Nokia Co po atio Stock Excha ge Release23 July 2026 at 8:15 EEST
Nokia today p ovides ecast compa ative fi a cial i fo matio fo Nokia G oup a d its epo table segme ts fo Q1 2026 a d Q1-Q4 2025 eflecti g the p ese tatio of Fixed Wi eless Access CPE a d E te p ise Campus Edge busi esses as disco ti ued ope atio s.
As pa t of the st ategy wo k that led to Nokia’s ew st ategy a d eo ga izatio of its busi ess i to two p ima y ope ati g segme ts, Nokia ide tified seve al u its which we e ot see as co e to the futu e of the compa y’s st ategy. These u its we e moved i to a dedicated ope ati g segme t called Po tfolio Busi esses begi i g f om 1 Ja ua y 2026 while the compa y co ti ued to assess the best value c eati g oppo tu ity fo them. Du i g Q2 2026, Nokia classified the Fixed Wi eless Access CPE a d E te p ise Campus Edge busi esses i cluded i the Po tfolio Busi esses segme t as disco ti ued ope atio s. This followed the ag eeme t Nokia eached to sell its Fixed Wi eless Access CPE busi ess a d its assessme t that it is highly p obable it will each a ag eeme t to sell E te p ise Campus Edge. Classificatio of these busi esses as disco ti ued ope atio s had also a mi o impact o the fi a cial i fo matio fo Netwo k I f ast uctu e a d Mobile I f ast uctu e segme ts due to the scope of expected t a sactio s a d ce t ally allocated costs. Fo mo e i fo matio o Nokia’s cu e t ope atio al a d epo ti g st uctu e a d disco ti ued ope atio s, efe to Note 2. Segme t i fo matio a d Note 3. Disco ti ued ope atio s a d disposal g oups held fo sale i Nokia’s Repo t fo Q2 a d Half Yea 2026.
To p ovide a basis fo compa iso , the followi g tables p ese t summa ized i come stateme t i fo matio fo Nokia G oup a d its epo table segme ts o a u audited basis fo all qua te s a d the full yea of 2025, as well as fo the fi st two qua te s a d fi st half of 2026, eflecti g the p ese tatio of Fixed Wi eless Access CPE a d E te p ise Campus Edge busi esses as disco ti ued ope atio s.
Tables i Excel a e attached to this stock excha ge elease.
| Net sales | 4 300 | 4 443 | 4 700 | 6 021 | 19 464 | 4 433 | 4 815 | 9 248 | G oss p ofit | 1 809 | 1 953 | 2 085 | 2 739 | 8 587 | 1 977 | 2 146 | 4 123 | G oss ma gi % | 42.1% | 44.0% | 44.4% | 45.5% | 44.1% | 44.6% | 44.6% | 44.6% | Resea ch a d developme t expe ses | (1 127) | (1 143) | (1 155) | (1 350) | (4 776) | (1 223) | (1 383) | (2 606) | Selli g, ge e al a d admi ist ative expe ses | (701) | (721) | (710) | (854) | (2 985) | (647) | (817) | (1 464) | Othe ope ati g i come a d expe ses | 23 | 58 | 31 | 39 | 151 | (24) | 4 | (19) | Ope ati g p ofit/(loss) | 4 | 147 | 252 | 575 | 977 | 83 | (50) | 33 | Ope ati g ma gi % | 0.1% | 3.3% | 5.4% | 9.5% | 5.0% | 1.9% | (1.0%) | 0.4% | P ofit/(loss) f om co ti ui g ope atio s | (39) | 99 | 90 | 562 | 712 | 104 | 27 | 131 | P ofit/(loss) fo the pe iod | (60) | 96 | 80 | 544 | 660 | 87 | 5 | 92 |
| Net sales | 4 300 | 4 448 | 4 705 | 6 026 | 19 480 | 4 436 | 4 815 | 9 251 | G oss p ofit | 1 842 | 2 017 | 2 109 | 2 920 | 8 889 | 2 038 | 2 216 | 4 253 | G oss ma gi % | 42.8% | 45.3% | 44.8% | 48.5% | 45.6% | 45.9% | 46.0% | 46.0% | Resea ch a d developme t expe ses | (1 097) | (1 109) | (1 104) | (1 231) | (4 541) | (1 137) | (1 197) | (2 334) | Selli g, ge e al a d admi ist ative expe ses | (559) | (589) | (590) | (664) | (2 402) | (588) | (589) | (1 177) | Othe ope ati g i come a d expe ses | 23 | 48 | 33 | 42 | 145 | (11) | 5 | (7) | Ope ati g p ofit | 209 | 367 | 448 | 1 067 | 2 092 | 301 | 434 | 735 | Ope ati g ma gi % | 4.9% | 8.3% | 9.5% | 17.7% | 10.7% | 6.8% | 9.0% | 7.9% | P ofit/(loss) f om co ti ui g ope atio s | 174 | 252 | 334 | 884 | 1 644 | 311 | 414 | 726 | P ofit/(loss) fo the pe iod | 174 | 252 | 334 | 884 | 1 644 | 311 | 414 | 726 |
| Net sales | 1 639 | 1 825 | 1 850 | 2 332 | 7 646 | 1 829 | 2 037 | 3 866 | G oss p ofit | 686 | 736 | 790 | 1 067 | 3 278 | 792 | 870 | 1 662 | G oss ma gi % | 41.9% | 40.3% | 42.7% | 45.8% | 42.9% | 43.3% | 42.7% | 43.0% | Resea ch a d developme t expe ses | (344) | (374) | (392) | (410) | (1 520) | (398) | (428) | (825) | Selli g, ge e al a d admi ist ative expe ses | (229) | (253) | (256) | (275) | (1 013) | (268) | (272) | (540) | Othe ope ati g i come a d expe ses | (1) | 8 | 1 | 6 | 14 | (6) | (4) | (10) | Ope ati g p ofit | 113 | 117 | 143 | 387 | 760 | 121 | 166 | 287 | Ope ati g ma gi % | 6.9% | 6.4% | 7.7% | 16.6% | 9.9% | 6.6% | 8.2% | 7.4% |
| Net sales | 2 579 | 2 531 | 2 755 | 3 579 | 11 445 | 2 503 | 2 680 | 5 183 | G oss p ofit | 1 140 | 1 266 | 1 302 | 1 817 | 5 525 | 1 213 | 1 320 | 2 533 | G oss ma gi % | 44.2% | 50.0% | 47.3% | 50.8% | 48.3% | 48.5% | 49.3% | 48.9% | Resea ch a d developme t expe ses | (720) | (701) | (683) | (785) | (2 890) | (708) | (735) | (1 443) | Selli g, ge e al a d admi ist ative expe ses | (310) | (293) | (295) | (338) | (1 235) | (283) | (283) | (566) | Othe ope ati g i come a d expe ses | 24 | 39 | 31 | 38 | 131 | 0 | 8 | 8 | Ope ati g p ofit | 134 | 310 | 355 | 732 | 1 531 | 222 | 310 | 532 | Ope ati g ma gi % | 5.2% | 12.3% | 12.9% | 20.4% | 13.4% | 8.9% | 11.6% | 10.3% |
| Net sales | 80 | 89 | 97 | 113 | 379 | 100 | 94 | 194 | G oss p ofit | 21 | 15 | 18 | 35 | 90 | 33 | 27 | 60 | G oss ma gi % | 27.0% | 17.4% | 18.6% | 30.8% | 23.7% | 32.7% | 29.3% | 31.0% | Resea ch a d developme t expe ses | (17) | (18) | (13) | (18) | (65) | (18) | (19) | (37) | Selli g, ge e al a d admi ist ative expe ses | (10) | (10) | (10) | (12) | (42) | (7) | (8) | (16) | Othe ope ati g i come a d expe ses | 0 | 1 | 1 | (2) | 1 | (5) | (1) | (5) | Ope ati g p ofit/(loss) | (6) | (11) | (4) | 4 | (17) | 3 | 0 | 2 | Ope ati g ma gi % | (7.3%) | (12.5%) | (4.3%) | 3.5% | (4.5%) | 2.9% | (0.5%) | 1.3% |
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