Nokia profits rise with AI growth

Finnish telecommunications equipment company Nokia achieved quarterly profits that exceeded expectations in the third quarter of 2026, driven by increasing demand from artificial intelligence and cloud computing clients. The company reported an operating profit of €605 million, surpassing analysts' expectations of €453 million, and sales grew by 10% to reach €5.15 billion, with AI customer orders increasing by 123% year-over-year. Nokia anticipates a 25-30% growth in its networking activities in 2027, and its strong results reinforce its strategy to capitalize on the growing demand for infrastructure related to artificial intelligence and cloud computing. The company's stock has risen by 48% since the beginning of 2026, and these results indicate an enhanced position amid the increasing demand for networking technologies.

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