# Nokia Oyj share price today (Nokia Oyj, NOK)

> Nokia Oyj's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. NOK · Technology · Communication Equipment · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/nok

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $8.25 (+20.6% in a year)
- P/E: 53.6×, against its own history
- Revenue (Sep 2026): EUR 5.2 B (+9.7% on a year ago)
- Profit (Sep 2026): EUR 156 M (+97.5% on a year ago)
- Operating margin: 10.8% (+3.8 points on a year ago)
- ROE: 3%, FY25
- ROIC: 7.8%, against a 8.0% cost of capital: −0.2 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Nokia Oyj share price today? Nokia Oyj's share price was $8.25 at the close on 4 November 2026. It has been moving sideways for 4 weeks. That is 20.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $6 and $15, and at that close it sat 24% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 17 weeks running. Over the last 10 years the share price moved +51% while the S&P 500 moved +261%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Nokia Oyj pay? Nokia Oyj declared EUR 0.14 per local share for Dec 2025. It reports in euros, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Nokia Oyj on? Nokia Oyj is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Nokia Oyj profitable? Nokia Oyj earned EUR 156 M of net profit in the Sep 2026 quarter, +97.5% on the same quarter a year earlier. Full-year FY25 profit was EUR 660 M. Over 4 years profit has grown −20.4% a year on average. That is 3.0% of the quarter's revenue. The same quarter a year earlier earned EUR 79.0 M. 3 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was EUR 660 M (−48.6% on the year before). Why profit moved: revenue changed +9.7% on a year earlier and the margin moved +3.8 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −10.1% and revenue +5.9%. Profit is growing slower than sales: rising costs are taking part of the growth. This company reports in euros, not US dollars, so the money charts are left out here. The figures in the text are in that currency (EUR); nothing is converted. ## How much revenue does Nokia Oyj make, and is it growing? Nokia Oyj reported EUR 5.2 B of revenue in the Sep 2026 quarter, +9.7% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown −2.7% a year on average. The last full year, FY25, came in at EUR 19.9 B. The last four reported quarters add to EUR 20.5 B. FY25 revenue was EUR 19.9 B, +3.5% on the year before. Recent pace: the last four quarters grew +5.9% on average, against −2.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.7%, against +4.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −14.5%, against +34.7% a year (rolling over). This company reports in euros, not US dollars, so the money charts are left out here. The figures in the text are in that currency (EUR); nothing is converted. ## How much of its sales does Nokia Oyj keep? Nokia Oyj's operating margin was 10.8% in the Sep 2026 quarter, 3.8 percentage points higher than the same quarter a year ago. Across 5 years it has been between 7.7% and 12.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.8 percentage points on the year while gross margin changed −0.2 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Nokia Oyj's profit turning into cash? Over the last 3 years, 224% of Nokia Oyj's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in EUR 2.1 B of operating cash against EUR 660 M of profit. After EUR 606 M of spending on assets, EUR 1.5 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in euros, not US dollars, so the money charts are left out here. The figures in the text are in that currency (EUR); nothing is converted. ## Where does Nokia Oyj's cash go? Nokia Oyj does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent EUR 1.7 B on assets over the last 3 years. Averaged over those years that is 2.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: EUR 1.7 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in euros, not US dollars, so the money charts are left out here. The figures in the text are in that currency (EUR); nothing is converted. ## What is Nokia Oyj's P/E ratio, and how does it compare with its own history? Nokia Oyj's P/E is 53.6×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Nokia Oyj business getting better or worse? Nokia Oyj's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 7.2%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Nokia Oyj earn on its capital? Nokia Oyj earned a ROE of 3% in FY25. Its return on capital used (ROIC) is 0.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.3% net margin and 0.53× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 3.3% net margin × 0.53× asset turnover × 1.79× leverage (assets divided by equity) ≈ 3.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.8% − 8.0% = −0.2 percentage points. The 8.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 5.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Nokia Oyj have too much debt? Nokia Oyj has total debt of EUR 3.4 B against shareholder equity of EUR 21.3 B as of Sep 2026, so its debt is 0.16× its equity, which is very little. Year by year, that ratio went from 0.32 in FY21 to 0.21 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in euros, not US dollars, so the money charts are left out here. The figures in the text are in that currency (EUR); nothing is converted. ## What is the Nokia Oyj shareholding pattern? 1.7% of Nokia Oyj's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 1.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Nokia Oyj from balance-sheet trouble? For Nokia Oyj, the Z-score is 2.56. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.56 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Nokia Oyj rank in its industry? 42.7 out of 100, rank 21 of 29 in Communication Equipment, with 75% of the evidence available. Nokia Oyj scores 42.7 out of 100 against the 29 companies it is compared with in Communication Equipment, ranking 21. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.4 + 11.8 + 9.1 + 7.4 = 42.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Nokia Oyj compared with? Nokia Oyj ranks 21 of 29 Communication Equipment companies on the 4-Factor Sector Score, with 42.7 out of 100. 1. [Cisco Systems, Inc.](https://www.sectoralpha.in/us/stocks/csco) CSCO · quiet · Most evidence points up · 85% evidence 72.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.1/35 · Revenue 11.8% · Profit 30.3% · Operating margin change 6.6 points · 95% evidence Capital efficiency 19.6/25 · ROCE 18.2% · Operating margin 27.7% · 76% evidence Valuation 12.8/20 · P/E 33.9× · PEG 1.09 · 65% evidence Relative strength 15.6/20 · Lead over its industry 11.2% · Lead over S&P 500 1.1% · 1 year 45.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.1 + 19.6 + 12.8 + 15.6 = 72.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Zebra Technologies Corporation](https://www.sectoralpha.in/us/stocks/zbra) ZBRA · losing its lead · Too little evidence to rank firmly · 58% evidence 71.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue n/a · Profit n/a · Operating margin change 6.7 points · 45% evidence Capital efficiency 19.8/25 · ROCE 20.9% · Operating margin 21.3% · 76% evidence Valuation 10.3/20 · P/E 23.6× · PEG n/a · 15% evidence Relative strength 18.5/20 · Lead over its industry 23.3% · Lead over S&P 500 13.8% · 1 year 28.1% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.1 + 19.8 + 10.3 + 18.5 = 71.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Motorola Solutions, Inc.](https://www.sectoralpha.in/us/stocks/msi) MSI · leader · Too little evidence to rank firmly · 58% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue n/a · Profit n/a · Operating margin change 0.8 points · 45% evidence Capital efficiency 20.6/25 · ROCE 22.9% · Operating margin 27.4% · 76% evidence Valuation 9.7/20 · P/E 32.9× · PEG n/a · 15% evidence Relative strength 18.7/20 · Lead over its industry 17.9% · Lead over S&P 500 8.7% · 1 year 27.2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.4 + 20.6 + 9.7 + 18.7 = 65.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Ubiquiti Inc.](https://www.sectoralpha.in/us/stocks/ui) UI · quiet · Evidence leans up · 81% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 27.2% · Profit 35% · Operating margin change 1.9 points · 83% evidence Capital efficiency 21.9/25 · ROCE 75.4% · Operating margin 36.3% · 76% evidence Valuation 13.7/20 · P/E 33.7× · PEG 0.97 · 65% evidence Relative strength 8.0/20 · Lead over its industry -12% · Lead over S&P 500 -19.3% · 1 year -9.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19.1 + 21.9 + 13.7 + 8 = 62.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Hewlett Packard Enterprise Company](https://www.sectoralpha.in/us/stocks/hpe) HPE · losing its lead · Evidence leans up · 85% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 26.6% · Profit 100% · Operating margin change 7.2 points · 95% evidence Capital efficiency 12.1/25 · ROCE 6.6% · Operating margin 12.6% · 76% evidence Valuation 5.9/20 · P/E 23.7× · PEG 3.75 · 65% evidence Relative strength 16.9/20 · Lead over its industry 41.6% · Lead over S&P 500 27% · 1 year 113.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 26.5 + 12.1 + 5.9 + 16.9 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Extreme Networks, Inc.](https://www.sectoralpha.in/us/stocks/extr) EXTR · quiet · Evidence leans up · 74% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 12.6% · Profit n/a · Operating margin change 7 points · 62% evidence Capital efficiency 13.7/25 · ROCE 12.5% · Operating margin 6.4% · 76% evidence Valuation 5.6/20 · P/E 100.5× · PEG 3.23 · 65% evidence Relative strength 17.5/20 · Lead over its industry 12.9% · Lead over S&P 500 2.3% · 1 year 31.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 13.7 + 5.6 + 17.5 = 59 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Harmonic Inc.](https://www.sectoralpha.in/us/stocks/hlit) HLIT · basing · Too little evidence to rank firmly · 56% evidence 56.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue n/a · Profit n/a · Operating margin change 10.3 points · 39% evidence Capital efficiency 14.3/25 · ROCE 11.9% · Operating margin 18% · 76% evidence Valuation 11.1/20 · P/E -24.2× · PEG n/a · 15% evidence Relative strength 9.1/20 · Lead over its industry -6.4% · Lead over S&P 500 -14.5% · 1 year 2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.2 + 14.3 + 11.1 + 9.1 = 56.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Digi International Inc.](https://www.sectoralpha.in/us/stocks/dgii) DGII · losing its lead · Evidence leans up · 81% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 19.9% · Profit 16.7% · Operating margin change 2.6 points · 83% evidence Capital efficiency 14.1/25 · ROCE 8.7% · Operating margin 16.5% · 76% evidence Valuation 4.2/20 · P/E 58× · PEG 5.51 · 65% evidence Relative strength 17.0/20 · Lead over its industry 27.7% · Lead over S&P 500 15.6% · 1 year 105% · 100% evidence · 6 of 12 weeks ahead Exact sum: 19.4 + 14.1 + 4.2 + 17 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Ciena Corporation](https://www.sectoralpha.in/us/stocks/cien) CIEN · quiet · Evidence leans up · 85% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Revenue 32.6% · Profit 100% · Operating margin change 11.9 points · 95% evidence Capital efficiency 17.0/25 · ROCE 12.9% · Operating margin 18.1% · 76% evidence Valuation 4.4/20 · P/E 81.6× · PEG 4.67 · 65% evidence Relative strength 2.2/20 · Lead over its industry -21.4% · Lead over S&P 500 -30.1% · 1 year 36.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.7 + 17 + 4.4 + 2.2 = 54.3 · What this means: Earnings are strong; relative strength in its sector is -21.4% and the one-year return is 36.5%. 10. [Lumentum Holdings Inc.](https://www.sectoralpha.in/us/stocks/lite) LITE · losing its lead · Evidence leans up · 64% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 83.2% · Profit n/a · Operating margin change 28.7 points · 62% evidence Capital efficiency 13.4/25 · ROCE 11.3% · Operating margin 28% · 76% evidence Valuation 8.7/20 · P/E 114.5× · PEG n/a · 15% evidence Relative strength 4.8/20 · Lead over its industry -5.3% · Lead over S&P 500 -16.2% · 1 year 161.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.7 + 13.4 + 8.7 + 4.8 = 52.6 · What this means: Earnings are strong; relative strength in its sector is -5.3% and the one-year return is 161.1%. 11. [Belden Inc.](https://www.sectoralpha.in/us/stocks/bdc) BDC · quiet · Evidence leans down · 81% evidence 47.9 out of 100 Growth Capital Valuation Relative
12. [Clearfield, Inc.](https://www.sectoralpha.in/us/stocks/clfd) CLFD · turning · Too little evidence to rank firmly · 56% evidence 47.8 out of 100 Growth Capital Valuation Relative
13. [BK Technologies Corporation](https://www.sectoralpha.in/us/stocks/bkti) BKTI · basing · Evidence leans down · 81% evidence 47.4 out of 100 Growth Capital Valuation Relative
14. [Viavi Solutions Inc.](https://www.sectoralpha.in/us/stocks/viav) VIAV · quiet · Evidence leans down · 71% evidence 46.1 out of 100 Growth Capital Valuation Relative
15. Silicom Ltd. SILC · losing its lead · Evidence leans down · 64% evidence 46.0 out of 100 Growth Capital Valuation Relative
16. [Lantronix, Inc.](https://www.sectoralpha.in/us/stocks/ltrx) LTRX · quiet · Evidence leans down · 64% evidence 45.2 out of 100 Growth Capital Valuation Relative
17. [Aviat Networks, Inc.](https://www.sectoralpha.in/us/stocks/avnw) AVNW · basing · Too little evidence to rank firmly · 58% evidence 44.4 out of 100 Growth Capital Valuation Relative
18. [AudioCodes Ltd.](https://www.sectoralpha.in/us/stocks/audc) AUDC · quiet · Evidence leans down · 74% evidence 43.9 out of 100 Growth Capital Valuation Relative
19. [Viasat, Inc.](https://www.sectoralpha.in/us/stocks/vsat) VSAT · quiet · Evidence leans down · 64% evidence 43.6 out of 100 Growth Capital Valuation Relative
20. [Gilat Satellite Networks Ltd.](https://www.sectoralpha.in/us/stocks/gilt) GILT · quiet · Evidence leans down · 81% evidence 43.3 out of 100 Growth Capital Valuation Relative
21. Nokia Oyj this page NOK · quiet · Evidence leans down · 75% evidence 42.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.7% · Profit -14.6% · Operating margin change 3.8 points · 95% evidence Capital efficiency 11.8/25 · ROCE 7.3% · Operating margin 10.8% · 76% evidence Valuation 9.1/20 · P/E 64.6× · PEG n/a · 15% evidence Relative strength 7.4/20 · Lead over its industry -8.3% · Lead over S&P 500 -17.9% · 1 year 20.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.4 + 11.8 + 9.1 + 7.4 = 42.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 22. [Frequency Electronics, Inc.](https://www.sectoralpha.in/us/stocks/feim) FEIM · losing its lead · Evidence leans down · 75% evidence 41.4 out of 100 Growth Capital Valuation Relative
23. [AST SpaceMobile, Inc.](https://www.sectoralpha.in/us/stocks/asts) ASTS · quiet · Evidence leans down · 64% evidence 40.5 out of 100 Growth Capital Valuation Relative
24. [NETGEAR, Inc.](https://www.sectoralpha.in/us/stocks/ntgr) NTGR · quiet · Evidence leans down · 64% evidence 38.9 out of 100 Growth Capital Valuation Relative
25. [ADTRAN Holdings, Inc.](https://www.sectoralpha.in/us/stocks/adtn) ADTN · basing · Evidence leans down · 64% evidence 38.6 out of 100 Growth Capital Valuation Relative
26. [Applied Optoelectronics, Inc.](https://www.sectoralpha.in/us/stocks/aaoi) AAOI · quiet · Evidence leans down · 61% evidence 37.9 out of 100 Growth Capital Valuation Relative
27. [Ondas Inc.](https://www.sectoralpha.in/us/stocks/onds) ONDS · quiet · Evidence leans down · 64% evidence 36.5 out of 100 Growth Capital Valuation Relative
28. [Telesat Corporation](https://www.sectoralpha.in/us/stocks/tsat) TSAT · losing its lead · Most evidence points down · 64% evidence 34.8 out of 100 Growth Capital Valuation Relative
29. [Vistance Networks, Inc.](https://www.sectoralpha.in/us/stocks/visn) VISN · basing · Most evidence points down · 65% evidence 31.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Communication Equipment](https://www.sectoralpha.in/us/sectors/communication-equipment), all 29 compared on one page. ## Which companies are close to Nokia Oyj in size? Nokia Oyj is the 5th largest of 30 Communication Equipment companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Motorola Solutions, Inc., Hewlett Packard Enterprise Company and Lumentum Holdings Inc. Just below it: Ciena Corporation, Telefonaktiebolaget LM Ericsson (publ) and Ubiquiti Inc. ### Communication Equipment companies close in size

1. [Motorola Solutions, Inc.](https://www.sectoralpha.in/us/stocks/msi) $82.3 billion
2. [Hewlett Packard Enterprise Company](https://www.sectoralpha.in/us/stocks/hpe) $66.5 billion
3. [Lumentum Holdings Inc.](https://www.sectoralpha.in/us/stocks/lite) $56.8 billion
4. Nokia Oyj $46.9 billion
5. [Ciena Corporation](https://www.sectoralpha.in/us/stocks/cien) $38.6 billion
6. [Telefonaktiebolaget LM Ericsson (publ)](https://www.sectoralpha.in/us/stocks/eric) $35.9 billion
7. [Ubiquiti Inc.](https://www.sectoralpha.in/us/stocks/ui) $33.6 billion

[All 30 Communication Equipment companies, largest first](https://www.sectoralpha.in/us/sectors/communication-equipment#all-companies)

### Companies close in size in other industries

1. [HEICO Corporation](https://www.sectoralpha.in/us/stocks/hei) $47.2 billion · Aerospace & Defense
2. [State Street Corporation](https://www.sectoralpha.in/us/stocks/stt) $47.2 billion · Asset Management
3. Nokia Oyj $46.9 billion
4. [Franco-Nevada Corporation](https://www.sectoralpha.in/us/stocks/fnv) $46.8 billion · Gold
5. [ArcelorMittal S.A.](https://www.sectoralpha.in/us/stocks/mt) $46.7 billion · Steel

## What else do people ask about Nokia Oyj? ### What were Nokia Oyj's latest quarterly results? Nokia Oyj reported revenue of EUR 5.2 B and net profit of EUR 156 M for the Sep 2026 quarter. Revenue rose 9.7% and profit rose 97.5% compared with a year earlier. The operating margin was 10.8%, 3.8 percentage points higher than a year earlier (as of 4 November 2026). ### What is Nokia Oyj's market cap? Nokia Oyj's market capitalisation is $46.9 B at a stock price of $8.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Nokia Oyj performing? Nokia Oyj's share price has been moving sideways for 4 weeks. In its latest quarter, revenue rose 9.7% and profit rose 97.5% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 17 weeks running (as of 4 November 2026). ### Will Nokia Oyj's stock price go up? This page does not forecast Nokia Oyj's stock price. What it shows instead: the stock price is $8.25, and it has been moving sideways for 4 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026). ### Where is Nokia Oyj in its business cycle? Nokia Oyj's FY25 operating margin was 7.7%, against a 5-year range of 7.7% to 12.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 10.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Nokia Oyj story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Nokia Oyj a stock worth studying right now? What the numbers show: Nokia Oyj's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.