NOKIA $NOK JUST REPORTED Q3 EARNINGS - Net Sales: €5,154M, beating est. of €5.04B 🟢 - Adj EPS: €0.09, beating est. of €0.06 🟢 - Comparable Gross Margin: 44.6% (-20 bps YoY) - Comparable Oper Profit: €605M - Comparable Oper Margin: 11.7% (+220 bps YoY) - AI & Cloud Net Sales: +123% YoY (cc) - AI & Cloud Order Intake: €1.5B - Reported EPS: €0.03 Segment Net Sales: - Network Infrastructure: €2,158M (+17% YoY) - Mobile Infrastructure: €2,902M (+5% YoY) - Portfolio Businesses: €96M (-1% YoY) FY26 Guidance: - Comparable Oper Profit: €2.1B-€2.6B - Network Infrastructure Growth: 12% to 14% - FCF Conversion: 35% to 55% - CapEx: €750M-€850M Key Updates: - Dividend per Share: €0.03 - Infinera Integration: On track for completion by the end of 2026, one year ahead of plan - AI-RAN Call: Completed with T-Mobile and NVIDIA in a live operator network