Revenue segments as reported by the company.

Communication service providers

Enterprise

Licensees

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Selling, general and administrative

Other operating income and expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Nokia

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks. The Network Infrastructure serves communication service providers, enterprises, webscales and public sector customers. The Cloud and Network Services segment builds around software and the cloud and is focused on driving leadership in cloud-native software and as-a-service delivery models, as demand for critical networks accelerates; and with strong market positions in communications software, private wireless networks, and cognitive (or intelligent) services. The Nokia Technologies segment, building on decades of innovation and R&D leadership in technologies used in virtually all mobile devices used today, is expanding the Nokia patent licensing business, reintroducing the Nokia brand to smartphones through brand licensing, and establishing a technology licensing business. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Nokia (NOK) reports lower revenues year over year in the second quarter of 2023 due to declining trends in Network Infrastructure and demand softness in North America.

Nokia's (NOK) Q2 Earnings Miss Estimates, Revenues Fall Y/Y

Nokia Oyj (NYSE:NOK ) Q2 2023 Earnings Conference Call July 20, 2023 4:30 AM ET Company Participants David Mulholland - Head of Investor Relations Pekka Lundmark - President & Chief Executive Officer Marco Wiren - Chief Financial Officer Conference Call Participants Aleksander Peterc - Societe Generale Francois Bouvignies - UBS Sébastien Sztabowicz - Kepler Cheuvreux Artem Beletski - SEB Daniel Djurberg - Handelsbanken Simon Leopold - Raymond James & Associates Joseph Zhou - Redburn Richard Kramer - Arete Research Services Sami Sarkamies - Danske Bank David Mulholland Good morning, ladies and gentlemen and welcome to Nokia's Second Quarter 2023 Results Call. I'm David Mulholland, Head of Investor Relations.

Nokia Oyj (NOK) Q2 2023 Earnings Call Transcript

Wireless and fixed-network equipment maker Nokia on Thursday reported a fall in second quarter profit as clients especially in North America postponed investments due to a slowdown in economic growth and rising financing costs.

Nokia profits fall as clients particularly in North America shun investments

Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a decline in margin as growth in sales of 5G gear in low-margin markets such as India failed to offset slowing demand in North America.

Nokia profit falls as North American slowdown dents margins

Nokia CorporationHalf Year Financial Report20 July 2023 at 08:00 EEST Nokia Corporation Financial Report for Q2 and Half Year 2023 Resilient performance amidst macro uncertainty Q2 net sales flat y-o-y in constant currency (-3% reported). Enterprise net sales grew 27% y-o-y in constant currency (25% reported).

Nokia Corporation Financial Report for Q2 and Half Year 2023

Nokia CorporationStock Exchange Release19 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 19.07.2023 Espoo, Finland – On 19 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 359,609 3.53 CEUX 16,955 3.52 AQEU 15,505 3.53 TQEX 7,931 3.52 Total 400,000 3.52 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 19.07.2023

Nokia (NOK) is expected to report higher revenues year over year in the second quarter of 2023, backed by its robust product portfolio, rapid 5G expansions and technological innovations.

Will Higher Revenues Augment Nokia's (NOK) Q2 Earnings?

Nokia CorporationStock Exchange Release18 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 18.07.2023 Espoo, Finland – On 18 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 329,524 3.49 CEUX 51,603 3.50 AQEU 9,526 3.50 TQEX 12,347 3.50 Total 403,000 3.49 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 18.07.2023

Press release Nokia SaaS service, AVA Charging, selected by GO plc to support 5G and IoT monetization 18 July 2023 Espoo, Finland – Nokia announced today that its AVA Charging Software-as-a-Service (SaaS) solution has been chosen by GO plc, Malta's leading communications provider, to help it accelerate the time to value of new offerings for 5G and IoT use cases, expanding the commercial relationship between the two companies. GO plc, a Nokia 5G RAN partner, will move from Nokia's SurePay solution to AVA Charging SaaS, using software consumed on demand through a subscription that facilitates rapid customer adoption and usage by reducing the time spent on software installation and configuration.

Nokia SaaS service, AVA Charging, selected by GO plc to support 5G and IoT monetization

Nokia pre-announced a disappointing outlook ahead of its quarterly report set for this Thursday. Cost cut efforts are underway as the firm preserves margins. Look out for the company re-affirming a recovery in demand later this year.

Buy, Hold, Or Sell Nokia Ahead Of Q2 Earnings?

Nokia CorporationStock Exchange Release17 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 17.07.2023 Espoo, Finland – On 17 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 392,329 3.47 CEUX 3,386 3.45 AQEU 6,862 3.45 TQEX 3,423 3.47 Total 406,000 3.47 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 17.07.2023

AMC Entertainment

Atomera

BlackBerry

Bed Bath & Beyond

GameStop

Kroger

Virgin Galactic

Meme stocks have climbed higher in 2023 as part of a broader rally. A fund that tracks retail traders' favorites has jumped 60% year-to-date, and recently hit a one-year high.

Meme stocks are rallying again – and that's bad news for the market

Nokia (NYSE: NOK ) hasn't been able to catch a break this year, something that has only been accentuated today by an unscheduled business update. Specifically, management lowered its net sales outlook for the current fiscal year, sending investors rushing for the exits.

Why Is Nokia (NOK) Stock Down 9% Today?

Nokia CorporationStock Exchange Release14 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 14.07.2023 Espoo, Finland – On 14 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 396,497 3.56 CEUX 503 3.52 AQEU 0 0.00 TQEX 0 0.00 Total 397,000 3.56 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 14.07.2023

LM Ericsson Telefon

Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.

Nokia and Ericsson ADRs Tumble on a Slowdown in Demand for Telecom Equipment

Nokia just lowed its full-year guidance for 2023. The company is in the early innings of its corporate refresh, which makes the lower guidance all that more discouraging.

Why Nokia Stock Dropped Today

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook.

Ericsson and Nokia feel squeeze of interest rates hikes

Nokia and Ericsson shares fell after both gave disappointing guidance on Friday and flagged a slowdown in North American sales.

Nokia, Ericsson Stocks Are Tumbling. U.S. Telecom Companies Are Cutting Back.

Shares of Nokia Oyj and Ericsson AB tumbled on Friday after the mobile device and network equipment rivals dropped a warning and some lackluster results on investors amid struggles with weak North American markets.

Nokia and Ericsson shares tumble on profit warning, lackluster results driven by weak U.S. markets

Finnish telecom gear group Nokia reported on Friday preliminary second-quarter sales of 5.7 billion euros ($6.4 billion) and a comparable operating profit margin of 11%, and lowered its full-year outlook.

Nokia warns on second quarter, lowers full-year results guidance

Nokia CorporationInside information14 July 2023 at 08:30 EEST Inside information: Nokia lowers net sales and narrows operating margin outlook for 2023 Nokia lowers net sales outlook to EUR 23.2 billion to 24.6 billion from EUR 24.6 billion to EUR 26.2 billion Narrows comparable operating margin range to 11.5% to 13% from 11.5% to 14% Reports preliminary Q2 financial results of approximately EUR 5.7 billion net sales and 11% comparable operating margin Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2023. Nokia is lowering its full year net sales outlook to a range of EUR 23.2 billion to EUR 24.6 billion (previously EUR 24.6 billion to 26.2 billion) and narrowing its comparable operating margin range outlook to 11.5% to 13% (previously 11.5% to 14%).

Inside information: Nokia lowers net sales and narrows operating margin outlook for 2023

Nokia CorporationStock Exchange Release13 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 13.07.2023 Espoo, Finland – On 13 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 346,914 3.91 CEUX 4,329 3.92 AQEU 4,065 3.92 TQEX 7,692 3.91 Total 363,000 3.91 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 13.07.2023

Press Release Nokia to publish second-quarter and half-year financial report on 20 July 2023 13 July 2023Espoo, Finland – Nokia will publish its second-quarter and half-year financial report on 20 July 2023 at approximately 8 a.m. Finnish time (EEST).

Nokia to publish second-quarter and half-year financial report on 20 July 2023

Nokia CorporationStock Exchange Release12 July 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 12.07.2023 Espoo, Finland – On 12 July 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 296,363 3.89 CEUX 32,880 3.88 AQEU 7,819 3.89 TQEX 23,938 3.87 Total 361,000 3.89 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia's Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million.

Nokia Corporation: Repurchase of own shares on 12.07.2023

The stock market rally of 2023 has been criticized by more than a few for being concentrated in just a few big tech companies.

News for Nokia Stock (NOK)