Nokia Reports In-Line Q4/FY2025 Results, Issues 2026 Guidance, and Highlights Strategic NVIDIA Partnership

summarizeZusammenfassung

Nokias Q4 und full year 2025 financial results waren in line mit prior expectations, providing stability. The company's 2026 guidance for comparable operating profit, targeting EUR 2.0 to 2.5 billion, offers a clear forward-looking trajectory. A key highlight is the strategic partnership with NVIDIA, which included a substantial USD 1.0 billion (EUR 0.86 billion) equity investment, signaling strong confidence in Nokias AI-RAN market leadership and data center networking evolution. This capital infusion and strategic alignment with AI trends are significant for Nokias future growth. Additionally, the proposed EUR 0.14 per share dividend for 2025 is a positive for shareholders, and the simplification of the operating model into Network Infrastructure and Mobile Infrastructure segments, effective January 2026, aims to sharpen execution and accountability.

check_boxSchlusselereignisse

• Q4 und Full Year 2025 Results In-Line

  Nokia reported Q4 2025 comparable net sales growth of 3% year-over-year (constant currency and portfolio basis) to EUR 6.1 billion, with full year comparable net sales growing 2%. Full year comparable operating profit was EUR 2.0 billion, within prior guidance.

• Introduces 2026 Financial Guidance

  The company targets comparable operating profit of EUR 2.0 to 2.5 billion for full year 2026, with Network Infrastructure net sales growth of 6-8% CAGR and free cash flow conversion of 55-75%.

• Strategic NVIDIA Partnership und Equity Investment

  NVIDIA Corporation made a USD 1.0 billion (EUR 0.86 billion) equity investment in Nokia, acquiring an approximately 2.90% stake. This is part of a strategic partnership to lead the AI-RAN market and support data center networking evolution.

• Proposed Dividend for 2025

  The Board proposes a dividend authorization of EUR 0.14 per share for the financial year 2025, with EUR 0.03 per share resolved for distribution in Q4 2025.

auto_awesomeAnalyse

Nokias Q4 und full year 2025 financial results waren in line mit prior expectations, providing stability. The company's 2026 guidance for comparable operating profit, targeting EUR 2.0 to 2.5 billion, offers a clear forward-looking trajectory. A key highlight is the strategic partnership with NVIDIA, which included a substantial USD 1.0 billion (EUR 0.86 billion) equity investment, signaling strong confidence in Nokias AI-RAN market leadership and data center networking evolution. This capital infusion and strategic alignment with AI trends are significant for Nokias future growth. Additionally, the proposed EUR 0.14 per share dividend for 2025 is a positive for shareholders, and the simplification of the operating model into Network Infrastructure and Mobile Infrastructure segments, effective January 2026, aims to sharpen execution and accountability.