Nokia Oyj retains its Buy rating following Q2 results, driven by robust AI and cloud sector growth. Q2 revenue rose 8.3% Y/Y to €4.82B, with AI & Cloud net sales up 105%, highlighting strong momentum in digital infrastructure. NOK maintains a 2026 operational outlook, adjusting operating profit guidance to €2.1–2.6B due to business discontinuations.
The artificial intelligence-radio access network (AI-RAN) thesis is moving from presentations to real-world implementation, and Nokia (NYSE:NOK | NOK Price Prediction) is now at the center of this development.
NOK's shares have slumped 28.7%, but AI infrastructure growth and stronger networking demand could offer a path to recovery.
NOK tops earnings estimates as AI networking and stronger margins help offset uneven telecom spending, offering fresh insight into its evolving growth outlook.
Nokia is balancing telecom headwinds with fast-growing AI networking, cloud infrastructure and enterprise demand as investors weigh its long-term growth potential.
NOK is expanding beyond telecom into AI networking, cloud connectivity and enterprise infrastructure as rising AI demand reshapes its long-term growth strategy.
NOK Q2 earnings highlights AI infrastructure growth, expanding cloud demand, optical investments and supply capacity plans as it targets long-term opportunities.
Norsk Hydro is transforming into a vertically integrated, low-carbon aluminum leader with strong renewable power and recycling assets. Q2 2026 results highlight Hydro's integrated model: NOK 56.49B revenue (+6%), NOK 8.92B adjusted EBITDA (+15%), and NOK 4B free cash flow. Hydro benefits from European aluminum scarcity, regional premiums, and long-term power contracts while maintaining disciplined capacity deployment.
Nokia Oyj (NOK) Q2 2026 Earnings Call Transcript
Nokia NYSE: NOK reported 9% constant-currency net sales growth for the second quarter of 2026, with executives pointing to strong demand from AI and cloud customers and continued progress on the company's strategy outlined at its Capital Markets Day.
NOK's Q2 earnings beat profit estimates as AI & Cloud demand lift Network Infrastructure growth, even as revenues miss expectations.
The company said it continues to capitalize on surging demand from AI and data-center customers, as supply constraints push clients to place longer-term orders.