HUNTSVILLE, Ala.--(BUSINESS WIRE)-- #5G--Adtran today announced support for Galileo's Open Service Navigation Message Authentication (OSNMA) across its Oscilloquartz synchronization platforms, marking a major advance in GNSS security. OSNMA is the first GNSS authentication service designed for civilian use, and Adtran is the first in the timing industry to support it. By verifying that timing data originates from genuine Galileo satellites, OSNMA ensures authenticity and integrity at the point of rec. ...

Core Insights - The company reported a strong growth of 9% on a constant currency basis, particularly in the network infrastructure business driven by optical networks and mobile infrastructure [1] - There is a significant focus on AI and data centers, with investments aimed at capturing opportunities in these areas [2][3] - Demand for AI and data center activities is robust and continues to accelerate, indicating a long-term growth trend rather than a temporary spike [6][8] Company Performance - The company experienced strong order growth in its optical networks business, contributing to overall positive performance [1] - Profit comparisons year-over-year are affected by a reversal from the previous year, but underlying performance remains flat when adjusted for this [1] - The company is actively innovating and shipping competitive products, such as the 800 gig ZRZR Plus pluggable, which is expected to enhance its market position [4][5] Market Trends - The demand for optical networks is growing across various sectors, including long-haul transport and metro networks [4] - Emerging demand in pluggable technology is seen as an exciting opportunity for the company [4] - The long-term potential of AI is viewed as a super cycle, with various applications still in early stages of penetration, suggesting sustained growth in the future [9][12] Strategic Focus - The company is directing investments towards AI and data centers to capitalize on the increasing demand in these sectors [2][3] - There is a belief that the current wave of spending from hyperscalers will not lead to a slowdown in the market, reinforcing confidence in long-term growth prospects [8][10] - The company is expanding its capabilities in fixed access and fiber technology to support both enterprise and residential customers [12][13]

Core Insights - Shares of Nokia increased approximately 8% in premarket trading following the announcement of third quarter adjusted profit that exceeded analyst expectations, driven by strong demand for AI and cloud services which positively impacted Optical Networks sales [5] Financial Performance - Nokia's third quarter adjusted operating profit decreased by 10% year-over-year, amounting to €435 million [5]

Financial Data and Key Metrics Changes - The company reported a 9% increase in net sales for Q3, with all business groups contributing to this growth [4][13] - Gross margin declined by 150 basis points year-on-year, primarily due to product mix issues in Network Infrastructure and Mobile Networks [13] - Operating margin was 9%, down 220 basis points from the previous year, largely due to a one-time benefit from a loss provision reversal in the prior year [13][14] - Free cash flow generated was EUR 429 million, with a net cash position of EUR 3 billion at the end of the quarter [14][18] Business Line Data and Key Metrics Changes - Network Infrastructure saw an 11% growth, with Optical Networks leading at 19% sales growth [15] - Cloud and Network Services experienced a 13% increase in sales, with gross margin improving by 380 basis points [16] - Mobile Networks net sales increased by 4%, driven by growth in Vietnam and the Middle East & Africa, but gross margin declined by 370 basis points due to a lower software contribution [17] - Nokia Technologies reported a 14% increase in net sales, maintaining an annual run rate of approximately EUR 1.4 billion [18] Market Data and Key Metrics Changes - In North America, strong growth was observed in Network Infrastructure and Cloud and Network Services, while Mobile Networks saw a slight decline [18] - APAC region, particularly India, showed growth in Network Infrastructure, while Mobile Networks returned to modest growth [18] - Europe remained stable, with no significant changes reported in Q3 [18] Company Strategy and Development Direction - The company is focused on operational leverage through continuous productivity improvement and digital instrumentation, rather than large restructuring programs [15][40] - The integration of the Infinera acquisition is ahead of schedule, contributing positively to net sales and order intake growth [5][11] - The company aims to unlock the full potential of its portfolio and deliver ongoing growth and operating leverage, with a strategy to be shared at the upcoming Capital Markets Day [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment, particularly in AI and cloud sectors, with a strong order intake and backlog coverage [4][5] - The company expects Q4 net sales to grow sequentially, slightly above historical seasonality of 22% [11] - Management highlighted the importance of focusing on innovation and technology leadership to improve returns in Mobile Networks [83] Other Important Information - The company is scaling down passive venture fund investments and will consider targeted direct minority investments to accelerate its strategy [10][11] - The AI supercycle is seen as a significant driver for demand in advanced connectivity solutions, positioning Nokia as a leader in this market [12] Q&A Session Summary Question: Progress on IP Networks and switching business - Management acknowledged positive design wins and emphasized that they are still a small player in the IP Networks space, with much work ahead [27] Question: Growth opportunities in AI and cloud - Management identified hyperscalers and sovereign clouds as significant growth opportunities, with current demand primarily driven by hyperscalers [29] Question: Insights on Scale Across for optics - Management noted that while Scale Across is not new, the increasing bandwidth demands from AI data centers create new opportunities for innovation [31][32] Question: Mobile Networks margins and future outlook - Management indicated that improving returns in Mobile Networks is a priority, focusing on customer engagement and innovation [83] Question: Demand in Europe and revenue decline - Management stated that demand in Europe is stabilizing, with potential upside if regulations address high-risk vendor status [77]

Nokia (NYSE:NOK) Q3 2025 Earnings Call October 23, 2025 04:30 AM ET Speaker3Good morning, ladies and gentlemen. Welcome to Nokia's third quarter 2025 results call. I'm David Mulholland, Head of Nokia Investor Relations, and today with me is Justin Hotard, our President and CEO, along with Marco Wirén, our CFO. Before we get started, a quick disclaimer: during this call, we will be making forward-looking statements regarding our future business and financial performance, and these statements are predictions ...

Nokia (NYSE:NOK) Q3 2025 Earnings Call October 23, 2025 04:30 AM ET Speaker0Good morning, ladies and gentlemen. Welcome to Nokia's Third Quarter twenty twenty five Results Call. I'm David Mulholland, Head of Nokia Investor Relations. And today with me is Justin Hautard, our President and CEO along with Marco Beran, our CFO. Before we get started, a quick disclaimer.During this call, we will be making forward looking statements regarding our future business and financial performance, and these statements are ...

Q3 2025 Financial results 23 October 2025 1 © 2025 Nokia Disclaimer It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements preceded by "believe", "expect", "expectations", "commit", "anticipate", "foresee", "see", "target", "estimate", "designed", "aim", ...

新浪科技讯 10月23日下午消息，中兴通讯近日举行成立40周年外事招待会。来自80多个国家的300多名 驻华使节，相关机构代表，国际组织负责人及合作伙伴出席了本次活动。 招待会期间，中兴通讯董事长方榕与嘉宾同切蛋糕，共同庆祝中兴通讯成立40周年。来宾还一起观赏了 民乐演奏、川剧变脸等节目，并体验了机器人现场展示武术招式、与嘉宾趣味互动的精彩环节，感受尖 端科技与传统文化交融的魅力。 中兴通讯方面表示，展望未来，将以四十周年为新起点、以技术创新为依托，携手全球合作伙伴，共赢 数智未来新征程。 中兴通讯董事长方榕在致辞中总结了企业40年来的发展历程与国际化成果。她表示，怀揣"以一根电话 线连接世界"的初心，中兴通讯已成长为全球领先的综合信息与通信技术解决方案提供商，而国际化便 是行稳致远的"必由之路"。得益于中国对外经贸服务机构与各驻华使领馆的支持，更有赖于中外政策衔 接、经贸合作深化的指引，中兴通讯业务已覆盖160多个国家和地区，全球每四人中就有一人使用中兴 的产品与服务。面对人工智能浪潮，中兴通讯正推动从"全连接"向"连接+算力"的战略升级，以领先的 网络连接与智能算力弥合数字鸿沟、深化全球合作，共谱数智化发 ...

Core Insights - The company experienced a significant increase in sales of network infrastructure equipment driven by demand from artificial intelligence and data-center customers in North America [1] Group 1 - The rise in sales is attributed to the growing needs of artificial intelligence and data-center sectors [1] - North America is highlighted as a key market for this growth in network infrastructure equipment sales [1]

Nokia's adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks businesses https://t.co/JoMex87ep6 ...