NOKIA CORP (NOK) Form 6-K — Oct 22, 2026
Nokia's Q3 2026 results showed strong momentum, with net sales of EUR 5,154 million up 10% reported and comparable operating margin up 220bps to 11.7%. Comparable diluted EPS rose 50% to EUR 0.09, and AI & Cloud customer sales more than doubled year-over-year with EUR 1.5 billion in new orders. Network Infrastructure led the quarter with 15% constant-currency growth, powered by IP Networks (+43%) and Optical Networks (+18%). Reported operating margin fell to 3.8% due to accelerated restructuring charges of EUR 357 million, and free cash flow was negative EUR 99 million.
Key figures
- Eps
- 0.09
- Guidance
- FY2026 comparable operating profit EUR 2.1-2.6 billion, unchanged; combined Optical and IP Networks expected to grow 25-30% in 2027
- Net Income
- 156
- Revenue Yoy
- 10% reported / 9% constant currency
- Net cash
- EUR 2584 million
- Free cash flow q3
- negative EUR 99 million
- Dividend per share
- EUR 0.03
- Ai cloud new orders
- EUR 1.5 billion
- Ai cloud sales growth
- 123%
- Ip networks growth cc
- 43%
- Q3 restructuring charges
- EUR 357 million
- Comparable eps yoy growth
- 50%
- Optical networks growth cc
- 18%
- Reported operating margin q3
- 3.8% (-160bps y/y)
- Comparable operating margin q3
- 11.7% (+220bps y/y)
- Network infrastructure growth cc
- 15%
- Restructuring charges fy outlook
- EUR 1100 million
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