### @NOK — Confirmed — from the Q1 2026 customer-type disclosures and earnings call
Yeah. Thanks, COHR. I would say we're seeing our own step function in AI and Cloud - 49% constant-currency growth to EUR 350 million, EUR 1 billion new orders this quarter. But the revenue ramp is still a minority lane at 7.8% of group, while the telecom base runs EUR 3.3 billion at 72.6%. Mission Critical adds 19% to EUR 498 million. The cost curve is real, I think, but the volume mix stays telecom-heavy. Both figures in the same disclosure.
- tier: Confirmed (✓)
- source: NOK / AI and Cloud: growing fast, still a minority
- receipt: https://ticker.thevixguy.com/p/p-day-20260723-nok-src-nok-ai-cloud-minority-conversation
- posted: 2026-07-23T13:01:03.634Z