Ericsson (ADR)
Builds radio, core and cloud software systems for communications networks.
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Profile
Sells radio access, core-network, management and support systems to communications providers, with Networks supplying most of the business and Enterprise adding wireless and Vonage-based communications platforms. Its model rests on standards-led engineering, long carrier investment cycles and successful transitions between mobile-network generations.
Builds radio access, core-network, management and support systems for communications providers through Networks and Cloud Software and Services. Networks supplies most of the business, while Enterprise extends the portfolio into enterprise wireless and Vonage-based communications platforms; Other completes the reporting structure.
Operates across a global customer base and has repeatedly carried engineering and standards expertise from telephone switching through successive mobile generations to 5G and current network research. Long-cycle technology development and the ability to migrate carrier systems are central operating capabilities.
Depends on carrier investment cycles, successful standards transitions, resilient supply chains, geopolitical conditions, cybersecurity, intellectual-property licensing and effective acquisition integration. Compliance controls also remain structural after documented U.S. foreign-bribery resolutions and a later deferred-prosecution-agreement breach.
Company facts
Key statistics
Year to date +4.7% · Average volume (30d) 10.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Jul 15, 2026 | Danske Bank | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q2 FY26 | $0.13 | $0.13 | 0.0% | $5.66B | $5.47B | −3.2% | −0.69% |
| Apr 17, 2026Q1 FY26 | $0.11 | $0.13 | +18.2% | $5.48B | $5.41B | −1.3% | +3.52% |
| Jan 23, 2026Q4 FY25 | $0.23 | $0.27 | +17.4% | $7.19B | $7.69B | +7.1% | +2.40% |
| Oct 14, 2025Q3 FY25 | $0.13 | $0.16 | +23.1% | $7.15B | $5.90B | −17.4% | −2.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.38B | $5.74B | $5.78B | $7.08B | $5.33B | $5.66B | |
| Gross profit | $2.61B | $2.76B | $2.78B | $3.40B | $2.56B | $2.74B | |
| Operating income | $605.8M | $710.3M | $791.3M | $1.21B | $571.3M | $697.3M | |
| Net income | $405.6M | $466.9M | $1.15B | $874.9M | $96.0M | $434.9M | |
| Diluted EPS | $0.12 | $0.14 | $0.35 | $0.26 | $0.03 | $0.13 | |
| Gross margin | 48.5% | 48.0% | 48.1% | 48.0% | 48.1% | 48.4% | |
| Operating margin | 11.3% | 12.4% | 13.7% | 17.1% | 10.7% | 12.3% |
Fiscal years (4-quarter sums)FY21 $24.71B · FY22 $28.55B · FY23 $27.25B · FY24 $25.97B · FY25 $23.97B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $5.63B · Total debt $4.11B · Total assets $29.94B · Shareholders' equity $10.82B
Dividends
Raised for 6 straight years — most recently to $0.1615 from $0.1515 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 2, 2026 | Apr 2 | Apr 17 | $0.1615 | raised from $0.1515 |
| Sep 29, 2025 | Sep 29 | Oct 10 | $0.1515 | raised from $0.1423 |
| Mar 27, 2025 | Mar 27 | Apr 9 | $0.1423 | raised from $0.1302 |
| Oct 2, 2024 | Oct 2 | Oct 16 | $0.1302 | raised from $0.1275 |
| Apr 4, 2024 | Apr 5 | Apr 17 | $0.1275 | raised from $0.1222 |
| Sep 28, 2023 | Sep 29 | Oct 12 | $0.1222 | cut from $0.1303 |
| Mar 30, 2023 | Mar 31 | Apr 14 | $0.1303 | raised from $0.1133 |
| Sep 29, 2022 | Sep 30 | Oct 14 | $0.1133 | cut from $0.1332 |
Ownership
Shares outstanding 3.28B · Float 2.88B · 87.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Investor AB | 190.73M | 6.20% | 13D | Apr 4, 2025 |
| Hotchkis & Wiley Capital Management LLC | 68.70M | 2.09% | 13F | Aug 14, 2026 |
| Acadian Asset Management LLC | 62.03M | 1.89% | 13F | Aug 13, 2026 |
| Primecap Management Co/CA/ | 41.61M | 1.27% | 13F | Aug 14, 2026 |
| Goldman Sachs Group Inc | 15.28M | 0.47% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Nokia (ADR)
Closest broad-line rival across RAN, 5G core, and private wireless
- Oracle
Telecom-software rival in 5G core, signaling, policy, and charging
- Cisco Systems
Network-platform rival in carrier routing and enterprise connectivity
- Twilio
Direct Vonage rival in programmable communications APIs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Twilio | $237.78 | +0.02% | $36.09B | 33.1 | 38.6 | 6.5 | +22.0% |
| Median | 33.1 | 22.9 | 6.5 | +19.1% |