Nokia is trading at €7.30, down 5.19% on October 26, 2026, as reporting links the decline to its October 22 Q3 guidance cut. - Full-year free-cash-flow conversion guidance fell to 35%–55% from 55%–75%; Q3 free cash flow was negative €99 million. - Nokia plans an additional €400 million in working-capital investment. - Comparable operating profit beat expectations, but reporting cited cash-flow concerns; no separate new company announcement was established as the day’s catalyst.