ERIC

MKT CAP:$38B

Telefonaktiebolaget LM Ericsson (publ)

Market Cap

$38B

Technology·Communication Equipment·🇸🇪 Sweden·NASDAQ

Technology·Communication·🇸🇪·NASDAQ

Stock Price

$11.26+$1.76 (+18.47%)

Apr 24, 2026

Company Details

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services,...

CEO

E. Borje Ekholm

IPO Date

Aug 24, 1981

Website

www.ericsson.com

Key Metrics TTM

Revenue

$24.8B

-6.5% YoY

Net Income

$2.7B

EPS (Diluted)

$0.81

Free Cash Flow

$3.1B

Revenue / Share

$7.42

Gross Margin

48.0%

Operating Margin

13.7%

Net Margin

10.8%

FCF Margin

12.7%

P/S

1.5x

P/E

14.0x

Earnings Reports

Q1 2026

Apr 17, 2026

NEW

$5.5B-0.9%EPS $0.03

FY 2025

Mar 12, 2026

$24.1B-14.2%EPS $0.87

Q4 2025

Mar 12, 2026

$7.3B-9.2%EPS $0.27

Q3 2025

Oct 14, 2025

$6.0B-7.3%EPS $0.36

Q2 2025

Jul 15, 2025

$6.0B-7.0%EPS $0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$7.0B	$3.0B	$786M
Q3 22	$7.8B	$3.2B	$792M
Q4 22	$8.9B	$3.7B	$1.1B
Q1 23	$6.7B	$2.7B	$430M
Q2 23	$7.1B	$2.7B	$277M
Q3 23	$7.1B	$2.8B	$438M
Q4 23	$7.3B	$3.0B	$759M
Q1 24	$6.0B	$2.6B	$263M
Q2 24	$6.4B	$2.8B	$344M
Q3 24	$6.5B	$3.0B	$763M
Q4 24	$8.1B	$3.7B	$1.1B
Q1 25	$5.6B	$2.7B	$628M
Q2 25	$6.0B	$2.9B	$737M
Q3 25	$6.0B	$2.9B	$821M
Q4 25	$7.3B	$3.5B	$1.3B
Q1 26	$5.5B	$2.7B	$593M

Valuation

Quarter	P/S	P/E
Q2 22	1.0x	10.3x
Q3 22	0.7x	7.9x
Q4 22	0.7x	9.9x
Q1 23	0.6x	10.2x
Q2 23	0.6x	13.9x
Q3 23	0.5x	—
Q4 23	0.7x	—
Q1 24	0.7x	—
Q2 24	0.8x	—
Q3 24	1.0x	—
Q4 24	1.0x	1042.8x
Q1 25	1.0x	162.1x
Q2 25	1.1x	15.4x
Q3 25	1.1x	10.3x
Q4 25	1.3x	10.8x
Q1 26	1.5x	13.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3M	-$85M
Q2 22	$729M	$609M
Q3 22	$542M	$415M
Q4 22	$2.1B	$2.0B
Q1 23	-$625M	-$727M
Q2 23	-$323M	-$413M
Q3 23	$177M	$90M
Q4 23	$1.5B	$1.4B
Q1 24	$569M	$520M
Q2 24	$994M	$919M
Q3 24	$1.5B	$1.4B
Q4 24	$2.0B	$1.9B
Q1 25	$442M	$368M
Q2 25	$442M	$381M
Q3 25	$839M	$785M
Q4 25	$1.7B	$1.6B

Capital Expenditures

Quarter	CapEx
Q1 22	$88M
Q2 22	$120M
Q3 22	$127M
Q4 22	$155M
Q1 23	$102M
Q2 23	$90M
Q3 23	$87M
Q4 23	$72M
Q1 24	$49M
Q2 24	$75M
Q3 24	$56M
Q4 24	$77M
Q1 25	$74M
Q2 25	$60M
Q3 25	$54M
Q4 25	$88M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+16.6%	+17.5%
Q3 22	+26.2%	+33.3%
Q4 22	+12.7%	+18.1%
Q1 23	+12.7%	+18.0%
Q2 23	+1.6%	+10.0%
Q3 23	-9.0%	-4.9%
Q4 23	-17.2%	-15.0%
Q1 24	-10.9%	-9.0%
Q2 24	-10.4%	-11.8%
Q3 24	-8.6%	-14.1%
Q4 24	+10.3%	+6.2%
Q1 25	-6.7%	-13.4%
Q2 25	-7.0%	-13.9%
Q3 25	-7.3%	-9.3%
Q4 25	-9.2%	-12.9%
Q1 26	-0.9%	-0.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$1.3B	$885M
Q3 22	$1.4B	$1.1B
Q4 22	$1.4B	$1.2B
Q1 23	$1.3B	$968M
Q2 23	$1.3B	$1.1B
Q3 23	$1.3B	$1.1B
Q4 23	$1.3B	$979M
Q1 24	$1.3B	$993M
Q2 24	$1.4B	$1.1B
Q3 24	$1.3B	$956M
Q4 24	$1.5B	$1.1B
Q1 25	$1.2B	$860M
Q2 25	$1.3B	$859M
Q3 25	$1.2B	$830M
Q4 25	$1.4B	$910M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$10.1B	$402M	$10.5B
Q3 22	$4.0B	$721M	$4.7B
Q4 22	$4.1B	$927M	$5.0B
Q1 23	$3.7B	$1.0B	$4.7B
Q2 23	$2.4B	$920M	$3.3B
Q3 23	$2.9B	$1.0B	$4.0B
Q4 23	$3.8B	$1.0B	$4.8B
Q1 24	$3.5B	$976M	$4.4B
Q2 24	$3.1B	$1.5B	$4.6B
Q3 24	$4.0B	$1.1B	$5.1B
Q4 24	$4.8B	$1.4B	$6.1B
Q1 25	$4.8B	$555M	$5.4B
Q2 25	$3.6B	$730M	$4.3B
Q3 25	$4.6B	$899M	$5.5B
Q4 25	$4.8B	$1.4B	$6.1B
Q1 26	$5.6B	$0	$5.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	3.33B	+0.0%	+0.1%
Q3 22	3.33B	0.0%	+0.0%
Q4 22	3.33B	0.0%	+0.0%
Q1 23	3.33B	0.0%	+0.0%
Q2 23	3.33B	-0.1%	-0.1%
Q3 23	3.33B	-0.0%	-0.1%
Q4 23	3.33B	+0.0%	-0.1%
Q1 24	3.33B	+0.1%	+0.0%
Q2 24	3.33B	-0.1%	+0.1%
Q3 24	3.34B	+0.2%	+0.3%
Q4 24	3.33B	-0.2%	+0.1%
Q1 25	3.34B	+0.2%	+0.1%
Q2 25	3.33B	-0.2%	+0.0%
Q3 25	3.33B	0.0%	-0.2%
Q4 25	3.34B	+0.3%	+0.3%
Q1 26	3.34B	+0.0%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$69.3K	101K
Q3 22	$76.7K	101K
Q4 22	$84.0K	106K
Q1 23	$63.6K	106K
Q2 23	$67.7K	106K
Q3 23	$67.0K	106K
Q4 23	$73.4K	100K
Q1 24	$59.8K	100K
Q2 24	$64.0K	100K
Q3 24	$64.7K	100K
Q4 24	$85.8K	94K
Q1 25	$59.1K	94K
Q2 25	$63.1K	94K
Q3 25	$63.5K	94K
Q4 25	$77.8K	94K
Q1 26	$58.6K	94K

Revenue / Employee