Ericsson Q1 Net Income Plummets 79%

Ericsson reported Q1 2026 net income of 887 million crowns, a 79% drop from 4.22 billion crowns a year earlier.
Net sales fell 10% to 49.3 billion crowns, with a 7.8 billion‑crown currency impact; organic sales grew 6% in the quarter.
Restructuring charges surged to 3.8 billion crowns due to Swedish headcount cuts, while free cash flow doubled to 5.9 billion crowns.
Board approved a 15 billion‑crown share buyback starting 23 April 2026, running until 31 March 2027, and expects equipment market to stay stable in 2026.