OakChart

Nokia Corp ADR

NOKTechnology·Communication Equipment·Finland·Large·NYSE·Nov 11 • 3:59 PM ET

8.44+0.19 (2.30%)
2026-11-12 00:27 CET
Market cap
46,686.25 USD m
Revenue, TTM
23,921.98 USD m
Net income, TTM
897.03 USD m
Free cash flow, TTM
6.57 USD m
EPS diluted, TTM
0.16
P/E
53.18
Compare

Price

NOK against its 20, 50 and 200-day averages
2050200miss
7.5010.0012.5015.0017.50103.7M207.4MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NOKclose 8.4420-day 8.5950-day 9.63200-day 10.378.4452w high

51.6% under the 52-week high of 17.45 on 3 Jun 2026. 52-week low 5.86 on 20 Nov 2025. Last 15 sessions, 27.6% high to low

Volume 0.78× normal · the line is the 50-bar volume average

Profile

NOK
52-week range, 22% of the way up
5.8617.45

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks. The Network Infrastructure serves communication service providers, enterprises, webscales and public sector customers. The Cloud and Network Services segment builds around software and the cloud and is focused on driving leadership in cloud-native software and as-a-service delivery models, as demand for critical networks accelerates; and with strong market positions in communications software, private wireless networks, and cognitive (or intelligent) services. The Nokia Technologies segment, building on decades of innovation and R&D leadership in technologies used in virtually all mobile devices used today, is expanding the Nokia patent licensing business, reintroducing the Nokia brand to smartphones through brand licensing, and establishing a technology licensing business. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

IPOJul 01, 1994
Beta1.24
ATR, 14d0.49
Rel volume0.78
Short float1.33%
Insider own0.00%
Inst own15.70%

Snapshot

6 groups

Valuation

Index-
Market Cap47.76B
Enterprise Value46.40B
Income897.03M
Sales23.92B
Book/sh4.26
Cash/sh0.94
Dividend Est.0.17 (2.05%)
Dividend TTM0.16 (1.93%)
Dividend Ex-DateOct 27, 2026
Dividend Gr. 3/5Y- -
Payout-
Employees-
IPOJul 01, 1994

Ratios

P/E53.18
Forward P/E17.73
PEG0.98
P/S2.00
P/B1.98
P/C9.00
P/FCF7269.63
EV/EBITDA10.80
EV/Sales1.94
Quick Ratio1.18
Current Ratio1.46
Debt/Eq0.16
LT Debt/Eq0.12
Option/ShortYes / Yes

Earnings

EPS (ttm)0.16
EPS next Y0.48
EPS next Q0.17
EPS this Y17.81%
EPS next Y16.77%
EPS next 5Y18.13%
EPS past 3/5Y-45.18% -
Sales past 3/5Y-5.00% -2.06%
EPS Y/Y TTM-8.89%
Sales Y/Y TTM9.69%
EPS Q/Q83.13%
Sales Q/Q4.99%
EarningsOct 22 BMO
EPS/Sales Surpr.43.79% 0.90%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own15.70%
Inst Trans0.32%
ROA2.22%
ROE4.01%
ROIC3.31%
Gross Margin44.58%
Oper. Margin13.54%
Profit Margin3.75%
SMA20-1.71%
SMA50-12.39%
SMA200-18.58%
Trades-

Technical

Shs Outstand5.66B
Shs Float5.66B
Short Float1.33%
Short Ratio0.96
Short Interest75.15M
52W High17.45 -51.63%
52W Low5.86 44.03%
Volatility4.82% 4.57%
ATR (14)0.49
RSI (14)45.22
Beta1.24
Rel Volume0.78
Avg Volume78.50M
Volume61,486,847

Performance

Perf Week2.18%
Perf Month-14.40%
Perf Quarter-20.08%
Perf Half Y-42.62%
Perf YTD30.45%
Perf Year22.32%
Perf 3Y141.83%
Perf 5Y47.81%
Perf 10Y90.95%
Recom1.82
Target Price12.69
Prev Close8.25
Price8.44
Change %2.30%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 17, 2026InitiatedRB. Riley SecuritiesBuy$15+77.7%
Sep 15, 2026InitiatedRRosenblattBuy$15+77.7%
Apr 29, 2026UpgradeAAreteNeutral → Buy
Apr 27, 2026UpgradeAArgusHold → Buy$15+77.7%
Apr 24, 2026UpgradeNNordeaHold → Buy
Apr 24, 2026UpgradeDDanske BankSell → Hold
Apr 13, 2026UpgradeBBofA SecuritiesNeutral → Buy$12.40+46.9%
Mar 30, 2026UpgradeGGoldmanSell → Neutral
Mar 13, 2026DowngradeAAreteBuy → Neutral
Feb 09, 2026InitiatedMMorgan StanleyOverweight$8-5.2%

Peers

Mkt cap
TickerCompanyMkt cap
ERICTelefonaktiebolaget L M Ericsson ADR31.84B
CIENCIENA Corp41.98B
HPEHewlett Packard Enterprise Co66.71B
CSCOCisco Systems Inc396.69B
LITELumentum Holdings Inc58.78B
MSIMotorola Solutions Inc88.49B
ANETArista Networks Inc248.49B
VIAVViavi Solutions Inc8.12B
VISNVistance Networks Inc826.55M
COHRCoherent Corp46.19B

Held by

AUM
TickerCompanyAUM
QTUMDefiance Quantum ETFAUM: 4.80B
AIQGlobal X Artificial Intelligence & Technology ETFAUM: 9.36B
BGIGBahl & Gaynor Income Growth ETFAUM: 2.30B
TDIVFirst Trust Nasdaq Tech DividendAUM: 4.27B
AVDEAvantis International Equity ETFAUM: 19.73B
IDGTiShares U.S. Digital Infrastructure and Real Estate ETFAUM: 335.99M
DFIVDimensional International Value ETFAUM: 22.39B
UFOXDefiance Space and Connective Tech ETFAUM: 769.60M

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-220.1010.0700.0345,7715,72022
2026Q22026-07-230.0800.0630.0005,4755,56818
2026Q12026-04-230.0590.0440.0185,2665,32920
2025Q42026-01-290.1910.1710.1107,3137,12520
2025Q32025-10-230.0700.0580.0175,6135,43020
2025Q22025-07-240.0470.0610.0165,3555,54317
2025Q12025-04-240.0340.048-0.0124,9934,76919
2024Q42025-01-300.1880.1380.1546,2416,03119
2024Q32024-10-170.0650.0710.0344,6845,16719
2024Q22024-07-180.0660.051-0.0294,8755,14918
2024Q12024-04-180.0960.0780.0854,9735,36917
2023Q42024-01-250.1080.125-0.0086,1816,79819
2023Q32023-10-190.0530.0790.0275,2656,08120
2023Q22023-07-200.0780.0860.0566,3656,46619
2023Q12023-04-200.0660.0790.0536,4326,24017
2022Q42023-01-260.1740.1400.5698,0857,49918

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.2420.2210.00025,59425,883
2020FY0.3110.271-0.51326,19325,968
2021FY0.4220.3980.33825,34925,481
2022FY0.4780.4180.78827,03825,844
2023FY0.3140.3280.12924,10724,881
2024FY0.4070.3370.24420,04920,052
2025FY0.3460.3020.14323,74423,175
2026FY-0.408--23,294
2027FY-0.476--25,302
2028FY-0.570--27,415
2029FY-0.621--29,095
2030FY-0.873--31,712

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-03190157,0836,9257,509
2026Q4S2026-10-30190157,0836,9257,509
2026Q4S2026-10-22190157,0846,9257,509
2026Q4S2026-10-1218077,2666,9477,911
2026Q4S2026-10-0818077,2706,9477,911
2026Q4S2026-10-0718167,2806,9477,911
2026Q4S2026-10-0618167,2916,9477,911
2026Q4S2026-10-02182147,2956,9477,911
2026Q4S2026-09-30182147,2966,9477,911
2026Q4S2026-09-29182147,2966,9477,911
2026Q4S2026-09-24182127,3086,9477,911
2026Q4S2026-09-23182127,3086,9477,911
2026Q4S2026-09-22182127,3126,9477,911
2026Q4S2026-09-16182127,3186,9477,911

Estimate history

EPS, annual-0.299-0.0720-0.5130.3380.7880.1290.2440.1290.1587
Period201720182019202020212022202320242025TTM
EPS, quarterly0.0340.154-0.0120.0160.0170.110.01800.03
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual26108.30126618.69426116.54824910.72126242.3426180.82122852.62220790.09622446.28723921.98
Period201720182019202020212022202320242025TTM
Sales, quarterly4752.3066382.0214620.3135158.3425647.9737129.0845264.6745598.4475929.777
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual5579.5175593.1625605.5815617.4965634.9945587.0165525.6015373.1495582.5345658.936
Period201720182019202020212022202320242025MRQ
Shares, quarterly5452.5515373.1495380.8315379.0955413.4815582.5345592.7125598.6455658.936
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue23,921.9822,446.2920,790.1022,852.6226,180.8226,242.3424,910.7226,116.5526,618.69
Cost of Goods Sold Incl. D&A13,256.7612,506.9011,034.3313,448.0015,260.1515,500.5015,573.1917,620.3317,756.41
Gross Profit10,665.229,939.399,755.779,404.6210,920.6710,741.849,337.538,496.228,862.28
Selling, General and Administrative Excl. Other7,340.127,694.646,826.557,526.737,427.247,448.846,896.856,877.788,209.88
Research and Development5,477.345,324.634,734.564,557.984,743.054,894.584,349.004,297.914,737.88
Other Operating Expense-385.97340.73-40.00517.08462.1518.2472.750.00
Operating Income3,239.721,858.772,588.491,917.902,976.362,830.842,422.451,545.68652.40
Interest Expense-283.27360.20303.79270.10281.31249.65267.50335.05
Unusual Expense2,372.401,051.83892.39471.37620.07778.931,831.94923.38668.92
Net Income Before Taxes1,268.691,011.212,254.241,630.322,322.652,265.86821.92161.17-438.87
Income Taxes331.15312.62411.04886.51-2,129.27321.503,711.76154.46222.97
Consolidated Net Income957.21720.031,850.77701.644,424.601,955.00-2,864.7620.15-647.68
Net Income From Continuing Operations945.62709.881,843.20686.514,415.141,928.99-2,872.7415.67-653.58
Net Income897.03709.881,349.95718.944,466.641,918.36-2,876.161.12-401.11
EPS (Recurring)0.450.260.360.190.860.43-0.280.120.01
EPS (Basic, Before Extraordinaries)0.160.130.250.130.800.34-0.510.00-0.07
EPS (Diluted)0.160.130.240.130.790.34-0.510.00-0.07
EBITDA4,295.983,121.653,685.323,093.074,174.474,166.483,720.883,430.502,368.94
Non-Operating Income (Expense)404.87487.55918.36487.58236.47495.25481.07-193.63-87.30
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-304.26206.82173.84125.28111.5869.3168.9558.52
Price To Earnings Ratio50.9650.9653.8310.1413.7518.39---
Price To Sales Ratio2.441.591.180.841.001.350.880.801.22
Gross Margin44.5844.2846.9341.1541.7140.9337.4832.5333.29
Operating Margin13.548.2812.458.3911.3710.799.725.922.45
Net Margin3.753.166.493.1517.067.31-11.550.00-1.51
Shares Outstanding5,658.945,582.535,373.155,525.605,587.025,634.995,617.505,605.585,593.16
Market Capitalization46,686.2546,686.2524,120.9118,848.1325,689.1335,046.9021,962.7020,788.1732,545.32

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue5,929.785,598.455,264.677,129.085,647.975,158.344,620.316,382.02
Cost of Goods Sold Incl. D&A3,338.813,076.532,920.143,921.293,288.522,985.512,767.983,455.02
Gross Profit2,590.972,521.922,344.533,207.802,359.462,172.831,852.342,927.00
Selling, General and Administrative Excl. Other1,586.571,534.781,951.442,267.341,955.111,888.331,519.761,889.11
Research and Development1,274.781,392.931,345.421,464.231,312.371,276.271,173.501,208.56
Other Operating Expense25.31124.41-64.35-33.8917.00213.65-
Operating Income979.09862.73457.44940.46370.45267.49118.931,037.89
Interest Expense----17.53---
Unusual Expense746.69925.52359.17341.03128.55177.95170.50185.60
Net Income Before Taxes284.1882.55210.59691.38261.77130.35-38.941,009.09
Income Taxes92.0454.65108.8075.66175.2945.3424.21215.47
Consolidated Net Income202.4931.39101.78621.5492.3294.08-62.10795.75
Net Income From Continuing Operations197.8927.91100.61619.2191.1587.28-62.10804.29
Net Income174.882.33100.61619.2191.1587.28-62.10843.75
EPS (Recurring)0.120.110.060.150.030.040.010.18
EPS (Basic, Before Extraordinaries)0.030.000.020.110.020.02-0.010.16
EPS (Diluted)0.030.000.020.110.020.02-0.010.15
EBITDA1,214.951,108.06701.961,271.01704.68590.53396.781,298.16
Non-Operating Income (Expense)51.77145.34112.3195.4437.4039.6712.63157.87
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense95.72-------
Price To Earnings Ratio50.9681.1759.9636.4124.6934.5321.3553.83
Price To Sales Ratio2.443.261.981.611.211.361.381.16
Gross Margin43.6945.0544.5345.0041.7842.1240.0945.86
Operating Margin16.5115.418.6913.196.565.192.5716.26
Net Margin2.950.041.918.691.611.69-1.3413.22
Shares Outstanding5,658.945,598.645,592.715,582.535,413.485,379.105,380.835,373.15
Market Capitalization46,686.2574,271.1944,883.5436,112.3725,873.4227,922.4828,316.5024,120.91

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments7,543.498,578.088,615.179,121.7910,539.579,863.046,742.867,856.8710,179.18
Short Term Receivables7,841.806,977.207,667.388,366.178,643.868,407.017,662.198,030.639,204.13
Inventories2,594.362,239.793,003.543,484.572,720.182,743.203,295.663,621.503,177.32
Other Current Assets567.26830.47693.72656.36382.101,273.721,166.281,371.781,264.44
Total Current Assets18,546.9118,625.5419,979.8021,628.8922,285.7122,286.9618,866.9820,880.7823,825.07
Net Property, Plant & Equipment2,924.382,195.263,155.993,141.983,193.263,166.553,107.082,046.242,225.08
Total Investments and Advances1,902.611,825.592,102.152,108.891,507.931,571.041,515.381,380.931,391.73
Long-Term Note Receivable130.3640.3845.2937.35-----
Intangible Assets8,685.066,770.107,279.647,396.048,018.408,597.898,930.6110,065.4411,070.18
Deferred Tax Assets7,079.588,585.339,536.447,009.704,375.954,469.637,643.107,052.096,974.25
Other Assets7,687.957,355.167,190.177,425.939,091.916,429.765,749.445,186.475,247.50
Total Assets46,956.8645,397.3649,289.4848,748.7848,473.1546,521.8245,812.5946,611.9450,733.80
Short Term Debt Incl. Current Port. of LT Debt1,511.521,209.46830.70439.71342.30917.66618.501,136.29371.05
Accounts Payable3,497.513,327.063,781.225,048.094,183.763,883.554,249.785,456.254,798.40
Income Tax Payable404.01214.35224.24197.44229.71230.03209.91306.36459.91
Other Current Liabilities6,336.167,047.617,240.987,947.819,005.499,358.938,453.559,224.089,673.64
Total Current Liabilities11,749.2011,798.4912,077.1413,633.0513,761.2614,390.1713,531.7416,122.9915,303.00
Long Term Debt3,671.333,709.164,900.235,450.456,096.537,018.285,338.613,232.834,151.17
Provision for Risks Charges3,034.782,652.953,111.803,288.204,609.075,851.025,499.135,600.296,251.36
Deferred Tax Liabilities3,261.455,440.526,059.013,272.193,250.122,558.442,329.191,838.191,968.11
Other Liabilities508.54312.72354.59238.00898.391,354.471,826.312,246.293,585.59
Total Liabilities22,225.2923,913.8426,502.7625,881.8828,615.3631,172.3828,524.9729,040.5831,259.23
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity24,624.6921,390.3222,686.2022,767.6419,741.7915,251.5517,202.3117,477.6219,378.51
Total Shareholders Equity24,624.6921,390.3222,686.2022,767.6419,741.7915,251.5517,202.3117,477.6219,378.51
Accumulated Minority Interest106.8793.19100.5299.25115.9997.8885.3193.7496.06
Total Equity24,731.5721,483.5222,786.7222,866.9019,857.7915,349.4317,287.6217,571.3619,474.57
Total Liabilities & Stockholders Equity46,956.8645,397.3649,289.4848,748.7848,473.1546,521.8245,812.5946,611.9450,733.80
Book Value Per Share4.413.984.114.083.502.723.073.123.47
Tangible Book Value Per Share2.862.722.792.752.081.181.481.331.49
Full-Time Employees--------103,000
Price to Book Ratio1.941.060.841.351.781.441.211.861.33
Return on Assets1.543.891.409.084.06-6.220.03-1.34-3.32
Return on Equity3.098.363.0220.7711.02-17.700.09-3.55-8.19
Return on Invested Capital2.515.382.6115.837.42-12.920.00-1.94-7.19
Quick Ratio1.361.391.411.331.421.361.151.071.35
Current Ratio1.581.581.651.591.621.551.391.301.56

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income905.37744.861,388.89734.084,476.101,944.36-2,868.1812.31-395.22
Depreciation1,053.541,262.881,096.831,175.171,198.111,294.271,290.451,857.951,716.54
Other Funds (Non Cash)1,077.12565.42801.53833.54-2,188.13180.844,392.32567.46215.89
Funds from Operations3,036.032,573.163,287.262,742.793,486.083,419.472,814.602,437.721,537.21
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-2,305.53-235.87-590.60-1,318.96-1,936.95-316.77-809.38-2,001.22-1,112.50
Cash from Operating Activities730.492,337.282,696.661,423.831,549.143,102.702,005.22436.51424.71
Capital Expenditures-723.92-683.92-510.56-704.89-631.64-661.91-546.05-795.79-792.79
Net Assets From Acquisitions-45.40-2,517.86-71.39-20.54-21.02-39.01-118.56-1.12-57.81
Sale of Fixed Assets and Businesses88.5376.74104.92222.7134.68121.7427.3664.92103.82
Purchase or Sale of Investments260.83884.81284.481,606.54-1,328.43-1,473.93-1,103.50539.48375.16
Purchase of Investments-946.52-568.80-1,302.36-2,095.20-3,899.11-2,271.77-1,382.79-730.87-2,653.26
Sale Or Maturity of Investments1,207.341,453.611,586.843,701.742,570.68797.84279.291,270.353,028.42
Other Uses-10.460.000.000.00-39.94-91.010.000.000.00
Other Sources-1.2299.3165.9823.7810.5122.4611.404.480.00
Cash from Investing Activities-431.65-2,140.91-126.561,127.60-1,975.83-2,121.66-1,729.34-188.03-371.62
Cash Dividends Paid-904.54-849.82-772.33-660.56-370.99-10.64-168.72-626.78-1,275.31
Change in Capital Stock1,031.00265.22-735.55-324.33-315.290.000.000.002.36
Repurchase of Common Pref Stock-3.79-704.23-735.55-324.33-315.290.000.000.000.00
Sale of Common Pref Stock1,034.79969.450.000.000.000.000.000.002.36
Proceedsfrom Stock Options1,034.79969.450.000.000.000.000.000.001.18
Issuance or Reduction of Debt, Net-688.91-410.80-396.98-369.7434.68-1,154.801,443.21350.32129.77
Change in Long Term Debt-748.49-817.09-390.49-326.506.31-1,075.601,537.83305.55127.41
Issuance of Long Term Debt576.48170.42109.25536.238.4120.091,818.261,162.90163.99
Reduction of Long Term Debt-1,324.96-987.51-499.74-862.73-2.10-1,095.70-280.43-857.34-36.57
Net Financing Active Other Cash Flow-571.00-6.77-9.74-10.810.000.00-1.14-11.190.00
Other Financing Activities Uses-571.00-6.77-9.74-10.810.000.00-1.14-11.190.00
Cash from Financing Activities-1,374.71-1,251.59-2,166.63-1,623.84-879.67-1,432.561,006.60-535.00-1,143.18
Exchange Rate Effect68.14-255.0617.31-98.3819.97157.20-108.30-106.33-217.07
Net Change in Cash-1,007.72-1,310.28420.78829.22-1,286.39-294.311,174.17-392.86-1,307.16
Free Cash Flow6.571,653.372,186.10718.94917.502,440.791,459.17-335.77-368.08
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow-44.3117.33327.2348.1414.5517.01--
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments5,305.565,524.436,717.337,543.496,656.386,517.22
Short Term Receivables8,011.157,815.607,500.827,841.806,966.576,693.29
Inventories3,271.253,136.072,743.392,594.362,796.502,909.97
Other Current Assets380.51340.70337.59567.26470.00620.97
Total Current Assets16,969.6016,817.9417,297.9818,546.9116,889.4516,741.45
Net Property, Plant & Equipment2,930.492,926.852,878.202,924.382,872.882,854.80
Total Investments and Advances2,110.412,059.081,972.571,902.611,911.721,932.16
Intangible Assets8,448.458,525.598,604.638,685.068,827.778,909.52
Deferred Tax Assets4,184.474,207.344,219.367,079.584,194.754,266.94
Other Assets7,791.937,745.867,606.827,687.957,312.027,237.96
Total Assets42,798.8342,617.6542,960.9346,956.8642,351.7042,291.47
Short Term Debt Incl. Current Port. of LT Debt874.60772.87270.771,511.521,072.781,116.33
Accounts Payable3,999.334,014.133,634.043,497.513,597.853,496.90
Income Tax Payable350.98344.13410.18404.01211.50232.42
Other Current Liabilities6,358.496,043.486,726.546,336.166,544.756,629.90
Total Current Liabilities11,583.4011,174.6111,041.5311,749.2011,426.8811,475.56
Long Term Debt2,957.753,067.473,560.303,671.333,703.603,696.45
Provision for Risks Charges2,956.623,034.322,902.393,034.783,032.682,890.02
Deferred Tax Liabilities537.26491.62472.403,261.45603.95595.14
Other Liabilities531.58505.34473.55508.54468.82376.81
Total Liabilities18,566.6018,273.3618,450.1822,225.2919,235.9219,033.98
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity24,122.0524,232.2424,404.7524,624.6923,008.8523,149.50
Total Shareholders Equity24,122.0524,232.2424,404.7524,624.6923,008.8523,149.50
Accumulated Minority Interest110.18110.90106.00106.87106.92107.99
Total Equity24,232.2224,343.1424,510.7524,731.5723,115.7823,257.49
Total Liabilities & Stockholders Equity42,798.8342,616.5142,960.9346,956.8642,351.7042,291.47
Book Value Per Share4.264.334.364.414.254.30
Tangible Book Value Per Share2.772.812.832.862.622.65
Price to Book Ratio1.943.041.821.521.121.24
Return on Assets2.221.982.101.592.182.34
Return on Equity4.013.543.843.204.034.31
Return on Invested Capital0.650.010.362.190.340.33
Quick Ratio1.181.221.321.361.231.21
Current Ratio1.461.511.571.581.481.46

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income180.795.79101.78617.0191.60102.26
Depreciation235.63246.57244.51326.82344.47318.58
Other Funds (Non Cash)341.56367.09100.61267.85199.7917.86
Funds from Operations757.98619.45446.911,211.68635.86438.69
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-652.06-1,346.08469.14-776.5381.29-181.44
Cash from Operating Activities105.92-726.63916.05435.15717.16257.25
Capital Expenditures-222.56-150.73-180.17-170.46-201.03-137.19
Net Assets From Acquisitions-34.880.000.00-10.52-74.30-837.38
Sale of Fixed Assets and Businesses48.6631.570.008.3012.2451.23
Purchase or Sale of Investments-120.60445.42121.67-185.67-7.09549.47
Purchase of Investments-488.52-60.73-116.99-280.26-107.12-97.30
Sale Or Maturity of Investments367.93506.15238.6794.60100.03646.76
Other Uses3.57-14.030.000.000.000.00
Other Sources1.0814.031.17-17.4921.5982.97
Cash from Investing Activities-324.74326.26-57.33-375.84-248.59-290.90
Cash Dividends Paid-259.06-261.80-196.55-187.13-257.47-239.04
Preferred Dividends (Cash Flow)0.000.000.000.00408.48-408.48
Change in Capital Stock72.150.01-10.53969.37-25.23-103.26
Repurchase of Common Pref Stock0.000.000.00-3.79-25.23-103.26
Sale of Common Pref Stock72.150.01-10.53973.170.000.00
Proceedsfrom Stock Options72.150.01-10.53973.170.000.00
Issuance or Reduction of Debt, Net112.62-7.49-1,214.38420.35-55.96-249.49
Change in Long Term Debt2.99-13.61-731.20-6.66-29.19-259.20
Issuance of Long Term Debt-4.40579.950.000.926.11162.99
Reduction of Long Term Debt7.38-593.57-731.20-7.57-35.30-422.19
Net Financing Active Other Cash Flow0.000.000.00-571.00-2.29-1.09
Other Financing Activities Uses0.000.000.00-571.00-2.29-1.09
Cash from Financing Activities-129.42-328.88-1,485.81569.40-406.37-658.80
Exchange Rate Effect9.0123.3729.256.51-27.89-155.73
Net Change in Cash-339.23-705.89-597.83635.2334.30-848.18
Free Cash Flow-116.65-877.36735.88264.70516.12120.07
Price to Free Cash Flow--60.8145.0543.0833.41

Revenue breakdown

China2024: 1.23B 2025: 1.03B
Europe2024: 6.88B 2025: 6.95B
India2024: 1.49B 2025: 1.73B
Latin America2024: 968.35M 2025: 884.29M
Middle East and Africa2024: 2.20B 2025: 2.37B
North America2024: 5.82B 2025: 6.99B
Rest Of APAC2024: 2.21B 2025: 2.47B
Cloud and Network Services2024: 2.80B 2025: 2.94B
Consolidation, Policy2025: -16.92M
Fixed Networks2024: 2.49B 2025: 2.68B
Group Common and Other2024: 36.79M 2025: 19.17M
IP Networks2024: 2.79B 2025: 2.93B
Mobile Networks2024: 8.83B 2025: 8.80B
Nokia Technologies2024: 2.09B 2025: 1.69B
Optical Networks2024: 1.77B 2025: 3.41B
Other segments2024: -7.57M 2025: -13.54M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.33%75.2M5658.9M78.93M
2026-10-151.38%78.3M5658.9M82.81M
2026-09-301.54%86.5M5598.6M83.67M
2026-09-150.99%55.5M5598.6M85.35M
2026-08-311.04%58.0M5598.6M94.93M
2026-08-140.77%43.2M5598.6M102.48M
2026-07-310.65%36.6M5598.7M110.73M
2026-07-150.89%50.0M5592.7M110.88M
2026-06-301.07%59.7M5592.7M112.43M
2026-06-151.14%63.9M5592.7M104.09M
2026-05-291.19%66.4M5592.7M92.73M
2026-05-151.08%60.4M5592.7M83.59M
2026-04-301.19%66.7M5592.7M67.96M
2026-04-151.22%68.2M5582.5M55.72M
2026-03-310.98%55.0M5582.5M46.16M
2026-03-130.98%54.5M5582.5M38.87M
2026-02-270.70%38.9M5582.5M30.58M
2026-02-130.59%33.2M5582.5M30.00M
2026-01-300.70%38.8M5582.5M33.11M
2026-01-150.66%36.9M5581.5M43.20M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call1.006.907.657.4924.99330.0026.000.997-0.0200.000
call2.006.006.706.5217.44911.0023.000.995-0.0200.000
call3.005.005.705.5212.79412.005.000.993-0.0200.000
call4.003.954.904.4911.8049.004.000.991-0.0200.000
call5.003.303.753.707.7646.003.000.987-0.0190.000
call5.502.723.203.046.2922.003.000.985-0.0180.000
call6.002.272.762.465.7933.002.000.982-0.0180.000
call6.501.742.012.012.9562112.000.977-0.0170.000
call7.001.361.521.152.3901800.000.971-0.0160.000
call7.500.891.000.961.5902,2478890.934-0.0240.001
call8.000.430.510.450.7632,8771,2250.856-0.0270.001
call8.500.110.140.130.7026,6801,9200.459-0.0500.002
call9.000.020.030.030.7963,9521,8970.148-0.0320.001
call9.500.010.020.021.1122,64039.000.070-0.0240.001
call10.000.000.010.011.2882,2661530.034-0.0160.000
call10.500.000.010.011.5761,4862.000.029-0.0170.000
call11.000.000.010.011.8491,1101.000.025-0.0180.000
call11.500.000.020.012.1051270.000.022-0.0180.000
call12.000.000.010.012.3421903.000.020-0.0190.000
call12.500.000.160.022.5651680.000.019-0.0190.000
call13.000.000.600.012.7762520.000.018-0.0200.000
call13.500.000.040.022.9741390.000.017-0.0200.000
call14.000.000.210.013.16717.000.000.016-0.0210.000
call14.500.001.550.063.3496.000.000.015-0.0210.000
call15.000.000.100.023.5236.000.000.015-0.0210.000
call15.500.001.400.053.6906.000.000.014-0.0210.000
call16.000.000.080.023.85021.001.000.014-0.0220.000
call17.000.002.130.014.1522.000.000.013-0.0220.000
call18.000.000.010.014.4255.001.000.012-0.0230.000
put1.000.000.010.0412.8672.000.00-0.003-0.0190.000
put2.000.000.010.018.8425.003.00-0.005-0.0200.000
put3.000.000.740.106.5186.000.00-0.007-0.0200.000
put4.000.000.040.014.8113.003.00-0.009-0.0200.000
put5.000.000.400.393.49153.001.00-0.013-0.0190.000
put5.500.002.130.102.9192.002.00-0.015-0.0180.000
put6.000.000.010.012.40027.003.00-0.018-0.0170.000
put6.500.000.010.011.9154971.00-0.022-0.0160.000
put7.000.000.010.011.4237797.00-0.029-0.0150.000
put7.500.000.020.011.1252,085117-0.066-0.0230.001
put8.000.020.030.040.6973,604812-0.144-0.0260.001
put8.500.170.230.190.809886140-0.552-0.0470.002
put9.000.500.660.561.18343476.00-0.851-0.0320.001
put9.501.011.121.001.41337521.00-0.930-0.0240.001
put10.001.321.781.872.88343.000.00-0.966-0.0150.000
put10.501.792.532.204.63029.000.00-0.971-0.0160.000
put11.002.382.892.484.37556.004.00-0.975-0.0170.000
put11.502.973.152.973.1460.004.00-0.977-0.0170.000
put12.003.103.703.653.8972.005.00-0.979-0.0180.000
put12.503.654.303.886.6230.001.00-0.981-0.0180.000
put13.004.354.704.806.4421.000.00-0.982-0.0190.000
put13.505.055.104.963.5522.001.00-0.983-0.0190.000
put14.005.305.705.527.0564.003.00-0.984-0.0190.000
put14.506.006.155.974.7341.004.00-0.985-0.0200.000
put15.006.406.706.545.4902.002.00-0.985-0.0200.000
put15.506.857.457.277.5642.001.00-0.986-0.0200.000
put16.007.358.007.528.1060.002.00-0.986-0.0200.000
put17.008.208.958.868.2542.000.00-0.987-0.0210.000
put18.009.359.709.536.6872.001.00-0.988-0.0210.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-09SEC
2026-11-05SCHEDULE 13G/ASEC
2026-10-226-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-22SEC
2026-10-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-15SEC
2026-10-013Initial statement of beneficial ownership of securities2026-10-01SEC
2026-09-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-08SEC
2026-08-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-27SEC
2026-08-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-14SEC
2026-08-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-07SEC
2026-08-06SCHEDULE 13G/ASEC
2026-07-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-29SEC
2026-07-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-27SEC
2026-07-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-23SEC
2026-07-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-10SEC
2026-07-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-09SEC
2026-06-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-09SEC
2026-06-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-05SEC
2026-06-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-31SEC
2026-05-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-26SEC
2026-05-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-25SEC
2026-05-21SDSpecialized Disclosure ReportSEC
2026-05-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-20SEC
2026-05-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-18SEC
2026-05-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-13SEC
2026-05-06SCHEDULE 13GSEC
2026-05-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-04SEC
2026-04-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-30SEC
2026-04-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-28SEC
2026-04-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-28SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
NVIDIA CORP2.98%
FMR LLC0.94%
VICTORY CAPITAL MANAGEMENT INC0.83%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP0.68%
ALKEON CAPITAL MANAGEMENT LLC0.64%
MORGAN STANLEY0.59%
MARSHALL WACE, LLP0.59%
VOYA INVESTMENT MANAGEMENT LLC0.48%
Capital World Investors0.46%
BANK OF AMERICA CORP /DE/0.46%

Funds

Fund% owned
ACAP Strategic Fund0.32%
Fidelity Advisor International Capital Appreciation Fund0.27%
American Funds Fundamental Investors0.20%
New Perspective Fund0.20%
Fidelity Advisor Growth Opportunities Fund0.18%
Dimensional Global Core Plus Fixed Income ETF0.16%
Strategic Advisers Fidelity International Fund0.16%
Fidelity Series Overseas Fund0.15%
THRIVENT MID CAP STOCK FUND0.14%
Fidelity Focused Stock Fund0.14%

OakChart. NOK. Cached 15 minutes.

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