NOK Nokia
$9.31
Nokia Q3 F2026 Earnings Call Transcript
AI Conference Call Analysis
Sign in or subscribe to read.Pekka Lundmark
President & Chief Executive Officer
Hello ladies and gentlemen, welcome to the latest report of the week, welcome to the latest report of the week, welcome to the latest report of the week, welcome to the latest report of the week, Thank you very much. Thank you. Thank you, David, and hello, everyone. Thank you, David, and hello, everyone. Thank you, David, and hello, everyone. Thank you very much. AI, AI, AI, AI, AI, AI We are tracking to deliver a 4-year output. I will give you an update on the progress of strategic priorities.
Justin Warner
Head of Investor Relations
In AI and cloud, in AI and cloud, in AI and cloud, in AI and cloud,
Pekka Lundmark
President & Chief Executive Officer
represented 12% order intake record order intake record order intake record order intake record order intake record order intake record order intake record IP networks, IP networks, IP networks, IP networks, IP networks, IP networks, IP networks, Thank you very much. The build-out of AI infrastructure is driving the demand that I have to help you. Demand for 800 gig coherence. Demand for 800 gig coherence. Demand for 800 gig coherence. Demand for 800 gig coherence.
Justin Warner
Head of Investor Relations
In line systems, in important lines systems, in important lines systems, we are making meaningful progress.
Pekka Lundmark
President & Chief Executive Officer
During this course, we are giving a big importance to rail technology. Thank you for watching. We have two additional hyper-scalers including an important next-generation data gateway.
Justin Warner
Head of Investor Relations
We also secured significant cross-edge, edge-to-edge, IP, IP, IP, 5G, 5G, 5G, 5G, 5G, 5G, 5G. Customers are modernizing their networks.
Pekka Lundmark
President & Chief Executive Officer
Thank you for watching.
Justin Warner
Head of Investor Relations
Thank you for watching.
Pekka Lundmark
President & Chief Executive Officer
We're also seeing encouraging traction. We're also seeing encouraging traction. We're also seeing encouraging traction. We're also seeing encouraging traction. We're also seeing encouraging traction. Out-of-band management provides data to the critical eye, to the critical eye, to the critical eye, to the production, to the production, to the production, to the production, to the production, to the production, to the production, In addition, in addition, in addition, in addition, in addition, in addition, in addition, in addition, in addition, in addition, in addition, in addition, Last week we announced an industry-free plan for 10 gig, 20 gig, 20 gig, 20 gig, 50 gig, 50 gig, on every bank, on every bank, on every bank, on every bank.
Justin Warner
Head of Investor Relations
Demonstrating, Demonstrating, Demonstrating, Demonstrating, Demonstrating
Pekka Lundmark
President & Chief Executive Officer
With AI RAN, with AI RAN, with AI RAN, with AI RAN, with AI RAN, with AI RAN, with AI RAN, RAN is driven by the environment. We are positioning Nokia as a partnership. Nokia is AI native. Nokia is AI native. Nokia is AI native. Nokia is AI native. provides us with software providing software for AI, AI, AI, AI, AI, AI, AI, AI, In live environments, In live, we've already demonstrated that there was a more passive, increasingly passive, increasingly passive, and a more passive, and a more passive, and a more passive, and a more passive. Our general purpose approach is to allow you and your network to serve the services you build on the network, on the network, on the network, on the network, on the network, on the network, on the network, on the network, on the network, on the network, on the network, on the network, This creates the potential for new focus, new focus, new focus, new focus, new focus, new focus, new focus, new focus, new focus, new focus, alongside our progress in AI, working more closely with AI, working more closely with AI, working more closely with AI, working more closely with AI, working more closely with AI, working more closely with AI, We are also making progress in our community of the U.S. We are also making progress in our community of the U.S. We are also making progress in our community of the U.S. Thank you for watching. See you next time. We've completed the same time. We've completed the same time. We've completed the same time. We are delivering our costs. We are accelerating our costs. We are accelerating our costs. In closing, Thank you, Justin. Thank you, Justin. and all from my side of school. and mobile infrastructure.
Eva Lindqvist
Chief Financial Officer
First one, 3 billion, 2.3 billion, 2.3 billion, 1.1 billion, 1.4 billion, 44.6 billion. The improvement in mobile infrastructure, the improvement in mobile infrastructure, the improvement in mobile infrastructure, the improvement in mobile infrastructure, the improvement in mobile infrastructure, the improvement in mobile infrastructure, the improvement in mobile infrastructure, 11.7% The improvement may reflect years, operating, operating, operating, operating across the board. Finance, income, and expenses. Finance, income, and expenses. Benefit, profit, profit, profit, profit, profit, profit, profit, profit, profit, profit, profit.
Pekka Lundmark
President & Chief Executive Officer
Thank you for watching.
Eva Lindqvist
Chief Financial Officer
Looking now at netbooking, looking now at net sales for infrastructure, net sales for infrastructure, net sales for infrastructure, But we also saw healthy demand in health infrastructure, IP networks, and for a long time. Thank you very much. Thank you for watching. Thank you for watching. Turning now to mobile. Turning now to mobile. Turning now to mobile. Turning now to mobile. Turning now to mobile. or software declined by 13% with certain applications and we also saw some operators delayed due to the supply chain constraints for server infrastructure. We have seen a strong performance, we have seen a strong performance, we have seen a strong performance, we have seen a strong performance, and what we have seen in the last few years. In my personal view, what is stable, what is largely stable, what is largely stable, what is largely stable, what is largely stable, operating engines, high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency and high-efficiency Turning to sales by customer.
Justin Warner
Head of Investor Relations
Turning to sales by customer.
Eva Lindqvist
Chief Financial Officer
and technical license 8%. As you heard from Justin, we are confident that we have fulfilled the problems of the AI cloud and given our time, our expectations and time, our expectations, our expectations, our expectations, our expectations, Thank you very much. We have focused on simplifying, we have focused on simplifying our streamlining, our streamlining, our streamlining, our streamlining, our streamlining, our streamlining, our streamlining, our streamlining, Thank you very much. Thank you very much. Thank you very much. Finally, turning to our outlook. There is no change. There is no change. Thank you very much. Thank you very much. Thank you Justin and Marco.
Justin Warner
Head of Investor Relations
Thank you. Ladies and gentlemen, we will now begin our presentation. Rob, please go ahead. Yeah, hi.
Pekka Lundmark
President & Chief Executive Officer
and in that regard we're starting to work on the 90% moving into 20% moving into 20% moving into 20% moving into 20% Thank you very much.
Justin Warner
Head of Investor Relations
Yeah, yeah, yeah.
Pekka Lundmark
President & Chief Executive Officer
Two things on that one, Rob. Two things on that one. I think that's the way to think about it. I think that's the way to think about it. We've got a lot of comments. We've got a lot of comments. We'll take our next question.
Justin Warner
Head of Investor Relations
Yes, thank you very much. Appreciate it. I appreciate your patience and what happened and what took place Thank you.
Pekka Lundmark
President & Chief Executive Officer
Thanks for the questions. Thank you for watching. because a lot of things Thank you very much. IP, IP, IP, IP, IP Thank you for watching. Thank you. Thank you. Thank you. Thank you.
Justin Warner
Head of Investor Relations
Yes, good afternoon and thank you for taking my question. Yeah, two.
Pekka Lundmark
President & Chief Executive Officer
Two things I would say. Thank you very much. Thank you. This is the place where we were. This is the place where we were. We were under pressure. We were under pressure. We were under pressure. Thank you very much. Thanks, Artin. We'll take our next question. Thanks, Artin. We'll take our next question. Thanks, Artin. We'll take our next question. I think people are pretty good about it. Daniel, Daniel, Daniel, Daniel
Justin Warner
Head of Investor Relations
Hi, I'm Justin. I just wanted to ask you a question. I just wanted to ask you a question. I just wanted to ask you a question. I would say, I would say, I would say, I would say, I would say, I would say,
Pekka Lundmark
President & Chief Executive Officer
A fair amount of that. A fair amount of that. A fair amount of that. on the other side, on the other side on the other side Thank you for watching. Thank you for watching. Thank you for watching. They're working with us. They're working with us. They're working with us. and a supply chain.
Justin Warner
Head of Investor Relations
Thank you for watching!
Eva Lindqvist
Chief Financial Officer
That's Wall. That's Wall. That's Wall. And Project Six. Thanks, Daniel. Okay, perfect. Thank you. We'll take our next question. Sami, please go ahead. Hi. Can you still hear me?
Justin Warner
Head of Investor Relations
Yeah, I would say that. Yeah, I would say that. Yeah, I would say that.
Pekka Lundmark
President & Chief Executive Officer
and that's why we believe that we have this situation and we believe that we have this situation and we believe that we have this situation and and and and and and
Eva Lindqvist
Chief Financial Officer
In cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, in cloud, and basically securing that all of our offerings are the best of all of us. That's what we are doing. That's what we are doing. That's what we are doing. That's what we are doing. Thank you very much.
Justin Warner
Head of Investor Relations
Thank you for watching.
Pekka Lundmark
President & Chief Executive Officer
Thanks for watching! Richard, please go ahead. Thanks very much, guys. Thanks very much.
Justin Warner
Head of Investor Relations
In terms of the growth...
Pekka Lundmark
President & Chief Executive Officer
The demand isn't demand, demand isn't demand. And when it comes to...
Eva Lindqvist
Chief Financial Officer
It's always so, it's always so, it's always so, it's always so We are starting from 3, so it takes some time, so it takes some time, so it takes some time, so it takes some time, so it takes some time, We'll take our next questions. We'll take our next questions. We'll take our next questions. We'll take our next questions. We'll take our next questions.
Pekka Lundmark
President & Chief Executive Officer
We'll take our next questions. We'll take our next questions.
Justin Warner
Head of Investor Relations
We'll take our next questions.
Eva Lindqvist
Chief Financial Officer
We'll take our next questions. Yeah, Emil, it's a good question. I don't know.
Pekka Lundmark
President & Chief Executive Officer
Thank you very much. I don't see it as an investment. It's a market. It's a market. It's a market. There are some opportunities, as mentioned earlier, that is market.
Eva Lindqvist
Chief Financial Officer
and Amr El-Leithy.
Pekka Lundmark
President & Chief Executive Officer
Thanks, Emil. We'll take our next class. Thanks, Emil. Felix, please go ahead.
Eva Lindqvist
Chief Financial Officer
Hi, thanks for squeezing me in. Thanks for squeezing me in. I appreciate you. I appreciate you.
Justin Warner
Head of Investor Relations
Thank you. Thank you. Thank you.
Eva Lindqvist
Chief Financial Officer
Thank you for watching.
Pekka Lundmark
President & Chief Executive Officer
Thank you very much.
Eva Lindqvist
Chief Financial Officer
Thank you very much. Can I add one comment? A couple of things. A couple of things.
Pekka Lundmark
President & Chief Executive Officer
Thank you very much. Thank you for watching. Let's take our next question from Jacob. Jacob, please go ahead.
Justin Warner
Head of Investor Relations
Thanks for taking my question. Thanks for taking my question. Maybe I'll start on that side.
Pekka Lundmark
President & Chief Executive Officer
I would say we talked about this the same way. I would say we talked about this the same way. The team talked about this the same way. The team talked about this the same way. The team talked about this the same way. The team talked about this the same way. The team talked about this the same way. The team talked about this the same way. Thank you for watching. The reason I say that is that... That's a lot. That's a lot. That's a lot. That's a lot. Thank you for watching. you know, you know, you know, you know, you know, you know, you know, you know, We'll take our next question.
Eva Lindqvist
Chief Financial Officer
Yeah, hi, thanks for taking my question.
Justin Warner
Head of Investor Relations
Thank you for watching. I know it's very easy, I know it's very easy, I know it's very easy Thank you very much. Thank you.
Pekka Lundmark
President & Chief Executive Officer
I would just say I think I think I think I think I
Eva Lindqvist
Chief Financial Officer
What comes to the restructuring of China, where we basically do the integration, we have to find out what we need, what we need out of the company. And we said, we said, we said, we said, we said, we said, we said, Thank you for watching. As you know, in China, there's quite a lineage of companies, quite a lineage of companies, quite a lineage of companies. And just as a company, just a company, just a company, to that, to that, to that, to that, to that, to that, to that, to that, to that, to that, to that, to that, to that, to that. Thanks for watching! In addition to that, we announced a further agreement between us that we can also consolidate locations in Europe and just continue securing that we continuously
Pekka Lundmark
President & Chief Executive Officer
Thank you for watching.
Eva Lindqvist
Chief Financial Officer
Thank you very much.
Pekka Lundmark
President & Chief Executive Officer
We'll take our next question.
Justin Warner
Head of Investor Relations
Thank you for watching.
Pekka Lundmark
President & Chief Executive Officer
Thank you for your attention.
Eva Lindqvist
Chief Financial Officer
Will you start?
Pekka Lundmark
President & Chief Executive Officer
I'm going to start. I'm going to start. I'm going to start. I'm going to start. I'm going to start. That's why you hear about it. and the other customers that we get from their work. My view of combat is this is something that you guys know to work out. You never try to work out. You never try to work out. Thank you very much. Thank you.
Eva Lindqvist
Chief Financial Officer
Yeah, what comes to the... Yeah, what comes to the... ... ... ... ... ... ... ...
Pekka Lundmark
President & Chief Executive Officer
Thank you all for joining us
Justin Warner
Head of Investor Relations
This concludes today's call. Thank you everyone for joining. You may now disconnect.