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Nokia expects a steeper Q1 2026 sales drop, amid ongoing 5G and margin challenges, while projecting flat full-year profit.
Nokia forecasts a sharper-than-usual sales decline in Q1 2026, exceeding the typical 24% seasonal drop, though its operating margin is expected to remain nearly flat year-over-year.
For full-year 2026, the company projects comparable operating profit between €2.0 billion and €2.5 billion.
Despite meeting Q4 2025 earnings expectations with a €1.05 billion operating profit, Nokia faces ongoing challenges including weak 5G spending, contract losses, and margin pressures from U.S. tariffs and a weaker dollar.
The company is restructuring to focus on AI and data infrastructure, with new CEO Justin Hotard and leadership changes underway.
Nokia espera una caída más pronunciada de las ventas en el primer trimestre de 2026, en medio de los desafíos continuos de 5G y de los márgenes, mientras que proyecta un beneficio plano para todo el año.