Nokia reported third-quarter revenue growth of 9%, with profit rising on demand tied to AI-driven network buildouts, according to Investing.com. The company's ADR earnings beat consensus by $0.03 a share, with revenue also topping estimates.
Despite the beat, Nokia left its full-year outlook unchanged, suggesting management sees the AI-linked demand as consistent with prior guidance rather than a reason to raise expectations. The company separately raised its restructuring cost estimate, a detail that tempers the otherwise positive quarter.
What isn't yet clear is how much of the AI-driven demand is tied to one-off network buildouts versus a sustained order pipeline, something investors will look for in Nokia's next quarterly update.