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Ericsson (ERIC) investor relations material
Ericsson Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved a three-year high in adjusted EBITA margin at 13.2% on 2% organic sales growth, with strong margin improvements across all segments and operational excellence.
Net income rebounded to SEK 4.6 billion from a prior year loss, aided by IPR licensing and Americas growth.
AI initiatives advanced, including a new AI factory consortium in Sweden and expansion of the Aduna ecosystem in Japan.
Fixed wireless access market showed robust growth, with global customers surpassing 160 million.
Results delivered despite significant FX headwinds, macroeconomic, and geopolitical challenges.
Financial highlights
Net sales were SEK 56.1 billion, down 6% year-over-year due to currency impact, but organic sales grew 2%.
Adjusted gross margin improved to 48.0% from 43.9% year-over-year, with EBITA margin at 13.2%.
Adjusted EBITA increased to SEK 7.4 billion, up 83% year-over-year.
Free cash flow before M&A was SEK 2.6 billion, down from last year due to prior working capital reductions.
Net cash at period end was SEK 36.0 billion.
Outlook and guidance
Networks Q3 sales expected below three-year average seasonality due to high Q2 IPR revenue.
Cloud Software and Services Q3 sales growth to align with three-year average seasonality.
Networks gross margin guidance for Q3 is 48% to 50%.
Restructuring charges for 2025 anticipated to remain elevated.
Macro uncertainty, tariffs, and FX remain key variables for future quarters.
Next Ericsson earnings date

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