Telecom network provider Nokia reported revenue of €6.125 billion for Q4 2025, up 2 percent year-over-year, and €19.889 billion for the full year, a 3 percent increase. Strong growth in Optical Networks and regional demand from North America and EMEA helped offset modest declines in other segments.
Optical Networks Lead Growth
Nokia’s Optical Networks segment saw exceptional growth, with revenue rising 88 percent to €982 million in Q4 and 85 percent to €3.019 billion for 2025. This surge was driven by strong demand from AI and Cloud customers as well as communication service providers (CSPs). The company also reported significant order intake growth in both segments, particularly in North America and EMEA.
IP Networks Performance
IP Networks revenue reached €783 million in Q4, up 5 percent, while full-year revenue was €2.594 billion, flat compared to 2024. Growth from AI & Cloud and enterprise customers was partially offset by a slight decline from CSPs. Regional performance showed strength in the Middle East, Africa, and North America, while Greater China experienced a decline. IP Networks also saw increased orders from AI and Cloud clients.
Fixed Networks and Fiber Expansion
Revenue from Fixed Networks rose 7 percent in Q4 to €643 million and 3 percent for the year to €2.373 billion. While fiber and fixed wireless businesses drove growth in Europe, North America, and India, other Fixed Networks areas experienced declines, balancing out net sales on a constant currency basis.
Regional Revenue Highlights
- Americas: Revenue climbed 37 percent in Q4 to €1.177 billion and 35 percent for 2025, driven mainly by Network Infrastructure in North America. Latin America saw declines across all business groups.
- APAC: Revenue rose 16 percent in Q4 to €412 million and 16 percent for the full year to €1.648 billion. Mobile Networks and Cloud & Network Services grew in the Rest of APAC, while India and Greater China saw declines.
- EMEA: Revenue increased 20 percent in Q4 to €818 million and 12 percent for 2025, supported by growth in Network Infrastructure and Mobile Networks. Nokia Technologies declined year-over-year but was offset by stronger Network Infrastructure sales.
Nokia’s regional revenue in 2025 showed mixed performance across markets. North America led with €1,968 million, up 5 percent, while Middle East & Africa grew strongly by 22 percent to €729 million. Rest of APAC also saw robust growth of 14 percent, reaching €736 million. Europe remained flat at €1,803 million. In contrast, Greater China and India declined 21 percent and 7 percent, respectively, and Latin America fell 13 percent to €245 million.
Key Takeaways
Nokia’s 2025 performance reflects a strategic focus on AI and Cloud-driven network solutions, particularly in Optical and IP Networks. Strong regional execution in North America and EMEA helped counterbalance challenges in APAC and Latin America. With continued demand for fiber, fixed wireless, and AI-enabled infrastructure, Nokia is well-positioned for growth in 2026.
BABURAJAN KIZHAKEDATH
