Nokia reported a 54% increase in first-quarter 2026 comparable operating profit to €281 million. This result surpassed analyst estimates for the period. Comparable net sales grew 4% year-over-year on a constant currency basis to approximately €4.5 billion. Comparable diluted earnings per share reached €0.05, beating market consensus.
The Network Infrastructure segment drove growth as sales to AI and cloud customers surged 49%. The Optical Networks division recorded a 20% increase in sales. Nokia maintained its full-year profit outlook of €2.0 billion to €2.5 billion. The company indicated that performance is tracking above the midpoint of that guidance range.