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Nokia Oyj provides networking hardware and infrastructure solutions critical for data centers and cloud computing in the AI ecosystem.

Snapshot
Country FIN FIN
ExchangeNasdaq HEL
AI Layer infra
Category 3.40 Networking Hardware & Silicon
Sentiment 48.5%
USD Mkt Cap62.08B
USD Revenue23.66B
USD Net Income814.37M
P/E79.65
fwd P/E23.56
PEG0.92
Price 3M-25.1%
Price 6M+29.6%
Price 1Y+146.5%
Price 2Y+158.0%
USD Share Price10.78
Price History
Price & Size
Price 9.56 EUR
Market Cap 53.51B EUR
Shares Outstanding 5.60B
Shares Float 4.45B
52w Low 3.81 EUR
52w High 15.00 EUR
Avg Volume 15.02M
Valuation
P/E (trailing) 79.7x
P/E (forward) 23.6x
P/B 2.52x
Enterprise Value 51.84B EUR
Book Value / Share 3.79 EUR
PEG Ratio 0.92x
P/S 2.62x
EV / Revenue 2.54x
EV / EBITDA 19.90x
Income
Revenue 20.39B EUR
Revenue / Share 3.69 EUR
EBITDA 2.60B EUR
Net Income 702.00M EUR
EPS (trailing) 0.12 EUR
EPS (forward) 0.41 EUR
Margins & Profitability
Gross Margin 45.5%
Operating Margin 7.9%
Profit Margin 3.5%
EBITDA Margin 12.8%
Return on Equity 3.5%
Return on Assets 3.1%
Growth
Revenue Growth 8.4%
Earnings Growth -97.9%
Cash & Debt
Total Cash 5.13B EUR
Total Debt 3.36B EUR
Free Cash Flow 1.18B EUR
Operating Cash Flow 1.13B EUR
Debt / Equity 0.16x
Current Ratio 1.50x
Quick Ratio 1.22x
Dividend
Rate 0.14 EUR
Yield 1.5%
Payout Ratio 116.7%
Ex-Date 2026-07-27
Risk
Beta 0.77
Analyst Consensus
Target (Mean) 10.58 EUR
Target (Median) 11.05 EUR
Target (High) 18.00 EUR
Target (Low) 4.65 EUR
Recommendation hold
# Analysts 22
Identifiers
ISINFI0009000681
FIGIBBG000BBWZ54
SEDOL5902941
Sentiment 48.5%
Positive drivers

Nokia secured several new 5G and optical network contracts in Europe during the period, supporting revenue visibility. The company highlighted progress in AI-optimized network management tools, attracting positive analyst commentary. Cost-cutting measures continued to improve operating margins ahead of expectations.

Neutral / mixed

Overall telecom equipment spending remained flat amid cautious carrier capex, limiting upside. Currency fluctuations and supply chain normalization created mixed quarterly results without clear directional momentum. Regulatory approvals for spectrum auctions progressed slowly across key markets.

Negative drivers

Intense competition from Huawei and Ericsson eroded market share in several regions, pressuring pricing. Delayed 6G R&D milestones raised concerns about long-term technological leadership. Macroeconomic uncertainty in emerging markets weighed on order backlogs.

Bottom line

Sentiment for Nokia remains slightly negative with limited catalysts in the 30-day window. Investors appear to be waiting for clearer signs of demand recovery and competitive differentiation before shifting to a more constructive stance.