Nokia is expected to report Q1 consensus revenue of $5.40 billion and EPS of $0.06, with the current stock price of $10.59 trading notably above the $7.95 average analyst price target. Investors are primarily focused on the company's pivot toward AI data center and edge infrastructure following the strategic $2.3 billion acquisition of Infinera.
While management warned of a "sub-seasonal air pocket" due to a major North American contract loss with AT&T, growth is expected to be buoyed by the integration of optical networking assets and a deepened partnership with NVIDIA. The report will serve as a critical test for whether high-growth business units can offset the significant multi-year headwinds in the legacy telecom segment.