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Story summary
- Ericsson reported first-quarter 2026 results showing revenue of SEK49.3 billion, down 10% year over year, and net income of SEK887 million, down 79%.
- CEO Börje Ekholm attributed the declines to higher semiconductor costs driven by AI demand and weaker North America network equipment sales.
- Ericsson will pursue efficiency gains and supplier collaboration.
- The company plans a 15 billion-kronor share buyback and cites a major contract with AT&T.
