Ericsson's consensus-missing Q1 dents shares

Telefonaktiebolaget LM Ericsson

17/04/2026 08:12

** Shares in Sweden's Ericsson ERICb.ST fall 4% after it posted worse-than-expected Q1 earnings

** The company says increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America weigh on results

** Its Q1 adjusted operating profit of SEK 5.2 billion ($565.8 million) falls short of the SEK 5.4 bln seen in the company-provided consensus

** Ericsson also reports Q1 sales of SEK 49.33 billion, which J.P. Morgan says is 3.5% below its own estimate and 2.9% below consensus

** "The negative is that despite the 6% organic revenue growth, earnings did not beat, likely a function of the weak North America," JPM says and adds that it expects consensus for FY26 to decline slightly

($1 = 9.1905 Swedish crowns)

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreuters.com))