Ericsson Results Q3 2026: Revenue, Profit and Margins
In Q3 2026, Ericsson’s revenue was SEK 59,478.0 million, up 5.8% from Q3 2025. Operating profit was SEK 8,864.0 million, an operating margin of 14.9% (Q3 2025: 26.9%). Net income for the period was SEK 5,797.0 million and earnings per share SEK 1.78.
Ericsson income statement Q3 2026: where the revenue went
Of every SEK 100 of revenue in Q3 2026, SEK 14.9 was left as operating profit and SEK 9.7 as net income.
Key figures for Q3 2026
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Revenue, SEKM | 59,478.0 | 56,239.0 | +5.8% |
| Gross profit, SEKM | 27,990.0 | 26,777.0 | +4.5% |
| Gross margin | 47.1% | 47.6% | −0.6 pp |
| Operating profit, SEKM | 8,864.0 | 15,151.0 | −41.5% |
| Operating margin | 14.9% | 26.9% | −12.0 pp |
| Net income, SEKM | 5,797.0 | 11,300.0 | −48.7% |
| Net margin | 9.7% | 20.1% | −10.3 pp |
| Earnings per share | SEK 1.78 | SEK 3.34 | −46.7% |
Ericsson in charts
Ericsson from revenue to net income, Q3 2026
Net income was SEK 5,797.0 million on revenue of SEK 59,478.0 million, a net margin of 9.7%.
What drove Ericsson’s operating profit
Operating profit fell from SEK 15,151.0 million in Q3 2025 to SEK 8,864.0 million in Q3 2026. The chart shows which lines of the income statement made up the change.
Ericsson profitability: profit margins by quarter
In Q3 2026, Ericsson’s gross margin was 47.1% (Q3 2025: 47.6%), operating margin 14.9% (Q3 2025: 26.9%) and net margin 9.7% (Q3 2025: 20.1%). From Q1 2023 to Q3 2026, the operating margin ranged from −44.8% (Q3 2023) to 26.9% (Q3 2025).
Ericsson revenue growth by quarter
Revenue was SEK 59,478.0 million in Q3 2026, up 5.8% from Q3 2025. The highest quarter from Q1 2023 to Q3 2026 was Q4 2024, with SEK 72,913.0 million.
Ericsson operating profit by quarter
Operating profit was SEK 8,864.0 million in Q3 2026 (Q3 2025: SEK 15,151.0 million).
Ericsson revenue and earnings, last twelve months
In the twelve months to the end of Q3 2026, revenue was SEK 230,786.0 million (−4.0% on a year earlier) and net income SEK 19,331.0 million.
Ericsson earnings per share (EPS)
Earnings per share were SEK 1.78 in Q3 2026 (Q3 2025: SEK 3.34).
Quarterly results
| Quarter | Revenue | Change y/y | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|---|
| Q3 2026 | 59,478.0 | +5.8% | 8,864.0 | 14.9% | 5,797.0 | SEK 1.78 |
| Q2 2026 | 52,691.0 | −6.1% | 5,919.0 | 11.2% | 4,076.0 | SEK 1.22 |
| Q1 2026 | 49,332.0 | −10.3% | 1,443.0 | 2.9% | 887.0 | SEK 0.27 |
| Q4 2025 | 69,285.0 | −5.0% | 11,161.0 | 16.1% | 8,571.0 | SEK 2.57 |
| Q3 2025 | 56,239.0 | −9.0% | 15,151.0 | 26.9% | 11,300.0 | SEK 3.34 |
| Q2 2025 | 56,132.0 | −6.2% | 6,391.0 | 11.4% | 4,626.0 | SEK 1.37 |
| Q1 2025 | 55,025.0 | +3.2% | 5,931.0 | 10.8% | 4,217.0 | SEK 1.25 |
| Q4 2024 | 72,913.0 | +1.4% | 7,958.0 | 10.9% | 4,879.0 | SEK 1.44 |
Annual results
| Year | Revenue | Operating profit | Operating margin | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | 236,681.0 | 38,634.0 | 16.3% | 28,714.0 | SEK 8.53 |
| 2024 | 247,880.0 | 4,313.0 | 1.7% | 374.0 | SEK 0.01 |
| 2023 | 263,351.0 | −20,326.0 | −7.7% | −26,104.0 | −SEK 7.94 |
Dividends
| Financial year | Dividend per share | EPS | Payout ratio | Status | Source |
|---|---|---|---|---|---|
| 2025 | SEK 3.00 | SEK 8.53 | 35.2% | Board proposal | Release |
| 2024 | SEK 2.85 | SEK 1.44 | 197.9% | Decided by the AGM | Release |
“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio); N/M means not meaningful (loss).
Guidance vs. actual
What Ericsson told investors to expect in each report, and what it then reported for the year.
| Metric | Latest guidance (report) | Actual | Outcome |
|---|---|---|---|
| Networks: adjusted gross margin, 2026 | 49%–51% (FY '25) | — | Year in progress |
| Networks: adjusted gross margin, 2026 | 49%–51% (Q1 '26) | — | Year in progress |
| Networks: adjusted gross margin, 2026 | 48%–50% (H1 '26) | — | Year in progress |
| Networks: adjusted gross margin, 2026 | 49%–51% (9M '26) | — | Year in progress |
| Enterprise: revenue growth (organic), 2025 | Flat (9M '25) | — | Year in progress |
| Networks: adjusted gross margin, 2025 | 48%–50% (Q1 '25) | — | Year in progress |
| Networks: adjusted gross margin, 2025 | 48%–50% (H1 '25) | — | Year in progress |
| Networks: adjusted gross margin, 2025 | 49%–51% (9M '25) | — | Year in progress |
Guidance and actuals are as the company reported them, on the same basis (for example adjusted, or growth at constant currency). “Within guidance” means the actual is inside the latest range or meets the stated minimum or maximum; an “about” figure allows ±5% (±0.5 percentage points for percentages). For a direction such as “flat”, a change of less than 2% (0.5 points for margins) counts as flat. Guidance changed in a separate release between reports is shown from the next report onwards.
Calculate it yourself
- Operating margin calculatorEricsson in Q3 2026: 14.9%
- Net margin calculatorEricsson in Q3 2026: 9.7%
- Gross margin calculatorEricsson in Q3 2026: 47.1%
- Earnings per share calculatorEricsson in Q3 2026: SEK 1.78
About Ericsson
Ericsson is a Swedish company that supplies mobile network equipment, software and services to telecom operators, and connectivity solutions to enterprises.
- Ericsson interim report Jan–Sep 2026, published Oct 15, 2026
- Ericsson half-year report Jan–Jun 2026, published Jul 14, 2026
- Ericsson interim report Jan–Mar 2026, published Apr 17, 2026
- Ericsson financial statements release 2025, published Jan 23, 2026
- Ericsson interim report Jan–Sep 2025, published Oct 14, 2025
- Ericsson half-year report Jan–Jun 2025, published Jul 15, 2025
- Ericsson interim report Jan–Mar 2025, published Apr 15, 2025
- Ericsson financial statements release 2024, published Jan 24, 2025
- Ericsson interim report Jan–Sep 2024, published Oct 15, 2024
- Ericsson half-year report Jan–Jun 2024, published Jul 12, 2024
About these figures. All figures come from Ericsson’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.