The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

StocksMediumUpdated×2•Originally published 23 April 2026•Updated 23 April 2026•

1 min read

Nokia Beats Q1 Profit Estimates Driven by AI and Cloud Demand Surge

Key Facts

1Nokia reported a higher than expected rise in quarterly comparable operating profit driven by high demand from AI and cloud customers.

2The company booked orders worth 1 billion euros ($1.2 billion) due to increased demand.

Nokia reported a significant beat in its first-quarter comparable operating profit, fueled by robust demand from Artificial Intelligence (AI) and cloud infrastructure sectors. Market reaction was swift, with Nokia's Finland-listed shares surging over 9% to reach their highest level since April 2010. Similarly, the company's New York-listed shares gained nearly 11% in pre-market trading following the announcement. The company successfully booked 1 billion euros in new orders and raised its network infrastructure sales growth guidance to a range of 12% to 14%. This upward revision and the subsequent share price rally underscore investor confidence in Nokia's strategic positioning. Analysts view these results as a clear indicator of the company's resilience and its ability to capitalize on the global AI boom.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Updated the story to include market reaction data, noting shares hitting a 16-year high in Finland and double-digit gains in New York pre-market trading.

Version 1about 1 month ago

What changed: Nokia raised its network infrastructure sales growth guidance to 12%-14%, doubling its previous forecast of 6%-8%.