TradingKey – Before the market open on October 22 ET, Nokia (NOK) reported its third-quarter 2026 financial results, with net sales increasing 10% year-over-year to 5.154 billion euros (approximately $5.788 billion), above market estimates of 5.06 billion euros; comparable operating profit rose 35% to 605 million euros, beating market estimates of 454 million euros.

Sales to AI and cloud customers grew 123% year-over-year, and order intake rose 118%, becoming a major driver of performance growth.

However, Nokia’s third-quarter reported operating profit fell 22% year-over-year to 196 million euros, and the reported operating margin dropped from 5.4% in the same period last year to 3.8%, mainly impacted by higher restructuring and…