Nokia Oyj Non-GAAP EPS of €0.09 beats by €0.03, revenue of €5.15B beats by €90M

• Nokia Oyj press release (NOK): Q3 Non-GAAP EPS of $0.09 beats by $0.03.
• Revenue of $5.15B (+9.6% Y/Y) beats by $90M.
• Q3 net sales grew 9% y-o-y on a constant currency basis (+10% reported).
• Network Infrastructure net sales grew 15% y-o-y on a constant currency basis, led by IP Networks growing 43% and Optical Networks 18%. Group net sales to AI & Cloud customers grew 123% and order intake 118%.
• Mobile Infrastructure net sales grew 5% y-o-y, in part due to acceleration of revenue from Q4 into Q3. The segment benefited from product mix, commercial discipline and continued execution of the cost reduction program.
• Q3 comparable operating margin increased 220bps y-o-y to 11.7% benefiting from revenue growth and operating efficiency. Reported operating margin declined 160bps to 3.8% due to accelerated restructuring and integration cost.
• Nokia's full year financial outlook is unchanged.

• On 22 October 2026, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is 27 October 2026 and the dividend will be paid on 5 November 2026. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

• Following this announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.03 per share.

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