Nokia/$NOK
Nokia shares fall as investors focus on its reduced free-cash-flow conversion outlook and higher restructuring costs, despite a Q3 earnings beat, with broader weakness in technology stocks adding pressure.
4 hours agoLightyear AI
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Capital at risk
About Nokia
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
- Ticker
- $NOK
- Sector
- Communication
- Primary listing
- NYSE
- Employees
- 78,005
- Headquarters
- Espoo, Finland
- Website
- www.nokia.com
Nokia Metrics
BasicAdvanced
$52B
69.11
$0.13
0.73
$0.11
1.35%
Price and volume
Market cap
$52B
Beta
0.73
52-week high
$17.45
52-week low
$5.45
Average daily volume
81M
Dividend rate
$0.11
Financial strength
Current ratio
1.505
Quick ratio
1.22
Long term debt to equity
0.126
Total debt to equity
0.158
Dividend payout ratio (TTM)
108.62%
Interest coverage (TTM)
8.36%
Profitability
EBITDA (TTM)
2,929.192
Gross margin (TTM)
45.50%
Net profit margin (TTM)
3.47%
Operating margin (TTM)
8.97%
Effective tax rate (TTM)
32.96%
Revenue per employee (TTM)
$292,350
Management effectiveness
Return on assets (TTM)
3.12%
Return on equity (TTM)
3.45%
Valuation
Price to earnings (TTM)
69.106
Price to revenue (TTM)
2.228
Price to book
2.17
Price to tangible book (TTM)
3.35
Price to free cash flow (TTM)
84.926
Free cash flow yield (TTM)
1.18%
Free cash flow per share (TTM)
0.109
Dividend yield (TTM)
1.18%
Forward dividend yield
1.35%
Growth
Revenue change (TTM)
7.04%
Earnings per share change (TTM)
-35.26%
3-year revenue growth (CAGR)
-6.19%
10-year revenue growth (CAGR)
1.41%
3-year earnings per share growth (CAGR)
-45.54%
10-year earnings per share growth (CAGR)
-1.76%
3-year dividend per share growth (CAGR)
5.27%
10-year dividend per share growth (CAGR)
-1.33%
What the Analysts think about Nokia
Analyst ratings (Buy, Hold, Sell) for Nokia stock.
Analyst projections of the future price of Nokia stock.
Bulls say / Bears say
AI and cloud sales rose 123% and orders climbed 118% to €1.5 billion. Nokia expects combined optical and IP network sales to grow 25% to 30% in 2027. (Nokia)
Comparable operating profit rose 35% to €605 million and the margin expanded by 2.2 percentage points to 11.7%, showing stronger operating leverage. (Nokia)
Nokia expects to complete the Infinera integration by the end of 2026, a year ahead of plan, and deliver €200 million in net synergies. This could strengthen returns from its enlarged optical business. (Nokia)
Reported operating profit fell 22% and the reported operating margin slipped to 3.8%. Nokia also raised its expected 2026 restructuring charges to €1.1 billion, keeping near-term earnings under pressure. (Nokia)
Nokia cut its 2026 free-cash-flow conversion outlook to 35%–55% and expects €800 million to €900 million of restructuring cash outflows, alongside an extra €400 million investment in working capital. Cash generation could lag reported operating progress. (Nokia)
AI and cloud customers accounted for nearly all of Nokia’s Q3 revenue growth: excluding them, sales would have risen only 2%. That leaves growth exposed to a concentrated investment cycle. (Light Reading)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
Nokia Financial Performance
Revenues and expenses
Nokia Earnings Performance
Company profitability
Upcoming events
No upcoming events
Nokia News
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Funds containing Nokia
Fund name | Fund size | $NOK weighting |
|---|---|---|
VanEck Quantum Computing€QUTM | $812M | 3.74% |
Vaneck Quantum Computing£QNTG | $812M | 3.74% |
Global X Artificial Intelligence£AIQG | $88M | 0.43% |
Global X Artificial Intelligence$AIQU | $88M | 0.43% |
iShares Edge MSCI World Minimum Volatility$MVOL | $2.6B | 0.00% |
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