Ericsson Sees Weaker Q2 Sales and Cash Flow as AT&T Rises
In Q2 2026, AT&T reported revenue growth, while Telefonaktiebolaget LM Ericsson saw weaker momentum. Ericsson’s net sales fell 6% year over year to SEK 52.7 billion (about $5.0 billion) on lower IPR licensing revenue and uneven carrier spending. Net income dropped 12% to SEK 4.1 billion, though adjusted gross margin stayed resilient. Free cash flow before M&A plunged to SEK 385 million.