KIANEWS Nokia Corporation Interim Report for Q3 2026
22. 10. 2026 Thursday / By: Robert Denes / Business / Exact time: BST / Print this page
Nokia’s network technology revenues exceeded expectations. In the third quarter—from July to September—Nokia’s net sales grew by 9 percent year-on-year, based on constant currency. Revenue reached 5.154 billion euros. Comparable operating profit for the July–September period increased by 2.2 percentage points year-on-year, reaching 11.7 percent, driven by growth in net sales and operational efficiency.
22 October 2026 at 08:00 EEST
"Team Nokia continues to deliver on our commitments as we execute against our strategy. In Q3, we grew net sales by 9% and improved comparable operating margin by 220 basis points. We continue to simplify our portfolio, and we are on track to complete the Infinera integration by the end of 2026, one year ahead of plan with EUR 200 million of net synergies.
In AI & Cloud, net sales more than doubled year-over-year and we secured EUR 1.5 billion in new orders. Our strong order backlog also positions us for future growth. We expect our combined Optical and IP Networks businesses to grow between 25% and 30% in 2027. Nokia’s strengths are uniquely suited to meet growing demands for AI infrastructure that is larger, more distributed and hyperconnected. We are investing where we can differentiate and co-innovate with hyperscalers. Our partnership with Google in support of their EUR 13 billion investment in Finland is an example of how our optical and IP networks provide the critical connectivity AI infrastructure requires.
AI-native networks are moving into the physical world, and our AI-RAN platform is being developed to deliver the performance needed for this market. Together with T-Mobile and NVIDIA, we completed the world’s first AI-RAN call in a live operator network in line with the commitment we announced last year. As we move towards commercial deployment the features and spectral efficiency delivered by our platform are uniquely differentiated in the market.
Overall, growth is accelerating, operating leverage is becoming more visible and I’m confident in the long-term shareholder value Team Nokia is creating."
Justin Hotard, President and CEO
This is a summary of the Nokia Corporation Interim Report for Q3 2026 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. Investors should not solely rely on summaries of Nokia's financial reports and should also review the complete reports with tables.
About Nokia Nokia is a global leader in connectivity infrastructure powering the AI supercycle. We create the networks that connect intelligence, combining a complete connectivity view across fixed, mobile, IP, optical, core and data center networks. Through secure-by-design, AI-native innovation, Nokia delivers the trusted infrastructure that makes AI work at scale and advances connectivity to secure a brighter world.
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