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Ericsson LM Telephone vs Nokia: ERIC and NOK compared
Ericsson LM Telephone is the larger company: $59.5B of revenue in its latest quarter (Q3 2026) against $5.2B for Nokia (Q3 2026). Ericsson LM Telephone is more profitable, with an operating margin of 6.1% against 3.8%.
Where the money goes: ERIC and NOK
Ericsson LM Telephone (ERIC) · Q3 2026
Ericsson LM Telephone, Q3 2026: revenue $59.5B (+6% year over year), operating margin 6.1%, net earnings $5.8B, operating cash flow $6.5B. The chart follows the revenue to costs, profit and cash.
Nokia (NOK) · Q3 2026
Nokia, Q3 2026: revenue $5.2B, operating margin 3.8%, net earnings $156M. The chart follows the revenue to costs, profit and cash.
| Ericsson LM Telephone (ERIC) | Nokia (NOK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $59.5B | $5.2B |
| Revenue growth, Y/Y | +6% | — |
| Operating margin | 6.1% | 3.8% |
| Net earnings | $5.8B | $156M |
| Net margin | 9.7% | 3.0% |
| Operating cash flow | $6.5B | — |
Where the revenue comes from
Ericsson LM Telephone
- Americas: $19.8B (33%)
- Europe, Middle East and Africa¹⁾²⁾: $17.5B (29%)
- Other¹⁾²⁾: $8.9B (15%)
- South East Asia, Oceania and India: $8.8B (15%)
Questions
Which is bigger, Ericsson LM Telephone or Nokia?
Ericsson LM Telephone is the larger company: $59.5B of revenue in its latest quarter (Q3 2026) against $5.2B for Nokia (Q3 2026).
Is Ericsson LM Telephone or Nokia growing faster?
Ericsson LM Telephone is more profitable, with an operating margin of 6.1% against 3.8%.
More: Ericsson LM Telephone earnings · how Ericsson LM Telephone makes money · Nokia earnings · how Nokia makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 15, 2026; 6-K filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.