Nokia slips as cautious 2026 guidance disappoints

Nokia Oyj

29/01/2026 08:20

** Shares in Nokia NOKIA.HE fall 6% after the Finnish network equipment provider published a somewhat lower-than-expected forecast for 2026, even though its core profit for Q4 beat forecasts

** Nokia posts its comparable operating profit in Q4 of 2026 at 1.05 billion euros ($1.26 billion) at touch above the 1.01 billion euros expected by analysts on average

** But Barclays says the guidance for an operating profit between 2.20 billion-2.50 billion euros in 2026 "suggests double digit downside to consensus EBIT" as analysts have forecast a profit of 2.40 billion euros in the year

** Overall, the beat in Q4 is not enough to fully offset the weaker guidance, J.P. Morgan says

** "A key investor question will be why more of the sales growth and the synergies are not seen in the guided earnings or whether management is guiding low with an intention to beat", the broker adds

** Nokia shares among bottom movers on STOXX 600 .STOXX index

($1 = 0.8349 euros)

 (Reporting by Boleslaw Lasocki)

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