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Nokia Earnings Calls
| Release date | Oct 23, 2025 |
| EPS estimate | $0.0600 |
| EPS actual | $0.0700 |
| EPS Surprise | 16.67% |
| Revenue estimate | 6.115B |
| Revenue actual | 5.661B |
| Revenue Surprise | -7.43% |
| Release date | Jul 24, 2025 |
| EPS estimate | $0.0700 |
| EPS actual | $0.0500 |
| EPS Surprise | -28.57% |
| Revenue estimate | 4.722B |
| Revenue actual | 5.353B |
| Revenue Surprise | 13.35% |
| Release date | Apr 24, 2025 |
| EPS estimate | $0.0500 |
| EPS actual | $0.0300 |
| EPS Surprise | -40.00% |
| Revenue estimate | 4.904B |
| Revenue actual | 4.813B |
| Revenue Surprise | -1.87% |
| Release date | Jan 30, 2025 |
| EPS estimate | $0.140 |
| EPS actual | $0.190 |
| EPS Surprise | 35.71% |
| Revenue estimate | 4.397B |
| Revenue actual | 6.196B |
| Revenue Surprise | 40.93% |
Last 4 Quarters for Nokia
Below you can see how NOK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jan 30, 2025 |
| Price on release | $4.70 |
| EPS estimate | $0.140 |
| EPS actual | $0.190 |
| EPS surprise | 35.71% |
| Date | Price |
|---|---|
| Jan 24, 2025 | $4.51 |
| Jan 27, 2025 | $4.50 |
| Jan 28, 2025 | $4.46 |
| Jan 29, 2025 | $4.44 |
| Jan 30, 2025 | $4.70 |
| Jan 31, 2025 | $4.60 |
| Feb 03, 2025 | $4.62 |
| Feb 04, 2025 | $4.72 |
| Feb 05, 2025 | $4.80 |
| 4 days before | 4.21% |
| 4 days after | 2.13% |
| On release day | -2.13% |
| Change in period | 6.43% |
| Release date | Apr 24, 2025 |
| Price on release | $4.86 |
| EPS estimate | $0.0500 |
| EPS actual | $0.0300 |
| EPS surprise | -40.00% |
| Date | Price |
|---|---|
| Apr 17, 2025 | $5.11 |
| Apr 21, 2025 | $5.07 |
| Apr 22, 2025 | $5.28 |
| Apr 23, 2025 | $5.31 |
| Apr 24, 2025 | $4.86 |
| Apr 25, 2025 | $4.99 |
| Apr 28, 2025 | $4.91 |
| Apr 29, 2025 | $4.97 |
| Apr 30, 2025 | $4.99 |
| 4 days before | -4.89% |
| 4 days after | 2.67% |
| On release day | 2.67% |
| Change in period | -2.35% |
| Release date | Jul 24, 2025 |
| Price on release | $4.34 |
| EPS estimate | $0.0700 |
| EPS actual | $0.0500 |
| EPS surprise | -28.57% |
| Date | Price |
|---|---|
| Jul 18, 2025 | $4.75 |
| Jul 21, 2025 | $4.75 |
| Jul 22, 2025 | $4.46 |
| Jul 23, 2025 | $4.52 |
| Jul 24, 2025 | $4.34 |
| Jul 25, 2025 | $4.33 |
| Jul 28, 2025 | $4.26 |
| Jul 29, 2025 | $4.18 |
| Jul 30, 2025 | $4.11 |
| 4 days before | -8.63% |
| 4 days after | -5.30% |
| On release day | -0.230% |
| Change in period | -13.47% |
| Release date | Oct 23, 2025 |
| Price on release | $6.17 |
| EPS estimate | $0.0600 |
| EPS actual | $0.0700 |
| EPS surprise | 16.67% |
| Date | Price |
|---|---|
| Oct 17, 2025 | $5.74 |
| Oct 20, 2025 | $5.71 |
| Oct 21, 2025 | $5.58 |
| Oct 22, 2025 | $5.55 |
| Oct 23, 2025 | $6.17 |
| Oct 24, 2025 | $6.30 |
| Oct 27, 2025 | $6.36 |
| Oct 28, 2025 | $7.77 |
| Oct 29, 2025 | $7.33 |
| 4 days before | 7.49% |
| 4 days after | 18.80% |
| On release day | 2.11% |
| Change in period | 27.70% |
Nokia Earnings Call Transcript Summary of Q3 2025
Nokia reported a solid Q3 2025 in line with expectations: group net sales grew 9% with all business groups contributing. Order intake was strong—notably in Optical and IP Networks—driven by hyperscalers, AI and cloud customers. The Infinera acquisition is integrating ahead of schedule and contributing to sales, orders and initial synergies. Group gross margin dipped due to product mix (notably lower software mix in Mobile Networks); operating margin declined year‑on‑year largely because of a prior-year one‑time receivables reversal (adjusted operating margin would be roughly flat). Cloud & Network Services delivered strong sales and margin improvement, and Nokia claims market share leadership in 5G standalone core deployments outside China. Nokia ended the quarter with approximately EUR 3.0 billion net cash and generated positive free cash flow. Management reiterated full‑year outlook: Q4 sales expected to grow sequentially slightly above historical seasonality and they are tracking to the midpoint of the EUR 1.7–2.2 billion operating profit range. Strategic themes: accelerating focus on AI/cloud (hyperscalers and sovereign clouds), disciplined capital allocation (scaling down passive venture fund activity), and a shift from episodic large restructurings to continuous productivity and IT simplification to capture ~EUR 450m in cost savings in 2025. Capital Markets Day on Nov 19 will provide more detail on portfolio focus, long‑term tech/6G positioning and optical/IP growth plans.
