Nokia modeled fair value rises to EUR 10.72 for Nokia stock

Nokia (FI0009000681) stock was trading at EUR 9.28 at Lang & Schwarz on October 8, 2026 at 12:13 p.m. CEST, down 3.13 percent versus the prior close. Yahoo Finance reported on October 7, 2026 that modeled fair value had risen from EUR 7.39 to EUR 10.72.

Fair value moves above the quote

The modeled fair value of EUR 10.72 stood 15.52 percent above the Lang & Schwarz price of EUR 9.28 on October 8, 2026. That comparison is a valuation reference, not a company forecast or a guaranteed market outcome.

The analysis tied the reassessment to Nokia's AI and cloud exposure and EUR 2.8 billion of second-quarter order intake, while also identifying currency, tariff and competition risks.

Second-quarter figures show a split

According to MetaTrader, Nokia reported EUR 4.815 billion of net sales in the second quarter of 2026, up 8.00 percent from EUR 4.448 billion a year earlier. Comparable operating profit rose 18.00 percent year over year to EUR 434 million, producing a 9.00 percent comparable operating margin.

The reported picture was weaker because accelerated restructuring charges reached EUR 390 million in the second quarter. Reported operating profit was therefore a loss of EUR 50 million, while comparable results excluded that charge.

AI orders meet execution risk

Network Infrastructure sales grew 12.00 percent in constant currency during the second quarter, while sales to AI and cloud customers grew 105.00 percent year over year. The order intake figure gives the market a growth narrative, but the negative EUR 732 million free cash flow in the same quarter highlights the cost of converting demand into cash.

Stock trades below its prior close

Nokia stock was trading at EUR 9.28 at Lang & Schwarz on October 8, 2026 at 12:13 p.m. CEST, down 3.13 percent versus the prior close of EUR 9.58. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.

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