21 slides from Telefonaktiebolaget Lm Ericsson Class A's earnings presentation, Apr 17, 2026
Slide 1: Ericsson First quarter 2026
Ericsson First quarter 2026 April 17, 2026 © Telefonaktiebolaget LM Ericsson 2026 | First quarter report 2026 | April 17, 2026
Slide 2: First quarter 2026 forward-looking statements
First quarter 2026 This presentation contains forward-looking statements. Such statements are based on our current expectations and are subject to risks and uncertainties that could materially affect our business and results. Please read our earnings reports and our most recent annual report for a b
Slide 3: Business Overview
Business Overview Börje Ekholm President and CEO © Telefonaktiebolaget LM Ericsson 2026 | First quarter report 2026 | April 17, 2026
Slide 4: Key takeaways Q1 2026
Key takeaways Q1 2026 ● Q1 results reflect continued solid execution on operational and strategic priorities Organic1 sales YoY: ● Organic1 sales growth in all three segments – Strong market position and attractive portfolio driving customer demand 6% ● Solid gross margin performance with broad-base
Slide 5: Financial Overview
Financial Overview Lars Sandström Chief Financial Officer © Telefonaktiebolaget LM Ericsson 2026 | First quarter report 2026 | April 17, 2026
Slide 6: Sales Development Q1 2026
Sales Development Q1 2026 Market area net sales Organic growth Networks Cloud Software Enterprise (Q1 2026, SEK b.) (Q1 2026, YoY) and Services 67% 24% 8% % of Q1-26 net sales Americas 17.1 -2% 35% Europe, Middle East and 14.3 10% 29% Africa South East Asia, 6.9 12% 14% Oceania and India North East
Slide 7: Financial update Q1 2026
Financial update Q1 2026 Financial performance (adjusted) SEK b. Q1-26 Q1-25 YoY Q4-25 Organic sales increased 6% YoY Net sales 49.3 55.0 -10% 69.3 • Organic sales growth in all three major segments • SEK -7.8 b. currency impact Organic sales growth 6% Gross income 23.7 26.7 -11% 33.2 Adjusted gross
Slide 8: Segment Networks Q1 2026
Segment Networks Q1 2026 Net sales (SEK b.) Adjusted EBITA margin Rolling 4-quarter adjusted gross margin Rolling 4-quarter adjusted EBITA margin 49% 50% 50% 50% 50% 23% 46% 47% 22% 21% 43% 20% 20% 19% 18% 14% 19% 20% 20% 21% 20% 16% 18% 14% 37.7 40.0 46.8 35.6 35.7 35.4 44.2 32.9 Q2-24 Q3-24 Q4-24
Slide 9: Segment Cloud Software and Services Q1 2026
Segment Cloud Software and Services Q1 2026 Net sales (SEK b.) Adjusted EBITA margin Rolling 4-quarter adjusted gross margin Rolling 4-quarter adjusted EBITA margin 19% 43% 44% 40% 41% 37% 38% 38% 39% 13% 9% 10% 5% 3% 11% 12% 1% 1% 8% 6% 4% 4% 3% 4% 15.2 15.0 19.5 13.0 14.4 15.3 20.0 11.8 Q2-24 Q3-2
Slide 10: Segment Enterprise Q1 2026
Segment Enterprise Q1 2026 Net sales (SEK b.) Organic sales growth YoY 2% 4% 0% -3% -7% -7% -6% -7% 6.5 6.3 6.1 5.9 5.5 5.1 4.6 4.2 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 ● 4% organic sales growth, primarily driven by GCP ● Adjusted gross margin of 49.0% (56.2%), with decline driven by icon
Slide 11: Cash flow and financial position Q1 2026
Cash flow and financial position Q1 2026 FCF before M&A Net cash (SEK b.) FCF (SEK b.) Rolling 4-quarters FCF/sales 16% 15% 14% 16% 13% 12% 11% 9% 7.6 12.9 15.8 2.7 2.6 6.6 14.9 5.9 13.1 25.5 37.8 38.6 36.0 51.9 61.2 68.1 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25
Slide 12: Outlook
Outlook1 Increased uncertainty remains in the outlook and in the broader macroeconomic and geopolitical environment. Sales Sales growth in Q2 2026 is expected to be broadly similar to 3-year average Networks seasonality Sales Sales growth in Q2 2026 is expected to be above 3-year average seasonality
Slide 13: Closing Remarks
Closing Remarks Börje Ekholm President and CEO © Telefonaktiebolaget LM Ericsson 2026 | First quarter report 2026 | April 17, 2026
Slide 14: Summary
Summary ● Q1 demonstrates strong execution of strategic priorities – Strengthening of foundations globally – Healthy margins in varying market conditions ● Resilient, diversified, supply chain to deliver consistently for our customers amidst geopolitical and macro uncertainty ● Looking ahead – Input
Slide 15: Q&A
Q&A
Slide 16: Slide 16
Slide 17: Appendices
Appendices Appendix 1 – Ericsson Mobility Report, November 2025 Appendix 2 – Ericsson licensing progress Q1 2026 Appendix 3 – More information © Telefonaktiebolaget LM Ericsson 2026 | First quarter report 2026 | April 17, 2026
Slide 18: Appendix – Ericsson Mobility Report, Nov 2025
Appendix 1 – Ericsson Mobility Report, Nov 2025 Download the report here FWA connections (millions) 5G 4G and other technologies 350 million 70% FWA connections 70% of service providers expected to grow from that have 5G FWA offer 185 million in 2025 to 350 speed-based tariff plans million in 2031 4
Slide 19: Appendix 2 – Ericsson licensing progress Q1 2026
Appendix 2– Ericsson licensing progress Q1 2026 Smartphones ●Annual recurring IPR licensing revenue of Cellular IoT Media Services approximately SEK 13 b. at end of Q1 2026 Automotive Consumer Electronics ●Most major smartphone vendors now licensed for 5G ●Concluded licenses with 7 Chinese auto OEMs
Slide 20: Appendix – More information
Appendix 3 – More information Latest Event Annual General Meeting 2026 Telefonaktiebolaget LM Ericsson's Annual General Meeting (AGM) 2026 was held on Tuesday, March 31, 2026 Latest Information First quarter report 2026 Annual Report 2025 Ericsson Investor Relations homepage April 17, 2026 The Erics
Slide 21: Forward-looking statements
Forward-looking statements This report includes forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “believe,” “expect,” “foresee,” “anticipate,” “assume,” “intend,” “likely,” “projects,” “may,” “could,” “plan,” “estimate,” “f