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.
Nokia is dividing its artificial intelligence (AI) and telecom businesses into separate units. The tech company announced Wednesday (Nov. 19) that its new network infrastructure division would house its AI and data center operations, while its telecoms network operations would become part of its mobile infrastructure unit.
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