Nokia Earnings: Optical System Demand Remains Durable Despite Artificial Intelligence Fears
Nokia's third-quarter revenue rose 10% to EUR 5.15 billion as AI and cloud sales surged 123%, with EUR 1.5 billion in new orders. Adjusted operating profit jumped 35% to EUR 605 million. Management maintained its full-year profit outlook but now expects results above the EUR 2.4 billion midpoint.