Nokia Oyj (NOK)

Nokia’s adjusted EPS topped expectations as revenue rose year over year, based on preliminary results for the third fiscal quarter of 2026 reported October 22, 2026. Revenue increased 6.1% to about EUR 5.1 billion (up from EUR 4.828 billion a year ago), with the company’s communications network equipment and services spanning areas such as Mobile Networks and Network Infrastructure. On profitability, gross profit came in at roughly EUR 2.2 billion and gross margin was about 44%, while net income climbed 93.7% to roughly EUR 151 million (up from EUR 78.0 million a year ago). Adjusted EPS was EUR 0.10, up 42.9% from EUR 0.07 a year ago, and it topped the EUR 0.08 estimate (+25%, verdict: topped). Cash generation was modest, with operating cash flow of about EUR 91.5 million, and Nokia paid roughly EUR 223.8 million in dividends during the quarter. For the next period, consensus calls for EPS of EUR 0.18.