Filing Flows › Ericsson LM Telephone (ERIC) › Q2 2026 › vs Q2 2025
Ericsson LM Telephone (ERIC) Q2 2026 vs Q2 2025 (year over year)
Ericsson LM Telephone's revenue fell $3.4B (-6%) from $56.1B in Q2 2025 to $52.7B in Q2 2026. The biggest changes: South East Asia, Oceania and India −$1.7B (-24%); Americas −$1.0B (-5%); Europe, Middle East and Africa¹⁾²⁾ −$469M (-3%). Operating margin 4.6% against 5.0% (-0.5 pts).
Ericsson LM Telephone, Q2 2026: revenue $52.7B (-6% year over year), operating margin 4.6%, net earnings $4.0B, operating cash flow $1.9B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.6% | 5.0% | -0.5 pts |
| Net margin | 7.7% | 8.1% | -0.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Americas | $18.8B | $19.8B | −$1.0B | -5% |
| Europe, Middle East and Africa¹⁾²⁾ | $16.3B | $16.7B | −$469M | -3% |
| Other¹⁾²⁾ | $8.5B | $8.8B | −$283M | -3% |
| South East Asia, Oceania and India | $5.4B | $7.1B | −$1.7B | -24% |
| North East Asia | $3.7B | $3.8B | −$91.0M | -2% |
| Revenue | $52.7B | $56.1B | −$3.4B | -6% |
| Operating profit | $2.4B | $2.8B | −$416M | -15% |
| Costs & expenses | $50.3B | $53.3B | −$3.0B | -6% |
| Pre-tax earnings | $2.4B | $2.8B | −$416M | -15% |
| Cost of revenue | $28.6B | $29.5B | −$915M | -3% |
| Research & development | $10.5B | $12.2B | −$1.7B | -14% |
| Other operating costs | $11.2B | $11.6B | −$378M | -3% |
| Income tax benefit | $1.7B | $1.8B | −$134M | -7% |
| Net earnings | $4.0B | $4.6B | −$521M | -11% |
| Minority interests | $30.0M | $59.0M | −$29.0M | -49% |
| Working capital & other | $2.1B | $417M | $1.7B | +407% |
| Operating cash flow | $1.9B | $4.2B | −$2.2B | -53% |
Questions
How much did Ericsson LM Telephone's revenue grow year over year in Q2 2026?
Ericsson LM Telephone's revenue fell $3.4B (-6%) from $56.1B in Q2 2025 to $52.7B in Q2 2026.
What drove Ericsson LM Telephone's revenue change in Q2 2026?
South East Asia, Oceania and India −$1.7B (-24%); Americas −$1.0B (-5%); Europe, Middle East and Africa¹⁾²⁾ −$469M (-3%).