Nokia reported adjusted earnings per share of €0.05, beating analyst consensus of €0.04 by €0.01 for Q1 2026 overall.
Revenue of €4.49 billion fell short of the €5.32 billion analyst estimate, marking a slowdown in reported growth for the quarter.
Net sales rose 4% YoY, with gross margin expanding 320 bps to 45.5% and operating margin improving 200 bps to 6.2%.
Nokia kept its FY2026 operating profit target of €2.0‑€2.5 billion, forecasted 12‑14% Network Infrastructure growth, and declared a €0.04 per share dividend.