Nokia net worth is best represented by its stock-market value rather than a celebrity-style wealth estimate. As of July 24, 2026, Nokia Corporation had a market capitalization of approximately $53.7 billion, based on its New York-listed shares. This valuation changes with the stock price and should not be confused with annual sales, total assets, or cash holdings.
| Company detail | 2026 information |
|---|---|
| Legal name | Nokia Corporation |
| Headquarters | Espoo, Finland |
| Founded | 1865 |
| Chief executive officer | Justin Hotard |
| Estimated valuation | Approximately $53.7 billion |
| 2025 net sales | €19.89 billion |
| Q2 2026 net sales | €4.82 billion |
| Q2 2026 net cash | €2.8 billion |
| Employees | Approximately 78,000 |
Nokia Company Overview
Nokia began in 1865 when Fredrik Idestam established a pulp mill in Finland. The business later expanded through industries including cable manufacturing, electronics and communications. Finnish Rubber Works and Finnish Cable Works became part of the corporate history that eventually produced the modern Nokia company, now formally registered as Nokia Oyj in Finland.
The group is no longer primarily a consumer-phone manufacturer. It operates as a global business-to-business technology company serving telecommunications providers, enterprises, governments, cloud operators and data centers. Its products support fixed, mobile and transport networks across the world, giving the brand a substantially different commercial identity from its consumer-focused era.
Nokia Bell Labs remains one of its most important research assets. The organization contributes to networking innovations, future technologies and global technology standards. Nokia employed an average of approximately 78,000 people during 2025, with operations extending across Europe, North America, Asia-Pacific and other major regions.
Financial Performance
The complete financial picture combines earnings, margins, liquidity and investment capacity. Nokia’s financial performance improved during 2025 as reported net sales increased by approximately 3%. Results strengthened further in the second quarter of 2026, supported by growing demand from artificial intelligence companies, cloud providers and communications customers.
Revenue and Profit
Nokia recorded €19.89 billion in net sales for 2025, compared with approximately €19.22 billion in 2024. Comparable operating profit reached about €2.0 billion, while reported net income was approximately €650 million. Comparable diluted earnings per share were €0.29, and reported diluted earnings per share were €0.12.
In Q2 2026, company net sales reached €4.82 billion. Comparable operating profit rose 18% year over year to €434 million, producing a comparable operating margin of 9%. Comparable diluted earnings were €0.07 per share, reflecting stronger demand in network infrastructure and improving exposure to AI and cloud spending.
Cash Flow and Debt
Free cash flow reached approximately €1.5 billion in 2025, representing a 72% conversion from comparable operating profit. The group ended that year with net cash of €3.4 billion, supporting dividends, research spending, restructuring and strategic investment without creating excessive financial pressure.
At the end of Q2 2026, total cash and interest-bearing financial investments stood at €5.2 billion. Net cash was €2.8 billion, implying roughly €2.4 billion in interest-bearing liabilities. This liquidity gives Nokia flexibility while it integrates acquisitions and redirects resources toward higher-growth networking categories.
Market Capitalization
Nokia’s market capitalization was approximately $53.7 billion on July 24, 2026. This figure represents the combined value assigned to its outstanding equity and moves throughout each trading session. It is not the same as enterprise value because the latter also adjusts for cash, debt and other financial obligations.
A valuation chart may show significant changes across different periods because investor expectations respond to earnings, contracts, economic conditions and technological shifts. Historical comparisons also require care, particularly because today’s group differs considerably from the former mobile phone business that dominated consumer communications.
Nokia Share Price
Nokia’s American depositary shares traded at approximately $9.73 on July 24, 2026. The stock is listed in New York under the ticker NOK, while ordinary shares trade in Helsinki as NOKIA. Currency movements can produce differences between the two listings even when they represent the same underlying business value.
The stock price reflects expectations about future earnings rather than past sales alone. Quarterly margins, customer spending, guidance revisions, dividend policy and foreign-exchange movements can all affect investor sentiment. In 2026, stronger AI and cloud demand became an increasingly important part of the investment case.
Market Cap Drivers
Valuation drivers include growth in optical systems, IP routing, fixed access, data-center switching and advanced wireless infrastructure. Patent income also supports profitability because licensing generally carries stronger margins than hardware operations. Competition, tariffs, restructuring expenses and component costs can place pressure on the valuation.
Leadership is another factor. Justin Hotard became President and CEO in April 2025 after previously leading Intel’s Data Center and AI Group. His strategy places greater emphasis on AI-native networks, cloud customers and autonomous networks, areas expected to influence long-term earnings and investor confidence.
Nokia Revenue Sources
Nokia earns money from communications hardware, software, services and intellectual-property licensing. The largest contributions come from infrastructure sold to telecom operators, enterprises and cloud customers. This diversified model reduces dependence on consumer devices and connects earnings to the continuing expansion of digital infrastructure.
Network Infrastructure
Network Infrastructure supplies optical networking, IP routing, fixed-access systems and data-center solutions. The division has benefited from spending on high-capacity connections required for artificial intelligence workloads. In Q2 2026, its sales increased 12% year over year, while sales to AI and cloud customers doubled to €446 million.
The $2.3 billion acquisition of Infinera strengthened Nokia’s optical technology and expanded its position in North America. It also increased exposure to large cloud operators building AI facilities. The transaction was designed to create scale, broaden the product portfolio and generate operating synergies through integration.
Mobile Networks provides radio access equipment, core systems, security products and services for mobile operators. Its solutions support 5G and mission-critical environment deployments. This division remains commercially important even as growth increasingly comes from fixed, optical and data-center network infrastructure.
Patent Licensing
Nokia Technologies manages the group’s patent portfolio and licensing activities. Its intellectual property covers connectivity standards used across mobile phones, connected devices and other electronics. The division’s contracted annual net-sales run rate reached approximately €1.4 billion during 2025, making licensing a valuable recurring income source.
The portfolio reflects decades of research by Nokia Bell Labs and the wider group. Cross-licensing agreements allow manufacturers to use patented inventions while compensating the patent owner. These royalties help fund ongoing research and create real-world impact beyond direct equipment sales.
Nokia Assets and Investments
Nokia reported total assets of approximately €37.6 billion at the end of 2025. Major assets included cash, receivables, inventories, property, intellectual property, goodwill and acquired technologies. Its economic value also includes research capabilities and customer relationships that are not fully captured by a simple balance-sheet total.
Strategic investments include Nokia Growth Partners, now known as NGP Capital, which invests in emerging technology businesses. The group has also held a non-controlling interest in HMD Global, the Finnish company associated with Nokia phones, while concentrating its own capital on communications infrastructure and software.
Nokia Growth Outlook
Following its Q2 performance, Nokia raised its 2026 comparable operating-profit outlook to €2.1 billion–€2.6 billion. Management expects Network Infrastructure sales to grow approximately 12%–14% during the year, with AI and cloud orders providing stronger visibility into future demand.
Growth opportunities include private wireless, defense communications, broadband access, optical transport and data-center switching. Risks include supply constraints, higher semiconductor costs, foreign-exchange volatility and restructuring charges. Successful Infinera integration and sustained customer demand will be central to future valuation growth.
FAQs
How Much Is Nokia Worth in 2026?
Nokia was valued at approximately $53.7 billion by the equity market on July 24, 2026. The figure can change daily as shares trade, so it represents a point-in-time valuation rather than a fixed amount.
What Generates Nokia’s Revenue?
The group generates income through telecommunications equipment, software, support services, patent royalties and brand licensing. Infrastructure for fixed, optical, cloud and 5G systems accounts for most operating activity, while intellectual property delivers high-margin recurring income.
Does Nokia Still Make Mobile Phones?
Nokia Corporation does not directly manufacture the consumer phones carrying its name. HMD Global is a licensee of the Nokia brand for phones and sells selected smartphones, feature phones and tablets under licensing arrangements.
Conclusion
Nokia has evolved from a historic phone brand into a global connectivity and networking group. Its approximately $53.7 billion valuation in July 2026 reflects infrastructure operations, patent income, strong liquidity and rising AI-related demand. With €4.82 billion in Q2 sales and higher full-year guidance, its future value increasingly depends on cloud infrastructure, optical systems and disciplined execution.