诺基亚第二季度业绩好于市场预期，受AI和云计算客户需求强劲带动，可比营业利润同比增长18%至4.34亿欧元，高于市场预期的3.82亿欧元；季度营收48.2亿欧元，同样超过预期。受业绩提振，诺基亚美股盘后上涨逾5%。
不过，按照IFRS口径，公司第二季度录得5,000万欧元营业亏损，而市场原预期为2.418亿欧元营业利润；经调整毛利率为46%，高于市场预期的44.6%。
分业务来看，诺基亚持续加码向建设AI数据中心的科技巨头销售光纤网络设备，第二季度来自AI和云计算客户的销售额同比翻倍至4.46亿欧元，并新增28亿欧元订单。公司表示，目前需求依然旺盛，供应仍是行业主要瓶颈，客户因此更倾向签订长期订单。
受AI带动存储芯片价格上涨影响，电信设备行业成本压力仍在上升。此前，爱立信已警告内存芯片涨价将压缩利润率，引发市场担忧并拖累股价。不过，诺基亚凭借AI相关业务增长，成功抵消了部分成本压力。
展望全年，诺基亚将2026年调整后营业利润指引由此前的20亿至25亿欧元，上调至21亿至26亿欧元，高于市场预期的23.6亿欧元，显示公司对AI相关需求前景保持乐观。
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