Nokia (NYSE: NOK) Exceeds Q3 Earnings and Revenue Estimates Driven by AI and Cloud Growth
Key points
- Nokia (NYSE: NOK) surpassed third-quarter 2026 earnings per share and revenue expectations, reporting EPS of $0.10 against an $0.08 estimate, and revenue of $5.78 billion, exceeding the $5.72 billion forecast.
- The company experienced significant growth in AI and Cloud sales, which jumped 123%, primarily driven by strong demand for Nokia’s IP Networks and Optical Networks products.
- Nokia’s network infrastructure unit saw a substantial 17% year-over-year sales increase, fueled by robust demand from AI and cloud customers in the Americas.
Nokia (NYSE: NOK), a leading telecom and data-network equipment maker, reports third-quarter 2026 earnings per share of $0.10, above the $0.08 estimate. Earnings per share measures profit for each share of stock. Revenue reaches $5.78 billion, exceeding the $5.72 billion estimate.
Revenue rises 10%, as highlighted by Zacks Investment Research. AI and Cloud sales jump 123%, supported by demand for Nokia’s IP Networks and Optical Networks products. These advanced networking systems help customers move large amounts of data, including traffic from AI services and cloud computing platforms.
Nokia’s network infrastructure unit reports a 17% year-over-year sales increase. The unit includes AI and data-center networking technology. Strong demand from AI and cloud customers in the Americas drives this significant growth, as highlighted by The Wall Street Journal. Third-quarter profit also beats expectations, as highlighted by Reuters.
Nokia has a trailing price-to-earnings ratio of 59.19, meaning its share price is 59.19 times its earnings over the past year. Its price-to-sales ratio is 1.95, meaning investors pay $1.95 for each $1 of annual sales. These valuation figures give investors another way to assess the earnings and revenue results for Nokia stock.
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