Telefonaktiebolaget LM Ericsson (publ) share price today

Telefonaktiebolaget LM Ericsson (publ)'s share price was $11.06 at the close on 4 November 2026. It has been rising for 2 weeks. That is 0.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $9 and $14, and at that close it sat 42% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Telefonaktiebolaget LM Ericsson (publ) is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 4 weeks in a row.

Over the last 10 years the share price moved +46% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Telefonaktiebolaget LM Ericsson (publ) declared SEK 3.00 per local share for Dec 2025. It reports in Swedish kronor, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield.

Telefonaktiebolaget LM Ericsson (publ) is on one of our US lists: US tech stocks.

Telefonaktiebolaget LM Ericsson (publ) earned SEK 5.8 B of net profit in the Sep 2026 quarter, −47.9% on the same quarter a year earlier. Full-year FY25 profit was SEK 28.4 B. Over 4 years profit has grown 5.8% a year on average. That is 9.8% of the quarter's revenue. The same quarter a year earlier earned SEK 11.1 B.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

Why profit moved: revenue changed +5.8% on a year earlier and the margin moved +2.6 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −14.7% and revenue −3.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

This company reports in Swedish kronor, not US dollars, so the money charts are left out here. The figures in the text are in that currency (SEK); nothing is converted.

Telefonaktiebolaget LM Ericsson (publ) reported SEK 59.5 B of revenue in the Sep 2026 quarter, +5.8% on the same quarter a year earlier. Over 4 years it has grown 0.5% a year on average. The last full year, FY25, came in at SEK 237 B. The last four reported quarters add to SEK 231 B.

Revenue is everything the company billed its customers in the period.

FY25 revenue was SEK 237 B, −4.5% on the year before.

Recent pace: the last four quarters grew −3.9% on average, against 0.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −4.0%, against −3.3% a year over the last 8 quarters (stabilising).

This company reports in Swedish kronor, not US dollars, so the money charts are left out here. The figures in the text are in that currency (SEK); nothing is converted.

Telefonaktiebolaget LM Ericsson (publ)'s operating margin was 16.5% in the Sep 2026 quarter, 2.6 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 6.7% and 13.7%. The latest quarter is above every full year in that period.

Operating margin is what is left from every SEK 100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Across 5 years it has been between 6.7% and 13.7%, and FY25's 13.7% is the highest of them.

Why the margin moved: operating margin changed +2.6 percentage points on the year while gross margin changed −0.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 233% of Telefonaktiebolaget LM Ericsson (publ)'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in SEK 33.0 B of operating cash against SEK 28.4 B of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After SEK 2.6 B of spending on assets, SEK 30.3 B was left over as free cash.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

This company reports in Swedish kronor, not US dollars, so the money charts are left out here. The figures in the text are in that currency (SEK); nothing is converted.

Telefonaktiebolaget LM Ericsson (publ) does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent SEK 8.3 B on assets over the last 3 years. Averaged over those years that is 1.2% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: SEK 8.3 B over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

This company reports in Swedish kronor, not US dollars, so the money charts are left out here. The figures in the text are in that currency (SEK); nothing is converted.

Telefonaktiebolaget LM Ericsson (publ)'s P/E is 18.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Telefonaktiebolaget LM Ericsson (publ)'s business is giving mixed signals. Revenue and profit growth are shrinking while ROCE is steady at 20.2%, so growth and returns point different ways. This is based on 12 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Telefonaktiebolaget LM Ericsson (publ) earned a ROE of 26% in FY25. That is up from a low of −27% in FY23. Its return on capital used (ROIC) is 19.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.0% net margin and 0.85× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 12.0% net margin × 0.85× asset turnover × 2.53× leverage (assets divided by equity) ≈ 25.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 26.1% − 6.6% = +19.5 percentage points. The 6.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value.

The 26.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 27.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Telefonaktiebolaget LM Ericsson (publ) has total debt of SEK 45.3 B against shareholder equity of SEK 111 B as of Sep 2026, so its debt is 0.41× its equity. Year by year, that ratio went from 0.38 in FY21 to 0.37 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

This company reports in Swedish kronor, not US dollars, so the money charts are left out here. The figures in the text are in that currency (SEK); nothing is converted.

We have no ownership or short-position figures for Telefonaktiebolaget LM Ericsson (publ), so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 7.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

For Telefonaktiebolaget LM Ericsson (publ), the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

There is no score against its industry: Telefonaktiebolaget LM Ericsson (publ) is not among the largest members shown in this industry comparison for Communication Equipment.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Telefonaktiebolaget LM Ericsson (publ) is the 7th largest of 30 Communication Equipment companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Lumentum Holdings Inc., Nokia Oyj and Ciena Corporation. Just below it: Ubiquiti Inc., Zebra Technologies Corporation and AST SpaceMobile, Inc.

Communication Equipment companies close in size

4. Lumentum Holdings Inc. $56.8 billion
5. Nokia Oyj $46.9 billion
6. Ciena Corporation $38.6 billion
7. Telefonaktiebolaget LM Ericsson (publ) $35.9 billion
8. Ubiquiti Inc. $33.6 billion
9. Zebra Technologies Corporation $15.7 billion
10. AST SpaceMobile, Inc. $13.9 billion

All 30 Communication Equipment companies, largest first

Companies close in size in other industries

413. Cboe Global Markets, Inc. $36.1 billion · Financial Data & Stock Exchanges
414. Arch Capital Group Ltd. $36 billion · Insurance - Diversified
415. Telefonaktiebolaget LM Ericsson (publ) $35.9 billion
416. Iron Mountain Incorporated $35.4 billion · REIT - Specialty
417. Restaurant Brands International Inc. $35.4 billion · Restaurants

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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