# Nokia Stock Drops 10% Despite Profit Beat

> Nokia's stock falls 10% after beating earnings with AI data center growth, while Ericsson slips less.
- Title: Nokia Stock Drops 10% Despite Profit Beat · 24/7 Wall St.
- Summary: Nokia's stock falls 10% after beating earnings with AI data center growth, while Ericsson slips less. Nokia's stock dropped 10% despite a profit beat from AI…
- Keywords: nokia, ericsson, ai data center, profit beat, stock drop, q3 2026, data center orders, restructuring charges, Stock, Drops, Despite, Profit
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/22/nokia-tumbles-10-despite-data-center-driven-profit-beat-ericsson-slips
- Author: David Moadel
- Published: 2026-10-22T14:57:59+00:00
- Read time: 1 min
- Topics: nokia, ericsson, ai data center, profit beat, stock drop, q3 2026, data center orders, restructuring charges
## Nokia Beats Earnings
Nokia's comparable operating profit rose 35% year over year to $679.58 million, beating analyst estimates.

> In AI & Cloud, net sales more than doubled year-over-year and we secured EUR 1.5 billion in new orders.
## Stock Tumbles 10%
Nokia stock fell 10% to $8.34 in early trading after Q3 2026 results topped estimates.
## Ericsson Slips Less
Ericsson stock dropped 1% to $10.29, a softer slide than Nokia's decline.
## AI Data Center Demand
AI and cloud customers generated $708.79 million in net sales, up 123% year over year.
## Nokia's Data Center Mix
Nokia's data center orders power 12% of its order intake, with two additional hyperscalers as new wins.
## Restructuring Charges
Nokia booked $401.01 million in restructuring charges and free cash flow fell to negative $111.2 million.
## Q4 Outlook
Nokia expects Q4 2026 net sales to rise 20% to 24% from Q3, with data center growth driving the ramp.
## Key takeaway

Nokia's stock dropped 10% despite a profit beat from AI data center demand, as Ericsson's stock fell only 1%.