Nokia stock falls 1.37 percent as Q3 results approach

Published on 10/07/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia stock faces an October 22, 2026 earnings checkpoint, with analysts forecasting EUR 5.05 billion in quarterly revenue. Q2 AI orders reached EUR 2.8 billion.

Fotorealistischer 5G-Antennenmast mit Technikkorb vor blauem Himmel — Nokia Oyj (FI0009000681) 5G-Antennenmast in fotorealistischer Aufnahme zeigt moderne Netzwerkausrüster-Technologie im Sonnenlicht, Illustration mit AI erstellt.

Nokia (ISIN FI0009000681) was trading at EUR 9.47 on Nasdaq Helsinki on October 7, 2026 at 2:34 p.m. EEST, down 1.37 percent from the prior close. According to finanzen.ch on October 7, 2026, Nokia is scheduled to publish its third-quarter results on October 22, 2026.

Q3 estimates set the next test

The same forecast points to quarterly revenue of EUR 5.05 billion and earnings per share of EUR 0.063, based on 20 analysts. Revenue would rise 4.57 percent from EUR 4.83 billion in the prior-year quarter, while estimated EPS would increase 530 percent from EUR 0.010.

The full-year analyst view is also higher than the prior year. According to finanzen.ch, 29 analysts forecast EUR 20.76 billion in annual revenue versus EUR 19.89 billion previously, alongside EPS of EUR 0.344 versus EUR 0.120.

AI orders meet restructuring costs

Nokia's Q2 2026 net sales reached EUR 4.815 billion, an 8 percent year-over-year increase. Comparable operating profit rose 18 percent to EUR 434 million from EUR 367 million, and the comparable operating margin improved to 9.0 percent from 8.3 percent, according to MetaTrader.

The comparable figures sit beside a reported operating loss of EUR 50 million after EUR 390 million of restructuring charges. AI and cloud order intake reached EUR 2.8 billion in Q2, while free cash flow was negative EUR 732 million. The contrast gives the October 22 report a clear task: show whether order growth is converting into profitable sales.

Satellite partnership broadens the story

Nokia also announced a partnership with ICEYE on October 1, 2026, to develop secure low Earth orbit satellite communications for governments and defense customers. Reuters reported that the first satellites are expected to launch in 2028.

Stock remains below its yearly high

At EUR 9.47, Nokia stock stood 36.87 percent below its 52-week high of EUR 15.00 and above its 52-week low of EUR 4.33 on October 7, 2026. The market capitalization was EUR 52.9 billion and volume reached 3,369,775 shares at the same timestamp.