Nokia Stock Jumps 6% After Solid Q2 Results, Hits Best Day in 2 Weeks

According to Fiscal AI data, on Thursday, Nokia posted strong second-quarter results with revenue of €4.82 billion, up 8% year-over-year, and earnings of €0.07 per share, matching analyst consensus. The Finnish telecom company's stock jumped more than 6% in New York trading, set for its best session since July 9 if gains hold.

Network Infrastructure led growth with sales up 12% year-over-year, while AI and cloud-related customer sales more than doubled. CEO Justin Hotard stated the company expects approximately half of the €2.8 billion in new orders from Q2 to convert to revenue over the next twelve months. Operating profit rose 18% to €434 million, with the company raising its 2026 operating profit guidance to between €2.1 billion and €2.6 billion.