Nokia Oyj

NOKIA: XHEL (FIN)

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Nokia Earnings: Little Expected Acceleration in Optical Growth Disappoints; Shares Fairly Valued

Michael Hodel

Jan 30, 2026

Strong demand for optical products helped Nokia deliver 3% revenue growth during the fourth quarter, excluding currency movements and acquisitions. For the year, adjusted operating profit of EUR 2 billion was in line with management's forecast but still down from EUR 2.6 billion in 2024.

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Nokia Oyj

Nokia Earnings: Little Expected Acceleration in Optical Growth Disappoints; Shares Fairly Valued

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