Nokia stock gains 2.37 percent before October results

Published on 10/03/2026 at 23:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia stock stood at EUR 9.408 on October 2, 2026, while Q2 comparable operating profit reached EUR 434 million. Nokia reports Q3 figures October 22.

Isometrische 3D-Grafik eines Telekommunikationsnetzwerks mit Türmen und Servern — Nokia Oyj (FI0009000681) isometrische 3D-Illustration einer Netzarchitektur mit Sendemasten, Rechenzentrum und vernetzten Geräten, Illustration mit AI erstellt.

Nokia stock (ISIN FI0009000681) closed at EUR 9.408 on Nasdaq Helsinki on October 2, 2026, up 2.37 percent from EUR 9.190. The next major test is the company's Q3 and nine-month 2026 report scheduled for October 22.

Q2 profit improved despite charges

Nokia's Q2 2026 net sales reached EUR 4.815 billion, compared with EUR 4.448 billion in comparable Q2 2025, an 8 percent increase. According to MetaTrader, comparable operating profit rose 18 percent to EUR 434 million from EUR 367 million in the year-earlier quarter.

The headline reported result was weaker: operating profit was a loss of EUR 50 million, with accelerated restructuring charges of EUR 390 million. Comparable operating margin was 9.0 percent, while the reported margin was negative 1.0 percent, leaving restructuring execution as a central counter-factor for the October report.

AI orders support the strategy

Network Infrastructure sales grew 12 percent on a constant-currency basis in Q2, while Optical Networks increased 20 percent and IP Networks rose 16 percent. AI and Cloud customer sales grew 105 percent year over year, and AI and Cloud order intake reached EUR 2.8 billion, according to MetaTrader.

That operating shift has attracted fresh analyst attention. As Yahoo Finance reported on September 15, 2026, Rosenblatt initiated coverage with a Buy rating and a USD 15 price target, citing Nokia's optical networking position in AI infrastructure.

October report sets the next marker

The October 22 release will show whether the AI and cloud order pipeline is converting into sales and comparable profit. Nokia's 52-week range was EUR 4.140 to EUR 14.995 on October 2, placing the share price EUR 5.587 below the high, while market capitalization stood at EUR 52.7 billion.

Trading volume reached 11,810,000 shares on October 2. The combination of 2.37 percent daily appreciation, 105 percent AI and Cloud sales growth and the 18 percent comparable operating-profit increase gives the upcoming report three measurable benchmarks.