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

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Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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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

The Finnish telecom giant revealed weak third-quarter demand for 5G equipment, especially in North America. Any hope that fall 2023 wouldn't be a repeat of the layoffs that struck the tech industry over last winter and spring seems to be diminishing by the day.

Tech layoffs continue as Nokia announces plan to cut up to 14,000 jobs

Nokia is to cut up to 14,000 jobs as part of a cost reduction strategy after reporting a drop in quarterly profit. The Espoo, Finland-based telecommunications equipment company said it will lower its cost base on a gross basis by between €800 million and €1.2 billion over a three-year period in order to "address the market environment".

Nokia plans to cut 14,000 jobs as profits spiral

Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.

Nokia Has a Plan to Tackle Tough U.S. Market. It Includes Mass Layoffs.

Finnish telecom giant Nokia said Thursday it could cut its workforce by as many as 14,000 people after it reported lower-than-expected third-quarter profits.

Nokia to cut up to 14,000 jobs after profits drop

Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce. The company is planning to lower costs by up to 1.2 billion euros by 2026.

Nokia says it's going to cut up to 14,000 jobs

Nokia will slash up to 14,000 jobs in a major cost-cutting drive, it said in a statement on Thursday.

Nokia says will cut up to 14,000 jobs

Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.

Nokia to cut up to 14,000 jobs after profit plunges

Nokia NOKIA, -2.01% set plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it's looking to reduce its workforce to between 72,000 and 77,000 workers, from 86,000 now, by the end of 2026.

Nokia to cut as many as 14,000 jobs as profit drops by 69%

Sales in North American market down 40% in the third quarter.

Nokia to cut up to 14,000 jobs as US demand shrinks, growth uncertain

Nokia CorporationInterim Report19 October 2023 at 08:00 EEST Nokia Corporation Interim Report for Q3 2023 Outlook maintained despite weak operator spending weighing on Q3 Q3 net sales declined 15% y-o-y in constant currency (-20% reported) as macroeconomic uncertainty and higher interest rates continue to pressure operator spending. Enterprise net sales grew 5% y-o-y in constant currency (flat reported).

Nokia Corporation Interim Report for Q3 2023

Nokia CorporationInside Information19 October 2023 at 8:00 EEST Inside Information: Nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability Empowers its business groups to operate with more autonomy and agility, in order to speed up execution of its strategy Embeds sales teams into business groups to better seize growth opportunities and more closely align customer needs to decision-making Announces new program designed to lower cost base by EUR 800–1 200 million on a gross basis over a three year period Reiterates its long-term comparable operating margin target of at least 14% to be delivered by 2026, as announced with Q3 results today Espoo, Finland – Nokia today announces strategic and operational changes to its business and a program to reset its cost base. These actions will better position the company for longer-term growth and enable it to navigate the current market uncertainty.

Inside Information: Nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability

Nokia Oyj will report its third-quarter 2023 financial results on October 19, with analysts expecting a 10% year-over-year decline in its earnings per share to $0.09, according to Zacks Investment Research.   The Finnish multinational telecommunications company's revenue for the period, though, is expected to increase to $6.4 billion from $6.3 billion a year earlier.

Nokia 3Q profit hit seen as revenue expected to rise

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Tilray Brands

In the fast-paced world of stock trading, every investor dreams of discovering that hidden gem, especially when it comes to penny stocks. Navigating this realm reminds one of the timeless Warren Buffett adage: “Risk comes from not knowing what you're doing.

3 Penny Stocks Poised to Become Multi-Baggers

Nokia CorporationStock Exchange Release18 October 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 18.10.2023 Espoo, Finland – On 18 October 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 411,126 3.31 CEUX 7,400 3.33 AQEU 1,984 3.33 TQEX 5,490 3.33 Total 426,000 3.31 * 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 18.10.2023

Press Release Nokia and Cybernet deploy Pakistan's first 600G commercial network The new optical network provides Cybernet with the availability, reliability and flexibility needed to quickly respond to evolving customer needs. The new 600G optical network connects Cybernet's main metro sites.

Nokia and Cybernet deploy Pakistan's first 600G commercial network

Nokia CorporationStock Exchange Release17 October 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 17.10.2023 Espoo, Finland – On 17 October 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 388,245 3.30 CEUX 24,698 3.31 AQEU 9,975 3.32 TQEX 2,082 3.33 Total 425,000 3.30 * 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 17.10.2023

Press Release Nokia and ZCorum partner to enable easy deployment of Nokia's PON solutions for small and medium sized operators Nokia and Channel Partner ZCorum accelerate cable operator access network deployments of GPON, XGS-PON, and 25G PON ZCorum's fully hosted, cloud-based operations support system (OSS) helps operators increase operational efficiency and subscriber satisfaction while reducing operational costs. 17 October, 2023 Espoo, Finland – Nokia today announced that it has partnered with ZCorum, a leading provider of managed broadband services and software.

Nokia and ZCorum partner to enable easy deployment of Nokia's PON solutions for small and medium sized operators

LM Ericsson Telefon

Ericsson's decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.

Ericsson Curtails Guidance Amid an Uncertain 2024. The Stock Tumbles and Nokia Falls Too.

Nokia CorporationStock Exchange Release16 October 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 16.10.2023 Espoo, Finland – On 16 October 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 364,852 3.40 CEUX 23,551 3.41 AQEU 1,714 3.41 TQEX 22,883 3.41 Total 413,000 3.40 * 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 16.10.2023

Nokia (NOK) is likely to have recorded a top line expansion year over year in the third quarter of 2023, owing to rising 5G adoption, the introduction of AI integrated solutions and multiple deal wins.

Will Top-Line Expansion Boost Nokia's (NOK) Q3 Earnings?

Nokia's stock price has fallen ahead of its upcoming Q3/2023 earnings report. The company has cut costs and limited expenses, but revenue growth has been minimal. Nokia's growth and profitability grades have slipped, and analysts expect the company to miss lowered expectations in the upcoming report.

Nokia Third-Quarter 2023 Earnings Preview: What To Expect

The latest trading day saw Nokia (NOK) settling at $3.51, representing a -1.68% change from its previous close.

Nokia (NOK) Suffers a Larger Drop Than the General Market: Key Insights

Nokia CorporationStock Exchange Release13 October 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 13.10.2023 Espoo, Finland – On 13 October 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 363,679 3.40 CEUX 29,523 3.41 AQEU 7,388 3.40 TQEX 14,410 3.41 Total 415,000 3.40 * 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 13.10.2023

Nokia (NOK) introduces 25G PON technology on the Lightspan SF-8M sealed fiber access node. The advanced solution offers flexible deployment with enhanced service reliability.

Nokia (NOK) Unveils Advanced 25G PON Sealed Fiber Access Node

Nokia and Elisa successfully complete Europe's first Cloud RAN trial powered by In-Line acceleration   Europe's first Cloud RAN trial using In-Line acceleration realized in Elisa's 5G network Successfully executed 5G data calls, with commercial 5G user equipment, confirming the feature richness and high performance of Nokia's anyRAN approach Project confirms Nokia's industry leadership in developing Cloud RAN market, which offers mobile operators more choice in building 5G networks First 5G data calls in Cloud RAN marks a significant milestone in Elisa's overall cloudification journey Supports Elisa's ambition to pioneer bringing cloud networking benefits, such as scalability and agility, to Finnish customers with highly automated processes 13th October 2023 Espoo, Finland – Nokia and Elisa today announced that they have successfully completed the industry's first trial of Cloud RAN powered by In-Line acceleration. The successful trial took place at Elisa's headquarters in Finland and utilized its commercial 5G Standalone RAN and 5G Core.

News for Nokia Stock (NOK)