ERICSSON LM TELEPHONE (ERIC) Company Report

Analyst Coverage

Research analysts who have asked questions during ERICSSON LM TELEPHONE earnings calls.

Andreas Joelsson

Carnegie Investment Bank

4 questions for ERIC

Also covers: TIGO

Andrew Gardiner

Citigroup

4 questions for ERIC

Also covers: ARM, ASML, IFNNY +1 more

Felix Henriksson

Nordea Bank Abp

4 questions for ERIC

Also covers: NOK, TELNY

Sami Sarkamies

Danske Bank A/S

4 questions for ERIC

Also covers: NOK

Sandeep Deshpande

JPMorgan Chase & Co.

4 questions for ERIC

Also covers: ASML, IFNNY, NOK +1 more

Francois-Xavier Bouvignies

UBS

3 questions for ERIC

Also covers: ASML, NOK, NXPI +1 more

Joachim Gunell

DNB Markets

3 questions for ERIC

Also covers: NOK, YUBCF, YUBICO.ST

Sébastien Sztabowicz

Kepler Cheuvreux

3 questions for ERIC

Also covers: IFNNY, NOK, STM

Alexander Duval

Goldman Sachs

2 questions for ERIC

Also covers: ASML, NOK

Daniel Djurberg

Handelsbanken

2 questions for ERIC

Also covers: NOK

Didier Scemama

Bank of America

2 questions for ERIC

Also covers: ASML, IFNNY, LOGI +1 more

Erik Lindholm-Rojestal

SEB

2 questions for ERIC

Also covers: YUBCF, YUBICO.ST

Fredrik Lithell

Handelsbanken Capital Markets

2 questions for ERIC

Also covers: NOK, TELNY

Jakob Bluestone

BNP Paribas

2 questions for ERIC

Also covers: IFNNY, NOK

Richard Kramer

Arete Research

2 questions for ERIC

Also covers: AAPL, CRTO, NOK +2 more

Ulrich Rathe

Sanford C. Bernstein & Co., LLC

2 questions for ERIC

Also covers: LBTYA, NOK, TELNY

Janardan Menon

Jefferies

1 question for ERIC

Also covers: IFNNY, STM

Joseph Zhou

Barclays PLC

1 question for ERIC

Robert Sanders

Deutsche Bank

1 question for ERIC

Also covers: NOK

Simon Granath

ABG Sundal Collier

1 question for ERIC

Terence Tsui

Morgan Stanley

1 question for ERIC

Latest news

Recent press releases and 8-K filings for ERIC.

Ericsson's Vonage Launches Fraud Prevention Network APIs in U.S.

ERIC

Product Launch

New Projects/Investments

Vonage, a part of Ericsson, has commercially launched its fraud prevention Network APIs, including Silent Authentication and SIM Swap, across the U.S..
This launch makes Vonage the first to bring these specific APIs to enterprises and developers across all major U.S. carrier networks.
The new APIs leverage carrier-verified trust signals for advanced fraud detection, with Freenow (a part of Lyft) and Persona already onboarded as customers.
Silent Authentication has shown 3 to 5 times faster authentication and up to 8 percentage points higher conversion rates, while SIM Swap detection can improve fraud detection by 30-40%.

Nov 17, 2025, 4:00 PM

Press Release

Ericsson and Export Development Canada Announce $3 Billion Partnership

ERIC

New Projects/Investments

Ericsson has entered into a three-year, USD $3 billion partnership agreement with Export Development Canada (EDC).
This partnership is designed to expand investment in Canadian research and development, strengthen domestic supply chains, and accelerate next-generation technologies such as 5G, Cloud RAN, AI, and quantum innovation.
The agreement builds upon a previous CAD 634.8 million R&D agreement with the Government of Canada announced in 2024, further solidifying Ericsson's long-term commitment to Canadian innovation.

Oct 15, 2025, 10:00 AM

Press Release

Ericsson Reports Q3 2025 Results with Strong Profitability Boosted by Divestment

ERIC

Earnings

M&A

Guidance Update

Ericsson reported a -2% organic sales decline in Q3 2025, with total reported sales reaching SEK 56.2 billion.
Profitability significantly increased, with adjusted EBITA at SEK 15.8 billion (28.1% margin) and diluted EPS at SEK 3.33. These figures include a SEK 7.6 billion capital gain from the divestment of iconectiv, which contributed SEK 1.72 per share to EPS.
The adjusted gross margin improved to 48.1% in Q3 2025, up from 46.3% in Q3 2024, driven by operational execution and cost efficiency.
The company maintained a strong cash position, with net cash increasing to SEK 51.9 billion. Management expects Enterprise organic sales to stabilize in Q4 and the RAN market to remain broadly stable.

Oct 14, 2025, 6:06 PM

6-K

Ericsson Announces Q3 2025 Results and Plans for Shareholder Returns

ERIC

Earnings

Guidance Update

Dividends

Ericsson reported Q3 2025 net sales of SEK 56.2 billion, with organic sales declining 2% year-on-year, primarily due to reduced sales in the Americas.
The company achieved a three-year high EBITDA margin of 14.7% (excluding the iConnective sale gain) and a gross margin of 48.1%, driven by structural improvements in its cost base and operational efficiency, including a reduction of 6,000 employees over the last year.
Adjusted EBITDA increased by SEK 0.4 billion to SEK 8.2 billion, and cash flow before M&A was SEK 6.6 billion, leading to an elevated net cash position of SEK 51.9 billion.
Due to the strong cash position, the board plans to propose increased shareholder returns through extra dividends and/or a share buyback program at the upcoming Annual General Meeting.
For Q4, Ericsson anticipates sales growth broadly similar to the three-year average quarter-on-quarter seasonality and expects Networks adjusted gross margin to be in the range of 49% to 51%.

Oct 14, 2025, 7:00 AM

Transcript

Ericsson Updates Capital Structure on May 30 2025

ERIC

Share Buyback

Executive Compensation

Total shares increased to 3,371,351,735 with 261,755,983 A shares and 3,109,595,752 B shares, and total votes of 572,715,558.2, reflecting the updated capital structure.
The increase stems from issuing 23.1 million C shares, subsequently repurchased and converted into B shares, supporting the Long-Term Variable Compensation Programs.

May 30, 2025, 12:00 AM

6-K

Ericsson Announces Share Transfer Mandate Utilization

ERIC

Ericsson’s AGM on March 25, 2025 authorized the company to retain and sell up to 60% of the vested LTV 2022 shares of series B to cover tax and social security liabilities related to performance share awards.
The transfer, involving a maximum of 368,692 series B shares from the existing 38,390,417 held, may occur on Nasdaq Stockholm from May 19, 2025 until the AGM in 2026 at a registered price interval.

May 19, 2025, 12:00 AM

6-K

Ericsson Resolves Acquisition Offer for C Shares

ERIC

Executive Compensation

Share Buyback

On May 5, 2025, Ericsson announced an acquisition offer for 23.1 million C shares to fund its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024.
The offer, effective May 5–May 19, 2025, provides for cash payment of approximately SEK 5 per share.
Once acquired, the C shares will be converted into B shares, resulting in a total share count of 3,371,351,735, including 261,755,983 A shares and 3,109,595,752 B shares.

May 5, 2025, 12:00 AM

6-K

Ericsson Reports Q1 2025 Results

ERIC

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Guidance Update

Q1 2025 results: net sales of SEK 55.0 billion, adjusted EBITA of SEK 6.9 billion, adjusted gross margin at 48.5%, and EBITA margin at 12.6%
Networks segment delivered robust performance with sales of SEK 35.6 billion and an improved adjusted EBITA margin of 21%
Strategic advancements include the first programmable networks partnership in Asia Pacific with Telstra and network API fraud detection deployments by all three USA operators
The company announced a new market area structure to consolidate regions and enhance operational efficiency
Q2 guidance projects margins between 48% and 50%, factoring a 1 percentage point tariff impact as the firm advances its strategic priorities

Apr 16, 2025, 12:00 AM

6-K Transcript

Ericsson Partners with GCI for 5G Core Network Deployment

ERIC

New Projects/Investments

Ericsson has been selected to deploy and operate a dual-mode 5G Core network for GCI, integrating cloud-native infrastructure and advanced AI tools to streamline core operations.
The initiative supports GCI’s transition toward 5G Standalone (SA) services while enhancing operational efficiency and freeing up resources for strategic investments.

Apr 14, 2025, 1:00 PM

Press Release

Ericsson Approves 2024 Financials and Dividend at AGM 2025

ERIC

Dividends

Board Change

Executive Compensation

Adopted financial statements for 2024 and approved a dividend of SEK 2.85 per share (with disbursement in two installments) during the AGM held on March 25, 2025.
Board fee structure set with a yearly fee of SEK 5,000,000 for the Chair and SEK 1,300,000 for other non-employee members, including additional compensation for meeting attendance based on location.
Long-Term Variable Compensation Programs were approved, including the issuance of 12.7 million B-shares under LTV 2025 and adjustments related to previous LTV programs, reflecting key employee incentive measures.