Nokia raised its 2026 profit forecast following strong second-quarter growth in its AI and cloud divisions.
The Finnish company reported an 8% year-over-year increase in Q2 revenue. Total revenue for the quarter reached €4.82 billion. Sales within the AI and cloud segment more than doubled during the period. Comparable operating profit for the quarter rose 18%. This profit figure reached €434 million.
Nokia now expects 2026 comparable operating profit between €2.1 billion and €2.6 billion. This €0.1 billion upward revision stems from reclassifying two business units as discontinued operations. The underlying operational outlook for the year remains unchanged.
The board declared a quarterly dividend of €0.04 per share.