NOKIA $NOK JUST REPORTED Q3 EARNINGS
- Net Sales: €5,154M, beating est. of €5.04B 🟢
- Adj EPS: €0.09, beating est. of €0.06 🟢
- Comparable Gross Margin: 44.6% (-20 bps YoY)
- Comparable Oper Profit: €605M
- Comparable Oper Margin: 11.7% (+220 bps YoY)
- AI & Cloud Net Sales: +123% YoY (cc)
- AI & Cloud Order Intake: €1.5B
- Reported EPS: €0.03
Segment Net Sales:
- Network Infrastructure: €2,158M (+17% YoY)
- Mobile Infrastructure: €2,902M (+5% YoY)
- Portfolio Businesses: €96M (-1% YoY)
FY26 Guidance:
- Comparable Oper Profit: €2.1B-€2.6B
- Network Infrastructure Growth: 12% to 14%
- FCF Conversion: 35% to 55%
- CapEx: €750M-€850M
Key Updates:
- Dividend per Share: €0.03
- Infinera Integration: On track for completion by the end of 2026, one year ahead of plan
- AI-RAN Call: Completed with T-Mobile and NVIDIA in a live operator network