Nokia shares jump 6.41% after Q2 sales rise 8% to 4.82 billion euros, beating estimates
AI Market Summary
Nokia's shares rebounded after a beat-and-raise quarter: net sales rose 8% to €4.82bn and adjusted EPS of $0.08 topped expectations. Strength was concentrated in Network Infrastructure, led by Optical Networks (+19%) and IP Networks (+15%), reinforcing AI data-center demand. Strategic actions—acquiring an NXP chip fab campus and partnering with NVIDIA on AI networking—underscore longer-term positioning, even as shorter-term technicals remain mixed.
Impact level
● Medium
Affected assets
NCSKNOK2USD/USDT+5.34%
AI Insight · NCSKNOK2USD/USDTAI Insight
▲ Bullish
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Nokia reported quarterly net sales of 4.82 billion euros, up 8% year over year and slightly above market expectations. Adjusted earnings were 8 cents per share, topping the 7 cents expected. The increase was led by Network Infrastructure, with Optical Networks revenue up 19% and IP Networks up 15%, while Mobile Infrastructure sales rose 6%. The shares remain below their 20-day and 50-day moving averages but are holding above the 200-day line, suggesting the longer-term trend has not broken.
