Nokia Restructures Financials as It Prepares to Exit Non-Core Businesses — Nokia Oyj

Event summary

Nokia has recast its financial statements for Q1 2026 and all of 2025 to reflect Fixed Wireless Access CPE and Enterprise Campus Edge businesses as discontinued operations.
The move follows Nokia's strategy shift, which reorganized the company into two primary operating segments and identified non-core units for potential divestment.
Nokia has already agreed to sell its Fixed Wireless Access CPE business and is likely to sell its Enterprise Campus Edge business.
The classification of these businesses as discontinued operations had a minor impact on the financials of Nokia's Network Infrastructure and Mobile Infrastructure segments.

The big picture

Nokia's restructuring reflects a broader industry trend of telecom equipment providers streamlining operations to focus on high-growth areas. The divestment of non-core businesses aligns with Nokia's goal to become a more agile player in the connectivity space, particularly as it competes with rivals like Ericsson and Huawei. The financial recast provides a clearer picture of Nokia's core performance, which will be crucial for investors evaluating its long-term prospects.

What we're watching

Divestment Timing: The pace at which Nokia completes the sale of its Enterprise Campus Edge business will impact its financial stability and strategic focus.
Segment Performance: How the Network Infrastructure and Mobile Infrastructure segments perform without the discontinued operations will be key to assessing Nokia's core business health.
Strategic Realignment: Whether Nokia's new two-segment structure can drive growth and innovation in its core areas of fixed, mobile, and transport networks.