The new Nokia that few people know
Nokia released today the result for the third quarter and its stock fell 15% in New York, closing at $7.88, less than half of the June peak. Operating profit rose 35%. IP network sales grew 43%, and sales to AI and cloud customers more than doubled. The operating margin of the network infrastructure division – the most relevant to the company's future and today responsible for 42%…
The Nokia stock fell 15% in New York, closing at $7.88, after the company released its third-quarter results. Despite a 35% increase in operating profit, the company's cash flow was weaker than expected, leading to a reduction in its cash conversion target for 2026. Nokia's optical and IP sales grew 43%, driven by demand for AI and cloud infrastructure, with €1.5 billion in AI and cloud orders received in the quarter.
The company maintained its 2026 operating profit outlook but warned that cash flow would be impacted by increased inventory costs.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
