Nokia is focusing on AI-driven network and mobile infrastructure, aiming for an annual operating profit of €2.7–3.2 billion by 2028. The company is simplifying its structure, reducing its business units to two to streamline operations and improve execution. Financials are stable, but mixed, with steady gross profit, fluctuating net income, and $6.65 billion in cash, plus positive free cash flow.
The Finnish telecommunications company is the latest to increase its domestic spending as it looks to optimize its network infrastructure for artificial intelligence.
Nokia Oyj ( NOK ) Analyst/Investor Day November 19, 2025 8:00 AM EST Company Participants David Mulholland - Head of Investor Relations Justin Hotard - President & CEO Pallavi Mahajan - Chief Technology & AI Officer Raghav Sahgal - President of Cloud & Network Services David Heard - President of Network Infrastructure Patrik Hammaren - President of Nokia Technologies Marco Wiren - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James & Associates, Inc., Research Division Terence Tsui - Morgan Stanley, Research Division Felix Henriksson - Nordea Markets, Research Division Sandeep Deshpande - JPMorgan Chase & Co, Research Division Sami Sarkamies - Danske Bank A/S, Research Division Robert Sanders - Deutsche Bank AG, Research Division Artem Beletski - SEB, Research Division Grant Lenehan Timothy Savageaux - Northland Capital Markets, Research Division Andrew Gardiner - Citigroup Inc., Research Division Emil Immonen - DNB Carnegie, Research Division Presentation David Mulholland Head of Investor Relations Hello, ladies and gentlemen, and welcome to Nokia's Capital Markets Day 2025. It's great to see so many of you here in person, and welcome to those of you that are joining us on the webcast.
| Communications Equipment Industry | Information Technology Sector | Justin Hotard CEO | XDUS Exchange | - ISIN |
| FI Country | 78,434 Employees | 28 Oct 2025 Last Dividend | 11 Apr 2000 Last Split | 3 Jan 1994 IPO Date |
Nokia Oyj is a global leader in mobile, fixed, and cloud network solutions, operating through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company caters to a broad spectrum of clients, including communications service providers, webscales, hyperscalers, digital industries, and government entities. With a rich history dating back to 1865, Nokia is headquartered in Espoo, Finland, continuing its legacy of innovation and technological advancement in the telecommunications industry. Nokia's expertise encompasses a comprehensive range of products and services designed to meet the evolving needs of a digitally connected world.
Fixed Networking Solutions: Nokia provides advanced fiber and copper-based access infrastructure, offering in-home Wi-Fi solutions, and supports cloud and virtualization services. These solutions aim to enhance broadband connectivity for residential and business applications.
IP Networking Solutions: The company delivers IP access, aggregation, and edge and core routing solutions tailored for residential, mobile, enterprise, and cloud applications. This segment ensures robust, scalable IP networks that support the demands of an increasingly internet-dependent society.
Optical Networks Solutions: Nokia's optical networks solutions are designed for metro, regional, long-haul, and subsea applications, facilitating the high-speed transmission of vast amounts of data over optical fibers, thereby supporting the backbone of global internet connectivity.
Submarine Networks: Specializing in undersea cable transmission, Nokia plays a critical role in connecting continents and enabling global internet and communications infrastructure through its submarine networks technology.
Mobile Technology Products and Services: Offering comprehensive solutions for radio access networks and microwave radio links, Nokia ensures seamless connectivity and coverage. This includes network management solutions, network planning, optimization, deployment, and technical support services. These offerings are essential for mobile operators to deliver high-quality wireless communication services.
Cloud and Network Services: Nokia's portfolio includes core network solutions (voice and packet core), business applications (security, automation, monetization), cloud and cognitive services, and enterprise solutions such as private wireless and industrial automation. These services are geared towards enhancing the efficiency, security, and profitability of digital and cloud-based operations.
Intellectual Property Licensing: Beyond hardware and services, Nokia licenses its vast array of intellectual property, which includes patents, technologies, and the use of the Nokia brand. This aspect of the business allows other companies to leverage Nokia's innovations in their own products and services, facilitating broader technological advancement and connectivity solutions.