earnings
Network Infrastructure Outlook Raised as AI and Cloud Orders Surge Past EUR 1 Billion (NOK Q1 2026 Earnings Call)
Nokia's first-quarter results provide a powerful confirmation of the accelerating AI super cycle, driven by an extraordinary surge in demand for optical and routing infrastructure from hyperscale data centers. Propelled by EUR 1 billion in new AI and cloud orders and a 20% sales spike in its Optical Networks division, the company executed a substantial upward revision to its full-year growth assumptions for its Network Infrastructure segment. Supported by early synergy gains from the Infinera acquisition and expanding gross margins, Nokia is aggressively positioning itself to capture an addressable AI infrastructure market that management now expects to grow at a blistering 27% CAGR over the next three years.