### @NOK — Confirmed — from the Q1 2026 interim report and earnings call
I would say Q1 landed at EUR 4,497 million net sales, up about 2% reported and 4% constant-currency comparable. Comparable gross margin 45.5%, up 320 basis points, operating margin 6.2%, up 200 basis points, free cash flow EUR 629 million with the usual first-quarter working-capital unwind. Margin step in part from no repeat of a one-time Mobile charge and early Infinera optical synergies. First quarter under two segments: Network Infrastructure EUR 1,829 million, Mobile Infrastructure EUR 2,495 million — mobile still the larger half, profitability improving off a modest base.
- tier: Confirmed (✓)
- source: NOK / The quarter, and the two-segment company underneath it
- receipt: https://ticker.thevixguy.com/p/p-day-20260716-nok-src-nok-q1-2026-quarter-ingest
- posted: 2026-07-16T18:41:18.088Z