Nokia (NYSE:NOK – Get Free Report) issued its quarterly earnings data on Thursday. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $4.59 billion. Nokia had a return on equity of 8.54% and a net margin of 3.41%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS.
Here are the key takeaways from Nokia’s conference call:
- Q1 results: Nokia reported net sales of EUR 4.5bn (+4%), an operating margin of 6.2% and free cash flow of EUR 629m, with gross margin up 320 bps year‑on‑year.
- AI & cloud acceleration: AI/cloud sales grew 49% with EUR 1bn of new AI/cloud orders and book‑to‑bill >1, prompting Nokia to raise 2026 Network Infrastructure growth guidance to 12–14% and Optical+IP to 18–20% while revising the AI/cloud addressable market to a 27% CAGR (2025–28).
- Optical momentum and Infinera integration: Management says Infinera synergies are ahead of plan, Optical Networks delivered 20% sales growth, a new product roadmap was unveiled (multi‑rail amplifier and modular optical engines), and a second indium‑phosphide fab in San Jose is set to ramp later this year to expand capacity.
- Management flagged ongoing risks — semiconductor/supply constraints and elongated order cycles, product‑mix headwinds, a 13% decline in Fixed Networks from deliberate portfolio pruning and elevated investment (CapEx/OpEx) that could weigh on near‑term margins and cash seasonality despite strong Q1 cash.
Nokia Stock Performance
Shares of NYSE:NOK traded up $0.15 on Friday, hitting $10.48. The company’s stock had a trading volume of 54,364,709 shares, compared to its average volume of 55,420,414. Nokia has a 12 month low of $4.00 and a 12 month high of $10.90. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 80.66, a price-to-earnings-growth ratio of 1.82 and a beta of 0.77. The stock’s 50-day moving average is $8.51 and its two-hundred day moving average is $7.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.58.
Nokia Increases Dividend
Nokia News Roundup
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Q1 results showed a marked AI/cloud revenue lift: comparable operating profit jumped ~54% and the company booked ~€1bn of orders from data‑center/AI customers, driven by Optical Networks and AI & Cloud sales. Nokia Oyj (NOK) Q1 2026 Earnings Call Highlights: Strong AI and Cloud Growth Amid Strategic Shifts
- Positive Sentiment: Management and analysts now see faster Network Infrastructure growth (company guiding ~12–14% and Optical Networks ~18–20% in some notes) and margin expansion potential as AI data‑center buildouts lift high‑margin optical sales. Nokia: Sleeping Giant Boosted By AI
- Positive Sentiment: Street reaction: Northland raised its price target to $13 (from $10), and retail flows pushed the shares to multi‑year highs as traders piled into the AI narrative. Analyst uplift and retail momentum support near‑term upside. Northland Lifts PT on Nokia Oyj (NOK), Cites AI Optical Connectivity Demand Acceleration
- Positive Sentiment: Market coverage and headlines highlight the company’s fiber/optical connectivity wins for hyperscalers — a clear revenue driver tied to the AI capex cycle. Nokia’s Fiber Optic Bet Is Paying Off as AI Hunger Lifts Earnings
- Neutral Sentiment: Q1 EPS broadly matched consensus ($0.06) while reported revenue and comparable profit metrics were stronger; results are interpreted as a beat on sales/profitability but EPS neutrality tempers immediate upside. Nokia (NOK) Q1 earnings / MarketBeat summary
- Neutral Sentiment: CEO commentary flagged a structural risk: Europe may lag the US/China in AI data‑center buildouts — a reminder that addressable market dynamics vary by region. This is longer‑term and not an immediate earnings shock. Europe risks falling behind US, China on AI data centre build-up, Nokia CEO says
- Negative Sentiment: Near‑term caution in company guidance: the Q2 revenue band sits around $5.5–$5.7B versus Street consensus near the top of that band, leaving limited upside to estimates and some execution risk if AI demand normalizes. Nokia Oyj 2026 Q1 – Results – Earnings Call Presentation
- Negative Sentiment: Operational headwinds remain (fixed‑networks softness and semiconductor supply constraints cited), which could limit upside to margins or slow some product rollouts. Nokia Oyj (NOK) Q1 2026 Earnings Call Highlights: Strong AI and Cloud Growth Amid Strategic Shifts
Wall Street Analysts Forecast Growth
NOK has been the subject of a number of recent research reports. Santander upgraded Nokia from a “neutral” rating to an “outperform” rating in a research note on Monday, February 2nd. Argus upgraded Nokia to a “hold” rating in a research note on Wednesday, February 11th. Arete Research downgraded Nokia from a “buy” rating to a “neutral” rating in a research note on Friday, March 13th. Morgan Stanley initiated coverage on Nokia in a research note on Monday, February 9th. They set an “overweight” rating and a $8.00 price objective for the company. Finally, Citigroup restated a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.83.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of NOK. Arrowstreet Capital Limited Partnership boosted its stake in Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock valued at $208,873,000 after buying an additional 14,482,665 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Nokia by 171.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after buying an additional 11,035,002 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Nokia by 8.7% during the first quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock valued at $66,140,000 after buying an additional 1,002,033 shares in the last quarter. Morgan Stanley boosted its stake in Nokia by 2.9% during the fourth quarter. Morgan Stanley now owns 11,608,634 shares of the technology company’s stock valued at $75,108,000 after buying an additional 328,106 shares in the last quarter. Finally, Defiance ETFs LLC bought a new position in Nokia during the fourth quarter valued at about $57,801,000. Institutional investors own 5.28% of the company’s stock.
Nokia Company Profile
Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.
Today Nokia’s core activities center on designing, building and supporting communications networks and related software.
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