Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Nokia Profit Beats Estimates as Data Centers Fuel Growth
Business & Finance

Nokia Profit Beats Estimates as Data Centers Fuel Growth

Bloomberg Technology Thursday 22 October 2026, 05:06 UTC By Paula Doenecke 1 min read
Key Points

Nokia Profit Beats Estimates as Data Centers Fuel Growth Nokia Oyj’s third-quarter profit beat analyst expectations, driven by rising demand for data center networking equipment as investment in artificial intelligence infrastructure surges. Adjusted operating income rose to €605 million ($680 million) in the period, the Espoo, Finland-based company said in a statement Thursday, beating a €454 million average analyst estimate compiled by Bloomberg. Nokia benefited from delivering some of its...

Nokia Profit Beats Estimates as Data Centers Fuel Growth Nokia Oyj’s third-quarter profit beat analyst expectations, driven by rising demand for data center networking equipment as investment in artificial intelligence infrastructure surges. Adjusted operating income rose to €605 million ($680 million) in the period, the Espoo, Finland-based company said in a statement Thursday, beating a €454 million average analyst estimate compiled by Bloomberg. Nokia benefited from delivering some of its backlog of data-center equipment.
Nokia Profit (ORG) Data Centers Fuel Growth Nokia (ORG) Data Centers Fuel Growth Nokia Oyj’s (ORG) Espoo (LOCATION) Finland (LOCATION) Bloomberg (ORG) Nokia (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Oil Market Crunch Could Happen in Months: BofA's Blanch (Video)

Bloomberg Markets 21m ago

Boston Dynamics Founder On Physical AI Outlook

Oct 22nd, 2026 Boston Dynamics Founder On Physical AI Outlook Marc Raibert, founder of Boston Dynamics, discusses the development of intelligent robotics technology. He speaks with Haslinda Amin at the Barclays Asia Forum in Singapore. Oct 22nd, 2026 Boston Dynamics Founder On Physical AI Outlook Marc Raibert, founder of Boston Dynamics, discusses the development of intelligent robotics technology.

Bloomberg Markets 31m ago

Tesla's profit drops as it explores a possible merger with Musk's other public company, SpaceX

Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX. Tesla reported lower third-quarter profits on Wednesday as Elon Musk's electric vehicle maker ramped up spending on artificial intelligence, robotics and autonomous transport. The electric vehicle maker reported third-quarter net income attributable to shareholders of $787 million...

Euronews 36m ago

Tesla reports $1.53 bn in free cash flow amid one-fifth cut to 2026 spending forecast

Tesla reported an unexpected $1.53 billion in free cash flow in the third quarter, beating Wall Street's expectations, as the electric vehicle maker spent less than anticipated on capital expenditure. However, a one-fifth cut to its 2026 spending forecast has raised questions about its investment plans for artificial intelligence (AI), robotics and autonomous driving. The company now expects capital expenditure of around $20 billion in 2026, down from its earlier forecast of more than $25...

Times of India 37m ago