Nokia Logs Margin Beat as AI, Cloud Orders Jump

Dow Jones07-23 15:30

0729 GMT - Nokia reported very strong AI and cloud orders in the second quarter, while the mobile infrastructure unit drove a gross margin beat, Jefferies analyst Janardan Menon writes. Nokia's sales were in line at 4.82 billion euros, while the adjusted gross margin of 46% was ahead of the bank's 44.7% estimate, boosted by mobile infrastructure margins. Revenue in the unit also exceeded expectations with 7% growth on year. In network infrastructure, optical revenue grew 20% on year while IP networks revenue growth accelerated to 16% on year from 3% in the first quarter. Nokia booked 2.8 billion euros of cloud and AI orders in the second quarter, up sharply from 1 billion in the first quarter and double Jefferies' 1.4 billion-euro estimate. Shares rise 0.4%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 23, 2026 03:30 ET (07:30 GMT)

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(dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2026 03:30 ET (07:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653271218","isCrawlerRequest":true}