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flag Nokia expects a steeper Q1 2026 sales drop, amid ongoing 5G and margin challenges, while projecting flat full-year profit.

flag 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. flag For full-year 2026, the company projects comparable operating profit between €2.0 billion and €2.5 billion. flag 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. flag The company is restructuring to focus on AI and data infrastructure, with new CEO Justin Hotard and leadership changes underway.

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