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Ericsson LM Telephone (ERIC) FY2025 earnings results (fiscal 2025)
20-F filed Mar 12, 2026
Ericsson LM Telephone (ERIC) reported revenue of $236.7B for the fiscal 2025 (FY2025), -5% from a year earlier. Operating margin was 16.3%, net earnings $28.4B (12.0% of revenue).
Ericsson LM Telephone, FY2025: revenue $236.7B (-4% year over year), operating margin 16.3%, net earnings $28.4B, operating cash flow $33.0B. The chart follows the revenue to costs, profit and cash.
| FY2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $236.7B | — | -5% |
| Gross profit | $112.7B | — | +3% |
| Operating profit | $38.6B | — | +796% |
| Net earnings | $28.4B | — | 1,421× |
| Operating cash flow | $33.0B | — | -29% |
| Free cash flow | $30.3B | — | -31% |
What changed
Revenue was SEK 236.7B in FY2025, down 5% year over year.
Gross margin was 47.6%, up 3.5 points from FY2024. Operating profit was SEK 38.6B, a 16.3% margin (up 14.6 points year over year). Operating expenses fell 30% while revenue fell 5%. Net earnings were SEK 28.4B, up 142040% year over year. The effective tax rate was 25.0%.
Operating cash flow was SEK 33.0B (down 29% year over year), 115% of net earnings. Non-cash charges added back SEK 8.9B of depreciation and amortization. Working capital and other items used SEK 4.7B. Capital expenditures of SEK 2.6B left free cash flow of SEK 30.3B.
Questions
What was Ericsson LM Telephone's revenue in the fiscal 2025?
Ericsson LM Telephone (ERIC) reported revenue of $236.7B for the fiscal 2025 (FY2025), -5% from a year earlier.
Was Ericsson LM Telephone profitable in the fiscal 2025?
Operating profit was $38.6B (16.3% of revenue) and net earnings $28.4B.