Nokia Oyj (NOK) Q1 2026 Earnings Call Transcript
Nokia's shares surged to a 16-year high on Thursday after the Finnish telecom equipment maker reported stronger-than-expected quarterly earnings and raised its growth outlook for its artificial intelligence-focused business. Shares listed in Finland climbed more than 9%, reaching their highest level since April 2010 when it was only known as a phone company, while the company's New York-listed shares gained nearly 11% in pre-market trading.
Europe lacks the infrastructure needed to build up artificial intelligence data centres and is not investing enough to keep business from moving to China and the United States, the head of Nokia said on Thursday.
Nokia sees overall sales in the network infrastructure business growing 12%-14% this year, having previously expected 6%-8%.
Nokia posted a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker continued to see high demand from artificial intelligence and cloud customers, booking orders worth 1 billion euros ($1.2 billion).
NOK eyes Q1 growth on AI network demand, 5G momentum and key partnerships as new deals and deployments begin driving revenues into 2026.
Does Nokia (NOK) have what it takes to be a top stock pick for momentum investors? Let's find out.
A powerful reawakening is underway at Nokia Corporation NYSE: NOK, and Wall Street is finally taking notice. In mid-April, Nokia's stock price rose 9% in a single day to a new 52-week high of around $10.50, driven by trading volume that more than doubled its daily average.
Nokia retains its Buy rating, driven by strong momentum and Nvidia's $1B investment for AI-powered 6G platforms. NOK benefits from hyperscaler demand, 800G upgrades, and leadership in edge routing, despite stretched valuations and weak growth grades. Upcoming earnings are expected to show $0.05 EPS on $5.42B revenue, with mixed analyst revisions and YoY EPS declines.
Nokia (NOK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Grupo Santander analyst Carlos Trevino has downgraded Nokia (NYSE:NOK) to Underperform from Outperform, setting a price target of EUR 6.85 and signaling that the telecom equipment rally has run its course.
Aquatic Capital Management LLC trimmed its position in shares of Nokia Corporation (NYSE: NOK) by 12.7% during the undefined quarter, according to its most recent 13F filing with the SEC. The fund owned 1,960,616 shares of the technology company's stock after selling 284,888 shares during the quarter. Aquatic Capital Management LLC's holdings in