Nokia Q2 profit beat as sales from AI, cloud doubled

STOCKHOLM: Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost from artificial intelligence and cloud customers, and expects the growth to continue.

Comparable operating profit jumped 18% to 434 million euros ($496.11 million) ‌in the ⁠second quarter ⁠of 2026. That was above the average estimate of 382 million euros from analysts polled by LSEG.