Key facts
- Nokia reported a 18% increase in Q2 comparable operating profit.
- Nokia's Q2 comparable operating profit reached 434 million euros.
- The company's profit exceeded analyst expectations of 382 million euros.
- Demand from AI and cloud customers drove the profit growth.
Nokia announced a stronger-than-anticipated increase in its second-quarter comparable operating profit, attributing the growth to demand from artificial intelligence and cloud clients. The Finnish telecommunications equipment manufacturer's comparable operating profit surged by 18% to 434 million euros for the second quarter. This figure surpassed the average estimate of 382 million euros provided by analysts polled by LSEG. The company's financial performance benefited from increased business with AI and cloud-focused customers.