Nokia Oyj logo

Nokia Oyj

NOK

NYSETechnologyCommunication Equipment

Regular session

$9.925

−$0.285 · -2.79%

Aug 24, 1:41 PM ET

NOK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

52

Fair Value

Momentum

48

Neutral

Sentiment

64

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

Nokia Oyj stands as a global technology leader, delivering comprehensive network infrastructure and solutions across mobile, fixed, and cloud domains. Its operations are structured into four primary divisions: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment furnishes radio access network technologies, spanning from 2G to 5G, alongside crucial microwave radio links for transport. Within Network Infrastructure, Nokia provides fixed access solutions such as fiber and copper, coupled with cloud and virtualization services. This segment also encompasses a robust Wi-Fi portfolio, featuring mesh solutions and cloud-based controllers, as well as sophisticated IP routing solutions for aggregation, edge, and core applications tailored for residential, business, mobile, and industrial sectors. Its extensive optical network offerings include coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems designed for metro access, data center interconnect, regional, and long/ultra-long-haul applications. Additionally, Nokia provides capabilities for submarine networks. The Cloud and Network Services division delivers business application software, advanced cloud and cognitive services, core network software, and specialized enterprise solutions. Through Nokia Technologies, the company engages in licensing its valuable intellectual property, encompassing patents, various technologies, and the iconic Nokia brand, in addition to offering hardware, software, and related services. Serving a diverse clientele, Nokia's customers include communications service providers, major internet companies (webscales and hyperscalers), digital industries, and governmental entities. Nokia Oyj was founded in 1865 and maintains its headquarters in Espoo, Finland.

Industry
Communication Equipment
Sector
Technology
Headquarters
FI
CEO
Justin Hotard
Listed since
Jul 1, 1994
Employees
78,434

Market position

Day range

Current $9.925

52-week range

Current $9.925

Open
$9.98
Previous close
$10.21
Volume
32.6M
0.31× average
Average volume
104.89M
Average daily volume
Market cap
53.6B USD
Beta
0.79
Market reference 1
50-day average
$11.3242
-12.36% below average
200-day average
$9.4423
+5.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
29.57B EUR
P/E (TTM)
67.67×
P/B (TTM)
2.27×
P/S (TTM)
2.36×
EV / EBITDA
13.13×
Earnings yield
2.18%
Free cash flow yield
4.91%
Dividend yield
1.63%

Profitability & efficiency

Gross margin
44.62%
Operating margin
8.27%
Net margin
4.65%
Return on equity
3.11%
Return on assets
1.73%
Return on invested capital
1.89%

Financial health

Debt / equity
0.16×
Current ratio
1.58×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends50%33%16%-1%Gross margin, FY2021: 39.79%Gross margin, FY2022: 42.51%Gross margin, FY2023: 40.43%Gross margin, FY2024: 46.12%Gross margin, FY2025: 43.54%Operating margin, FY2021: 9.72%Operating margin, FY2022: 10.29%Operating margin, FY2023: 6.95%Operating margin, FY2024: 8.27%Operating margin, FY2025: 3.93%Net margin, FY2021: 7.31%Net margin, FY2022: 17.89%Net margin, FY2023: 3.15%Net margin, FY2024: 6.64%Net margin, FY2025: 3.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 39.79%. Gross margin FY2022 42.51%. Gross margin FY2023 40.43%. Gross margin FY2024 46.12%. Gross margin FY2025 43.54%. Operating margin FY2021 9.72%. Operating margin FY2022 10.29%. Operating margin FY2023 6.95%. Operating margin FY2024 8.27%. Operating margin FY2025 3.93%. Net margin FY2021 7.31%. Net margin FY2022 17.89%. Net margin FY2023 3.15%. Net margin FY2024 6.64%. Net margin FY2025 3.27%.

Income trends

Revenue

19.89B EUR+3.48%

Operating income

782M EUR-50.82%

Net income

651M EUR-49.02%
Income trends across reported periods26.07B EUR16.83B EUR7.58B EUR−1.66B EURRevenue, FY2021: 22.2B EURRevenue, FY2022: 23.76B EURRevenue, FY2023: 21.14B EURRevenue, FY2024: 19.22B EURRevenue, FY2025: 19.89B EUROperating income, FY2021: 2.16B EUROperating income, FY2022: 2.44B EUROperating income, FY2023: 1.47B EUROperating income, FY2024: 1.59B EUROperating income, FY2025: 782M EURNet income, FY2021: 1.62B EURNet income, FY2022: 4.25B EURNet income, FY2023: 665M EURNet income, FY2024: 1.28B EURNet income, FY2025: 651M EURFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 22.2B EUR. Revenue FY2022 23.76B EUR. Revenue FY2023 21.14B EUR. Revenue FY2024 19.22B EUR. Revenue FY2025 19.89B EUR. Operating income FY2021 2.16B EUR. Operating income FY2022 2.44B EUR. Operating income FY2023 1.47B EUR. Operating income FY2024 1.59B EUR. Operating income FY2025 782M EUR. Net income FY2021 1.62B EUR. Net income FY2022 4.25B EUR. Net income FY2023 665M EUR. Net income FY2024 1.28B EUR. Net income FY2025 651M EUR.
Metric (EUR)FY2025FY2024FY2023FY2022FY2021
Revenue19.89B EUR19.22B EUR21.14B EUR23.76B EUR22.2B EUR
Cost of goods sold11.23B EUR10.36B EUR12.59B EUR13.66B EUR13.37B EUR
Gross profit8.66B EUR8.86B EUR8.55B EUR10.1B EUR8.83B EUR
Research and development4.86B EUR4.51B EUR4.28B EUR4.5B EUR4.21B EUR
Selling, general, and administrative3.07B EUR2.87B EUR2.86B EUR2.96B EUR2.79B EUR
Operating expenses7.88B EUR7.27B EUR7.08B EUR7.66B EUR6.68B EUR
Interest income354M EUR324.51M EUR237.85M EUR86.18M EUR57.92M EUR
Interest expense219M EUR360.2M EUR303.79M EUR270.1M EUR281.31M EUR
Depreciation and amortization1.12B EUR1.01B EUR1.09B EUR1.14B EUR1.1B EUR
Operating income782M EUR1.59B EUR1.47B EUR2.44B EUR2.16B EUR
Net income651M EUR1.28B EUR665M EUR4.25B EUR1.62B EUR

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.11
FY2025 · -52.17% year over year
Latest fiscal-year revenue
19.89B EUR
FY2025 · +3.48% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.810.560.30.05FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend24.22B22.4B20.58B18.77BFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

52 ratings
Strong buy00%
Buy3160%
Hold1631%
Sell510%
Strong sell00%

NOK news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.1568

2025 complete year+39.8% since 2019

2026 partial: $0.1289

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 28, 2026

$0.0462

Quarterly

Record Jul 28, 2026 · Payment Aug 11, 2026

Dividend

Ex-dividend Apr 28, 2026

$0.0471

Quarterly

Record Apr 28, 2026 · Payment May 12, 2026

Dividend

Ex-dividend Feb 3, 2026

$0.0356

Quarterly

Record Feb 3, 2026 · Payment Feb 18, 2026

Dividend

Ex-dividend Oct 28, 2025

$0.0346

Quarterly

Record Oct 28, 2025 · Payment Nov 12, 2025

Dividend

Ex-dividend Jul 29, 2025

$0.0466

Quarterly

Record Jul 29, 2025 · Payment Aug 12, 2025

Dividend

Ex-dividend May 5, 2025

$0.0445

Quarterly

Record May 5, 2025 · Payment May 15, 2025

NOK peers

ETFs holding NOK

Funds reporting this stock among their holdings, ordered by reported position size.

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