On October 16, LM Ericsson Telephone rose 11.69% in Regular Trading, trading at $10.695 per share, with turnover of $405 million.
The move followed the company’s September-quarter results released on October 15, which beat market expectations on both earnings and sales, supported by solid demand for mobile network equipment and modest growth in North America.
Quarterly EPS came in at 1.77 Swedish kronor, above the 1.44 consensus estimate, while net sales reached 59.48 billion kronor versus expectations of about 55.3 billion kronor. Adjusted gross margin was 47.7%, ahead of expectations, and adjusted EBIT of 9.76 billion kronor also exceeded forecasts. The company said project execution timing helped support North American sales, and its networks business posted a 23.1% adjusted operating margin.
Management also warned that higher AI-driven component and memory costs could pressure gross margin next year, and said it is working with customers on pricing adjustments, with some clients potentially ordering ahead of price increases.
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