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Nokia to Report Q4 Earnings: Will Revenues Boost Its Future Growth?

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Key Takeaways

  • Nokia expects Q4 revenues of $6.95B, up from $6.38B a year ago.
  • Earnings projected at $0.17 per share, down from $0.19 in Q4 2024.
  • Mobile Networks struggles and higher costs may offset gains from new deals.

Nokia Corporation (NOK - Free Report) is set to report fourth-quarter 2025 results on Jan. 29, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 16.67%. It pulled off a trailing four-quarter negative earnings surprise of 4.05% on average, beating estimates only twice.

The leading provider of telecom equipment, network infrastructure, and 5G solutions is expected to experience year-over-year revenue growth. However, its margins are likely to be affected by persistent pricing pressure, increased costs and a challenging macroeconomic environment.

Factors at Play

Nokia continues to struggle in its core Mobile Networks business. Slowing customer deployments and strong competition in some regions are generating soft gains in network infrastructure and cloud services, putting pressure on overall revenues.

Higher component costs, supply chain challenges and continued R&D spending add to the pressure. Rising infrastructure investments and soaring expenses due to a volatile business environment may offset revenue gains and keep overall performance under stress.

Nokia secured a $1 billion investment from NVIDIA Corporation (NVDA - Free Report) during the quarter. This offers strategic flexibility, but near-term benefits appear limited, as execution challenges and long development cycles are likely to have delayed any productive revenue generation.

During the quarter, Nokia collaborated with Bharti Airtel to enable 5G capabilities via network APIs. Although the partnership appears progressive, long adoption cycles and uncertain monetization are expected to have restricted near-term financial benefits.

Ongoing external challenges are also likely to have hurt its bottom line. Currency fluctuations and tariff pressures further add to financial uncertainty.

Overall Expectations

For the December quarter, the Zacks Consensus Estimate for total revenues is pegged at $6.95 billion, indicating an increase from $6.38 billion recorded a year ago. The consensus mark for earnings is pegged at 17 cents per share, indicating a decline from 19 cents per share in the year-ago quarter.

Earnings Whispers

Our proven model does not predict an earnings beat for Nokia for the fourth quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Nokia carries a Zacks Rank #4 (Sell).

Nokia Corporation Price and EPS Surprise

Nokia Corporation Price and EPS Surprise

Nokia Corporation price-eps-surprise | Nokia Corporation Quote

Stocks to Consider

Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:

Corning Incorporated (GLW - Free Report) is set to release its fourth-quarter 2025 numbers on Jan. 28. It has an Earnings ESP of +1.72% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Earnings ESP for Amphenol Corporation (APH - Free Report) is +3.78%, and it sports a Zacks Rank of 1 at present. The company is scheduled to report fourth-quarter 2025 numbers on Jan. 28.

The Earnings ESP for F5, Inc. (FFIV - Free Report) is +0.79%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report first-quarter 2026 numbers on Jan. 27.

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