Nokia Results Q2 2026: Revenue, Profit and Margins

Name: Nokia quarterly results
Creator: Finpendium
License: https://creativecommons.org/licenses/by/4.0/

Latest report: Nokia half-year report Jan–Jun 2026, published July 23, 2026

In Q2 2026, Nokia’s revenue was €4,815.0 million, up 8.4% from Q2 2025. Operating loss was €50.0 million, an operating margin of −1.0% (Q2 2025: 3.3%). Net income for the period was €5.0 million and earnings per share €0.00.

Nokia: From revenue to net income, Q2 '26, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: From revenue to net income · Q2 '26, EUR million

Key figures for Q2 2026

Nokia key figures, Q2 2026 vs Q2 2025
	Q2 2026	Q2 2025	Change
Revenue, €M	4,815.0	4,443.0	+8.4%
Gross profit, €M	2,146.0	1,953.0	+9.9%
Gross margin	44.6%	44.0%	+0.6 pp
Operating profit, €M	−50.0	147.0	−134.0%
Operating margin	−1.0%	3.3%	−4.3 pp
Adjusted operating profit, €M	434.0	367.0	+18.3%
Net income, €M	5.0	96.0	−94.8%
Net margin	0.1%	2.2%	−2.1 pp
Earnings per share	€0.00	€0.02	−100.0%

Nokia in charts

Nokia: What drove the change in operating profit, Q2 '25 → Q2 '26, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: What drove the change in operating profit · Q2 '25 → Q2 '26, EUR million

Nokia: Revenue by region, Quarterly, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: Revenue by region · Quarterly, EUR million

Nokia: Profitability, Quarterly, % of revenue. Source: Nokia half-year report Jan–Jun 2026. — Nokia: Profitability · Quarterly, % of revenue

Nokia: Revenue trend, Quarterly, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: Revenue trend · Quarterly, EUR million

Nokia: Operating profit trend, Quarterly, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: Operating profit trend · Quarterly, EUR million

Nokia: Revenue and earnings, last twelve months, Rolling four-quarter sum, EUR million. Source: Nokia half-year report Jan–Jun 2026. — Nokia: Revenue and earnings, last twelve months · Rolling four-quarter sum, EUR million

Nokia: Earnings per share · Quarterly, EUR

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<figure><a href="https://finpendium.com/companies/nokia/"><img src="https://finpendium.com/charts/nokia/2026-q2/eps.svg" alt="Nokia: Earnings per share, Quarterly, EUR. Source: Nokia half-year report Jan–Jun 2026." width="800" height="366" style="max-width:100%;height:auto"></a><figcaption>Chart: <a href="https://finpendium.com/companies/nokia/">Nokia results on Finpendium</a></figcaption></figure>

Quarterly results

Nokia quarterly results (€M unless stated)
Quarter	Revenue	Change y/y	Operating profit	Operating margin	Net income	EPS
Q2 2026	4,815.0	+8.4%	−50.0	−1.0%	5.0	€0.00
Q1 2026	4,497.0	+2.4%	62.0	1.4%	87.0	€0.02
Q4 2025	6,125.0	+2.4%	540.0	8.8%	544.0	€0.10
Q3 2025	4,828.0	+11.6%	239.0	5.0%	80.0	€0.01
Q2 2025	4,443.0	—	147.0	3.3%	96.0	€0.02
Q1 2025	4,390.0	—	−21.0	−0.5%	−60.0	−€0.01
Q4 2024	5,983.0	—	861.0	14.4%	813.0	€0.15
Q3 2024	4,326.0	—	278.0	6.4%	175.0	€0.03

Annual results

Nokia annual results (€M unless stated)
Year	Revenue	Operating profit	Operating margin	Net income	EPS
2025	19,889.0	885.0	4.4%	660.0	€0.12
2024	19,220.0	1,970.0	10.2%	1,284.0	€0.23
2023	21,138.0	1,661.0	7.9%	679.0	€0.12

Revenue by region

Nokia revenue by region, Q2 2026 vs Q2 2025 (€M)
Region	Q2 2026	Q2 2025	Change
APAC	982.0	951.0	+3.3%
EMEA	2,055.0	1,937.0	+6.1%
Americas	1,778.0	1,554.0	+14.4%

Dividends

Nokia dividend per share by financial year
Financial year	Dividend per share	EPS	Payout ratio	Status	Source
2025	€0.14	—	—	Board proposal	Release
2024	€0.14	—	—	Board proposal	Release

“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio calculator); N/M means not meaningful (loss).

Calculate it yourself

Operating margin calculatorNokia in Q2 2026: −1.0%
Net margin calculatorNokia in Q2 2026: 0.1%
Gross margin calculatorNokia in Q2 2026: 44.6%
Earnings per share calculatorNokia in Q2 2026: €0.00

About Nokia

Nokia is a Finnish telecommunications company that makes mobile and fixed network equipment and software and licenses its patents.

Sources

Nokia half-year report Jan–Jun 2026, published Jul 23, 2026
Nokia interim report Jan–Mar 2026, published Apr 23, 2026
Nokia financial statements release 2025, published Jan 29, 2026
Nokia interim report Jan–Sep 2025, published Oct 23, 2025
Nokia half-year report Jan–Jun 2025, published Jul 24, 2025
Nokia interim report Jan–Mar 2025, published Apr 24, 2025
Nokia financial statements release 2024, published Jan 30, 2025
Nokia interim report Jan–Sep 2024, published Oct 17, 2024

About these figures. All figures come from Nokia’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.