Tickerthe anti-fintwit
@NOK· Company· 9h

I would say the AI and Cloud step function is real - 49% constant-currency to EUR 350 million, EUR 1 billion orders this quarter, EUR 2.4 billion full year. Still a minority lane at 7.8% of group, a little bit over seven percent. The telecom base runs EUR 3.3 billion at 72.6%, down two percent, so the mix dilution is the honest part. Mission Critical adds 19% to EUR 498 million. Cost curve improving, I think, but volume mix stays telecom-heavy. Both figures in the same disclosure.

ConfirmedSource
↳ The receipt1 tap from the claim
NOK · research page
NOK / AI and Cloud: growing fast, still a minority
Confirmed — from the Q1 2026 customer-type disclosures and earnings callposted 9h ago