Telefonaktiebolaget Lm Ericsson Class A · OMXSTO:ERIC_A
Telefonaktiebolaget Lm Ericsson Class A — Q2 2026 Earnings Presentation
21 slides from Telefonaktiebolaget Lm Ericsson Class A's earnings presentation, Jul 14, 2026
Slide 1: Ericsson Second quarter 2026
Ericsson Second quarter 2026 July 14, 2026 © Telefonaktiebolaget LM Ericsson 2026 | Second quarter report 2026 | July 14, 2026
Slide 2: Forward-looking statements notice
Second 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
Slide 3: Business Overview
Business Overview Börje Ekholm President and CEO © Telefonaktiebolaget LM Ericsson 2026 | Second quarter report 2026 | July 14, 2026
Slide 4: Key takeaways Q2 2026
Key takeaways Q2 2026 ● Solid execution with strong margin delivery Organic1 sales YoY ● Organic sales declined by -1% – Growth excluding Q2 2025 IPR one-off revenue -1% ● Strong gross margin performance with broad-based contribution Adjusted2 gross margin 48.4% ● EBITA margin stable year on year ●
Slide 5: Financial Overview
Financial Overview Lars Sandström Chief Financial Officer © Telefonaktiebolaget LM Ericsson 2026 | Second quarter report 2026 | July 14, 2026
Slide 6: Sales Development Q2 2026
Sales Development Q2 2026 Net sales Organic Cloud SEK growth Software % of Q2-26 Market area billion YoY Networks and Services Enterprise net sales Americas 18.8 -1% 36% Europe, Middle East and Africa 16.3 2% 31% South East Asia, Oceania and India 5.4 4% 10% North East Asia 3.7 8% 7% Other 8.5 -12%
Slide 7: Financial update Q2 2026
Financial update Q2 2026 Financial performance (adjusted) SEK billion Q2 2026 Q2 2025 YoY Change Q1 2026 Organic sales decreased -1% YoY • Growth in Cloud Software and Services and Net sales 52.7 56.1 -6% 49.3 Enterprise Organic sales growth -1% • Networks impacted by prior year IPR one-off Gross in
Slide 8: Segment Networks Q2 2026
Segment Networks Q2 2026 46.8 50% 50% 50% 50% 50% 44.2 47% 49% 40.0 46% 35.6 35.7 35.4 32.9 33.0 22% 23% 19% 20% 20% 21% 20% 20% 20% 21% 20% 19% 16% 18% 18% 18% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net sales (SEK b.) Adjusted EBITA margin Ro
Slide 9: Segment Cloud Software and Services Q2 2026
Segment Cloud Software and Services Q2 2026 43% 44% 44% 20.0 40% 41% 19.5 38% 38% 39% 15.0 14.4 15.3 14.7 13.0 19% 11.8 13% 12% 11% 12% 13% 9% 10% 8% 5% 6% 4% 3% 4% 3% 1% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net sales (SEK b.) Adjusted EBITA
Slide 10: Segment Enterprise Q2 2026
Segment Enterprise Q2 2026 6.3 6.1 5.9 5.5 5.1 4.6 4.5 4.2 2% 4% 3% -3% -7% -7% -6% -7% Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net sales (SEK b.) Organic sales growth ● 3% organic sales growth ● Adjusted gross margin of 50.9% (54.9%), with decline driven by iconectiv divestment and product
Slide 11: Cash flow and financial position Q2 2026
Cash flow and financial position Q2 2026 68.1 15.8 61.2 14.9 59.8 12.9 51.9 16% 16% 15% 14% 13% 12% 37.8 38.6 12% 11% 36.0 6.6 25.5 5.9 2.7 2.6 0.4 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 FCF before M&A (SEK b.) Rolling 4-quarters FCF/sales Net
Slide 12: Outlook
Outlook1 Increased uncertainty remains in the outlook and in the broader macroeconomic and geopolitical environment. Sales Networks Sales growth in Q3 2026 is expected to be above 3-year average seasonality Sales Sales growth in Q3 2026 is expected to be broadly similar to 3-year average Cloud Softw
Slide 13: Closing Remarks
Closing Remarks Börje Ekholm President and CEO © Telefonaktiebolaget LM Ericsson 2026 | Second quarter report 2026 | July 14, 2026
Slide 14: Summary
Summary ● Q2 demonstrates strong execution of operational and strategic priorities – Focused on serving our customers – Disciplined execution across our business ● Looking ahead – Taking actions to help mitigate component cost inflation – Well positioned for next wave of AI-driven connectivity Well
Slide 15: Q&A
Q&A
Slide 16: Slide 16
Slide 17: Appendices
Appendices Appendix 1 – Ericsson Mobility Report, June 2026 Appendix 2 – Ericsson licensing progress Q2 2026 Appendix 3 – More information © Telefonaktiebolaget LM Ericsson 2026 | Second quarter report 2026 | July 14, 2026
Slide 18: Appendix 1 – Ericsson Mobility Report, June 2026
Appendix 1 – Ericsson Mobility Report, June 2026 Download the report here World Population coverage outside mainland China, by technology 50% 3 billion Half the world outside of 5G subscriptions have now mainland China still lack exceeded 3 billion 5G coverage 22% 2 billion Mobile network data 2 bil
Slide 19: Appendix 2 – Ericsson licensing progress Q2 2026
Appendix 2– Ericsson licensing progress Q2 2026 ● Annual recurring revenue of approx. SEK 13.5 b. ● Settlement agreements with all top 10 smartphone vendors (July 2026) ● Settlement and first license agreement in payment terminals vertical (Cellular IoT) ● Seventeen 4G/5G agreements concluded with 1
Slide 20: Appendix 3 – 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 Second quarter report 2026 Annual Report 2025 Ericsson Investor Relations homepage July 14, 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
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