Nokia reports Q3 profit growth while Nokia stock trades at EUR 7.97
Published on 10/22/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI demand and quarterly results
- Nokia reported EUR 605 million in comparable operating profit for the third quarter of 2026 on October 22, 2026.
- AI and cloud customer sales grew 123 percent and related order intake reached EUR 1.5 billion in the third quarter of 2026.
- Nokia stock was trading at EUR 7.97 at 11:14 a.m. CEST at Lang & Schwarz on October 22, 2026.
- The next dividend record date is October 27, 2026, followed by payment on November 5, 2026.
Nokia (FI0009000681) reported EUR 605 million in comparable operating profit for the third quarter of 2026, up 35 percent from EUR 448 million a year earlier. The result exceeded the EUR 453 million average estimate cited by Reuters on October 22, 2026.
AI demand lifts network growth
The quarter showed why artificial intelligence infrastructure has become central to Nokia's growth story. Net sales rose 10 percent year over year to EUR 5.154 billion, compared with EUR 4.700 billion in the third quarter of 2025. Comparable operating margin increased to 11.7 percent from 9.5 percent, while reported operating margin fell to 3.8 percent because of restructuring and integration costs.
AI and cloud customer sales grew 123 percent year over year, and related order intake increased 118 percent to EUR 1.5 billion in the third quarter of 2026. Network Infrastructure net sales grew 15 percent on a constant currency basis, with IP Networks up 43 percent and Optical Networks up 18 percent, according to Nokia.
What does AI growth mean for margins?
The operating comparison is favorable on a comparable basis but more mixed in reported figures. Reported operating profit fell 22 percent year over year to EUR 196 million, while comparable operating profit rose 35 percent. Nokia kept its full-year 2026 comparable operating profit outlook at EUR 2.1 billion to EUR 2.6 billion and lowered its free cash flow conversion assumption to 35 percent to 55 percent as working capital investment rises by EUR 400 million.
Dividend dates set for November
Nokia's board resolved on October 22, 2026, to distribute a dividend of EUR 0.03 per share. The record date is October 27, 2026, and payment is scheduled for November 5, 2026, according to Nokia. The company plans to publish fourth-quarter and full-year 2026 results on January 28, 2027.
Stock price after the results
For investors, the key tension is visible in the gap between comparable improvement and reported restructuring pressure. Nokia's Q3 results also point to a larger role for data-center networking, while cash conversion and execution remain important constraints on the 2026 outlook.
Nokia stock was trading at EUR 7.97 at Lang & Schwarz on October 22, 2026 at 11:14 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Nokia stock.
Nokia stock facts
- Company: Nokia Corporation
- ISIN: FI0009000681
- Primary exchange: Nasdaq Helsinki
- Price Lang & Schwarz (as of October 22, 2026, 11:14 a.m. CEST): EUR 7.97
- Sector / Industry: Information technology and communications equipment
Market context: Market report Euro Stoxx 50.
