Nokia

AI-driven optical scale: 800ZRx ramping toward millions of units, new InP fabs in San Jose and Chandler, a four-DSP roadmap, and a big push for multi-rail amplification.

Datacom and Telecom revenue reach new heights. 800GbE leads growth in Datacom, 1.6TbE ships in volume. Early 800ZR volume with much more expected in 2H26. OCS revenue is growing as Google moves to outside vendors.

Worldwide optical revenue up 20% YoY, while routing grew 30%. Cloud and Colo spending surged 63%.

Analysis and opinion on 2Q26 company results.

Datacom and Telecom revenue reached new records of $7.7 billion and $2.0 billion despite supply chain challenges. 800GbE continue to surge as 1.6TbE starts to ship in volume. In Telecom, a big quarter for 1.2T+ embedded and 800ZRx pushed growth.

22% growth, added Pluggable Applications Report

Driven by North American hyperscalers, worldwide Cloud & Colo spending leapt 61% to its eleventh consecutive quarter of year-over-year growth

Analysis and opinion on 1Q26 company results.

Uncovering who uses which DSP, and which DSP vendors ship the most volume. Updated with the latest data from 2025.

Datacom revenue crossed $6 billion for the quarter and $19 billion for the year as more than 42 million 400G+ datacom modules shipped. Annual Telecom revenue reached new heights as well, up 35% over 2024.

Coherent solutions for all next gen speeds and applications.

New for this quarter – WDM Pluggable Market Share

Analysis and opinion on 4Q25 company results.

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%

In this update to our 1Q25 report, we cover the trends favoring pluggable optics as well as the companies positioned to benefit.

Datacom revenue passed $5B with 800GbE module growth. Telecom revenue reached a 4-year peak with pluggable coherent modules and components.

New 800ZR/ZR+ pluggables deliver materially higher performance at lower space/power per bit, expanding usage from metro to regional and selected long-haul applications.

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%

Analysis and opinion on 3Q25 company results.

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%