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The Return of the Finnish Giant: How Nokia Reinvented Itself Amid the AI Boom

The Return of the Finnish Giant: How Nokia Reinvented Itself Amid the AI Boom

A Morning of Triumph: When Financial Results Speak Louder Than Doubts

Thursday began with a pleasant surprise for NOKFF ... shareholders. The Finnish telecommunications equipment manufacturer opened with a sharp upward move: its shares climbed to EURUSD ... €9.762, reached an intraday high of €9.800 and, even after a correction, remained 1.3% higher at €9.286.

This was not merely a technical market movement. It was the market’s recognition that a company many had already written off as a “dying giant” had found a second wind—and it proved to be a powerful one.

What was behind this rise? Nokia’s results for the second quarter of 2026 were not merely good. They represented a direct challenge to the pessimists who had predicted the company’s decline for years.

Comparable operating profit increased by 18% year over year to €434 million, significantly exceeding analysts’ expectations of approximately €382 million. Revenue reached €4.82 billion, representing growth of 9% in constant currency. In a world where many technology companies struggle to achieve even a few percentage points of growth, this was an impressive result.

However, the main factor that made investors smile—and, more importantly, raise their expectations—was the company’s own confidence. Nokia increased its full-year comparable operating profit forecast to a range of €2.1 billion to €2.6 billion.

The company also announced a dividend of €0.04 per share. These were not merely optimistic statements, but specific commitments to shareholders demonstrating that management believes the current growth is sustainable.

AI as a Growth Engine: Sales Double and Orders Nearly Triple

The new Nokia is no longer simply a company that sells networking equipment. It has become an indispensable partner for artificial intelligence giants—and the figures demonstrate this with remarkable clarity.

Sales to customers in the AI and cloud technology segment more than doubled, rising by 105% year over year....

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