Nokia more than doubles profit to 240 million euros

Nokia reported a net profit of 240 million euros for the first nine months of 2026, more than double compared to the same period in 2025. The gross profit reached 6.298 billion euros, a 7.7% increase year-on-year, despite a 43% drop in operating profit to 229 million euros due to extraordinary restructuring costs. Revenue for the period was 14.402 billion euros, up 7.1% from the previous year. Sales increased by 9% in both the Americas and Europe, the Middle East, and Africa, while Asia-Pacific saw a 1% rise. CEO Justin Hotard noted that the AI and cloud computing business more than doubled its revenue in Q3, securing new orders worth 1.5 billion euros.