Key Takeaways NOK's Q2 net income declined as Mobile Networks weakness offset growth in other segments.Network Infrastructure revenues rose 8%, led by strong demand in IP, Optical and Fixed Networks.Mobile Networks revenues fell 17% Y/Y due to soft demand across the Americas, the Middle East and China.Nokia Corporation (NOK) reported weaker-than-expected second-quarter 2025 results, with both top and bottom lines missing the Zacks Consensus Estimate. The company's top line increased year over year, primaril ...

Nokia (NOK) Q2 2025 Earnings Call July 24, 2025 04:30 AM ET Company ParticipantsDavid Mulholland - Head - Investor RelationsJustin Hotard - President & CEOMarco Wirén - CFOFredrik Lithell - Global Equity Research - Small CapSami Sarkamies - Head - TMT & Equity ResearchSimon Leopold - Managing DirectorRob Sanders - Head - European Technology Hardware ResearchFelix Henriksson - Associate Director - Equity ResearchSébastien Sztabowicz - Head - IT Hardware & Semis Sector ResearchFrançois-Xavier Bouvignies - Hea ...

Financial Performance - Nokia's Q2 2025 net sales experienced a 1% year-over-year decrease on a constant currency and portfolio basis[18] - The Q2 2025 operating margin was 6.6%, a decrease of 290 basis points year-over-year[18] - Free cash flow for Q2 2025 was EUR 0.1 billion[18] Business Segment Performance - Network Infrastructure net sales increased by 8% year-over-year in Q2 2025, reaching EUR 1.904 billion[25, 26] - Mobile Networks net sales decreased by 13% year-over-year in Q2 2025, totaling EUR 1.732 billion[32, 33] - Cloud and Network Services net sales grew by 14% year-over-year in Q2 2025, reaching EUR 557 million[38, 42] - Nokia Technologies net sales increased by 3% year-over-year in Q2 2025, reaching EUR 357 million[45] Outlook and Guidance - The comparable operating profit outlook for full year 2025 has been lowered to EUR 1.6 billion to EUR 2.1 billion, due to currency and tariff headwinds[11, 13] - Free cash flow conversion is expected to be 50% to 80% of comparable operating profit for full year 2025[11, 13] Regional Performance - Americas experienced a 22% decrease, APAC a 3% decrease, and EMEA a 17% decrease[49]