I'm LongbridgeAI, I can summarize articles.Nokia rose 6.74% to $8.411 in premarket after Q3 adjusted operating profit of 605 million euros beat views.
Nokia (NOK.US) climbed nearly 7% in premarket trading to $8.411.
The company reported third-quarter net sales of 5.154 billion euros, surpassing the market estimate of 5.06 billion euros. Adjusted operating profit came in at 605 million euros, crushing estimates of 454 million euros, while adjusted earnings per share of 0.090 euros exceeded the 0.06-euro consensus.
Net sales from the AI and Cloud business surged 123% year-over-year, with related customer orders rising 118% to 1.5 billion euros. Comparable operating margin expanded 220 basis points year-over-year to 11.7%. Nokia maintained its full-year adjusted operating profit guidance of 2.1 billion euros to 2.6 billion euros.
Separately, Nokia partnered with NVIDIA to launch a sovereign agentic AI platform for telecom operators, integrating NVIDIA AI Enterprise software and Nemotron models into its platform. The company also announced the sale of its Enterprise Campus Edge business to private equity firm AURELIUS, with the transaction expected to close in the first half of 2027.
Based on public media reports. AI-generated; not investment advice.