BRIEFINGS · Chips and AI hardware
Nokia AI and cloud sales more than double, with EUR 2.8 billion in orders
Nokia said second-quarter AI and cloud net sales more than doubled to EUR 446 million and that AI and cloud orders reached EUR 2.8 billion.
On 23 July 2026 Nokia, the telecom equipment maker, reported that second-quarter net sales to AI and cloud customers more than doubled year on year to EUR 446 million (103% as reported), with AI and cloud order intake of EUR 2.8 billion. The orders were long-term, in optical and IP networking, and Nokia expects about half to turn into revenue within twelve months. It said they may be uneven (Nokia SEC filing and call).
Why we file it. A network maker says AI customers doubled its sales there.
How we read it. Strong sales, though the order total included several large orders.
Why it matters to you: AI data centers need fast networks, and customers are placing long-term orders for them.
What this doesn't prove
Company figures: Nokia says several large orders lifted Q2 and may be uneven.
Next fixture
- Whether the orders convert to revenue as planned.
Sources
- Report for Q2 and Half Year 202623 July 2026
- Nokia Q2 2026 call transcript23 July 2026
Every figure above comes from these sources. Every briefing is checked against its sources before it publishes. Nothing here is a recommendation to buy or sell anything, and this is not investment advice. See the disclosures.
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