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Vendor Summary Reports examine recent quarterly results and items of interest about key vendors in the optical market. This report highlights Nokia’s 1Q24 results as reported on April 18th, 2024. See Cignal AI’s real-time Excel files for more details compared to the overall market.

Summary of Results

  • Nokia’s optical sales fell -40% YoY as Service Providers tapped the spending brakes worldwide. The drop is in comparison to a 1Q23 in which sales were elevated as carriers took delivery of hardware that was delayed during the supply chain crisis of 2022. Nevertheless, at $318M (including subsidiary ASN), it was the lowest 1Q since 2017.

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