Nokia Corporation (NYSE:NOK – Get Free Report) shares saw unusually-strong trading volume on Thursday following a better than expected earnings announcement. 54,556,161 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 80,530,250 shares.The stock last traded at $9.9320 and had previously closed at $10.28.
The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.92%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS.
Key Nokia News
Here are the key news stories impacting Nokia this week:
- Positive Sentiment: Nokia’s Q2 results beat profit estimates, with comparable operating profit rising on strong demand from AI and cloud customers, while network infrastructure sales and margins improved. Reuters: Nokia Q2 profit beat on AI demand
- Positive Sentiment: AI-related demand was a standout, with Nokia saying AI/cloud order intake reached about €2.8 billion and AI/cloud sales more than doubled year over year, reinforcing the long-term growth case. Yahoo Finance: Nokia says AI, cloud boosted sales in second quarter
- Positive Sentiment: Nokia raised its full-year profit outlook and gave a Q3 revenue range that was roughly in line with expectations, which may support confidence in management’s view that AI infrastructure demand can offset legacy telecom weakness. Invezz: Nokia raises profit outlook as AI and cloud demand boost results
- Neutral Sentiment: Management and follow-up coverage continue to frame Nokia as a longer-term AI networking and cloud infrastructure beneficiary, but those themes are more about the investment thesis than an immediate catalyst. Yahoo Finance: How Nokia is Positioning Itself for Long-Term Growth in AI Networking
- Negative Sentiment: The stock has fallen to its lowest close since April, suggesting traders are selling into strength or reacting to concerns that the earnings beat does not fully erase broader slowdown worries. BeInCrypto: Nokia Crushed Earnings — and Dropped to Its Lowest Close Since April
- Negative Sentiment: Some articles highlight that telecom spending remains uneven and restructuring charges or supply-chain constraints are still weighing on results, which could limit how quickly AI growth translates into sustained earnings momentum. Yahoo Finance: Nokia Oyj (NOK) Q2 2026 Earnings Call Highlights
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Analog Century Management LP purchased a new stake in shares of Nokia in the 4th quarter worth $104,244,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock valued at $208,873,000 after buying an additional 14,482,665 shares during the period. ARGA Investment Management LP increased its stake in shares of Nokia by 166.4% during the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock valued at $163,921,000 after buying an additional 12,734,021 shares during the period. Pzena Investment Management LLC raised its holdings in shares of Nokia by 14.5% in the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock worth $113,161,000 after acquiring an additional 11,035,002 shares during the period. Institutional investors own 5.28% of the company’s stock.
Nokia Trading Down 6.7%
The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. The company’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $10.26. The company has a market capitalization of $52.11 billion, a P/E ratio of 64.81, a PEG ratio of 1.38 and a beta of 1.17.
About Nokia
Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.
Today Nokia’s core activities center on designing, building and supporting communications networks and related software.
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