Nokia seen rising on Q1 beat, forecast boost

Nokia Oyj

23/04/2026 07:48

** Shares in Nokia NOKIA.HE are expected to rise 5-7% at the open after the Finnish telecom gear maker boosted its FY forecasts and Q1 core profit beat estimates

** Nokia's comparable operating profit came in at 281 million euros ($329 million) in the quarter, above the 250 million euros expected by analysts on average

** "Demand continued to be strong, particularly in AI & Cloud, where net sales grew 49%", CEO Justin Hotard says

** Nokia now expects its 2026 operating profit to land in the upper part of the previously forecast 2.20–2.50 billion euro range, and sees 18-20% sales growth in its Optical Networks and IP Networks segments

** The guidance "should see mid single digit % rise in consensus EBIT", J.P. Morgan analysts say

($1 = 0.8545 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))