Internet infrastructure business boosts Nokia Oyj Sponsored ADR (NOK.US) performance! Q3 revenue up 12% year-on-year, operating profit exceeds expectations.

Thanks to the growth of network infrastructure and optical networking businesses, 5G equipment manufacturer Nokia Oyj Sponsored ADR (NOK.US) exceeded market expectations in the third quarter of 2025. The financial report shows that Nokia Oyj Sponsored ADR's net sales in Q3 increased by 12% year-on-year to 4.828 billion euros, higher than the analysts' average expectation of 4.64 billion euros. Adjusted operating profit decreased by 10% year-on-year to 435 million euros, but exceeded the analysts' average expectation of 324 million euros; adjusted earnings per share remained flat at 0.06 euros compared to the same period last year. By business segment, net sales for network infrastructure business were 1.953 billion euros, a 28% year-on-year increase; mobile network business net sales were 1.842 billion euros, a 1% year-on-year decrease; cloud and network services business net sales were 645 million euros, an 8% year-on-year increase; Nokia Oyj Sponsored ADR's technology business net sales were 391 million euros, a 1% year-on-year increase. Due to the impact of the tariff policies of the Trump administration in the United States and currency fluctuations, Nokia Oyj Sponsored ADR lowered its full-year comparable operating profit expectations for 2025 to 1.6-2.1 billion euros in the second quarter financial report announced in July. However, in this latest financial report, despite reiterating its expectations for full-year operational prospects in 2025, Nokia Oyj Sponsored ADR made technical adjustments to its comparable operating profit guidance, currently expected to be between 1.7-2.2 billion euros. For years, this equipment manufacturer and its Nordic competitor Telefonaktiebolaget LM Ericsson Sponsored ADR Class B have faced a downturn in sales of 5G equipment due to carriers delaying expensive network upgrades. Although sales have stabilized this year, Nokia Oyj Sponsored ADR is increasingly focused on expanding into other industries such as artificial intelligence and defense to broaden its customer base beyond mobile operators. The company's CEO, Justin Hotard, took over the company in April and will detail his strategy at the Capital Markets Day on November 19th.