Schaeffers Research·Sep 15, 2026
Major Indexes Plummet as Yields Continue SurgeMajor indexes are moving lower once again as yields and the Federal Reserve meeting move into focus
Nokia's revenue stabilization around 2-6% growth, with Q2 2026 at 5.9%, is offset by persistent margin compression as gross margins fell from 49.7% in Q1 2024 to 44.6% in Q2 2026. The company's heavy R&D intensity (29% of revenue) and operating losses (-$50M i...
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Revenue growth stabilized at 5.9% in Q2 2026, but gross margin compression from 49.7% to 44.6% and an operating loss of -$50M highlight strained profitability.
Nokia is transitioning from a traditional 5G vendor to a key player in AI-native networks, edge AI, 6G, and telecom compute, leveraging AI/data center demand to offset weaker 5G spending.
Nokia has a buy consensus from 52 analysts, with a predicted stock price target of $15.28 by 2026, indicating significant upside potential.
Nokia is well-positioned to capitalize on emerging technologies like edge AI and data center networking, which could drive future growth beyond traditional telecom equipment.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $0.08+14.3% vs $0.07 | $5.5B-1.7% vs $5.6B |
Q2 2026 Apr 23, 2026 | $0.06+0.0% vs $0.06 | $5.3B-1.2% vs $5.3B |
Q1 2026 Jan 29, 2026 | $0.21+23.5% vs $0.17 | $7.3B+2.6% vs $7.1B |
Q4 2025 Oct 23, 2025 | $0.07+16.7% vs $0.06 | $5.7B-7.4% vs $6.1B |
Major indexes are moving lower once again as yields and the Federal Reserve meeting move into focus
NOK expands DDoS protection in Spain as ESpanix deploys Deepfield Defender across Madrid and Barcelona to secure more than 200 networks.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Markets are rattled ahead of Wednesday's Fed decision, and Wall Street analysts are making bold moves on names like Eli Lilly, Etsy, Northrop Grumman, and Rivian. Find out which stocks got upgraded, downgraded, or newly covered before the opening bell.
Benchmark NOK against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nokia Oyj (NOK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $10.95 | $63.5B | 86.76 | 3.48% | 3.27% | 3.12% | 1.45% | |
| $10.25 | $33.74B | 12.60 | -14.22% | 10.7% | 23.34% | — | |
| $111.46 | $439.31B | 33.47 | 11.77% | 20.95% | 27.39% | — | |
| $61.76 | $81.78B | -1384.64 | 14.06% | 6.57% | 10.85% | — | |
| $365.96 | $51.8B | 430.54 | 18.79% | 10.87% | 22.82% | — | |
| $36.20 | $8.93B | 241.33 | 8.39% | -2% | -3.16% | — |
Nokia Oyj (NOK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Nokia Oyj (NOK) stock FAQ — growth, dividends, profitability & financials explained
Nokia Oyj (NOK) reported $20.27B in revenue for fiscal year 2025. This represents a 199% increase from $6.79B in 1996.
Nokia Oyj (NOK) grew revenue by 3.5% over the past year. Growth has been modest.
Yes, Nokia Oyj (NOK) is profitable, generating $708.0M in net income for fiscal year 2025 (3.3% net margin).
Yes, Nokia Oyj (NOK) pays a dividend with a yield of 1.45%. This makes it attractive for income-focused investors.
Nokia Oyj (NOK) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.
Nokia Oyj (NOK) generated $536.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
