Nokia's AI, Cloud Sales Surge 123%, Beats Estimates

Key Takeaways

• Nokia's Q3 comparable operating profit rose 35% to €605 million, beating estimates of €453 million
• AI and cloud customer sales at Nokia surged 123% year-on-year, with €1.5 billion in new orders
• Nokia's Network Infrastructure division grew 17%, while Mobile Infrastructure expanded only 5%
• Nokia completed its first AI-RAN call with T-Mobile and NVIDIA and expects 25% to 30% growth in Optical and IP Networks by 2027
• Reported operating profit fell 22% due to restructuring costs, and free cash flow conversion guidance was lowered
• Amazon, Google, Meta and Microsoft plan to spend over $600 billion on capital projects this year
• Meta and Amazon each plan to spend $1 billion on financial incentives for data center host communities
• Google and Meta are reviewing non-disclosure agreements that previously kept data center projects secret
• Sundar Pichai says he uses AI agents to help manage Google's day-to-day operations
• EliseAI plans to double its sales team as AI tools triple the productivity of its account executives

Nokia earnings beat expectations on AI and cloud demand

Nokia reported Q3 comparable operating profit of €605 million, beating expectations. Sales to AI and cloud customers grew 123% year-on-year. The company secured €1.5 billion in new orders from these customers. CEO Justin Hotard guided for 25% to 30% growth in Optical and IP Networks by 2027.

Nokia stock set for weekly gain after strong Q3 sales growth

Nokia's Q3 sales rose 10% to €5.15 billion, beating analyst estimates. Earnings per share reached €0.09, also above expectations. AI and cloud revenue surged 123% while orders from these customers rose 118%. The company is also expanding its partnership with Nvidia to integrate AI into telecom networks.

Nokia Q3 profit rises on AI network demand

Nokia's comparable operating profit rose to €605 million from €448 million a year earlier. Net sales increased 10% to €5.15 billion while operating margin expanded to 11.7%. Sales to AI and cloud customers surged 123% with order intake up 118%. The company maintained its 2026 operating profit forecast of €2.1 billion to €2.6 billion.

Nokia stock heads for green week on Q3 sales jump

Nokia's comparable operating profit jumped 35% driven by AI and cloud demand. Q3 net sales reached €5.15 billion, exceeding estimates of €5.06 billion. The company secured €1.5 billion in new AI and cloud orders. Nokia is expanding its collaboration with Nvidia to bring AI deeper into telecommunications networks.

Nokia beats profit expectations as AI data center sales double

Nokia's comparable operating profit rose to €605 million from €448 million, beating the €453 million consensus. Net sales to AI and cloud customers reached €631 million versus €279 million a year earlier. The company expects 25% to 30% growth in Optical and IP Networks in 2027. Nokia also expects to finish integrating Infinera by end of 2026 with €200 million in net synergies.

Nokia Q3 profit beats expectations on strong AI sales

Nokia reported third-quarter 2026 comparable operating profit of 605 million euros, beating estimates of 453 million euros. Net sales rose 10% to 5.15 billion euros. AI and cloud order intake grew 118% year-on-year to 1.5 billion euros. CEO Justin Hotard expects combined Optical and IP Networks businesses to grow 25% to 30% in 2027.

Nokia reports 9% Q3 sales growth driven by AI and cloud

Nokia Oyj announced on October 22, 2026, a 9% increase in Q3 2026 net sales, driven by exceptional growth in AI and cloud segments. Operating profit rose to EUR 605 million with a margin improvement of 220 basis points to 11.7%. AI and cloud revenues surged 123%, and order intake jumped 118% to EUR 1.5 billion. Nokia guided for 25% to 30% combined growth in key business areas in 2027.

Nokia depends on AI boom for sales growth

Nokia's third-quarter revenue growth came almost entirely from AI and cloud customers rather than telecom operators. Network Infrastructure division sales grew 15% while Mobile Infrastructure grew only 5%. Telecom customer growth was flat. CEO Justin Hotard highlighted partnerships with Google and Nvidia, including work on AI-RAN technology. Nokia's share price fell 4% despite beating profit expectations.

Nokia Q3 earnings beat estimates on AI and cloud strength

Nokia reported Q3 net profit of 156 million euros, up from 80 million euros a year ago. Comparable profit from continuing operations was 498 million euros or 0.09 per share, beating the consensus estimate of 8 cents. Net sales reached 5.15 billion euros, up 10% year over year. AI and Cloud net sales surged 123% on a constant currency basis with order intake at 1.5 billion euros.

Nokia Q3 earnings beat estimates as AI and cloud grow 123%

Nokia reported Q3 2026 net sales of 5.154 billion euros, exceeding estimates of 5.06 billion euros. Comparable operating profit rose 35% to 605 million euros, beating forecasts of 454 million euros. Sales to AI and cloud customers grew 123% and order intake rose 118%. However, reported operating profit fell 22% due to restructuring costs. Nokia lowered its full-year free cash flow conversion expectation to 35% to 55%.

Nokia Q3 Sales Rise 9% as AI and Cloud Revenue Surges 123%

Nokia reported Q3 net sales of EUR 5.15 billion, up 9% from a year earlier. Comparable operating profit rose 35% to EUR 605 million. Network Infrastructure sales grew 15%, with IP Networks up 43% and Optical Networks up 18%. Sales to AI and cloud customers jumped 123%, with EUR 1.5 billion in new orders. Nokia completed the first AI-RAN call with T-Mobile and NVIDIA and expects Optical and IP Networks to grow 25% to 30% in 2027.

Tech Giants Promise More Money and Transparency for Data Center Host Communities

Amazon, Google, Meta and Microsoft are offering more financial incentives and greater openness to communities where they want to build data centers. Amazon launched its Amazon Data Center Commitment, promising better environmental practices and disclosure of energy and water use. Google and Meta said they are reviewing non-disclosure agreements that kept projects secret from the public. Meta and Amazon each plan to spend $1 billion on financial incentives for host communities.

AI Data Centers Become Politically Toxic as Tech Giants Court Skeptical Communities

Anti-data center sentiment has become a major issue in the midterm elections, with 36 governors' offices and Congress on the line. Tech giants are promising fewer tax breaks and more transparency to win community support. A Senate Democrat report criticized Amazon, Google, Meta and Microsoft for using non-disclosure agreements and seeking heavy tax breaks. The four companies plan to spend over $600 billion on capital projects this year, mostly data center construction in the U.S.

Stripe Lets AI Agents Help File Startup Incorporation

Stripe now allows users to start Atlas incorporation through an AI agent or command line interface. Users can describe their intent in plain language to trigger an Atlas application tied to their Stripe account. The agent collects founder details, ownership splits and vesting information but stops before filing. Sensitive steps like identity verification, payment and signatures still require manual input in the Dashboard. Atlas handles Delaware C corps and LLCs and offers $2,500 in Stripe credits in year one.

Nokia Network Infrastructure Sales Rise 17% on AI Demand

Nokia reported that third-quarter sales in its Network Infrastructure division rose 17% year-over-year. The growth was driven by demand from AI and cloud customers in the Americas. Nokia said it is on track to complete the Infinera integration by the end of 2026, one year ahead of plan. The division includes AI and data-center networking technology.

EliseAI plans to double sales team as AI boosts productivity

EliseAI, a company selling AI to housing and health care businesses, plans to double its sales team in the next 12 months. Its sales headcount has already grown 74% over the past year. Every salesperson uses AI tools, and the company says it has tripled the productivity of its account executives. The company's leaders say AI helps new hires become productive faster rather than replacing people.

Gradium releases Phonon, a small on-device text-to-speech model

Gradium open-sourced Phonon, a family of small text-to-speech models that run directly on devices. Phonon 31m has 31 million parameters, fits in a 64.5 MB file, and ships under Apache 2.0. It runs on CPUs, phones, Raspberry Pi 5, browsers, and NVIDIA GPUs without needing a cloud call or GPU. In tests, Phonon 31m scored 2098 Elo in US English and produced first audio in 6.9 ms on a MacBook Air M5 CPU.

Velvet launches non-custodial crypto trading and portfolio platform

Velvet is a non-custodial crypto trading platform from the Velvet Capital team, operated by Stronghold Fund One Inc. Users connect a wallet to trade spot markets, perpetual futures, and DeFi yield products across multiple blockchains. Velvet Unicorn lets users research tokens and prepare transactions using natural-language instructions. The platform supports Solana, Base, BNB Chain, and Hyperliquid, with no monthly subscriptions.

Smarsh EDGE 2026 focuses on governance for communications intelligence

At Smarsh EDGE 2026, industry experts discussed how financial institutions are moving from archiving communications to using them as systems of engagement and intent. Smarsh helps extract insights from unstructured messages and lets supervisors ask natural-language questions instead of running Boolean searches. Organizations can combine Smarsh agents with their own models while maintaining governance and explainability. AWS and Caylent help build governance into the infrastructure layer.

HOYA BIT explores AI data analysis for smarter crypto trading

HOYA BIT, a Taiwan-based virtual asset trading platform, participated in the 2026 Taiwan Generative AI Applications Hackathon under the Smart Trading challenge. The company uses large language models for information synthesis and has started in-house AI agent services. The winning team proposed a multi-agent consensus architecture where seven AI agents cross-validate information and vote on credibility. HOYA BIT currently positions AI as an assistant for data synthesis and guidance rather than direct trade execution.

Sundar Pichai uses AI agents to run Google

Google CEO Sundar Pichai says he uses a team of AI agents to help manage the company. He uses these AI tools to track how Google develops its models and follows internal discussions. The information was shared in a recent interview.

Sources

• Nokia’s Earnings Beat Is Riding AI And Cloud Demand
• NOK Stock Heads For A Green Week After A 10% Jump In Q3 Sales As AI And Cloud Demand Drives Growth
• Nokia Q3 profit rises on AI-driven network demand, outlook unchanged
• NOK Stock Heads For A Green Week After A 10% Jump In Q3 Sales As AI And Cloud Demand Drives Growth
• Nokia beat profit expectations as AI data center sales more than doubled
• Nokia's third-quarter profit beats expectations amid booming AI sales
• Nokia (NOK) Reports 9% Q3 Sales Growth with Strong AI and Cloud Momentum
• Nokia dependent on AI boom for sales growth
• Nokia's Q3 Earnings Beat Estimates on AI & Cloud Strength
• Nokia Q3 Earnings Beat Estimates as AI and Cloud Grow 123%, Yet Stock Still Falls Over 3% Pre-Market
• Nokia Q3 Sales Rise 9% as AI and Cloud Revenue Surges 123%
• Facing pushback on data centers, tech giants are promising hosts more money and fewer secrets
• AI data centers turn politically toxic as tech giants court skeptical communities
• Stripe Lets Agents File Your Startup, With Limits
• Nokia Network Infrastructure Sales Rise 17% on AI Demand
• My industry wants you to fire your sales team. One of my customers plans to double theirs
• Gradium Open-Sources Phonon, a 31M-Parameter On-Device TTS Model Under Apache 2.0
• Velvet – Onchain Trading Platform, AI Research & Portfolio Management
• Smarsh EDGE 2026: Anchoring communications intelligence
• HOYA BIT Explores AI Data Analysis Solutions for Smarter Trading
• Sundar Pichai explains how AI agents help him run Google