Nokia partners with ICEYE. Nokia stock falls 1.16 percent

Published on 10/05/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

In Q2 2026, comparable operating profit rose 18.00 percent to EUR 434 million. Nokia stock costs EUR 9.34 on October 5, 2026, 1.16 percent below EUR 9.45.

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Nokia (ISIN FI0009000681) was trading at EUR 9.34 at Lang & Schwarz on October 5, 2026 at 2:14 p.m. CEST, down 1.16 percent versus the EUR 9.45 prior close. According to Nokia on October 1, 2026, the company and ICEYE announced a partnership for secure sovereign satellite communications.

Satellite deal targets 2028 launches

The planned systems will combine ICEYE satellites with Nokia ground infrastructure and ruggedized terminals for governments, defense, border security, emergency services and disaster response. The first communications satellites are expected to launch in 2028, giving the agreement a strategic horizon rather than an immediate revenue contribution.

The partners said nations would own and control the satellites, ground segment and terminals. That positioning gives Nokia a route into sovereign connectivity, but the announcement does not disclose a contract value or near-term sales target.

Profit growth meets restructuring drag

MetaTrader reported Nokia's Q2 2026 net sales at EUR 4.815 billion, up 8.00 percent from EUR 4.448 billion in comparable Q2 2025. Comparable operating profit rose 18.00 percent to EUR 434 million from EUR 367 million, while the comparable operating margin reached 9.00 percent versus 8.30 percent a year earlier.

The reported Q2 2026 operating result was a EUR 50 million loss, reflecting EUR 390 million of accelerated restructuring charges. Nokia's comparable full-year 2026 operating profit guidance stands at EUR 2.1 billion to EUR 2.6 billion, compared with the earlier EUR 2.0 billion to EUR 2.5 billion range.

Analyst target stays above price

According to finanzen.net, Jefferies maintained its Buy rating and EUR 13.80 price target on September 30, 2026. The target lies 47.75 percent above the Lang & Schwarz price of EUR 9.34, using the same euro currency.

The market picture is therefore mixed in a precise way: Nokia's comparable Q2 operating profit improved, but restructuring charges still pushed the reported result into a loss. The ICEYE partnership adds a new defense and satellite angle, while the 2028 launch schedule leaves execution and monetization as the longer-term tests.

Nokia stock stays below its yearly high

The quoted 52-week range was EUR 4.21 to EUR 14.42 on October 2, 2026. Nokia stock was trading at EUR 9.34 at Lang & Schwarz on October 5, 2026 at 2:14 p.m. CEST, down 1.16 percent versus the EUR 9.45 prior close.

The further course of trading is shown by the continuously updated real-time quote of Nokia stock.