On January 30, 2026, Nokia board member Timo Ihamuotila purchased 100,000 shares of Nokia Corporation at an average price of 5.374 EUR per share across multiple trading venues. The transaction, executed in compliance with European market abuse regulations, reflects insider confidence in the company’s strategic direction as it transitions into the AI supercycle and restructured reporting segments.

In the fourth quarter of fiscal 2025, Nokia reported net sales of 6.1 billion EUR, up 2 percent year‐on‐year and exceeding analyst consensus of approximately 6.95 billion USD. Organic comparable net sales rose 3 percent. Optical Networks led growth within Network Infrastructure with a 17 percent increase, while Network Infrastructure overall grew 7 percent and Mobile Networks rose 6 percent. Comparable EPS stood at 0.16 EUR, slightly below the 0.17 EUR consensus. Gross margin expanded by 90 basis points to 48.1 percent, offset by a 90 basis-point contraction in operating margin to 17.3 percent due to continued investments.

Effective January 1, 2026, Nokia reorganized into three reporting segments: Network Infrastructure (optical, IP and fixed networks), Mobile Infrastructure (core software, radio networks, technology standards) and Portfolio Businesses (non-core units). In 2025, Network Infrastructure delivered annual net sales of 7.646 billion EUR (up from 6.285 billion EUR in 2024) with a 10.1 percent operating margin, while Mobile Infrastructure posted 11.409 billion EUR (down from 12.191 billion EUR) at a 13.4 percent margin. The new structure is designed to capitalize on anticipated AI and data-center build-outs and drive long-term growth targets of 6–8 percent for Network Infrastructure and 10–12 percent for IP and Optical Networks in fiscal 2026.