Nokia, from Finland, supplies technology for mobile and fixed networks, such as 5G antennas and fiber and routing equipment, to network operators and businesses. It also earns revenue from patent licenses. Traded here as a US depositary receipt. As of Oct 16, 2026
As of Oct 16, 2026Fact sheet (from the annual report)Radio and TV equipment · Espoo Finland, Finlandfull fact sheet
Nokia supplies network technology to telecommunications providers, cloud customers, enterprises with mission-critical applications and the public sector, among others. In network infrastructure it offers optical transport technology, routers and fiber technology for homes. For mobile networks it supplies radio access networks (RAN) and microwave radio to network operators and to customers with mission-critical applications, including defense and government bodies. Another area sells core network software to telecommunications providers, for example for voice, packet data and subscriber data. Nokia also earns money by licensing patents to makers of mobile devices, consumer electronics and vehicles. According to the company, with the acquisition of Infinera Nokia has expanded its optical business in North America and with large cloud providers.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of NOK is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Load chart from TradingView
This transfers data (including your IP address) to TradingView, also to the USA. More in the Privacy policy.
With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in
· Sign up
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Nokia (ADR) · Sector Technology · amounts in EUR
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Mar 5, 2026.
In short
Light red: Revenue shrank over 5 years (−1.9% per year).
Light yellow: Net margin 3.3%, below the sector median (12.5%).
Light green: Debt not higher than usual in the sector.
Light red: Profit in 6 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in EUR
−10B010B20B30B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 23.6B EUR · Net income −766.0M EUR · Net margin −3.2%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 23.1B EUR · Net income −1.5B EUR · Net margin −6.5%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 22.6B EUR · Net income −340.0M EUR · Net margin −1.5%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 23.3B EUR · Net income 7.0M EUR · Net margin 0.0%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 21.9B EUR · Net income −2.5B EUR · Net margin −11.5%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 22.2B EUR · Net income 1.6B EUR · Net margin 7.3%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 24.9B EUR · Net income 4.3B EUR · Net margin 17.1%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 22.3B EUR · Net income 665.0M EUR · Net margin 3.0%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 19.2B EUR · Net income 1.3B EUR · Net margin 6.6%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 19.9B EUR · Net income 651.0M EUR · Net margin 3.3%
Margin
−3%−6%−2%0%−12%7%17%3%7%3%
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
Earnings per shareEUR per share
−0.5000.501.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share −0.13 EUR
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share −0.26 EUR
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.06 EUR
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.00 EUR
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −0.45 EUR
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 0.29 EUR
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 0.75 EUR
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 0.12 EUR
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 0.23 EUR
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 0.12 EUR
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
Dividend per shareEUR per share
00.050.100.150.20
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 0.17 EUR · Payout ratio not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 0.19 EUR · Payout ratio not available
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.19 EUR · Payout ratio not available
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.10 EUR · Payout ratio not available
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share not available · Payout ratio not available
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share not available · Payout ratio not available
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share not available · Payout ratio not available
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share not available · Payout ratio not available
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share not available · Payout ratio not available
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 19.9B EUR · Net income 651.0M EUR · Net margin 3.3%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light red: shrinking
−1.9%per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it fell by 1.9% per year on average. The median company in the sector reached +13.5% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 EUR in revenue, 3.27 EUR remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was −11.5%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.16latest balance sheet
Sector Technology: median 0.46 (65 symbols)
What does this mean? For every 1 EUR of equity there is 0.16 EUR of financial debt – no more than the median company in the sector (0.46). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 4 loss years
6 of 10fiscal years with a profit
What does this mean? In 6 of the last 10 fiscal years the bottom line showed a profit. 4 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
19.9B EUR
Revenue vs. prior year
+3.5%
Net income (FY)
651.0M EUR
Net income vs. prior year
−49.0%
EPS (FY)
0.12 EUR
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 20-F filed Mar 5, 2026 · Balance sheet Dec 31, 2025 (filed Mar 5, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in EUR, per share in EUR)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
19.9B
651.0M
3.3%
0.12
–
–
2024
Dec 31, 2024
19.2B
1.3B
6.6%
0.23
–
–
2023
Dec 31, 2023
22.3B
665.0M
3.0%
0.12
–
–
2022
Dec 31, 2022
24.9B
4.3B
17.1%
0.75
–
–
2021
Dec 31, 2021
22.2B
1.6B
7.3%
0.29
–
–
2020
Dec 31, 2020
21.9B
−2.5B
−11.5%
−0.45
–
–
2019
Dec 31, 2019
23.3B
7.0M
0.0%
0.00
0.10
–
2018
Dec 31, 2018
22.6B
−340.0M
−1.5%
−0.06
0.19
–
2017
Dec 31, 2017
23.1B
−1.5B
−6.5%
−0.26
0.19
–
2016
Dec 31, 2016
23.6B
−766.0M
−3.2%
−0.13
0.17
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
In the last 12 months, insiders of this stock have not acquired or disposed of shares on the market (SEC Form 4).
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -35
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)24.9
Rel. strength 60 d−6.0%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
Global Network Repeaters Market Size, Share, Trends, and Forecast, 2026-2033 | 5G Rollout and Wireless Dead Zones Drive Demand for Network RepeatersYahoo Finance · Oct 19, 12:24