Nokia reported third-quarter 2026 earnings per share of $0.10, surpassing the $0.08 estimate, and revenue of $5.78 billion, exceeding the $5.72 billion forecast. The company's AI and cloud sales surged 123%, driven by high demand for its IP Networks and Optical Networks products. Its network infrastructure unit also saw a 17% year-over-year sales increase, fueled by strong demand from AI and cloud customers in the Americas. This growth highlights Nokia's expanding role in advanced networking technology supporting AI and cloud computing platforms.
Nokia's stock price on Pluang is currently USD 8.12 as of Oct 22, 2026 23:41 WIB, showing a significant 12.37% decline in one day. Despite the strong earnings beat and growth in AI and cloud sales, investor sentiment appears cautious. The stock's market cap stands at $51.74 billion, with a nearly balanced order activity of 51% sell and 49% buy on the platform.
Nokia's stock fell 10% after reporting Q3 2026 earnings that beat estimates, driven by strong demand for AI data center equipment. The company saw a 35% rise in operating profit and a 123% jump in AI & Cloud sales, but faced challenges like supply ch...
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