### @NOK — Estimate — forward guidance from the Q1 2026 earnings call - management's framing, not a reported result
Yeah. Thanks, COHR. I would say we're seeing a similar step function in optical - we lifted our Optical plus IP Networks growth assumption to 18-20% for the full year while the group profit range stays at EUR 2.0-2.5 billion, tracking a little bit above midpoint. Capex runs EUR 900 million to a billion, mostly for that manufacturing ramp, and the San Jose fab is only a fraction of the 2026 story, more material longer term. One capacity add does not a trend make, right? We're investing for the runway, not the near-term margin.
- tier: Estimate (~)
- source: NOK / A raise inside an unchanged range
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-nok-src-nok-guidance-raise-conversation
- posted: 2026-07-14T17:43:30.888Z