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Qualcomm vs Ericsson LM Telephone: QCOM and ERIC compared
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $59.5B for Ericsson LM Telephone (Q3 2026). Ericsson LM Telephone is growing faster (+6% against -8% a year earlier). Qualcomm is more profitable, with an operating margin of 13.1% against 6.1%.
Where the money goes: QCOM and ERIC
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) · 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.
| Qualcomm (QCOM) | Ericsson LM Telephone (ERIC) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $10.3B | $59.5B |
| Revenue growth, Y/Y | -8% | +6% |
| Operating margin | 13.1% | 6.1% |
| Net earnings | $1.3B | $5.8B |
| Net margin | 12.1% | 9.7% |
| Operating cash flow | $2.7B | $6.5B |
| Free cash flow | $1.8B | — |
| Market value | $168.2B | — |
| P/E | 12.3× | — |
| Analysts’ mean target | $191.11 | — |
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, Qualcomm or Ericsson LM Telephone?
Qualcomm is the larger company: $10.3B of revenue in its latest quarter (Q4 FY26) against $59.5B for Ericsson LM Telephone (Q3 2026).
Is Qualcomm or Ericsson LM Telephone growing faster?
Ericsson LM Telephone is growing faster (+6% against -8% a year earlier).
Which is more profitable, Qualcomm or Ericsson LM Telephone?
Qualcomm is more profitable, with an operating margin of 13.1% against 6.1%.
More: Qualcomm earnings · how Qualcomm makes money · Ericsson LM Telephone earnings · how Ericsson LM Telephone makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 4, 2026; 6-K filed Oct 15, 2026). Fiscal quarters can end on different dates. Not investment advice.