Ericsson Nikola Tesla (ERNT) Q2 2026 earnings summary

Executive summary

• Sales revenue rose 18.2% year-over-year to EUR 130.9 million, with growth across all business segments.

• Net profit increased 14.5% year-over-year to EUR 11 million, reflecting improved profitability and operational efficiency.

• Contracted business reached EUR 166.4 million, supporting a strong outlook for the remainder of the year.

• Strategic priorities focused on competitiveness, operational efficiency, and technological excellence continued.

Financial highlights

• Gross profit grew 40.1% year-over-year to EUR 19.5 million, with gross margin improving to 14.9%.

• Operating profit rose 17.4% to EUR 13.4 million; operating margin was 10.2%.

• Profit before tax increased 14.8% to EUR 13.5 million.

• Cash flow from operating activities was EUR 10.9 million, up from EUR 0.9 million in H1 2025.

• Cash and cash equivalents stood at EUR 53.8 million (31% of total assets) as of June 30, 2026.

Outlook and guidance

• Focus remains on delivering contracted business, developing new opportunities, and strengthening technological capabilities.

• Continued investment in competence development, innovation, and new technologies is planned.