Research Analysts Set Expectations for Nokia FY2026 Earnings

Key Points

• Northland raised FY2026 EPS to $0.42 (from $0.41) and sees Q4 FY2026 at $0.20, versus a MarketBeat consensus of $0.34, reflecting modest upward estimate revisions.
• AI-driven revenue beat: Nokia reported Q4 revenue above estimates driven by AI/data‑center customers and strategic partnerships (including ties to NVIDIA), which could expand its addressable market beyond traditional telecom equipment.
• Profitability and sentiment risks: Operating profit fell ~29% YoY and EPS ~25% due to higher costs, prompting mixed analyst ratings and a consensus target of $6.77 amid concerns over margins and higher opex/CAPEX.

Nokia Corporation (NYSE:NOK - Free Report) - Northland Securities raised their FY2026 EPS estimates for shares of Nokia in a note issued to investors on Friday, January 30th. Northland Securities analyst T. Savageaux now forecasts that the technology company will post earnings per share of $0.42 for the year, up from their previous forecast of $0.41. The consensus estimate for Nokia's current full-year earnings is $0.34 per share. Northland Securities also issued estimates for Nokia's Q4 2026 earnings at $0.20 EPS.

NOK has been the subject of several other research reports. Wall Street Zen cut Nokia from a "buy" rating to a "hold" rating in a research note on Sunday, November 30th. New Street Research set a $6.57 target price on Nokia in a report on Thursday, November 20th. Santander lowered shares of Nokia to a "neutral" rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nokia in a research note on Monday, December 22nd. Finally, Citigroup reissued a "sell" rating on shares of Nokia in a research note on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.77.

Nokia Stock Performance

NYSE NOK opened at $6.43 on Monday. The company has a market capitalization of $36.89 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.18 and a beta of 0.81. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Nokia has a twelve month low of $4.00 and a twelve month high of $8.19. The stock has a fifty day simple moving average of $6.42 and a 200 day simple moving average of $5.58.

Hedge Funds Weigh In On Nokia

Several institutional investors have recently made changes to their positions in the stock. Wexford Capital LP acquired a new stake in shares of Nokia in the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC boosted its holdings in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company's stock worth $30,000 after acquiring an additional 4,684 shares in the last quarter. Dorato Capital Management acquired a new stake in Nokia in the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nokia during the third quarter valued at approximately $34,000. Finally, Spire Wealth Management raised its position in shares of Nokia by 239.6% during the fourth quarter. Spire Wealth Management now owns 6,242 shares of the technology company's stock worth $40,000 after purchasing an additional 4,404 shares during the period. Institutional investors and hedge funds own 5.28% of the company's stock.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Strong top-line beat driven by AI and cloud customers: Nokia reported Q4 revenue of $7.19B (ahead of estimates) and management highlighted sharp sales growth from AI/data-center customers — a key growth narrative investors like. WSJ: Nokia Reports Jump In Sales
• Positive Sentiment: Strategic AI partnerships and positioning: Coverage notes Nokia’s AI initiatives (including AI‑RAN work and ties to NVIDIA) that could expand addressable market beyond traditional telecom equipment. Analysts and bulls see this as underappreciated upside. Seeking Alpha: Nvidia Bet Highlights AI Opportunity
• Positive Sentiment: Analyst and institutional interest: Recent analyst “Overweight/Buy” notes and sizable institutional buys reported in filings provide support for the stock’s recovery narrative. QuiverQuant: Q4 Earnings & Institutional Activity
• Neutral Sentiment: Reorganization and reporting changes: Nokia recast segment results and started a two‑segment reporting structure (effective 2026) to align with its AI‑era strategy — useful for transparency but a transitional factor for modeling. GlobeNewswire: Recast Segment Results
• Neutral Sentiment: Board/management changes announced: Chair Sari Baldauf will step down with vice-chair Timo Ihamuotila succeeding; a managers’ transaction filing was published — governance transition that investors will watch but not immediately material. MSN: Chair Steps Down GlobeNewswire: Managers' transactions
• Negative Sentiment: Profitability and margin pressures: Despite revenue growth, operating profit and EPS fell (operating profit down ~29% YoY; EPS declined ~25%) due to higher costs, which is a key near‑term concern for valuation. QuiverQuant: Earnings Detail
• Negative Sentiment: Softer guidance / market reaction: Some commentary and analyst notes flagged softer forward commentary and higher opex/CAPEX expectations; the stock was also caught in a broader AI-stock selloff that amplified downside pressure. The Motley Fool: Why Stock Was Down
• Negative Sentiment: Investors focused on near-term execution: Coverage notes that while the AI opportunity is real, the market is parsing margin recovery, cash flow trajectory and whether partnerships (e.g., Nvidia) translate quickly into durable profit growth. SDxCentral: Financials Analysis

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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