Telefonaktiebolaget LM Ericsson (publ)

NasdaqGS:ERIC Stock Report

Market Cap: US$37.7b

Telefonaktiebolaget LM Ericsson Management

Management criteria checks 3/4

Telefonaktiebolaget LM Ericsson's CEO is E. Ekholm, appointed in Jan 2017, has a tenure of 9.5 years. total yearly compensation is SEK102.65M, comprised of 18.3% salary and 81.7% bonuses, including company stock and options. directly owns 0.056% of the company’s shares, worth $21.11M. The average tenure of the management team and the board of directors is 2.7 years and 9.3 years respectively.

Key information

E. Ekholm

Chief executive officer

SEK 102.7m

Total compensation

CEO salary percentage18.31%
CEO tenure9.5yrs
CEO ownership0.06%
Management average tenure2.7yrs
Board average tenure9.3yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 30

Ericsson: Concerns On Growth/Valuation (Rating Downgrade)

Summary Ericsson is downgraded to a Hold with a new price target of 85 SEK, reflecting concerns over growth and valuation. ERIC's recent outperformance was driven by margin expansion and reduced restructuring costs, but top-line growth remains fundamentally constrained. 2026-2028 forecasts indicate AEPS and revenue headwinds, with hardware still accounting for ~60% of revenue and telco spending cycles winding down. I view the 15B SEK buyback as an inefficient use of capital, with limited impact on WACC and better alternatives available for shareholder value. Read the full article on Seeking Alpha
Seeking Alpha • Apr 15

Ericsson Jumps On Attractive Results, And Shares Deserve To Rise Further

Summary Ericsson shares rose 8.3% on April 15th due to better-than-expected Q1 2025 financial results, including revenue and EPS and a special dividend announcement. Despite historical volatility from the 5G rollout and macroeconomic factors, Ericsson consistently generates attractive cash flow and is trading at appealing levels, warranting a soft "buy" rating for ERIC shares. Ericsson's diverse global operations, especially in North America and its Networks segment, are key revenue drivers with significant growth potential from future 5G and 6G deployments. Management remains confident in their market position and resilience to economic uncertainties, projecting stable growth in the Networks and Cloud Software and Services segments. Read the full article on Seeking Alpha
Seeking Alpha • Jan 23

Ericsson: Taking Profits (Rating Downgrade)

Summary Ericsson has outperformed expectations with a 17% upside since my last review, driven by strong 3Q24 results and strategic JVs in network APIs. Despite solid financial trends and 5G advancements, I foresee challenges in network sales and margins, prompting a shift from "Buy" to "Hold.". The company's valuation is now too high, with a target of 94 SEK or $8.8, making it prudent to take profits at this juncture. While Ericsson remains fundamentally strong and well-run, its current valuation and market conditions suggest limited upside, justifying a more conservative stance. Read the full article on Seeking Alpha
Seeking Alpha • Oct 15

Q3 2024 Earnings: Hold Ericsson

Summary Telefonaktiebolaget LM Ericsson's stock surged post-earnings despite a year-on-year revenue decline, driven by strong expansion in Networks and improved EBIT and EBITDA figures. CEO Börje Ekholm highlighted increased customer momentum in programmable networks and a promising joint venture with 12 major telecom operators. The firm expects network sales to stabilize in Q4, with growth opportunities in 5G, enterprise 5G portfolio, and Intellectual Property Rights revenue. Risks include soft sales in Enterprise Wireless Solutions and initial lag in new product sales, but long-term growth potential remains strong. Read the full article on Seeking Alpha
Seeking Alpha • Aug 18

One Better-Than-Expected Quarter Doesn't Solve Ericsson's Problems

Summary Ericsson posted better-than-expected Q2 results, with revenue declining 7% but beating expectations, driven by a 5G licensing deal that boosted revenue and margins. North American revenue growth is a positive, but guidance suggests that there isn't any fundamental shift underway toward meaningful new deployments. The long-term outlook for Ericsson remains weak, with low single-digit revenue growth and modest operating leverage potential; unless drivers like midband 5G and IIoT really deliver, M&A may be necessary. I can make an argument for Ericsson shares trading as high as $9, but there's also a bear case that could send them back to $5 or below, and weak long-term growth prospects are a real issue. Read the full article on Seeking Alpha
Seeking Alpha • Jun 25

Ericsson Off The Bottom, But Hardly Thriving

Summary Ericsson has achieved some positives over the last year, including better-than-expected cost-cutting performance and a $14B-plus equipment win with AT&T. Ericsson's Open RAN win may ease concerns that it was moving too slowly in positioning itself for Open RAN demand, but margins on Open RAN business are a key unknown. Ericsson's other businesses like Cloud Software & Services and Enterprise show little obvious growth potential, and enterprise-relevant solutions are increasingly important. These shares don't look particularly pricey, but unless Open RAN margins are surprisingly good, it's tough to get very excited about the potential. Read the full article on Seeking Alpha
Seeking Alpha • Apr 16

Ericsson: An Earnings Review Following Q1 2024

Summary Ericsson's Q1 2024 results show positive signs of a turnaround, with increased gross margin and EBITDA margin. The company's Enterprise segment performed well, with stable sales and growth in Enterprise Wireless. Ericsson's outlook for the remainder of the fiscal year is generally positive, although challenges in the mobile networks segment remain. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has E. Ekholm's remuneration changed compared to Telefonaktiebolaget LM Ericsson's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

SEK 25b

Dec 31 2025SEK 103mSEK 19m

SEK 28b

Sep 30 2025n/an/a

SEK 25b

Jun 30 2025n/an/a

SEK 17b

Mar 31 2025n/an/a

SEK 2b

Dec 31 2024SEK 72mSEK 19m

SEK 20m

Sep 30 2024n/an/a

-SEK 1b

Jun 30 2024n/an/a

-SEK 36b

Mar 31 2024n/an/a

-SEK 25b

Dec 31 2023SEK 50mSEK 20m

-SEK 26b

Sep 30 2023n/an/a

-SEK 24b

Jun 30 2023n/an/a

SEK 12b

Mar 31 2023n/an/a

SEK 17b

Dec 31 2022SEK 53mSEK 19m

SEK 19b

Sep 30 2022n/an/a

SEK 23b

Jun 30 2022n/an/a

SEK 23b

Mar 31 2022n/an/a

SEK 22b

Dec 31 2021SEK 65mSEK 18m

SEK 23b

Sep 30 2021n/an/a

SEK 20b

Jun 30 2021n/an/a

SEK 20b

Mar 31 2021n/an/a

SEK 19b

Dec 31 2020SEK 106mSEK 18m

SEK 17b

Sep 30 2020n/an/a

SEK 14b

Jun 30 2020n/an/a

SEK 3b

Mar 31 2020n/an/a

SEK 2b

Dec 31 2019SEK 98mSEK 16m

SEK 2b

Compensation vs Market: E.'s total compensation ($USD10.62M) is about average for companies of similar size in the US market ($USD14.71M).

Compensation vs Earnings: E.'s compensation has increased by more than 20% in the past year.

CEO

E. Ekholm (63 yo)

9.5yrs
Tenure
SEK 102,654,678
Compensation

Mr. E. Borje Ekholm, MSc, MBA, serves as Independent Director of Trimble Inc. since January 04, 2020 and Independent Chairman from June 01, 2023. He has been the Chief Executive Officer and President of Te...

Leadership Team

NamePositionTenureCompensationOwnership
E. Ekholm
CEO, President9.5yrsSEK 102.65m0.056%
$ 21.1m
Per Narvinger
Executive VP & Head of Business Area Networksno dataSEK 20.62m0.0026%
$ 960.2k
Lars Sandstrom
Senior VP2.3yrsno data0.0013%
$ 474.5k
Chris Houghton
Senior VP2.7yrsno data0.0061%
$ 2.3m
Eva-Britt Allenius
Chief Accounting Officerno datano datano data
Erik Ekudden
Senior VP9yrsno data0.0086%
$ 3.3m
Daniel Morris
Head of Investor Relationsno datano datano data
Scott Dresser
Sr. VP, Chief Legal Officer4.3yrsno data0.0048%
$ 1.8m
Rebecca Rohr
Chief Compliance Officer2.3yrsno datano data
Peter Olofsson
Head of Corporate Communicationsno datano datano data
Charlotte Levert
Chief People Officer1.4yrsno data0.000090%
$ 33.9k
Roland Hagman
Head of Group Function Financial Controlno datano datano data
2.7yrs
Average Tenure
58yo
Average Age

Experienced Management: ERIC's management team is considered experienced (2.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
E. Ekholm
CEO, President20.3yrsSEK 102.65m0.056%
$ 21.1m
Helena Stjernholm
Member of Nomination Committee10.3yrsSEK 595.38kno data
Jacob Wallenberg
Deputy Chairman15.3yrsSEK 1.86m0.013%
$ 4.8m
Jon Baksaas
Independent Director9.3yrsSEK 2.10mno data
Kristin Rinne
Independent Director10.3yrsSEK 1.95mno data
Jan Carlson
Independent Chair of the Board9.3yrsSEK 6.38m0.0021%
$ 794.6k
Jonas Synnergren
Independent Director3.3yrsSEK 2.02mno data
Karl Åberg
Director2.3yrsSEK 1.59mno data
Eric Elzvik
Independent Director9.3yrsSEK 2.01m0.00030%
$ 113.0k
Loredana Roslund
Employee Representative Directorless than a yearSEK 49.50k0.000080%
$ 30.1k
Ulf Rosberg
Employee Representative Director3yrsSEK 65.70k0%
$ 0
Annika Salomonsson
Employee Representative Director3yrsSEK 62.10k0.000060%
$ 22.6k
9.3yrs
Average Tenure
62.5yo
Average Age

Experienced Board: ERIC's board of directors are considered experienced (9.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 23:32
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telefonaktiebolaget LM Ericsson (publ) is covered by 51 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Richard KramerArete Research Services LLP
John EadeArgus Research Company