Analyst Consensus ?
ConsensusHold40 ratings
Bullish1537.5%
Neutral2255.0%
Bearish37.5%
Telefonaktiebolaget LM Ericsson (publ) · ERIC · FY2025 Q1 · Calendar Q2 2025
Ericsson: Americas Strength, Better Margins, Tariff Risk
The supplied analysis supports a cautiously constructive view of Ericsson's operating trajectory: Americas momentum, margin expansion and progress in programmable networks provide evidence of improving execution, but tariff exposure and the durability of demand remain unresolved.
Reported Before market openNASDAQTechnology
$35.21B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.09
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $55.65B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.3%
Event window
SPY move
-0.3%
Same window
Abnormal move
+8.6%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
+3.0%
Up to 20 sessions
ERICSPY benchmark
Ask FN2 about ERIC FY2025 Q1
Transcript, numbers and history already loaded
What drove ERIC's +8.3% move after FY2025 Q1 earnings?What changed in ERIC's guidance and outlook in FY2025 Q1?Give me the bull and bear case for ERIC after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the analysis shifted from a return to company-wide sales growth toward stable organic sales in Q1, with continued margin improvement. The company added evidence of traction in programmable networks, network APIs and Cloud Software & Services, while tariff exposure became a more explicit near-term concern.
Guidance delta
Management maintained guidance; Q2 was described as seasonally normal for sales, with network margins expected at 48%-50%.
Key takeaways
- Organic sales were stable, with a 20% year-over-year increase in the Americas.
- Management highlighted margin expansion and continued progress in programmable networks and APIs.
- Cloud Software & Services recorded its first positive quarter, according to the supplied analysis.
- Tariffs, macro volatility, Chinese competition and regional weakness remain key watchpoints.
Management priorities
- Expand programmable networks and the radio portfolio
- Scale network APIs through the Aduna joint venture
- Pursue private 5G and 5G Stand-Alone enterprise deployments
- Continue cost-control and operational-efficiency initiatives
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$10.66Previous close
$6.1Low
$7.63Average
$9High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Oct 8, 2026 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Sep 22, 2026 |
| TD Cowen | Outperform | Outperform | Maintain | Apr 19, 2023 |
| Raymond James | Market Perform | Outperform | Downgrade | Feb 7, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 23, 2023 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Jan 10, 2023 |
| Barclays | Overweight | Overweight | Maintain | Oct 13, 2022 |
| Redburn Partners | Neutral | Neutral | Maintain | Sep 26, 2022 |
| Jefferies | Hold | Hold | Maintain | Mar 17, 2022 |
| Citigroup | Neutral | Buy | Downgrade | Feb 28, 2022 |
| Arete Research | Neutral | Sell | Upgrade | Jul 21, 2021 |
| Argus Research | Hold | Buy | Downgrade | Jul 19, 2021 |
| B of A Securities | Buy | Buy | Maintain | Jul 20, 2020 |
| DZ Bank | Buy | Hold | Upgrade | Sep 20, 2019 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 29, 2019 |
| Credit Suisse | Outperform | Neutral | Upgrade | May 24, 2019 |
| Bank of America | Buy | Neutral | Upgrade | May 22, 2019 |
| Canaccord Genuity | Hold | Hold | Maintain | Sep 28, 2018 |
| Berenberg | Hold | Hold | Maintain | Apr 11, 2018 |
| Danske Bank | Buy | Buy | Maintain | Dec 15, 2016 |
| UBS | Neutral | Buy | Downgrade | Jul 21, 2016 |
| Charter Equity | Underperform | Market Perform | Downgrade | Jul 20, 2016 |
| Swedbank | Neutral | Buy | Downgrade | May 3, 2016 |
| Bernstein | Market Perform | Outperform | Downgrade | Apr 22, 2016 |
| CLSA | Sell | Sell | Maintain | Apr 12, 2016 |
| Wells Fargo | Perform | Market Perform | Maintain | Mar 11, 2016 |
| Deutsche Bank | Hold | Buy | Downgrade | Jan 15, 2016 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Dec 21, 2015 |
| SEB Enskilda | Buy | Buy | Maintain | Jul 21, 2014 |
| Nomura | Neutral | Buy | Downgrade | Apr 24, 2014 |
| Societe Generale | Buy | Sell | Upgrade | Dec 11, 2013 |
| Mizuho | Buy | Buy | Maintain | Dec 10, 2013 |
| Santander | Buy | Hold | Upgrade | Nov 15, 2013 |
| ABG Sundal Collier | Hold | Buy | Downgrade | Oct 15, 2013 |
| Evercore Partners | Overweight | Overweight | Maintain | Sep 26, 2013 |
| Evercore ISI Group | Overweight | Overweight | Maintain | Sep 26, 2013 |
| DNB Markets | Hold | Buy | Downgrade | Sep 20, 2013 |
| Nordea Equity | Hold | Buy | Downgrade | Mar 19, 2013 |
| Nordea | Hold | Buy | Downgrade | Mar 19, 2013 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $10.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Terrance Tsul | $9 | $10.25 | -15.6% | Sep 22, 2026 |
| J.P. Morgan | Sandeep Deshpande | $7.78 | $4.58 | -27.0% | Nov 13, 2023 |
| Goldman Sachs | Alexander Duval | $6.1 | $5.54 | -42.8% | Oct 24, 2022 |
Track every rating change on ERIC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTelefonaktiebolaget LM Ericsson (publ), along with its various subsidiaries, operates as a global supplier of communication infrastructure, software, and service solutions, primarily serving the telecommunications industry and other diverse sectors. The company's business is organized into four distinct segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks division focuses on delivering cutting-edge radio access network (RAN) solutions for a wide array of network spectrums, encompassing robust integrated hardware and software, complete antenna and transport systems, and a full spectrum of services for network setup and ongoing maintenance.…
Historical context
All ERIC earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the ERIC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-01T00:02:13.289232+00:00
- Polygon adjusted daily market bars · 2026-10-26T08:40:42.984204+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T08:40:42.981375+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.