Nokia Reports Sharp Rise in Demand From AI and Cloud Customers

By Dominic Chopping

Nokia said it is tracking to the midpoint of its full-year guidance range as it reported a sharp rise in sales of its network infrastructure equipment from artificial intelligence and data-center customers in North America.

The Finnish telecom-equipment provider's strategic focus has been increasingly shifting to network infrastructure, where data centers and AI investments are creating new growth opportunities for the company. Around 6% of the company's group sales in the quarter came from AI and cloud customers.

Network infrastructure sales rose 28% on year.

Nokia lifted full-year guidance slightly due to a change in how it presents its venture fund investments, and now expects comparable operating profit of between 1.7 billion and 2.2 billion euros ($1.97 billion-$2.55 billion), up from between 1.6 billion and 2.1 billion euros previously.

The company posted a 8.2% drop in third-quarter group comparable net profit attributable to shareholders to 323 million euros. Sales rose to 4.83 billion euros while comparable operating profit dropped to 435 million euros.

Analysts polled by FactSet had forecast comparable net profit of 269 million euros on sales of 4.64 billion euros.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 23, 2025 01:57 ET (05:57 GMT)