NOK
Nokia Oyj
NYSEUSDEQUITY
Technology
DELAYED
Strong buy
+56/100
Last price
11.00
▲ 0.80 (7.84%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
10.27
Prev close
10.20
Day high
10.99
Day low
10.26
Volume
89.20M
Market cap
$61.42B
P/E (TTM)
78.36
52W range
5.09 – 17.45
Day trading desk
Gap from prior close
+0.69%
Prior close 10.20
VWAP
10.80
+1.83% from price
Relative volume
2.78×
Unusually busy
Session range
8.27%
10.16 – 11.00
Position in range
100%
Near session high
ATR (14D)
0.44
4.00% of price
Prior day high
10.52
PDH
Prior day low
10.19
PDL
Bid / ask spread
—
Quote not published
Session volume
233.76M
Avg 83.98M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+5.89%
+3.9%
1M
+9.37%
+8.2%
3M
-8.20%
-12.7%
6M
+23.95%
+5.8%
YTD
+69.55%
+55.3%
1Y
+123.88%
+107.5%
3Y
+193.32%
+111.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NOK open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
166.45M
Total on file
Fundamentals
Market cap$61.42B
Enterprise value$59.74B
Revenue (TTM)$20.39B
Gross profit$9.28B
EBITDA$2.60B
Net income$702.00M
EPS (TTM)$0.14
Free cash flow$1.18B
Total cash$5.13B
Total debt$3.36B
Book value / share$4.26
Shares outstanding5.60B
Float4.45B
Short % of float0.99%
Dividend yield1.49%
Beta (5Y)0.74
Valuation & profitability ratios
Trailing P/E78.36
Forward P/E22.73
PEG ratio0.86
Price / sales—
Price / book2.57
EV / revenue2.93
EV / EBITDA22.93
Gross margin45.50%
Operating margin7.93%
Profit margin3.47%
Return on equity3.45%
Return on assets3.12%
Debt / equity15.78
Current ratio1.51
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $19.89B | $19.22B | $21.14B | $23.76B | +3.5% |
| Operating revenue | $19.89B | $19.22B | $21.14B | $23.76B | +3.5% |
| Cost of revenue | $11.23B | $10.36B | $12.59B | $13.66B | +8.4% |
| Gross profit | $8.66B | $8.86B | $8.55B | $10.10B | -2.3% |
| Research & development | $4.86B | $4.51B | $4.28B | $4.50B | +7.6% |
| Selling, general & admin | $3.07B | $2.87B | $2.86B | $2.96B | +7.0% |
| Total operating expense | $7.88B | $7.27B | $7.08B | $7.66B | +8.3% |
| Operating income | $782.00M | $1.59B | $1.47B | $2.44B | -50.8% |
| Net interest income | $6.00M | $101.00M | -$29.00M | -$125.00M | -94.1% |
| Pre-tax income | $915.00M | $2.09B | $1.47B | $2.17B | -56.2% |
| Tax provision | $277.00M | $380.00M | $820.00M | -$2.03B | -27.1% |
| Net income | $651.00M | $1.28B | $665.00M | $4.25B | -49.0% |
| Net income to common | $651.00M | $1.28B | $665.00M | $4.25B | -49.0% |
| Basic EPS | 0.12 | 0.23 | 0.12 | 0.76 | -47.8% |
| Diluted EPS | 0.12 | 0.23 | 0.12 | 0.75 | -47.8% |
| EBIT | $1.13B | $2.42B | $1.82B | $2.39B | -53.1% |
| EBITDA | $2.25B | $3.43B | $2.91B | $3.53B | -34.3% |
| Basic shares | 5.42B | 5.48B | 5.55B | 5.61B | -1.1% |
| Diluted shares | 5.50B | 5.53B | 5.59B | 5.67B | -0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $5.46B | $6.62B | $6.23B | $5.47B | -17.5% |
| Cash & short-term investments | $6.76B | $8.91B | $8.24B | $9.16B | -24.1% |
| Accounts receivable | $4.97B | $5.25B | $4.92B | $5.55B | -5.2% |
| Inventory | $2.21B | $2.16B | $2.72B | $3.27B | +2.1% |
| Total current assets | $15.79B | $17.99B | $18.17B | $20.27B | -12.2% |
| Property, plant & equipment | $2.49B | $2.12B | $2.86B | $2.94B | +17.5% |
| Goodwill & intangibles | $7.39B | $6.54B | $6.59B | $6.93B | +13.1% |
| Total assets | $37.60B | $39.15B | $39.86B | $42.94B | -4.0% |
| Total current liabilities | $10.00B | $11.39B | $10.93B | $12.77B | -12.2% |
| Current debt | $1.08B | $969.00M | $554.00M | $228.00M | +11.9% |
| Long-term debt | $2.33B | $2.92B | $3.64B | $4.25B | -20.2% |
| Total debt | $4.41B | $4.75B | $5.19B | $5.52B | -7.1% |
| Total liabilities | $16.54B | $18.40B | $19.23B | $21.52B | -10.1% |
| Retained earnings | $1.86B | $1.96B | $1.40B | $1.38B | -5.1% |
| Shareholder equity | $20.97B | $20.66B | $20.54B | $21.33B | +1.5% |
| Working capital | $5.79B | $6.59B | $7.23B | $7.49B | -12.2% |
| Net tangible assets | $13.57B | $14.12B | $13.95B | $14.40B | -3.9% |
| Shares issued | 5.74B | 5.61B | 5.61B | 5.63B | +2.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $660.00M | $1.28B | $679.00M | $4.26B | -48.6% |
| Depreciation & amortisation | $1.12B | $1.01B | $1.09B | $1.14B | +10.4% |
| Stock-based compensation | $337.00M | $241.00M | $202.00M | $149.00M | +39.8% |
| Change in working capital | -$209.00M | -$569.00M | -$1.28B | -$1.84B | +63.3% |
| Operating cash flow | $2.07B | $2.49B | $1.32B | $1.47B | -16.9% |
| Capital expenditure | -$606.00M | -$472.00M | -$652.00M | -$601.00M | -28.4% |
| Investing cash flow | -$1.40B | -$117.00M | $1.04B | -$1.88B | -1,093.2% |
| Share buybacks | -$624.00M | -$680.00M | -$300.00M | -$300.00M | +8.2% |
| Dividends paid | -$759.00M | -$723.00M | -$621.00M | -$353.00M | -5.0% |
| Financing cash flow | -$1.61B | -$2.00B | -$1.50B | -$837.00M | +19.6% |
| Free cash flow | $1.47B | $2.02B | $665.00M | $873.00M | -27.5% |
| End cash position | $5.46B | $6.62B | $6.23B | $5.47B | -17.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $4.82B | $4.50B | $6.13B | $4.83B | $4.44B | +7.1% |
| Operating revenue | $4.82B | $4.50B | $6.13B | $4.83B | $4.44B | +7.1% |
| Cost of revenue | $2.67B | $2.51B | $3.37B | $2.72B | $2.49B | +6.4% |
| Gross profit | $2.15B | $1.99B | $2.75B | $2.11B | $1.95B | +7.9% |
| Research & development | $1.38B | $1.24B | $1.38B | $1.17B | $1.14B | +11.6% |
| Selling, general & admin | $817.00M | $664.00M | $880.00M | $729.00M | $721.00M | +23.0% |
| Total operating expense | $2.20B | $1.93B | $2.32B | $1.87B | $1.81B | +14.1% |
| Operating income | -$50.00M | $63.00M | $437.00M | $239.00M | $148.00M | -179.4% |
| Net interest income | $121.00M | $118.00M | $50.00M | -$15.00M | -$13.00M | +2.5% |
| Pre-tax income | $73.00M | $180.00M | $599.00M | $229.00M | $142.00M | -59.4% |
| Tax provision | $47.00M | $93.00M | $64.00M | $150.00M | $43.00M | -49.5% |
| Net income | $2.00M | $86.00M | $542.00M | $78.00M | $90.00M | -97.7% |
| Net income to common | $2.00M | $86.00M | $542.00M | $78.00M | $90.00M | -97.7% |
| Basic EPS | 0.00 | 0.02 | 0.10 | 0.01 | 0.02 | -100.0% |
| Diluted EPS | 0.00 | 0.02 | 0.10 | 0.01 | 0.02 | -100.0% |
| EBIT | -$50.00M | $63.00M | $789.00M | $239.00M | $148.00M | -179.4% |
| EBITDA | $161.00M | $272.00M | $1.07B | $525.00M | $433.00M | -40.8% |
| Basic shares | 5.60B | 5.59B | 5.50B | 5.40B | 5.38B | +0.1% |
| Diluted shares | 5.80B | 5.72B | 5.62B | 5.49B | 5.49B | +1.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.35B | $4.95B | $5.46B | $4.89B | $4.80B | -12.2% |
| Cash & short-term investments | $5.13B | $6.12B | $6.76B | $6.07B | $6.08B | -16.2% |
| Accounts receivable | $4.43B | $4.56B | $4.97B | $3.99B | $3.75B | -2.8% |
| Inventory | $2.74B | $2.38B | $2.21B | $2.38B | $2.48B | +15.2% |
| Total current assets | $14.76B | $15.01B | $15.79B | $14.37B | $14.26B | -1.7% |
| Property, plant & equipment | $2.56B | $2.50B | $2.49B | $2.44B | $2.43B | +2.5% |
| Goodwill & intangibles | $7.46B | $7.47B | $7.39B | $7.51B | $7.59B | -0.1% |
| Total assets | $37.28B | $37.29B | $37.60B | $36.04B | $36.03B | -0.0% |
| Total current liabilities | $9.80B | $9.58B | $10.00B | $9.72B | $9.78B | +2.3% |
| Current debt | $478.00M | $40.00M | $1.08B | $711.00M | $749.00M | +1,095.0% |
| Long-term debt | $1.92B | $2.34B | $2.33B | $2.34B | $2.34B | -17.8% |
| Total debt | $3.36B | $3.33B | $4.41B | $4.07B | $4.10B | +1.0% |
| Total liabilities | $15.98B | $16.01B | $16.54B | $16.37B | $16.21B | -0.2% |
| Retained earnings | $1.55B | $1.77B | $1.86B | $1.48B | $1.61B | -12.6% |
| Shareholder equity | $21.20B | $21.18B | $20.97B | $19.58B | $19.72B | +0.1% |
| Working capital | $4.95B | $5.43B | $5.79B | $4.65B | $4.49B | -8.8% |
| Net tangible assets | $13.74B | $13.71B | $13.57B | $12.07B | $12.13B | +0.2% |
| Shares issued | 5.60B | 5.58B | 5.74B | 5.46B | 5.46B | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $5.00M | $87.00M | $544.00M | $80.00M | $96.00M | -94.3% |
| Depreciation & amortisation | $211.00M | $209.00M | $284.00M | $286.00M | $285.00M | +1.0% |
| Stock-based compensation | $136.00M | — | — | — | $83.00M | — |
| Change in working capital | -$1.15B | $401.00M | -$688.00M | $56.00M | -$186.00M | -386.8% |
| Operating cash flow | -$620.00M | $783.00M | $375.00M | $597.00M | $209.00M | -179.2% |
| Capital expenditure | -$129.00M | -$154.00M | -$148.00M | -$168.00M | -$121.00M | +16.2% |
| Investing cash flow | $279.00M | -$49.00M | -$326.00M | -$189.00M | -$248.00M | +669.4% |
| Share buybacks | $0 | -$9.00M | $0 | $0 | -$78.00M | +100.0% |
| Dividends paid | -$224.00M | -$168.00M | -$165.00M | -$216.00M | -$215.00M | -33.3% |
| Financing cash flow | -$282.00M | -$1.27B | $514.00M | -$295.00M | -$566.00M | +77.8% |
| Free cash flow | -$749.00M | $629.00M | $227.00M | $429.00M | $88.00M | -219.1% |
| End cash position | $4.35B | $4.95B | $5.46B | $4.89B | $4.80B | -12.2% |
Options analytics
Put / call volume
0.37
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
1.00
-90.9% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
37.07K
Contracts, this expiry
Put volume
13.63K
Contracts, this expiry
Heaviest call OI
1.00
0 contracts
Heaviest put OI
1.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.07 | 0.08 | +17.1% |
| Mar 2026 | 0.05 | 0.06 | +7.0% |
| Dec 2025 | 0.17 | 0.19 | +15.3% |
| Sep 2025 | 0.06 | 0.07 | +26.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.07 | 7 | $5.07B | +4.8% |
| Next quarter | 0.18 | 7 | $6.39B | +4.2% |
| Current year | 0.40 | 9 | $20.77B | +4.4% |
| Next year | 0.48 | 9 | $22.22B | +7.0% |
Analyst targets & ownership
Mean target$14.97
High target$21.00
Low target$8.50
Implied upside36.06%
Analyst count12
ConsensusSTRONG BUY
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders2.97%
Held by institutions15.83%
Institutions holding924
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
10.42
+5.56% from price
SMA 20
10.47
+4.78% from price
SMA 50
10.13
+8.32% from price
SMA 100
11.72
-6.10% from price
SMA 200
10.06
+9.06% from price
EMA 12
10.47
+5.08% from price
EMA 26
10.42
+5.60% from price
EMA 50
10.54
+4.36% from price
RSI (14)
56.9
Neutral
MACD (12,26,9)
0.05
Hist 0.02
ATR (14)
0.44
4.01% of price
Realised vol 30D
61.3%
Annualised
Bollinger upper
11.21
20, 2σ
Bollinger lower
9.73
20, 2σ
50 / 200 cross
Golden
10.13 vs 10.06
Trend bias
Above 200
+9.06%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.82
More volatile than market
Correlation to SPY
0.38
Loosely linked
Realised vol 30D
61.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-50.1%
Peak to trough
Max drawdown 5Y
-52.7%
Peak to trough
ATR 14
0.44
4.01% of price
Beta (reported)
0.74
5Y monthly, from filing
Short interest
Shares short
55.52M
Prior 43.16M
Change vs prior
+28.6%
Shorts adding
% of float
0.99%
Normal
% of shares out
0.99%
Against total outstanding
Days to cover
0.8
Liquid
Float
4.45B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 17, 26 | B. Riley Securities | INITIATED | — | Buy |
| Sep 15, 26 | Rosenblatt | INITIATED | — | Buy |
| Jun 12, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Apr 27, 26 | Argus Research | UPGRADE | Hold | Buy |
| Feb 9, 26 | Morgan Stanley | INITIATED | — | Overweight |
| Dec 1, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Oct 28, 25 | Jefferies | UPGRADE | Hold | Buy |
| Oct 24, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jul 29, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Feb 21, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jan 6, 25 | Craig-Hallum | MAINTAINED | Buy | Buy |
| Dec 9, 24 | JP Morgan | UPGRADE | Neutral | Overweight |
Dividends & splits
Forward rate$0.16 / yr
Forward yield1.49%
5-year avg yield1.75%
Payout ratio117.28%
Ex-dividend dateJul 28, 2026
Next pay dateAug 11, 2026
Last split4:1
Split dateApr 11, 2000
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-08
Corporate Changes & Voting Matters
6-K · 2026-08-27
Corporate Changes & Voting Matters
6-K · 2026-08-14
Corporate Changes & Voting Matters
6-K · 2026-08-07
Corporate Changes & Voting Matters
6-K · 2026-07-29
Corporate Changes & Voting Matters
6-K · 2026-07-27
Corporate Changes & Voting Matters
6-K · 2026-07-23
Corporate Changes & Voting Matters
6-K · 2026-07-09
Headlines
European Equities Traded in the US as American Depositary Receipts Track Higher in Tuesday Trading
MT Newswires · 16h ago
Nokia CEO Issues Bold AI Verdict as Industry Stakes Rise
GuruFocus.com · 17h ago
Nokia CEO Justin Hotard on AI data center supply constraints
Quartz · 20h ago
INTC, AMD, MU, SNDK, SOXX: Chips, Memory Stocks Slip Premarket After Sharp October Rally
Stocktwits · 22h ago
Nokia CEO Says Tech Industry Would Build Data Centers 2x Faster Without Supply Constraints
MT Newswires · 1d ago
European Equities Traded in the US as American Depositary Receipts Track Lower in Monday Trading
MT Newswires · 2d ago
Better Telecom Stock: Nokia vs. Verizon
Motley Fool · 3d ago
Nokia (NOK) Has Doubled in a Year. Is the Turnaround Real or Just a Rerating?
Insider Monkey · 3d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.