Nokia (NOK) Inventory (2009 - 2025)
Nokia's (NOK) quarterly Inventory came in at $2.6 billion in Q4 2025, up 11.25% year-on-year from $2.3 billion in Q4 2024, and up 11.25% quarter-over-quarter from $2.3 billion in Q4 2024.
Nokia (NOK) Inventory (2009 - 2025) Analysis & Trends
Nokia has disclosed Inventory across 17 years of filings, most recently posting $2.6 billion for Q4 2025.
- Inventory for Q4 2025 came in at $2.6 billion, up 11.25% year-over-year; the trailing twelve-month figure through Dec 2025 was $2.6 billion (up 11.25% YoY), and the FY2025 annual result was $2.5 billion, up 7.98% from the prior year.
- Inventory came in at $2.6 billion for Q4 2025 at Nokia, up from $2.3 billion in the prior quarter.
- In the past five years, Inventory ranged from a high of $3.6 billion in Q2 2023 to a low of $2.3 billion in Q4 2024.
- The 5-year median for Inventory is $2.7 billion (2021), against an average of $2.9 billion.
- Across the five-year window, Inventory rose 21.73% in 2022 and retreated 26.09% in 2024, its largest moves.
- Nokia's Inventory stood at $2.7 billion in 2021, then advanced by 21.73% to $3.3 billion in 2022, then retreated by 12.18% to $2.9 billion in 2023, then declined by 20.99% to $2.3 billion in 2024, then advanced by 11.25% to $2.6 billion in 2025.
- The last three Inventory figures came in at $2.6 billion (Q4 2025), $2.3 billion (Q4 2024), and $2.7 billion (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 4.71 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 845.82 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 1.18 Bn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 6.91 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 632.80 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 654.01 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | 16.76 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 206.25 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 692.00 Mn |
| 10 | Nokia | 4.12 Bn | -2.64 Bn | 10.09 Bn | 2.57 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.57 Bn |
| Dec 31, 2024 | 2.31 Bn |
| Jun 30, 2024 | 2.67 Bn |
| Dec 31, 2023 | 2.93 Bn |
| Jun 30, 2023 | 3.61 Bn |
| Dec 31, 2022 | 3.33 Bn |
| Dec 31, 2021 | 2.74 Bn |
| Sep 30, 2021 | 2.93 Bn |
| Mar 31, 2021 | 2.73 Bn |
| Dec 31, 2020 | 2.67 Bn |
| Sep 30, 2020 | 3.21 Bn |
| Jun 30, 2020 | 3.16 Bn |
| Mar 31, 2020 | 3.13 Bn |
| Dec 31, 2019 | 558.98 Mn |
| Sep 30, 2019 | 4.05 Bn |
| Jun 30, 2019 | 4.05 Bn |
| Mar 31, 2019 | 4.01 Bn |
| Dec 31, 2018 | 594.67 Mn |
| Sep 30, 2018 | 3.70 Bn |
| Jun 30, 2018 | 3.51 Bn |