Ericsson stock heads into October 15 results with Q2 margin resilience

Published on 10/07/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ericsson stock enters October 15 with Q2 adjusted gross margin at 48.4 percent, up from 48.0 percent a year earlier. Net sales fell 6 percent to SEK 52.691 billion.

Geometrisches Bauhaus-Poster mit Formen und dem Wort STEEL — Bauhaus-Poster präsentiert SSAB AB, ISIN SE0000108656, mit geometrischen Formen und dem Sektor-Kürzel STEEL, Illustration mit AI erstellt.

Ericsson stock (ISIN SE0000108656) stood at SEK 93.18 on Nasdaq Stockholm on October 5, 2026, while its next quarterly report is scheduled for October 15. The upcoming release will test whether the company can turn margin resilience into renewed sales growth.

October 15 is the next test

According to Ericsson on October 1, 2026, the Q3 report will be published at 7:00 a.m. CEST on October 15, followed by a 9:00 a.m. CEST webcast. That date gives investors a defined checkpoint for the network equipment market and for the cost pressures flagged in the previous quarter.

Q2 margin held above prior year

In Q2 2026, reported sales fell 6 percent year over year to SEK 52.691 billion from SEK 56.132 billion, while net income declined 12 percent to SEK 4.076 billion from SEK 4.626 billion. Ericsson reported those figures on July 14, 2026.

The counterweight was profitability. Adjusted gross margin increased to 48.4 percent from 48.0 percent, while adjusted EBITA reached SEK 6.878 billion and an adjusted EBITA margin of 13.1 percent. Free cash flow before acquisitions was SEK 0.385 billion, down 85 percent from SEK 2.581 billion a year earlier, making cash conversion an important part of the October update.

Analyst consensus stays cautious

A separate market view remains more restrained than the margin data. According to Financhill on October 1, 2026, seven Wall Street analysts carried a Sell consensus on the Ericsson ADR, with an average 12-month price target of USD 9.33.

The currency distinction matters: the consensus concerns the U.S.-traded ADR, while the reference share price here is the Swedish Class B listing in SEK. The October report therefore has to settle two questions separately, namely whether volumes improve and whether higher component costs limit the benefit of the better adjusted margin.

Stock remains below yearly high

At SEK 93.18 on October 5, Ericsson B was 27.5 percent below its 52-week high of SEK 128.45 and above its 52-week low of SEK 77.68. The company had a market capitalization of SEK 306.0 billion on the same date, giving the scheduled report a substantial valuation backdrop.

Ericsson stock was last priced at SEK 93.18 on Nasdaq Stockholm on October 5, 2026. The Q3 figures on October 15 will show whether the 48.4 percent adjusted gross margin can coexist with a recovery in reported sales.