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Ericsson LM Telephone vs Qualcomm: ERIC and QCOM compared
Ericsson LM Telephone is the larger company: $236.7B of revenue in its latest quarter (FY2025) against $10.3B for Qualcomm (Q4 FY26). Ericsson LM Telephone is growing faster (-4% against -8% a year earlier). Ericsson LM Telephone is more profitable, with an operating margin of 16.3% against 13.1%.
Where the money goes: ERIC and QCOM
Ericsson LM Telephone (ERIC) · FY2025
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.
Qualcomm (QCOM) · Q4 FY26
Qualcomm, Q4 FY26: revenue $10.3B (-8% year over year), operating margin 13.1%, net earnings $1.3B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Ericsson LM Telephone (ERIC) | Qualcomm (QCOM) | |
|---|---|---|
| Latest quarter | FY2025 | Q4 FY26 |
| Revenue | $236.7B | $10.3B |
| Revenue growth, Y/Y | -4% | -8% |
| Gross margin | 47.6% | — |
| Operating margin | 16.3% | 13.1% |
| Net earnings | $28.4B | $1.3B |
| Net margin | 12.0% | 12.1% |
| Operating cash flow | $33.0B | $2.7B |
| Free cash flow | $30.3B | $1.8B |
| Market value | $33.2B | $168.2B |
| P/E | 1.2× | 12.3× |
| Analysts’ mean target | $9.52 | $185.79 |
Questions
Which is bigger, Ericsson LM Telephone or Qualcomm?
Ericsson LM Telephone is the larger company: $236.7B of revenue in its latest quarter (FY2025) against $10.3B for Qualcomm (Q4 FY26).
Is Ericsson LM Telephone or Qualcomm growing faster?
Ericsson LM Telephone is growing faster (-4% against -8% a year earlier).
Which is more profitable, Ericsson LM Telephone or Qualcomm?
Ericsson LM Telephone is more profitable, with an operating margin of 16.3% against 13.1%.
More: Ericsson LM Telephone earnings · how Ericsson LM Telephone makes money · Qualcomm earnings · how Qualcomm makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Mar 12, 2026; 10-K filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.