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Nokia Reconsiders Valuation as AI and Cloud Drive 61% of Q2 Growth

Nokia logoNokia
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In Q2 2026, Nokia revenue rose by €372 million year over year, with €226 million from AI and cloud customers. These customers were 9.3% of revenue but drove 61% of the growth. Starting in 2026, Nokia reorganized into Network Infrastructure and Mobile Infrastructure, integrating Nokia Technologies into Mobile Infrastructure as Technology Standards.

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