Nokia Oyj · NOK · Next earnings

Nokia Oyj reports Thursday, Oct 22, 2026

NOK reports before market open with consensus EPS at $0.08 and revenue at $5.72B. Last quarter: Nokia Q3: AI and Cloud Growth Lift Margins, Cash Flow Lags

Reports Before market open0 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $0.08 Calendar consensus
Consensus revenue $5.72B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 0 days away

Where NOK left off: FY2026 Q3

Full report

Nokia Q3: AI and Cloud Growth Lift Margins, Cash Flow Lags

EPS surprise — Reported — vs $0.08
Revenue surprise — Reported — vs $5.72B
Stock move -12.4% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained; management's operating-profit guidance sentiment was maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain constraints and component price inflation.
  • Capital intensity and execution risk around fab expansion and the optical roadmap.
  • Restructuring execution, product-mix pressure and a possible slowdown in mobile infrastructure demand.

Questions analysts left open

  • Execution and yield ramp for the 6-inch indium-phosphide Fab 2.
  • Margin pressure from new-product ramp-up and product mix.
  • Timing and profitability impact of restructuring actions.

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Recent NOK quarters

All NOK earnings
-12.4%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.