Nokia reports Q2 2026 AI cloud growth

Nokia has announced its Q2 and half-year 2026 financial results, along with updates to restructuring, dividends, and U.S. optical manufacturing expansion.

• Q2 performance: net sales were EUR 4.815 billion, up 8% reported and 9% constant currency; comparable operating profit was EUR 434 million and comparable diluted EPS was EUR 0.07.
• Operational updates: Nokia raised full-year 2026 comparable operating profit guidance to EUR 2.1 billion to EUR 2.6 billion, announced EUR 800 million in 2026 restructuring-related charges, and said it will pay a EUR 0.04 per share dividend on 6 August 2026.
• Capacity and transactions: Nokia said its San Jose Fab will ramp later in Q4 2026, it will increase Pennsylvania advanced test and packaging capacity by 10x from Q3 2026, and it has a definitive agreement to acquire NXP’s Chandler Semiconductor Fabrication campus in Arizona, with initial leased production starting in early 2027 and closing expected in Q1 2029.