Nokia (NOK) Projected to Post Earnings on Thursday

Key Points

• Nokia is set to report Q1 2026 results before the market opens on Thursday, April 23, with analysts forecasting EPS of $0.0389 and revenue of $4.587 billion and a conference call at 4:30 AM ET.
• The stock pulled back about 3.3% amid elevated trading activity (74.6M vs ~52.7M average); it trades near $10 with a stretched valuation (P/E ~77), leaving it exposed to short-term reversals if earnings or guidance disappoint.
• Institutional buying and bullish industry coverage are rising—major funds have increased stakes, Bank of America upgraded the stock, and Nokia is expanding AI‑RAN partnerships (e.g., Orange/NVIDIA) and receiving recognition from ABI Research, contributing to a consensus of Moderate Buy.

Nokia (NYSE:NOK - Get Free Report) is expected to be posting its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect Nokia to post earnings of $0.0389 per share and revenue of $4.5870 billion for the quarter. Individuals are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, April 23, 2026 at 4:30 AM ET.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $0.11 earnings per share for the quarter. Nokia had a net margin of 3.41% and a return on equity of 8.54%. The company had revenue of $7.19 billion for the quarter. On average, analysts expect Nokia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nokia Stock Down 3.3%

NOK stock opened at $10.01 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. Nokia has a twelve month low of $4.00 and a twelve month high of $10.56. The company's 50 day moving average is $8.13 and its two-hundred day moving average is $6.92. The stock has a market cap of $57.47 billion, a P/E ratio of 76.99, a PEG ratio of 1.88 and a beta of 0.77.

Hedge Funds Weigh In On Nokia

A number of hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in shares of Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company's stock worth $208,873,000 after acquiring an additional 14,482,665 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company's stock valued at $113,161,000 after purchasing an additional 11,035,002 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Nokia by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company's stock valued at $66,140,000 after purchasing an additional 1,002,033 shares during the period. Morgan Stanley increased its holdings in shares of Nokia by 2.9% in the fourth quarter. Morgan Stanley now owns 11,608,634 shares of the technology company's stock valued at $75,108,000 after purchasing an additional 328,106 shares during the period. Finally, Defiance ETFs LLC acquired a new position in shares of Nokia in the fourth quarter valued at approximately $57,801,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Bank of America upgraded Nokia to Buy, citing strength in optical, AI infrastructure and Wi‑Fi/fiber offerings — a catalyst that has been driving investor interest. Article Title
• Positive Sentiment: Nokia expanded a strategic AI‑RAN initiative with Orange and NVIDIA to co‑create AI‑driven RAN use cases (spectral efficiency, predictive optimization, ISAC), reinforcing Nokia’s positioning in AI networking and hyperscaler/enterprise demand. Article Title
• Positive Sentiment: ABI Research named Nokia a leader in Network API platforms for internal exposure — an endorsement for Nokia’s software and API strategy as 5G Standalone adoption grows. Article Title
• Positive Sentiment: Nokia was highlighted by Jefferies and broader coverage as one of the better positioned “AI networking” or AI‑related tech names in Europe, which supports continued investor rotation into Nokia. Article Title
• Positive Sentiment: Nokia won a commercial CBRS/indoor deal with InfiniG, positioning it for enterprise private‑5G and future AI‑RAN deployments at the enterprise edge. Article Title
• Neutral Sentiment: Broker consensus has been lifting toward “Moderate Buy,” reflecting analyst momentum but not guaranteeing near‑term upside. Article Title
• Neutral Sentiment: Trading activity is elevated (74.6M vs avg ~52.7M), showing heavy interest and higher volatility after a large prior run‑up; upcoming earnings and guidance will be the next concrete catalysts.
• Negative Sentiment: Despite the positive headlines, shares pulled back today — likely profit‑taking and rotation after a strong multi‑month rally (large recent % gains). Valuation remains stretched (high P/E), which makes the stock vulnerable to short‑term reversals if execution or macro sentiment weakens. Article Title

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Nokia in a report on Monday, December 22nd. Citigroup reissued a "sell" rating on shares of Nokia in a report on Friday, January 23rd. Kepler Capital Markets raised shares of Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, January 7th. Santander raised shares of Nokia from a "neutral" rating to an "outperform" rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group raised shares of Nokia from a "sell" rating to a "neutral" rating in a report on Monday, March 30th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Nokia currently has an average rating of "Moderate Buy" and an average target price of $7.91.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia's core activities center on designing, building and supporting communications networks and related software.

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