Nokia transfers 2.14 million shares. Nokia stock sits 18.90 percent below its EUR 10.74 target

Published on 10/16/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia reports Q3 results on October 22, 2026, before market open. Nokia stock costs EUR 8.71 on October 16, 2026 below its EUR 10.74 target.

Share plans and earnings date

Nokia transferred 2,142,361 shares to incentive-plan participants on October 15, 2026.
Second-quarter revenue reached USD 5.50 billion, up 8.40 percent year over year.
Nokia stock trades at EUR 8.71 at 9:15 a.m. CEST at Lang & Schwarz on October 16, 2026.

Schwarz-weiße Reportagefotografie von Ingenieuren an einem Antennenmast — Nokia Oyj (FI0009000681) Schwarz-Weiß-Reportage zeigt Ingenieure bei Wartungsarbeiten am Sendemast der Netzwerkbranche, Illustration mit AI erstellt.

Nokia Oyj (ISIN FI0009000681) was trading at EUR 8.71 at Lang & Schwarz on October 16, 2026 at 9:15 a.m. CEST. The company had transferred 2,142,361 shares to participants in its equity-based incentive plans on October 15, 2026, according to Nasdaq Helsinki.

Share transfer leaves 81.16 million shares

The transfer was made without consideration under Nokia's existing equity-based incentive plans. The company held 81,161,716 own shares after the transaction, and the release linked the transfer to a board resolution announced on October 2, 2025.

The transaction is compensation-related rather than an operating announcement, so the next earnings report carries greater weight for the stock. Nokia's investor-relations calendar schedules third-quarter results for October 22, 2026, before the market opens, followed by an analyst webcast at 3:00 p.m. Finnish time.

What does the earnings date mean?

The upcoming report will test whether Nokia can convert demand for AI-linked network infrastructure into higher revenue and earnings. In the second quarter of 2026, Nokia generated USD 5.50 billion in revenue, up 8.40 percent from the same quarter a year earlier, while earnings per share of USD 0.08 exceeded the USD 0.07 consensus estimate, according to MarketBeat.

Analyst expectations remain divided. Investing.com lists 22 analysts with an average 12-month target of EUR 10.74, while its table shows Barclays maintaining a Sell rating and an EUR 8.50 target on October 6, 2026. The gap between the current euro quote and the average target leaves the earnings release as the next measurable test of those expectations.

Price holds the immediate market signal

Nokia's reference quote was EUR 8.71 at Lang & Schwarz on October 16, 2026 at 9:15 a.m. CEST. The primary listing is on Nasdaq Helsinki, while the investor calendar points to October 22, 2026 as the next reporting date. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.