Nokia's Accelerating AI Revenue Will Boost Earnings and Valuation -- Market Talk

1028 GMT - Nokia's AI-related revenue could double in 2027, accounting for over 20% of total revenue mix, which would accelerate earnings growth and bring valuation closer to AI-focused networking peers, Bank of America Securities analysts write. Nokia earnings and third-quarter guidance were slightly soft, but AI order intake of 2.8 billion euros significantly beat expectations. Market concerns over a lack of full-year guidance upgrade are misplaced, as most of this quarter's order intake will be delivered in 2027 and partly in 2028, BofA adds. "Nokia's AI order run rate has now effectively doubled from about 1 billion euros/quarter to about 2 billion euros/quarter." BofA raises its price objective to 16 euros from 15.60 euros and reiterates its buy rating. Shares fall 2.2% to 8.51 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 06:29 ET (10:29 GMT)