Nokia (NOK) Projected to Announce Quarterly Earnings on Thursday

Key Points

• Nokia is expected to report Q3 2026 results before Thursday’s market open. Analysts forecast earnings of $0.08 per share and revenue of $5.73 billion; the company previously beat EPS estimates but missed revenue expectations.
• Nokia shares have fallen 4.9% and opened at $9.38, despite trading well above their 12-month low. Investor sentiment is mixed as the stock’s AI-related rally faces valuation concerns and pressure to demonstrate sustained growth.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $13.57. Recent business developments include strong 5G customer demand, a new 50G PON product for AI-driven connectivity, and the planned sale of its Enterprise Campus Edge unit.

Nokia (NYSE:NOK - Get Free Report) will likely be issuing its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect the company to announce earnings of $0.08 per share and revenue of $5.73 billion for the quarter. Investors may review the information on the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, October 22, 2026 at 4:30 AM ET.

Nokia (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Nokia had a return on equity of 9.83% and a net margin of 3.49%. The business had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. Nokia's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts expect Nokia to post $0.39 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.

Nokia Trading Down 4.9%

NOK opened at $9.38 on Thursday. The stock has a market capitalization of $53.83 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. Nokia has a twelve month low of $5.45 and a twelve month high of $17.45. The company has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $11.43.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Strong customer validation for Nokia’s 5G core technology: Eastlink completed a multi-million-dollar mobile core network modernization using Nokia’s 5G Standalone Core technology and committed an additional $12 million to network upgrades and new sites across Atlantic Canada. The announcement supports Nokia’s mobile-network positioning and could help reinforce demand among telecom operators. Eastlink completes state-of-the-art core mobile network upgrade
• Positive Sentiment: New 50G PON product targets AI-driven broadband demand: Nokia unveiled a Multi-PON line card supporting speeds of up to 50 Gbps, lower latency and quantum-safe security. The upgrade allows operators to increase fiber capacity incrementally without replacing entire systems, potentially creating opportunities as AI workloads increase network traffic. Can Nokia's Multi-PON Line Card Meet Growing AI Connectivity Demands?
• Neutral Sentiment: Portfolio simplification continues: Nokia agreed to sell its Enterprise Campus Edge business, which provides private wireless and edge solutions, to private-equity firm AURELIUS. The transaction is expected to close in the first half of 2027, subject to customary conditions. The sale should allow Nokia to focus capital on core networking businesses, although the immediate financial proceeds and earnings impact were not disclosed. Nokia sells Enterprise Campus Edge business to Aurelius
• Negative Sentiment: AI rally and valuation concerns are weighing on sentiment: Nokia’s shares remain substantially higher for the year after an AI-infrastructure surge, but analysts warn that the rally may depend heavily on growth in IP Networks, AI radio-access deployments and upcoming earnings. With the stock viewed as trading at a premium, investors may be taking profits until Nokia demonstrates that AI-related demand is translating into sustained revenue and profit growth. What To Do As Nokia Shares Trade In A Narrow Range

Wall Street Analysts Forecast Growth

NOK has been the topic of several recent analyst reports. Rosenblatt Securities began coverage on shares of Nokia in a research report on Tuesday, September 15th. They issued a "buy" rating and a $15.00 target price for the company. Barclays reaffirmed a "sell" rating on shares of Nokia in a report on Monday, June 29th. Jefferies Financial Group reiterated a "buy" rating on shares of Nokia in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Nokia in a research report on Monday, July 27th. Finally, Danske raised shares of Nokia from a "hold" rating to a "buy" rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.57.

About Nokia

Nokia Oyj is a Finland-based technology company that develops and supplies communications networking equipment, software and related services. Its offerings support mobile and fixed broadband networks, including radio access networks, core networks, fiber and other fixed-access technologies, IP routing, optical networking, private wireless systems, cloud networking and network automation.

The company serves telecommunications operators, governments, enterprises and other organizations worldwide.

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