โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ (๐๐ ๐๐๐๐)
โข Revenue: โฌ5.15B (+10% YoY)
โข GAAP EPS: โฌ0.03 (vs. โฌ0.01 YoY)
โข Adj. EPS: โฌ0.09 (+50% YoY)
โข GAAP Operating Profit: โฌ196M (-22% YoY)
โข Adj. Operating Profit: โฌ605M (+35% YoY)
โข Adj. Operating Margin: 11.7% (+220 bps YoY)
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐ ๐๐๐๐)
โข Adj. Operating Profit: โฌ2.1Bโโฌ2.6B (maintained; expected above midpoint)
โข Q4 Revenue: +20% to +24% QoQ expected
โข FCF Conversion: 35%โ55% (lowered)
โข Restructuring Charges: โฌ1.1B; Cash Outflows: โฌ800Mโโฌ900M
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข AI & Cloud revenue surged 123% YoY, with orders up 118% and โฌ1.5B in new orders secured
โข Network Infrastructure +15% YoY in constant currency, driven by IP Networks +43% and Optical Networks +18%
โข Expects combined Optical and IP Networks growth of 25%โ30% in 2027
โข Infinera integration on track for completion by year-end 2026, one year early, with โฌ200M in net synergies
โข Additional โฌ400M working capital investment planned for 2026 to support 2027 growth
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ
CEO Justin Hotard: โOverall, growth is accelerating, operating leverage is becoming more visible and Iโm confident in the long-term shareholder value Team Nokia is creating.โ