诺基亚Q3业绩双超预期、AI与云客户销售+123%，但维持全年指引，盘前冲高回落

Nokia Oyj press release ( NOK ): Q3 Non-GAAP EPS of $0.09 beats by $0.03 . Revenue of $5.15B (+9.6% Y/Y) beats by $90M . Q3 net sales grew 9% y-o-y on a constant currency basis (+10% reported). Network Infrastructure net sales grew 15% y-o-y on a constant currency basis, led by IP Networks growing 43% and Optical Networks 18%. Group net sales to AI & Cloud customers grew 123% and order intake 118%. Mobile Infrastructure net sales grew 5% y-o-y, in part due to acceleration of revenue from Q4 into Q3. The segment benefited from product mix, commercial discipline and continued execution of the cost reduction program. Q3 comparable operating margin increased 220bps y-o-y to 11.7% benefiting from revenue growth and operating efficiency. Reported operating margin declined 160bps to 3.8% due to accelerated restructuring and integration cost. Nokia's full year financial outlook is unchanged. On 22 October 2026, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is 27 October 2026 and the dividend will be paid on 5 November 2026. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments. Following this announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.03 per share.