Nokia Cuts 2026 Profitability Goal as AT&T Loss Hurts
- Now targets at least 13% comparable operating margin by 2026
- Mobile Networks unit is seen facing headwinds through 2025
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Nokia Oyj cut its longer-term profitability target after losing a key contract in the US and saying its 5G networks business faces challenges over the next two years.
The Finnish vendor to telecom operators lowered the comparable operating margin target it plans to achieve by 2026 to “at least 13%” from a prior guidance of “at least 14%,” according to a statement Tuesday, ahead of an investor update event.