Nokia stock: Inderes forecasts EUR 5.00 billion third-quarter revenue for Nokia stock

Published on 10/20/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia guides comparable 2026 operating profit to EUR 2.10-2.60 billion. Nokia stock costs EUR 7.97 on October 20, 2026, down 4.34 percent versus the Xetra close.

Analyst forecast and dates

Inderes forecasts Nokia's third-quarter revenue at EUR 5.00 billion, up 7.00 percent year over year, on October 19, 2026.
Nokia's comparable 2026 operating profit guidance stands at EUR 2.10-2.60 billion.
Nokia stock costs EUR 7.97 at Lang & Schwarz on October 20, 2026 at 3:18 p.m. CEST, 4.34 percent below the Xetra close of October 19, 2026.
Nokia will publish third-quarter results on October 22, 2026.

Aquarellbild der Helsinki-Espoo Skyline am Wasser mit Segelbooten — Nokia Oyj (FI0009000681) Aquarellmalerei der Espoo und Helsinki Skyline symbolisiert den finnischen Firmensitz des Netzwerkausrüsters, Illustration mit AI erstellt.

Nokia (ISIN FI0009000681) is heading into its third-quarter report with an Inderes forecast for revenue of EUR 5.00 billion, up 7.00 percent from EUR 4.70 billion a year earlier. The analyst preview dated October 19, 2026 also puts comparable operating profit at EUR 435.00 million, below the EUR 453.00 million consensus estimate, according to Inderes. Nokia stock was trading at EUR 7.97 at Lang & Schwarz on October 20, 2026 at 3:18 p.m. CEST, down 4.34 percent versus the Xetra close of October 19, 2026 at EUR 8.33.

Revenue growth meets margin pressure

The forecast points to a split picture for Nokia's third quarter. Revenue is expected to rise by EUR 300.00 million year over year, while comparable operating profit is forecast at EUR 435.00 million against EUR 448.00 million in the third quarter of 2025. That would put the comparable operating margin at 8.70 percent, below the 9.50 percent recorded a year earlier, according to Inderes.

What does the forecast imply?

Inderes expects Network Infrastructure to provide the stronger contribution, with operating profit forecast at EUR 191.00 million versus EUR 143.00 million a year earlier. Mobile Networks is projected at EUR 285.00 million, down from EUR 355.00 million. The contrast makes the mix of growth more important than the revenue increase alone.

Nokia results arrive October 22

Nokia has scheduled publication of its third-quarter and January-to-September results for October 22, 2026. The company said the report will be released at about 8:00 a.m. Finnish time, followed by an investor call at 3:00 p.m., in a release dated October 15, 2026 from Nokia. The release will include group-level financial information and the company's outlook.

Price position before the report

The current euro quotation is 4.34 percent below the Xetra close, giving the scheduled report a clear numerical market backdrop. Inderes' estimate calls for full-year 2026 comparable operating profit of EUR 2.10-2.60 billion, with its own forecast at EUR 2.39 billion and consensus at EUR 2.40 billion.

At Lang & Schwarz, Nokia stock was trading at EUR 7.97 on October 20, 2026 at 3:18 p.m. CEST, 4.34 percent below the Xetra close of October 19, 2026 at EUR 8.33. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.