CSIMarket
 
Nokia Corporation  (NYSE: NOK)
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 

Nokia's Customers Performance

NOK



 
NOK's Source of Revenues Nokia's Corporate Customers have recorded an increase in their cost of revenue by 17.5 % in the 4 quarter 2025 year on year, sequentially costs of revenue grew by 23.81 %. During the corresponding time, Nokia Corporation recorded a revenue increase by 3.48 % year on year, While revenue at the Nokia Corporation's corporate clients recorded rose by 14.15 % year on year, sequentially revenue grew by 13.38 %.

List of NOK Customers




Nokia's Customers have recorded an increase in their cost of revenue by 17.5 % in the 4 quarter 2025 year on year, sequentially costs of revenue grew by 23.81 %, for the same period Nokia Corporation recorded revenue increase by 3.48 % year on year,

List of NOK Customers

Nokia's Business Units
Network Infrastructure    40.12 % of total Revenue
Mobile Networks    39.22 % of total Revenue
Cloud and Network Services    13.1 % of total Revenue
Nokia Technologies    7.55 % of total Revenue
Group Common and Other    0.09 % of total Revenue
Optical Networks    15.18 % of total Revenue
IP Networks    13.04 % of total Revenue
Fixed Networks    11.93 % of total Revenue
Elimination of interamounts Network Infrastructure    0.03 % of total Revenue
Elimination of interamounts Mobile Networks    0.03 % of total Revenue
Eliminations and unallocated items    -0.08 % of total Revenue
Eliminations and unallocated items Other Segments    -0.06 % of total Revenue
Reportable segments    100.14 % of total Revenue
Restructuring and associated charges Eliminations and unallocated items    -0.74 % of total Revenue
Amortization and depreciation of acquired intangible assets and property plant and equipment Eliminations and unallocated items    -0.03 % of total Revenue
Release of acquisition-related fair value adjustments to deferred revenue and inventory Eliminations and unallocated items    -0.08 % of total Revenue
Provision for contractual claims Eliminations and unallocated items    -0.33 % of total Revenue
Other Eliminations and unallocated items    0.02 % of total Revenue
Total reconciling items Eliminations and unallocated items    -0.14 % of total Revenue
Finland    7.25 % of total Revenue
United States    26.36 % of total Revenue
India    6.86 % of total Revenue
Great Britain    3.07 % of total Revenue
Other    45.76 % of total Revenue




   
Customers Net Income grew in Q4 by Customers Net margin grew to
21.67 % 22.1 %
Customers Net Income grew in Q4 by 21.67 %


Customers Net margin grew to 22.1 %



Nokia's Customers, Q4 2025 Revenue Growth By Industry
Customers in Advertising Industry -3.76 %   
Customers in Communications Services Industry      4.64 %
Customers in Personal Services Industry -0.54 %   
Customers in Professional Services Industry      14.97 %
Customers in Communications Equipment Industry      29.53 %
Customers in Internet Services & Social Media Industry      19.41 %
Customers in Cloud Computing & Data Analytics Industry      11.46 %
Customers in Software & Programming Industry      16.72 %
Customers in Internet, E-commerce, Online Shops Industry      13.63 %
Customers in Specialty Retail Industry  
     
• Customers Valuation • Customers Mgmt. Effect.


Nokia's Comment on Sales, Marketing and Customers



We target three customer segments with our hardware, software and services portfolio: Communications service providers, enterprise verticals and hyperscalers.
Networks play an increasingly important role in the economy and throughout society to enable mission-critical functions for both consumers and businesses. This allows Nokia to expand its market opportunities for delivering critical networks.
Critical networks combine carrier-grade resilience, reliability and security with webscale flexibility and elasticity. They are already in use today across industries like precision manufacturing, remote surgery, and high-frequency trading. As we move ahead in an era of digitalization, critical networks will gain much more importance and reliability requirements will increase significantly.
We target three customer segments with our hardware, software and services portfolio: Communications service providers, enterprise verticals and hyperscalers. Additionally, we focus on licensees in selected industries that benefit from the value of our innovations, primarily in the mobile devices, automotive, consumer electronics and emerging IoT industries.
In this section, we outline the trends that we see in each of our customer segments. Our analysis of the market evolution and customer trends informs our strategy.
An enterprise vertical represents a grouping of companies by an industry (like energy or transportation) that offers products and services that meet specific needs of that industry. Within the enterprise verticals segments, we primarily focus on transportation, energy, manufacturing, logistics and the public sector. We project that growth will be mainly driven by private wireless networks in manufacturing and logistics as well as energy. We estimate IP routing and optical networks will grow moderately.

Hyperscalers are not only a customer segment for Nokia. They also assume an increasingly important role in the telecommunication domain and will become ecosystem partners and potential competitors. Hyperscalers target edge computing as the next growth engine for industrial automation workloads and low-latency applications. They partner with CSPs to co-locate edge stacks on-premise and at metro sites. Furthermore, they aim to run telco network workloads on their cloud infrastructure. Hyperscalers engage in the transformation of network operations with collaboration models and services for 5G cloud deployments.





Nokia’s Comment on Sales, Marketing and Customers


We target three customer segments with our hardware, software and services portfolio: Communications service providers, enterprise verticals and hyperscalers.
Networks play an increasingly important role in the economy and throughout society to enable mission-critical functions for both consumers and businesses. This allows Nokia to expand its market opportunities for delivering critical networks.
Critical networks combine carrier-grade resilience, reliability and security with webscale flexibility and elasticity. They are already in use today across industries like precision manufacturing, remote surgery, and high-frequency trading. As we move ahead in an era of digitalization, critical networks will gain much more importance and reliability requirements will increase significantly.
We target three customer segments with our hardware, software and services portfolio: Communications service providers, enterprise verticals and hyperscalers. Additionally, we focus on licensees in selected industries that benefit from the value of our innovations, primarily in the mobile devices, automotive, consumer electronics and emerging IoT industries.
In this section, we outline the trends that we see in each of our customer segments. Our analysis of the market evolution and customer trends informs our strategy.
An enterprise vertical represents a grouping of companies by an industry (like energy or transportation) that offers products and services that meet specific needs of that industry. Within the enterprise verticals segments, we primarily focus on transportation, energy, manufacturing, logistics and the public sector. We project that growth will be mainly driven by private wireless networks in manufacturing and logistics as well as energy. We estimate IP routing and optical networks will grow moderately.

Hyperscalers are not only a customer segment for Nokia. They also assume an increasingly important role in the telecommunication domain and will become ecosystem partners and potential competitors. Hyperscalers target edge computing as the next growth engine for industrial automation workloads and low-latency applications. They partner with CSPs to co-locate edge stacks on-premise and at metro sites. Furthermore, they aim to run telco network workloads on their cloud infrastructure. Hyperscalers engage in the transformation of network operations with collaboration models and services for 5G cloud deployments.








NOK's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nokia Corporation 62,432.36 22,275.08 739.20 78,000
Zedge Inc 40.35 30.65 -2.93 82
At and t Inc 181,929.03 126,528.00 22,875.00 133,030
System1 Inc 18.12 228.85 -118.93 250
Squarespace Inc 6,619.60 1,103.63 -4.97 1,100
Snap Inc 9,232.14 6,097.02 -409.85 5,261
SUBTOTAL 26,111,856.83 4,219,558.61 1,013,489.79 4,576,308
35 more clients available

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Sources: Nokia Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Nokia Corporation’s corporate clients.
For your research, we’ve provided 9 tables on Nokia Corporation corporate clients.
You can find them in the navigation menu under Customers & Markets.
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