Nokia (NOK)
NYSE:NOK
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution in Q1 with notable revenue and margin expansion, robust free cash flow, outsized AI & cloud demand (49% growth) and a significant upgrade to Network Infrastructure/Optical guidance. Management acknowledged supply constraints, order elongation and near-term margin/seasonality headwinds, but reported Infinera synergies ahead of plan and committed investments (fab and product roadmap) to capture a structural AI-driven market expansion. Overall, the positives — raised guidance, strong Optical performance, large new orders, margin improvement and healthy cash generation — outweigh the near-term operational and timing challenges.Company Guidance
Group Revenue and Margin Expansion
Net sales grew 4% year-on-year to EUR 4.5 billion. Gross profit was EUR 2.0 billion, with gross margin expanding 320 basis points to 45.5%. Operating profit was EUR 281 million, with operating margin improving by 200 basis points to 6.2%.
Strong Free Cash Flow and Net Cash Position
Delivered free cash flow of EUR 629 million in Q1 and ended the quarter with net cash of EUR 3.8 billion, providing balance-sheet flexibility.
AI & Cloud Momentum and Orders
AI and Cloud customer segment revenue grew 49% year-on-year. The company reported roughly EUR 1.0 billion in new orders in Q1 largely driven by Optical Networks. Book-to-bill for AI & Cloud was cited as very strong (management referenced ~3 in Q&A), and group-level book-to-bill was above 1.
Optical Networks Outperformance and Guidance Upgrade
Optical Networks net sales grew 20% in Q1, benefiting from Infinera synergies and hyperscaler demand. Nokia raised 2026 growth guidance for Network Infrastructure to 12–14% (from 6–8%) and for Optical + IP to 18–20% (from 10–12%).
Product Innovation and Roadmap Acceleration
Launched next-generation hyperscale multi-rail optical solution (shipping later in 2026) offering 8x increased fiber density and 25% higher density vs recent competitors. Announced a building-block optical architecture (4 engines, 13 application-optimized solutions) with sampling in H1 2027 and volume in H2 2027, claiming up to 70% TCO reduction for customers.
Infinera Integration and Synergy Progress
Integration of Infinera is delivering synergies that contributed to Optical margin improvement; management reports synergy capture ahead of their internal schedule and still targeting double-digit operating margins in Optical over time.
Mobile Infrastructure Stability and Software Strength
Mobile Infrastructure net sales grew 3%; Core Software grew 5% and delivered six competitive swaps in the quarter. Mobile Infrastructure gross margin improved 430 basis points to 48.5% (aided by a prior-year contract settlement) and operating margin rose to 8.9% (+380 bps).
Capital Investment to Secure Supply
Announced increased investment in Optical manufacturing including an indium phosphide facility in San Jose projected to begin ramping later in 2026, intended to support scaling and address supply constraints for high-growth optical demand.
NOK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NOK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $9.83 | $10.30 | +4.76% |
Jan 29, 2026 | $6.77 | $6.25 | -7.77% |
Oct 23, 2025 | $5.49 | $6.10 | +11.17% |
Jul 24, 2025 | $4.43 | $4.26 | -3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nokia (NOK) report earnings?
Nokia (NOK) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Nokia (NOK) earnings time?
Nokia (NOK) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOK EPS forecast?
NOK EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.
