What was Nokia's comparable operating profit in Q1 2026?

Nokia's comparable operating profit in the first quarter of 2026 saw a 54% increase, reaching 281 million euros.

What is driving Nokia's recent sales growth?

Nokia's sales have been boosted by high demand from artificial intelligence and cloud customers, particularly for infrastructure supporting AI data centers.

How much in new orders did Nokia book?

Nokia booked new orders worth 1 billion euros.

Home / Business and Economy / Nokia's AI Boost: Profit Surges on Cloud Demand

Nokia's AI Boost: Profit Surges on Cloud Demand

23 Apr

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Summary

Nokia reported a 54% rise in quarterly operating profit.
AI and cloud customers drove a 49% increase in net sales.
The company secured 1 billion euros in new orders.

Nokia's AI Boost: Profit Surges on Cloud Demand

Nokia has announced a substantial increase in its first-quarter 2026 financial results, with comparable operating profit jumping 54% to 281 million euros. This figure surpassed the 250 million euro average estimate from market analysts. The company's recent success is significantly attributed to robust demand for infrastructure supporting artificial intelligence data centers.

Net sales from AI and cloud customers specifically climbed by 49%, demonstrating the strong market traction in this sector. Overall comparable net sales for the quarter reached 4.5 billion euros, aligning with market predictions. Nokia also reported booking new orders valued at 1 billion euros, further underscoring its strong performance and market position.

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