On July 23, Nokia Oyj rose 5.64% overnight, trading at $10.86/share, with turnover of $42,500. The stock continued its rebound trajectory following the release of second-quarter earnings and sustained momentum from its AI-RAN platform initiative.
Nokia released its Q2 financial report pre-market on July 23, with market consensus expecting EPS of $0.07, representing an improvement from the prior quarter's $0.06. Last quarter, the company reported revenue of $5.266 billion, up 13.98% year-over-year, with gross margin reaching 45.50%. Additionally, Nokia's commercial AI-RAN platform, developed jointly with NVIDIA, has demonstrated over 20% spectral efficiency gains and targets 50% by 2027 and over 100% by 2028. The platform will adopt a subscription-based software model with pilot deployments expected by year-end, bolstering market confidence in the company's medium-to-long-term growth narrative.
The stock had previously declined approximately 19.5% over the prior week, and the broader communication equipment sector has seen collective recovery in recent sessions, providing additional support for the rebound.
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