Ericsson tops STOXX 600 after Q3 beat 'well above normal seasonality'

Telefonaktiebolaget LM Ericsson

15/10/2026 08:19

** Shares in Ericsson ERICb.ST rise about 9% after the Swedish telecom gear maker reported Q3 results above estimates
** Its quarterly net sales SEK 59.5 billion ($5.9 billion) beat LSEG poll of SEK 55.4 billion
** Jefferies says this is "well above normal seasonality", adding the strength comes mainly from Ericsson's networks unit, whose sales grew 17% q/q
** J.P. Morgan adds strong network sales in India and Japan coupled with ongoing cost optimisation also drove the beat
** "Ericsson's better-than-expected momentum and its lack of AI exposure could make it more resilient in current market conditions," Jefferies says
** The stock heads for its biggest single-day rise in 9 months if gains persist
** Shares top STOXX 600 index .STOXX
     
     
($1 = 9.9768 Swedish crowns)

(Reporting by Vera Dvorakova)
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