Nokia (NOK) Earnings: What to Expect This Quarter
Sep 6 00:07Nokia (NOK) is scheduled to report earnings on October 22, 2026. Analyst consensus expects Q3 revenue of approximately €5.06 billion and GAAP EPS of €0.044, reflecting persistent market focus on AI-driven infrastructure and industry competition. Investors will closely watch Nokia’s margins and cash flow in light of evolving telecom technology dynamics and recent restructuring efforts.
Nokia Business Overview
Nokia (NOK) reported robust growth in Q2 2026, with net sales rising 9% year-on-year and AI/cloud customer sales surging 105%. The anchor milestone was expanding optical manufacturing capacity via acquisition and restructuring. Network Infrastructure and optical communication remain the core growth engine, benefiting from heightened AI data center investment. Despite margin improvement, cash flow volatility and restructuring charges highlight ongoing macro and market tension amid cautious telecom capex and evolving enterprise demand.
Nokia Earnings Recap: Performance & Highlights
Nokia delivered Q2 2026 revenue of €4.881B, narrowly beating consensus expectations, with net sales up 9% YoY and strength in AI-driven optical and network infrastructure. However, EPS was flat versus a consensus of €0.051, mainly due to significant restructuring charges. While operational profits improved, net profit margin and ROE decreased sharply YoY. The stock recently bounced, with management highlighting continued supply and demand volatility.
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Nokia Price Target & Analyst Ratings
Wall Street analysts remain strongly bullish on Nokia, citing its rapid pivot toward AI-centric network infrastructure and accelerating demand from optical and cloud customers. Growth in network infrastructure and a robust pipeline of AI-driven orders underpin the positive outlook. Recent restructuring, ongoing cost discipline, and high-profile customer wins (including Google and NVIDIA investments) further support the investment thesis, despite near-term margin volatility from non-recurring charges.
Latest Nokia Earnings News
NEWNokia Set to Benefit from Nscale’s $45 Billion AI Compute Contract and Upcoming IPO
Nokia is positioned for a major catalyst as Nscale, in which it is both an investor and key network partner, secured a $45 billion, 6-year AI compute order from Anthropic and is targeting a $51 billion IPO in September. This development could significantly boost Nokia’s data center and optical networking business, with the Nscale deal highlighting Nokia’s growing role in the AI infrastructure supply chain.
Strong Analyst Upgrades and Options Activity Signal Rising Market Optimism
Analysts have upgraded Nokia to "Strong Buy" with a consensus target price of $17.92, and options trading remains highly active, with open interest near record highs and a surge in bullish call volumes. These trends reflect growing investor confidence in Nokia’s strategic pivot toward AI-driven growth and its expanding role in global data center infrastructure.
AI Analysis on Nokia (NOK)
Use AI-powered insights to analyze Nokia's latest earnings report, evaluate key financial metrics, and identify market trends following the release.
Nokia's Q2 2026 revenue grew by 9% year-over-year (YoY) to EUR 4.8B.
The results surpassed Wall Street consensus of approximately EUR 4.83B. This growth was primarily driven by strong demand for optical networking and rapid AI/cloud infrastructure expansion, although mobile infrastructure and customer concentration showed some pressure.
ⓘ AI-generated content does not constitute investment advice or guarantee accuracy. Use at your own risk or consult with a licensed advisor.
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FAQs about Nokia Earnings
Q1. When did Nokia last report earnings?
Nokia released its most recent financial results on July 23, 2026. This second-quarter report covered operational performance and net sales figures for the period ending June 30, 2026.
Q2. What is Nokia's Earnings Per Share (TTM)?
Trailing twelve-month earnings per share measures corporate profitability over four continuous quarters. For the second quarter of 2026, Nokia recorded an actual EPS of zero euros, heavily impacted by accelerated restructuring charges.
Q3. When is the next Nokia earnings date?
The company has not officially scheduled its next financial release date yet. Based on historical reporting patterns, investors can generally expect third-quarter results to be announced toward the end of October 2026.
Q4. What are Nokia's revenue forecasts for upcoming quarters?
Market analysts currently project third-quarter revenue for Nokia to reach approximately 5.06 billion euros. These consensus estimates reflect anticipated continued demand in network infrastructure and emerging data center technologies.
Q5. How did Nokia stock react to the company's latest earnings report?
Following the second-quarter report, the equity experienced a relatively muted response from investors. Market participants weighed strong network infrastructure revenue growth against heavy restructuring costs and a notable decline in operating margins.
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