Nokia Q2 Profit Plunges Despite Sales Growth; Backs FY26 Outlook Operationally

Nokia reported sharply lower Q2 profit despite higher net sales, signaling margin/earnings pressure even as revenue rose. The company said its fiscal 2026 outlook is unchanged operationally, which may limit further downside surprises. Overall, the earnings deterioration is the key negative catalyst for the stock near term.

Analysis

Nokia reported sharply lower Q2 profit despite higher net sales, signaling margin/earnings pressure even as revenue rose. The company said its fiscal 2026 outlook is unchanged operationally, which may limit further downside surprises. Overall, the earnings deterioration is the key negative catalyst for the stock near term.