Ericsson (Telefonaktiebolaget LM Ericsson) (NASDAQ: ERIC)
Communication Equipment · Stockholm, Sweden · Founded 1876
- Market capitalization: $25.0 billion
- Annual revenue: $26.0 billion
- Net income: $0.5 billion
- Employees: 100,000
- Sector: Technology
- Headquarters: Stockholm, Sweden
- Founded: 1876
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Ericsson is a Swedish telecom equipment maker and one of only three companies (with Nokia and Huawei) that can build 5G networks end-to-end. They supply the radio access network equipment that mobile carriers use worldwide. The company has been struggling with a cyclical downturn in telecom spending.
Revenue from selling network infrastructure (radio equipment, core network software) to telecom operators, plus managed services and enterprise wireless solutions. The 5G buildout cycle drives equipment sales, while software and services provide recurring revenue.
Founded in 1876 by Lars Magnus Ericsson in Stockholm, the company has been a telecom infrastructure leader for nearly 150 years. The $6.2 billion acquisition of Vonage in 2022 was meant to expand their enterprise communications business. They paid a $206 million fine in 2019 for bribery in multiple countries.
| Market Capitalization | $25.0B |
| Annual Revenue | $26.0B |
| Net Income | $0.5B |
| Profit Margin | 2% |
| Revenue per Employee | $260000K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | ERIC |
Financial data is approximate and based on most recent annual filings.
Ericsson's equipment carries roughly 40% of the world's mobile traffic. The Vonage acquisition has been widely criticized as overpriced and strategically questionable.
Ericsson is essential infrastructure for global mobile networks, but the telecom spending cycle is brutal. The Vonage deal looks like a mistake they'll be paying for years.
What is Ericsson (Telefonaktiebolaget LM Ericsson)'s revenue?
Ericsson (Telefonaktiebolaget LM Ericsson) generates approximately $26.0 billion in annual revenue.
How many employees does Ericsson (Telefonaktiebolaget LM Ericsson) have?
Ericsson (Telefonaktiebolaget LM Ericsson) employs approximately 100,000 people worldwide.
What is Ericsson (Telefonaktiebolaget LM Ericsson)'s market cap?
Ericsson (Telefonaktiebolaget LM Ericsson) (ERIC) has a market capitalization of approximately $25.0 billion on the NASDAQ.
When was Ericsson (Telefonaktiebolaget LM Ericsson) founded?
Ericsson (Telefonaktiebolaget LM Ericsson) was founded in 1876 and is headquartered in Stockholm, Sweden.
Who is the CEO of Ericsson (Telefonaktiebolaget LM Ericsson)?
Börje Ekholm is the current CEO of Ericsson (Telefonaktiebolaget LM Ericsson).
What is Ericsson (Telefonaktiebolaget LM Ericsson)'s website?
Ericsson (Telefonaktiebolaget LM Ericsson)'s official website is ericsson.com.
| CEO | Börje Ekholm |
| Sector | Technology |
| Industry | Communication Equipment |
| Founded | 1876 |
| HQ | Stockholm |
| Country | Sweden |
| Website | ericsson.com |
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