Ericsson reports Q2 EPS SEK 1.37 vs. (SEK 3.34) last year

Reports Q2 revenue $56.13B vs. SEK 59.85B last year. Borje Ekholm, president and CEO, said: “Our Q2 results demonstrate solid execution of our strategic and operational priorities. We achieved a three-year high in adjusted EBITA margin, supported by continued efficiency actions. We have structurally lowered our cost base and are strongly focused on delivering further efficiencies. It is encouraging that Americas’ growth continues, and that Europe has stabilized. Global fixed wireless access customers have now surpassed 160 million and are driving significant network traffic. Penetration of 5G standalone is still limited but is needed to fully support AI use cases at the edge, requiring ultra-low latency and enhanced uplink performance. Looking ahead, we are increasing AI investments, including in our Sweden AI factory consortium. AI is key to accelerating innovation, as well as driving internal operational efficiencies. The ecosystem for network APIs continues to grow, and Aduna expanded its Network API reach to all three major service providers in Japan.”