Nokia has recently highlighted its early progress in a strategic shift focused on AI-related opportunities in its Q2 results. They went on to express confidence on securing a buyer for its Enterprise Campus Edge business and unveiled a deal to up U.S. manufacturing.
The vendor announced the under review campus edge business unit, which includes part of its enterprise private networks offering, is being shunted into its discontinued operations accounting bracket alongside the fixed wireless access CPE business it has already agreed to sell to Inseego.
Nokia deems an agreement to sell the business “highly probable”.
The forecast sale is part of a strategic change at the company unveiled by Nokia CEO Justin Hotard in November 2025, which reshaped the company in an attempt to take advantage of the AI boom.
In its results statement on the 23rd July 2026, Hotard said he is “encouraged by the execution and progress we have made in a short period of time” since the plan was announced. He noted order intake from its AI and cloud division more than doubled year-on-year to €2.8 billion.
Nokia booked a net profit of €5 million, down 95%, on net sales which were up 8% to €4.8 billion. Its profit figures were hit by €390 million in charges taken in the quarter to fund accelerated restructuring efforts and other one-off costs. Nokia noted with these factors stripped out it would have booked a 64% increase in its bottom-line.
Restructure
Nokia provided an update on ongoing restructuring projects. It expects to spend a total of €800 million across 2026 on making the changes, some of which had been previously flagged.
Around €250 million relates to the concluding part of a programme commenced in 2023; €350 million are integration charges to simplify its business in China after taking full ownership of a JV there; and the remaining €200 million is going on “additional restructuring actions”, primarily in Europe.
On the latter, the vendor stated the actions were a “further step in simplifying Nokia’s operating model and allocating resources towards growth opportunities” without providing details.
U.S. manufacturing
Alongside its numbers, Nokia announced a deal to buy NXP’s Chandler Semiconductor Fabrication campus in the U.S. state of Arizona, subject to getting the regulatory nod.
The vendor explained it is part of long-term capacity planning and it would use the facility for Indium phosphide semiconductor production for optical components. With the purchase not expected to close until Q1 2029, it plans to lease some capacity at the site from early 2027.
Financial details of the deal were not disclosed.
Source: Mobile World Live
Image Credit: Nokia
Source: Tahawul Tech