Nokia Q4 2025 Earnings Call Insights and Strategic Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
0mins
Should l Buy NOK?
Source: seekingalpha
- Sales Growth: Nokia reported net sales of EUR 6.1 billion in Q4 2025, a 3% increase year-over-year, indicating sustained growth potential in network infrastructure and AI/cloud sectors, particularly with optical networks growing by 17%, laying a solid foundation for future performance.
- Profitability Improvement: The operating profit reached EUR 1 billion with a gross margin of 48.1%, up 90 basis points from the previous year, reflecting enhancements in mobile networks and cloud services, thereby strengthening the company's profitability in a competitive market.
- Strategic Acquisition: Nokia's acquisition of Infinera and the integration of core software with radio networks aim to enhance its market position in 5G and AI through a new business model and partnerships with NVIDIA, driving future growth.
- Future Outlook: The company targets an operating profit of EUR 2 billion to EUR 2.5 billion in 2026, aiming for a 6% to 8% compound annual growth rate in network infrastructure, demonstrating confidence in long-term growth and strategic planning.
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Analyst Views on NOK
Wall Street analysts forecast NOK stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 6.970
Low
6.50
Averages
7.36
High
8.50
Current: 6.970
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Partnership: The collaboration with Nvidia to develop AI-RAN products powered by Nvidia's GPUs positions Nokia advantageously in optimizing 5G and future 6G networks, thereby strengthening its competitive market position.
- Optimistic Financial Outlook: Analysts forecast a 7% revenue increase for Nokia this year, with expectations of a 15% growth rate by 2027, suggesting that accelerating revenue growth will enhance profitability and drive further stock price increases.
- P/E Ratio Analysis: Despite a current P/E ratio of 54 and a forward P/E of 19, the anticipated revenue growth indicates a bullish sentiment in the market, likely attracting more investors to consider Nokia as a long-term investment opportunity.
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- Investor Focus: For those considering buying WLK stock, analysts' opinions will serve as a crucial reference, aiding in the assessment of potential investment risks and returns.
- Information Source: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, despite the lack of specific rating details.
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- Market Dynamics: While specific stock names are not mentioned, changes in analyst ratings typically influence investor decisions and can lead to price volatility in the affected stocks.
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- Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, despite the lack of specific rating details.
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- Stock Surge: Nokia's stock has surged nearly 50% over the past year, currently trading at $7.04 with a market cap of $39 billion, reflecting strong market recognition of its transformation into a telecom equipment company and significant future growth potential.
- Strategic Partnership: The collaboration with Nvidia to develop AI-RAN products powered by Nvidia's GPUs positions Nokia advantageously in optimizing 5G and future 6G networks, thereby strengthening its competitive market position.
- Optimistic Financial Outlook: Analysts forecast a 7% revenue increase for Nokia this year, with expectations of a 15% growth rate by 2027, suggesting that accelerating revenue growth will enhance profitability and drive further stock price increases.
- P/E Ratio Analysis: Despite a current P/E ratio of 54 and a forward P/E of 19, the anticipated revenue growth indicates a bullish sentiment in the market, likely attracting more investors to consider Nokia as a long-term investment opportunity.
See More
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- Market Performance: As of February 9, Nokia (NYSE:NOK) was ranked among the 11 best communication equipment stocks by hedge funds, with 7 analysts providing ratings that include 5 Buy and 1 Hold, indicating moderate market optimism about its future performance.
- Price Target: J.P. Morgan analyst Sandeep Deshpande reiterated an Overweight rating on Nokia, raising the price target from $8 to $8.20, suggesting a 16% upside potential at current levels, reflecting confidence in the company's growth prospects.
- Share Transfer: On February 10, Nokia announced the transfer of 2,622,652 shares to participants in its equity-based incentive plans, which relates to a board resolution from October 2, 2025, indicating the company's ongoing commitment to employee incentives.
- Shareholding Status: Following the share transfer, Nokia retains 139,291,855 of its own shares, demonstrating a robust capital management strategy aimed at enhancing shareholder value and market confidence.
See More
Nokia Shares Snap Seven-Day Gain, Close Lower
- Stock Decline: Nokia's shares fell 1.18% to $7.10 after a seven-day rally, indicating market concerns over its future profit outlook despite a prior gain of over 14.15% during that period.
- Performance Results: The company reported a slight beat in Q4 results, yet issued softer profit guidance for 2026, with Mobile Networks sales declining 2% year-over-year to €2.5 billion, which has negatively impacted investor sentiment.
- Analyst Ratings: Seeking Alpha's Quant rating gives Nokia a Hold rating with a score of 3.11, reflecting mixed market views on its profitability and growth potential, particularly highlighted by its F rating for growth.
- Market Outlook: Despite cyclical telecom spending risks and execution challenges in new markets, IWA Research rates Nokia as a Strong Buy, citing significant undervaluation and robust financials, particularly in high-growth areas like AI, defense, and 6G, underscoring its strong balance sheet and aggressive growth focus.
See More
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- 100-Year Debt Plan: Alphabet, Google's parent company, plans to issue 100-year bonds, with Burry warning that this move could echo Motorola's downfall in 1997, highlighting potential risks associated with long-term debt.
- Debt Issuance Details: The bond sale will include debt in dollars, British pounds, and Swiss francs, with maturities ranging from 3 to 100 years, reflecting Alphabet's diversified financing strategy but potentially increasing financial burdens.
- Market Reaction: At the time of the announcement, Alphabet's shares rose by 0.81% to $325.71, indicating a preliminary market response to the debt plan, though the long-term impact remains to be seen.
- AI Warning Context: Burry's concerns extend beyond Alphabet's debt issues, as he also expresses worries about the company's investments in artificial intelligence, suggesting that it may face broader market challenges.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these firms.
- Market Dynamics Observation: While specific company names were not mentioned, changes in analyst ratings typically influence investor decisions, potentially leading to price fluctuations in the related stocks.
- Investor Focus: For those considering buying WLK stock, analysts' opinions will serve as a crucial reference, aiding in the assessment of potential investment risks and returns.
- Information Source: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, despite the lack of specific rating details.
See More
Wall Street Analysts Adjust Ratings on Key Stocks
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several stocks, including upgrades, downgrades, and initiations, reflecting varying market perspectives on these companies.
- Market Dynamics: While specific stock names are not mentioned, changes in analyst ratings typically influence investor decisions and can lead to price volatility in the affected stocks.
- Investor Focus: For investors considering buying Nokia (NOK) stock, analysts' opinions will serve as a crucial reference point, potentially impacting their investment strategies.
- Source of Information: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, despite the lack of specific rating details.
See More
