Nokia seen to rise on Q2 EBIT beat as AI, cloud orders soar

Nokia Oyj

23/07/2026 07:51

** Shares in Nokia NOKIA.HE are expected to rise 2-4% after the Finnish telecom gear maker's Q2 core profit outdid forecasts, helped by soaring orders from the AI industry
** Orders from AI and cloud customers rose to €2.8 billion ($3.20 billion) from €1.0 billion in the previous quarter, which J.P.Morgan says was the key number in the report
**  "This figure is dramatically higher than any number we have heard from investors in the past quarter", the broker says
** Nokia books its comparable operating profit for the quarter at €434 million euros ($496 million), against €382 million euros seen by consensus
** Nokia CEO says customers switch to long-term orders amid supply constraints
** Nokia raises its full year comparable operating profit guidance range to €2.1 billion-2.6 billion from €2.0 billion-2.5 billion
($1 = 0.8752 euros)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com))