Ericsson slightly lags profit expectations as North America sales slow down

Sweden’s Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, as a sales decline in North America caused by tariff uncertainty and prior network investments partly offset growth in other markets.

The company reported an adjusted operating profit of 5.2 billion Swedish crowns ($566 million), excluding restructuring charges, for the first quarter of 2026.

Analysts polled by Infront were expecting 5.4 billion crowns on average.