Nokia Q1 Profit Beats, Shares Jump 9%

Nokia posted Q1 net profit €87 million, reversing €60 million loss from a year earlier.
Comparable net sales rose 4% to €4.5 billion, while operating profit jumped 54% to €281 million, beating margins consensus.
AI and cloud revenue surged 49% to 8% of sales, with €1 billion of AI orders driving a 20% rise in optical networks.
Shares rose over 9% as Nokia reaffirmed full‑year €2‑2.5 bn operating profit outlook, despite a negative €353 million free‑cash‑flow.