Nokia (NOK) Earnings Dates, Call Summary & Reports

Q: When does Nokia (NOK) report earnings?

Nokia (NOK) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).

Q: What is Nokia (NOK) earnings time?

Nokia (NOK) earnings time is at Apr 23, 2026, Before Open (Confirmed).

Q: Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

Q: What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

Q: What is NOK EPS forecast?

NOK EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.

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Earnings Data

Report Date

Apr 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.05

Last Year’s EPS

0.03

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 6 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed cautious optimism. Nokia reported modest revenue growth, strong order momentum in Optical and AI & Cloud, multiple design wins and a solid cash position, and it set clear multi-year targets and strategic reorganizations (Infinera acquisition, Mobile Infrastructure, Nokia Defense). At the same time, the company faces near-term margin pressure from growth investments and acquisition/integration costs, restructuring cash outflows, Q1 seasonality headwinds, a notable decline and impairment in Nokia Technologies, and regional/contract-related pressures (e.g., North America). Overall the positives — strategic positioning for AI & cloud, product ramps, design wins, and healthy cash conversion — outweigh the near-term transitional challenges and costs.

Company Guidance

Nokia guided 2026 operating profit of EUR 2.0–2.5 billion, saying Network Infrastructure growth in 2026 should be in line with its 2025–2028 targets (6–8% CAGR overall and 10–12% for Optical+IP) and that Network Infrastructure operating margin should expand toward 13–17% by 2028 (versus 9.5% in 2025); Mobile Infrastructure is targeted to deliver at least EUR 1.5 billion of operating profit in 2026 (consistent with 2025), Portfolio Businesses (2025: EUR 850 million net sales, EUR 97 million operating loss) are expected to show a lower operating loss in 2026, and Group Common costs are forecast at ~EUR 150 million (vs EUR 190 million in 2025). Additional modelling assumptions include comparable financial income/expense of +EUR 50–150 million, a comparable tax rate around 26–27% with ~EUR 500 million of cash tax outflows, CapEx of EUR 900–1,000 million (to expand optical manufacturing), free cash flow conversion of 65–75% (2025: 72%), end‑Q4 net cash of EUR 3.4 billion, NSB integration run‑rate cost synergies of ~EUR 200 million with integration costs of ~EUR 350–400 million over 24–36 months, an expectation that Q1 2026 net sales will fall somewhat more than the historical ~24% sequential seasonal decline, and FX assumptions around USD/EUR ~1.18 (c. EUR 50 million operating profit sensitivity per EUR 0.02 move, ~half hedged).

Quarterly and Full-Year Revenue Growth

Q4 net sales of EUR 6.1 billion, up 3% year-over-year; full-year 2025 net sales EUR 19.9 billion, with full-year operating profit of EUR 2.0 billion (slightly above midpoint of guidance).

Strong Free Cash Flow and Net Cash Position

Q4 free cash flow of EUR 226 million; free cash flow conversion for 2025 of 72% (within guided 50%–80% range); ended Q4 with net cash of EUR 3.4 billion (including a EUR 0.9 billion NVIDIA equity investment).

Network Infrastructure Momentum

Network Infrastructure net sales grew 7% in Q4. Optical Networks grew strongly (reported 17% in the quarter) and book-to-bill for the segment was above 1, supported by AI & cloud demand.

AI & Cloud Customer Traction

AI & Cloud customers accounted for 16% of Q4 net sales and 30% of Optical Networks; the company reported EUR 2.4 billion of orders from AI & cloud customers in 2025.

Optical Product Ramp and Design Wins

800G ZR and ZR+ pluggable products are shipping with initial field performance positive; multiple design wins and supply into scale deployments with focus on ramping production.

IP Networking and Automation Advances

Launched 7220 IXR-H6 data center switching platform and Agentic AI event-driven automation (claimed to reduce network downtime by 96%); secured design win for next‑generation data center switching platform.

Strategic Portfolio and Organizational Moves

Acquisition of Infinera completed to strengthen optical capabilities; created Mobile Infrastructure segment (Core Software, Radio Networks, Technology Standards) and new Nokia Defense incubation unit to target defense and NATO opportunities.

Nokia Shanghai Bell and Expected Synergies

Closed transaction to take full ownership of Nokia Shanghai Bell; expects approximately EUR 200 million run-rate cost synergies and integration costs of EUR 350–400 million over 24–36 months.

Clear 2026 Targets and Multi-year KPIs

2026 operating profit target EUR 2.0–2.5 billion; Network Infrastructure CAGR target 6%–8% (2025–2028) and 10%–12% for combined Optical & IP; Network Infrastructure operating margin target 13%–17% by 2028; Mobile Infrastructure operating profit target at least EUR 1.5 billion.

Order and Partner Momentum for Core Software and Standards

Core Software won a 5G core deal with Telia and expanded Network as Code platform collaboration (over 75 partners, including 43 telcos); Technology Standards maintains ~EUR 1.4 billion contracted net sales run rate.

Nokia (NOK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NOK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	0.05 / -	0.034	―	―	―
Jan 29, 2026	2025 (Q4)	0.17 / 0.19	0.188	1.60% (<+0.01)
Oct 23, 2025	2025 (Q3)	0.06 / 0.07	0.065	7.69% (<+0.01)
Jul 24, 2025	2025 (Q2)	0.06 / 0.05	0.065	-27.69% (-0.02)
Apr 24, 2025	2025 (Q1)	0.05 / 0.03	0.096	-64.58% (-0.06)
Jan 30, 2025	2024 (Q4)	0.14 / 0.19	0.108	74.07% (+0.08)
Oct 17, 2024	2024 (Q3)	0.07 / 0.07	0.053	22.64% (+0.01)
Jul 18, 2024	2024 (Q2)	0.05 / 0.07	0.078	-16.67% (-0.01)
Apr 18, 2024	2024 (Q1)	0.08 / 0.10	0.066	45.45% (+0.03)
Jan 25, 2024	2023 (Q4)	0.13 / 0.11	0.174	-37.93% (-0.07)

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
Jan 29, 2026	$6.82	$6.29	-7.77%
Oct 23, 2025	$5.53	$6.14	+11.18%
Jul 24, 2025	$4.46	$4.29	-3.99%
Apr 24, 2025	$5.21	$4.77	-8.48%

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.