Overview
- Comparable operating profit rose to €435 million versus €342 million expected, as group net sales grew 12% to €4.83 billion.
- Optical Networks revenue increased 19% on a constant-currency basis, with AI and cloud customers making up 6% of group sales and 14% of Network Infrastructure.
- Nokia lifted its 2025 comparable operating profit guidance to €1.7–€2.2 billion after moving venture fund gains and losses out of operating profit.
- Shares jumped more than 11% after the release, with gross margin at 44.2% and operating margin at 9%, both ahead of forecasts.
- The company cited contributions from the Infinera acquisition and healthy orders with a book-to-bill above one, while noting ongoing tariff, currency and North American competitive pressures.