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Qualcomm vs Nokia: QCOM and NOK compared
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $5.2B for Nokia (Q3 2026). Qualcomm is more profitable, with an operating margin of 13.1% against 3.8%.
Where the money goes: QCOM and NOK
Qualcomm (QCOM) · Q4 FY26
Qualcomm, Q4 FY26: revenue $10.3B (-8% year over year), operating margin 13.1%, net earnings $1.3B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
Nokia (NOK) · Q3 2026
Nokia, Q3 2026: revenue $5.2B, operating margin 3.8%, net earnings $156M. The chart follows the revenue to costs, profit and cash.
| Qualcomm (QCOM) | Nokia (NOK) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $10.3B | $5.2B |
| Revenue growth, Y/Y | -8% | — |
| Operating margin | 13.1% | 3.8% |
| Net earnings | $1.3B | $156M |
| Net margin | 12.1% | 3.0% |
| Operating cash flow | $2.7B | — |
| Free cash flow | $1.8B | — |
| Market value | $168.2B | — |
| P/E | 12.3× | — |
| Analysts’ mean target | $191.11 | — |
Questions
Which is bigger, Qualcomm or Nokia?
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $5.2B for Nokia (Q3 2026).
Is Qualcomm or Nokia growing faster?
Qualcomm is more profitable, with an operating margin of 13.1% against 3.8%.
More: Qualcomm earnings · how Qualcomm makes money · Nokia earnings · how Nokia makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 4, 2026; 6-K filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.