Story perspectives

Nokia Q1 Profit Up 54%, AI Revenue +49%, Shares +7%

4/23/2026

Summary

Nokia Boosts Profit

Nokia reported Q1 comparable operating profit of €281 million, up 54% YoY and above the €250 million estimate.
Net sales reached €4.5 billion, a 4% increase from a year earlier.
AI and cloud revenue rose 49%, generating €1 billion in new orders and prompting a 27% CAGR forecast for 2025-2028.
Optical Networks sales grew 20% organically, lifting the Network Infrastructure segment 6%, while shares climbed 7% in Helsinki trading, the highest level since April 2010.

Summary

Nokia Acquires Infinera

Nokia completed the acquisition of Infinera, becoming a leading optical transport supplier for data-center build-outs.
At the OFC conference Nokia unveiled four signal processors and 13 optical solutions that could cut AI-workload costs by up to 70%.
Ten customers pledged to collaborate on AI-RAN trials this year.
Net cash and investments rose 27% to €3.788 billion, prompting a €0.04 per-share dividend, with executives warning of supply-chain, macro-economic, geopolitical and competitive risks.

History

Historical Context

Nokia Siemens Networks was established in 2007, generating €17 billion in revenue and reflecting the telecommunications industry's growth potential. Infinera, founded in 2000, became a leader in optical transport technology, going public in 2007. Nokia's acquisition of Infinera for $2.3 billion in 2024 continues the trend of consolidation in tech, enhancing capabilities to meet rising data demands.

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Nokia Boosts Profit

Nokia reported Q1 comparable operating profit of €281 million, up 54% YoY and above the €250 million estimate.
Net sales reached €4.5 billion, a 4% increase from a year earlier.
AI and cloud revenue rose 49%, generating €1 billion in new orders and prompting a 27% CAGR forecast for 2025-2028.
Optical Networks sales grew 20% organically, lifting the Network Infrastructure segment 6%, while shares climbed 7% in Helsinki trading, the highest level since April 2010.

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