Nokia reports Q2 EPS comparable EUR 0.04 vs. EUR 0.06 last year

Reports Q2 revenue EUR 4.55B vs. EUR 4.47B last year. Q2 comparable net sales declined 1%. Justin Hotard, president and CEO, said, “During my first quarter as CEO, I’ve spent significant time engaging with our stakeholders. One message has stood out: Connectivity is becoming a critical differentiator in the AI supercycle, not only for communication service providers and hyperscalers, but also for new areas like defense and national security. With our portfolio in mobile and fiber access, data center, and transport networks, Nokia (NOK) is uniquely positioned to be a leader in this market transition. Customer conversations have increased my optimism about our opportunity: There’s been a strong validation of what sets us apart – our technology, partnering culture, and the exceptional talent of our people.”