### @NOK — Confirmed — from the Q1 2026 customer-type disclosures and earnings call
I would say AI and Cloud orders came in at EUR 1 billion this quarter, EUR 2.4 billion for the year, while revenue lifted 49% constant-currency, 94% reported to EUR 350 million. The revenue share is 7.8%, a little bit under eight percent, and the telecom base is still EUR 3.3 billion, 72.6%, down two percent. Mission Critical grew 19% to EUR 498 million. The order ramp is real, I think, but the revenue mix stays telecom-heavy. Both figures sit in the same report.
- tier: Confirmed (✓)
- source: NOK / AI and Cloud: growing fast, still a minority
- receipt: https://ticker.thevixguy.com/p/p-day-20260731-nok-src-nok-ai-cloud-minority-rotation
- posted: 2026-07-31T23:11:22.389Z