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Inferra AI / Company / NOK

Nokia

NOK · Information Technology

Last earnings Oct 22, 2026

Key results

Revenuequarter

5%

· Mobile Infrastructure net sales grew 5% y-o-y, in part due to acceleration of revenue from Q4 into Q3.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Gross marginquarter

44.6%

· Q3 comparable gross margin was largely stable y-o-y at 44.6%.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Reported gross marginquarter

42.2%

Reported gross margin declined 220bps to 42.2%.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Operating marginquarter

11.7%

· Q3 comparable operating margin increased 220bps y-o-y to 11.7% benefiting from revenue growth and operating efficiency.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Reported operating marginquarter

3.8%

Reported operating margin declined 160bps to 3.8% due to accelerated restructuring and integration cost.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

In Q3, we grew net sales by 9% and improved comparable operating margin by 220 basis points.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Free cash flowquarter

35%

Free cash flow conversion from comparable operating profit 35% to 55% (update) Nokia is lowering its FCF conversion assumption due to investments the company is making in working capital during 2026 to secure supply and support the growth opportunity in 2027 along with accelerated restructuring.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

▪ Mobile Infrastructure net sales grew 5% y-o-y, in part due to acceleration of revenue from Q4 into Q3.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

AI analysis

Latest earnings event · reported Oct 22, 2026

Based on: Earnings release — transcript not held

Gross margin ·
44.6%
6-K · Oct 22, 2026
Reported gross margin ·
42.2%
-3.8 pts vs prior quarter computed from stated figures
6-K · Oct 22, 2026
Operating margin ·
11.7%
+2.7 pts vs prior quarter computed from stated figures
6-K · Oct 22, 2026
Reported operating margin ·
3.8%
-5.2 pts vs prior quarter computed from stated figures
6-K · Oct 22, 2026

Headline figures

MetricLatest earnings eventPrior qtrYear ago
Revenue5%——
Gross margin44.6%46.0%—
Reported gross margin42.2%46.0%—
Operating margin11.7%9.0%—
Reported operating margin3.8%9.0%—
Free cash flow35%——

6-K · Oct 22, 2026

Guidance · company-stated

Direction: Raised

Company outlook — Reiterated

“· Nokia's full year financial outlook is unchanged.”

Company outlook — Raised

“Comparable operating profit: Nokia assumes a typically strong q-o-q increase in operating profit in Q4 to deliver full year operating profit above the mid-point of our comparable operating profit outlook.”

Company outlook — Raised

“Comparable financial income and expenses Positive EUR 300 to 400 million (update) Strong income from Nokia's venture fund investments is leading to an increase in the outlook assumption for 2026.”

Company outlook — Reiterated

“▪ Nokia's full year financial outlook is unchanged.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin44.6%
Reported gross margin42.2%
Operating margin11.7%
Reported operating margin3.8%

Cash flow & capex

Free cash flow35%

Capital allocation

SHAREHOLDER DISTRIBUTION Dividend Under the authorization by the Annual General Meeting held on 9 April 2026, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2025.

The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason.

Company-stated claims

Oct 22, 2026

Historical · grew 123% · subscribers_users

“Group net sales to AI & Cloud customers grew 123% and order intake 118%.”

6-K · Oct 22, 2026
Oct 22, 2026

Historical · doubled · backlog_orders

“In AI & Cloud, net sales more than doubled year-over-year and we secured EUR 1.5 billion in new orders.”

6-K · Oct 22, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated October 22, 2026 (Commission File No

Based on: Earnings release — transcript not held

Guidance & outlook

Direction: Raised

Company outlook — Reiterated (“unchanged”)
“· Nokia's full year financial outlook is unchanged.”

Company outlook — Raised (“increase”)
“Comparable operating profit: Nokia assumes a typically strong q-o-q increase in operating profit in Q4 to deliver full year operating profit above the mid-point of our comparable operating profit outlook.”

Company outlook — Raised (“increase”)
“Comparable financial income and expenses Positive EUR 300 to 400 million (update) Strong income from Nokia's venture fund investments is leading to an increase in the outlook assumption for 2026.”

Company outlook — Reiterated (“unchanged”)
“▪ Nokia's full year financial outlook is unchanged.”

Company outlook — Raised (“increase”)
“Comparable operating profit: Nokia assumes a typically strong q-o-q increase in operating profit in Q4 to deliver full year operating profit above the mid-point of our comparable operating profit outlook.”

Company outlook — Raised (“increase”)
“Comparable financial income and expenses Positive EUR 300 to 400 million (update) Strong income from Nokia's venture fund investments is leading to an increase in the outlook assumption for 2026.”

Classified from the release's primary full-year outlook statement.

Capital allocation

SHAREHOLDER DISTRIBUTION Dividend Under the authorization by the Annual General Meeting held on 9 April 2026, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2025.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

On 22 October 2026, the Board resolved to distribute a dividend of EUR 0.03 per share.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

The dividend record date is 27 October 2026 and the dividend will be paid on 5 November 2026.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Shareholder distribution Dividend Under the authorization by the Annual General Meeting held on 9 April 2026, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2025.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Strategy & priorities

"Team Nokia continues to deliver on our commitments as we execute against our strategy.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

The summary focuses on Nokia Group's financial information as well as on Nokia's outlook.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Nokia's optical manufacturing expansion plans remain on-track, this only relates to timing of some cash payments.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Restructuring and associated charges related to cost savings programs EUR 1 100 million (update) Nokia has increased the scale of some of its restructuring programs as it accelerates efforts to simplify the company's operations and location strategy and increase operating leverage in the business going forward.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

"Team Nokia continues to deliver on our commitments as we execute against our strategy.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Risks & headwinds

The outlook and the underlying outlook assumptions are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this release.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

4 STOCK EXCHANGE RELEASE 22 October 2026 RISK FACTORS Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to: · Competitive intensity, which is expected to continue at a high level as some competitors seek to take share; · Changes in customer network investments related to their ability to monetize the network or opportunities related to AI and data center growth; · Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments; · Our ability to procure or manufacture certain components (e.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

The outlook and the underlying outlook assumptions are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this report.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Operating margin — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Nokia — Earnings release (6-K report)6-KOct 22, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology
Documents

Filings

60 documents

Earnings releases

3 documents

Presentations

0 documents

No presentations for Nokia are held in this edition of the library.

Transcripts

0 documents

No transcripts for Nokia are held in this edition of the library.

Mentioned by

7 companies

Other tracked companies whose held documents mention Nokia by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.