Company: NOKBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001104659-25-070159
Chunk: 0

Company: NOKIA CORP
Filing Date: 2025-07-24
Form: 6-K
Chunk 0
---
<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,
D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

Report on Form 6-K dated July 24, 2025

(Commission File No. 1-13202)

Nokia Corporation

Karakaari 7

FI-02610 Espoo

Finland(Translation of the registrant’s name into English and address of registrant’s principal executive office)</div>

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

<div align='center'>Form 20-F: x Form 40-F: ¨</div>

Enclosures:

| · | Nokia Corporation Report for Q2 2025 and Half Year 2025 |

| · | Report for Q2 and Half Year 2025 |

1

| STOCK EXCHANGE RELEASE 24 July 2025 |

Nokia Corporation

Half year financial report

24 July 2025 at 08:00 EEST

Nokia Corporation Report for Q2 and Half Year 2025

Solid performance offset by currency impact

| · | Q2                                                                                               
 comparable net sales declined 1% y-o-y on a constant currency and portfolio basis (2% reported)  
 due to a 13% decline in Mobile Networks which had benefited from accelerated revenue recognition 
 in the prior year. Network Infrastructure grew 8% while Cloud and Network Services grew 14%.     
 Nokia Technologies grew 3%.                                                                      |

| · | Comparable                                                                                    
 gross margin in Q2 was flat y-o-y at 44.7% (reported increased 10bps to 43.4%). Gross margins 
 were broadly stable in Network Infrastructure and Mobile Networks and improved in Cloud and   
 Network Services.                                                                             |

| · | Q2                                                                                               
 comparable operating margin decreased 290bps y-o-y to 6.6% (reported up 790bps to 1.8%),         
 driven by a negative EUR 50 million venture fund impact which includes a EUR 60 million negative 
 currency revaluation. Operating profit was also impacted by tariffs.                             |

| · | Q2                                                                                        
 comparable diluted EPS for the period of EUR 0.04; reported diluted EPS for the period of 
 EUR 0.02