On January 30, 2026, Nokia board member Timo Ihamuotila purchased 100,000 Nokia shares at an average price of €5.374 per share across multiple venues. The transaction was disclosed in compliance with EU market abuse regulations and represents a €537,400 investment, signalling insider confidence in the company’s strategic direction and long-term prospects.

Nokia reported fourth-quarter net sales of €6.1 billion, a 2% year-on-year increase that surpassed the consensus of $6.95 billion. Optical Networks revenue jumped 17% Y/Y and Network Infrastructure grew 7% Y/Y, while Mobile Networks advanced 6%. Comparable EPS was 16 euro cents versus the 17-cent consensus. Gross margin expanded 90 basis points to 48.1%, though operating margin contracted 90 basis points to 17.3% due to higher growth investments. Free cash flow reached €0.2 billion, and net cash stood at €3.4 billion at quarter end. The board approved a dividend of 3 euro cents per share payable February 12 to holders of record on February 3.

For fiscal 2026, Nokia forecasts comparable operating profit of €2.0–2.5 billion and expects Network Infrastructure net sales growth in line with its 6%–8% long-term CAGR target. The company plans to invest in its two new operating segments—Network Infrastructure and Mobile Infrastructure—to capitalise on AI-driven data-centre build-outs and the emerging 6G market. Strategic partnerships, including collaboration with NVIDIA on AI-RAN and continued strength in IP licensing, underpin Nokia’s projection of approximately €1.46 billion in free cash flow at the midpoint of guidance despite higher capex and macro headwinds.