Europe's Cloud Future Hinges on Capability Partnerships

As AI accelerates the demand for sovereign cloud in Europe, addressing the region’s infrastructure scale barrier has become critical. Ilias Chantzos shares key takeaways from conversations with European partners and customers, as well as his perspective on why capability-boosting partnerships are the most viable path forward. https://brcm.tech/4fiKpbJ

As AI accelerates the demand for sovereign cloud in Europe, addressing the region’s infrastructure scale barrier has become critical. Ilias Chantzos shares key takeaways from conversations with European partners and customers, as well as his perspective on why capability-boosting partnerships are the most viable path forward. https://dy.si/MdgYA

As AI accelerates the demand for sovereign cloud in Europe, addressing the region’s infrastructure scale barrier has become critical. Ilias Chantzos shares key takeaways from conversations with European partners and customers, as well as his perspective on why capability-boosting partnerships are the most viable path forward. https://dy.si/fn5DsC

Nokia's Q2 confirms where the AI supercycle is at in terms of networking equipment: AI & Cloud net sales more than doubled (+105% YoY), with EUR2.8bn of order intake in the quarter & the industry's first commercial AI-RAN platform launched this week targeting 100%+ spectral efficiency gains by 2028, which I've written about previously. Margin leverage is still catching up to that growth & management has guided 2026 as more muted on operating leverage while new products scale, with a more visible step-up expected into 2027. Overall, it's supply, not demand that remains the constraint across the AI infrastructure stack.

The AI supercycle isn't a forecast anymore. It's in the numbers. Nokia just closed a solid Q2 2026, and the story is hard to miss: 🔹 Net sales +9% 🔹 Network Infrastructure +12% 🔹 Sales to AI & Cloud customers +105% — more than doubled in a single year 🔹 €2.8B in AI & Cloud order intake in the quarter alone 🔹 Comparable operating profit €434M, +18%; margin up to 9.0% Here's what those numbers actually mean: every AI model being trained, every inference being served, every agent quietly doing its job in the background — all of it rides on a network. Optical. IP. Fiber into homes and businesses. Trusted connectivity is the substrate the entire AI era is being built on. And we're not just selling into that demand — we're building the capacity behind it. ▪️ San Jose fab ramping production in Q4 ▪️ 10x expansion of advanced test and packaging in Pennsylvania, from Q3 ▪️ A definitive agreement to acquire NXP's Chandler campus in Arizona — leased capacity from early 2027, converting to Indium Phosphide production for optical components That's a long-term bet on where this is going. 2H 26, here we go! 🚀   #Nokia #AISupercycle #OpticalNetworks #Broadband #Connectivity

Today we announced our Q2 2026 financial results, demonstrating solid performance and clear momentum, particularly in AI & Cloud. As AI evolves, trusted connectivity becomes even more critical and we are delivering market leading innovation that helps customers differentiate and capture value in this new era. ➡️ Swipe through to see the key Q2 highlights. Read full report: https://nokia.ly/4gpEwXn #QComms #TeamNokia

Nokia just delivered a strong Q2 2026. Nokia’s Q2 2026 results are a great example of an “old” telecom quietly reinventing itself for the AI era: 1.- Net sales up 9% y/y at constant FX and comparable operating profit up 18% y/y, with margin rising to 9.0%. 2.- AI & Cloud customers drove the story: sales to this segment more than doubled (+105%), with a EUR 2.8B order book and roughly half expected to turn into revenue over the next 12 months.+ 3.- At the same time, Nokia is pushing hard on restructuring – front‑loading costs, simplifying its portfolio and investing in optical manufacturing capacity to capture long-term AI/data-center demand. 4.- And even with that heavy restructuring, the board still approved a dividend of EUR 0.04 per share, a small but important signal of confidence. I asked Perplexity to help me break down the report, and the numbers really highlight how much AI infrastructure is reshaping “legacy” network companies. #Nokia #NOK #AIInfrastructure #Telecom #Photonic #Investing #Equities #Earnings #Restructuring #Dividend #PerplexityAI

Nokia published its Q2 and half-year financial results today. It was a solid quarter for the company, with net sales up 9% y-o-y on a constant currency basis, fueled by growing AI and Cloud demand. It was also another positive quarter for Technology Standards. The team continued to build on our innovation leadership by advancing future standards, expanding our patent portfolio, and licensing the use of our fundamental inventions. Net sales in the second quarter were €407 million, up 15% year-on-year on a constant currency basis. The growth was driven by license agreements signed in the quarter and included a benefit from catch-up net sales. As always, these achievements are the results of hard work by an exceptional team. Thank you to everyone for your continued contributions!

Nokia delivered solid financial results for the current quarter with AI and cloud sales doubling YoY with healthy margin expansion. Lots of upside with continued investment in optical and IP networking and taking some significant writeoffs in the current quarter paves the way for improved future profitability. $NOK

Thank you to our customers & partners for your trust in our ability to deliver and to co-create our future business together. AI & Cloud is strategic to Nokia's growth and we continue to be humble and confident in listening to your needs in transforming and scaling your business. The demand of AI-driven use cases is not going to stop any time soon and Nokia is proud to be a part of the AI infrastructure growth, with unique solutions covering optics to routing, switching to netops/aiops. #excitingtime #deliverbusinessoutcome #AIcloud #APAC #longtermgrowth