===== SIDA 1 ===== 1 Ericsson | First quarter report 2026. April 17, 2026. First quarter report 2026 Strategic highlights – Robust execution reflecting a more balanced global footprint • Strong organic sales growth of 6%*, led by Networks, as customer demand broadened across regions. • AI‑native radios announced at Mobile World Congress, extending technology leadership. • Share buyback program up to SEK 15 b. approved and expected to commence on April 23, 2026. Financial highlights – Solid financial performance with broad-based contribution • Reported sales were SEK 49.3 (55.0) b. Organic* sales increased by 6%* YoY, with organic growth in all segments. • Adjusted1 gross income decreased to SEK 23.7 (26.7) b., reflecting currency headwinds. Reported gross income was SEK 23.3 (26.5) b. • Adjusted1 gross margin was 48.1% (48.5%). Cloud Software and Services gross margin increased, while Networks margin decreased slightly. Reported gross margin was 47.2% (48.2%). • Adjusted1 EBITA was SEK 5.6 (6.9) b., with a 11.3% (12.6%) margin, mainly reflecting currency headwinds. EBITA was SEK 1.8 (6.7) b., impacted by -3.8 (-0.3) b. of restructuring charges. • Net income was SEK 0.9 (4.2) b. reflecting restructuring charges and currency impacts. Diluted EPS was SEK 0.27 (1.24). • Free cash flow before M&A was SEK 5.9 (2.7) b., driven by increased operating cash flow. Börje Ekholm, President and CEO, said: “Our Q1 results demonstrate continued resilience in a dynamic environment, with organic sales growth of 6%. Our healthy gross margins and strong cash flow reflect the progress we have made in recent years, reducing reliance on geographic mix and strengthening our foundations globally . Our multi-year investments in building a resilient, diversified, supply chain have enabled us to deliver consistently for customers amidst geopolitical and macroeconomic uncertainties. We are facing increasing input costs, especially in semiconductors, caused in part by AI demand. Our ambition is to offset these challenges, by working closely with customers and suppliers, and through product substitution and efficiency actions. Looking ahead, while we continue to expect a flattish RAN market, our focused strategy, leading portfolio, and strengthened positions in mission critical and Enterprise give us confidence in our ability to grow faster than the mobile networks market and drive long-term success.” * Sales adjusted for the impact of acquisitions and divestments and effects of foreign currency fluctuations. 1 Adjusted metrics are adjusted to exclude restructuring charges. 2 Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statement. SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 QoQ change Net sales 49.3 55.0 -10% 69.3 -29%  Organic sales growth * ² - - 6% - - Gross income 23.3 26.5 -12% 32.7 -29% Gross margin ² 47.2% 48.2% - 47.2% - EBIT 1.4 5.9 -76% 11.2 -87% EBIT margin ² 2.9% 10.8% - 16.1% - EBITA ² 1.8 6.7 -73% 11.6 -85% EBITA margin ² 3. 6% 12.1% - 16.7% - Net income 0.9 4.2 -79% 8.6 -90% EPS diluted, SEK 0.27 1.24 -78% 2.57 -89% Free cash flow before M&A ² 5.9 2.7 119% 14.9 -60% Net cash, end of period ² 68.1 38.6 76% 61.2 11% Adjusted financial measures ¹ ² Adjusted gross income 23.7 26.7 -11% 33.2 -29% Adjusted gross margin 48.1% 48.5% - 48.0% - Adjusted EBIT 5.2 6.2 -16% 12.3 -57% Adjusted EBIT margin 10.6% 11.3% - 17.7% - Adjusted EBITA 5.6 6.9 -20% 12.7 -56% Adjusted EBITA margin 11.3% 12.6% - 18.3% - ===== SIDA 2 ===== 2 Ericsson | First quarter report 2026. April 17, 2026. Group results Amounts marked with an ‘*’ in this document represent sales growth adjusted for the impact of acquisitions and divestments and effects of foreign currency fluctuations, also named organic sales growth. These numbers present performance on a comparable basis to improve the comparability of results between periods. Organic sales growth figures are non-IFRS measures. ‘Adjusted’ metrics are adjusted to exclude restructuring charges and are non-IFRS measures. This is a change in nomenclature only. See ‘Financial statements and other information’ for Alternative performance measures. Group results 1 Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements. Net sales Reported sales decreased by -10% YoY to SEK 49.3 (55.0) b., including a SEK -7.8 b. currency impact. Networks sales declined by -8% to SEK 32.9 b. Cloud Software and Services sales decreased by -9% to SEK 11.8 b. Enterprise sales declined by -30% to SEK 4.2 b., mainly driven by a SEK -1.1 b. impact from the divestment of iconectiv in 2025. Sales in segment Other were stable at SEK 0.4 b. Organic sales grew by 6%* YoY. Networks sales increased by 7%*, supported by growth in three of the four market areas. Cloud Software and Services sales grew by 4%*, with growth in three market areas. Sales in segment Enterprise grew by 4%*, driven by Global Communications Platform. IPR licensing revenues were SEK 3.1 (3.2) b. as organic revenue growth was offset by negative currency impacts. 82% of IPR licensing revenues are reported in segment Networks, with the remainder in Cloud Software and Services. Gross income and margin Gross margin decreased to 47.2% (48.2%). Networks gross margin decreased, mainly reflecting actions to enhance supply chain resilience. Gross margin in Cloud Software and Services increased, benefiting from product mix and improved delivery efficiency. Gross margin declined in Enterprise primarily due to the impact of the divestment of iconectiv and a change in business mix in Global Communications Platform. Gross income decreased to SEK 23.3 (26.5) b., impacted by lower net sales and lower gross margin, and including a negative currency impact of SEK -3.8 b. Gross income was also impacted by restructuring charges of SEK -0.4 (-0.2) b. Adjusted gross income decreased to SEK 23.7 (26.7) b., with a margin of 48.1% (48.5%). Research and development (R&D) expenses R&D expenses increased to SEK -13.5 (-12.0) b., including restructuring charges of SEK -2.6 (-0.0) b. and a positive currency impact of SEK 0.7 b. Excluding restructuring and currency impacts, R&D expenses decreased by SEK -0.4 b., as investments in technology leadership were more than offset by savings from cost-reduction actions, primarily in Cloud Software and Services. Selling and administrative (SG&A) expenses SG&A expenses were SEK -8.1 (-8.6) b., including restructuring charges of SEK -0.7 (-0.1) b. and a currency benefit of SEK 0.9 b. Excluding restructuring and currency impacts, SG&A expenses declined by SEK -0.2 b., primarily reflecting the divestment of iconectiv. SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 QoQ change Net sales 49.3 55.0 -10% 69.3 -29%  Organic sales growth * ¹ - - 6% - - Gross income 23.3 26.5 -12% 32.7 -29% Gross margin 47.2% 48.2% - 47.2% - Research and development (R&D) expenses -13.5 -12.0 - -13.1 - Selling and administrative expenses -8.1 -8.6 - -9.0 - Impairment losses on trade receivables -0.2 0.0 - 0.1 - Other operating income and expenses 0.0 0.0 - 0.4 -94% Share of earnings of associated companies -0.1 0.0 - 0.0 - EBIT 1.4 5.9 -76% 11.2 -87% EBIT margin ¹ 2.9% 10.8% - 16.1% - EBITA ¹ 1.8 6.7 -73% 11.6 -85% EBITA margin ¹ 3.6% 12.1% - 16.7% - Financial income and expenses, net -0.2 -0.1 - -0.1 - Income tax -0.4 -1.6 - -2.5 - Net income 0.9 4.2 -79% 8.6 -90% Restructuring charges -3.8 -0.3 - -1.1 - Adjusted financial measures ¹ Adjusted gross income 23.7 26.7 -11% 33.2 -29% Adjusted gross margin 48.1% 48.5% - 48.0% - Adjusted EBIT 5.2 6.2 -16% 12.3 -57% Adjusted EBIT margin 10.6% 11.3% - 17.7% - Adjusted EBITA 5.6 6.9 - 20% 12.7 -56% Adjusted EBITA margin 11.3% 12.6% - 18.3% - ===== SIDA 3 ===== 3 Ericsson | First quarter report 2026. April 17, 2026. Group results Restructuring charges Restructuring charges were SEK -3.8 (-0.3) b., driven by announced headcount reduction plans in Sweden. Gross income included SEK -0.4 (-0.2) b. of restructuring charges, while restructuring charges in operating expenses were SEK -3.3 (-0.1) b. EBITA EBITA decreased to SEK 1.8 (6.7) b., mainly due to increased restructuring charges of SEK -3.8 (-0.3) b., lower gross income, and a SEK -0.5 b. impact from the revaluation of cash settled long-term variable compensation programs due to the increase in the share price. This was partly offset by lower operating expenses from cost- reduction actions. EBITA included a negative YoY currency impact of SEK -2.2 b. The EBITA margin was 3.6% (12.1%). Adjusted EBITA decreased to SEK 5.6 (6.9) b. The adjusted EBITA margin was 11.3% (12.6%). EBIT EBIT decreased to SEK 1.4 (5.9) b. with a margin of 2.9% (10.8%). Amortization impacted EBIT by SEK -0.3 (-0.7) b. Adjusted EBIT decreased to SEK 5.2 (6.2) b. with a margin of 10.6% (11.3%). Financial income and expenses, net Financial income and expenses were SEK -0.2 (-0.1) b. Financial net decreased as lower interest expense was offset by a SEK -0.1 (0.2) b. negative currency hedge effect. Income tax Taxes were SEK -0.4 (-1.6) b. A tax rate of 29% (25%) is expected for the full year, mainly reflecting restructuring initiatives in various markets. Net income Net income decreased to SEK 0.9 (4.2) b. Diluted EPS was SEK 0.27 (1.24). Employees The number of employees on March 31, 2026, was 87,521 compared with 88,826 on December 31, 2025. ===== SIDA 4 ===== 4 Ericsson | First quarter report 2026 . April 17, 2026. Market area sales Market area sales Market Area Americas Sales decreased by -2%* YoY, with strong growth in Latin America partly offset by lower sales in North America. Networks sales declined in North America, primarily reflecting accelerated network investments in the prior-year period, in part due to tariff uncertainty, as well as a short-term reallocation of customer spend following mobile network operator consolidation announced last year. Cloud Software and Services sales increased, driven by timing of project deliverables in core networks as well as North America managed services growth. Reported sales decreased by -18% YoY. In the quarter, a successful live proof of concept was conducted at Ericsson’s US headquarters in Plano, Texas, demonstrating sensing technology for unmanned aerial vehicle (UAV) detection and airspace monitoring using massive-MIMO radios. Market Area Europe, Middle East and Africa Sales grew by 10%* YoY. Networks sales in Europe increased, supported by the timing of project deliverables, partly offset by the completion of modernization projects. Networks sales in Middle East and Africa also increased, driven by 5G network investments. Cloud Software and Services sales declined due to timing of project deliverables as well as exits and descoping of managed services contracts. Reported sales decreased by -1% YoY. In the quarter, a five-year partnership extension was agreed with Virgin Media O2 in the UK to become its primary Radio Access Network (RAN) partner, powering the majority of its nationwide mobile network and providing advanced 5G capabilities. Market Area South East Asia, Oceania and India Sales increased by 12%* YoY. Networks sales increased, primarily driven by higher deliveries in India. Cloud Software and Services sales increased, reflecting timing of project deliverables. Reported sales declined by -4% YoY. Market Area North East Asia Sales increased by 15%* YoY. Networks and Cloud Software and Services sales increased, reflecting the timing of project deliverables predominantly in Japan. Reported sales declined by -3% YoY. In the quarter, a multi-year agreement was signed with Softbank to deploy next generation core network solutions. A multi-year agreement was signed with Far EasTone to modernize its RAN and core, with AI native, 5G advanced, and 6G ready networks. Market Area Other Market area Other primarily includes IPR licensing revenues and almost all sales in segment Enterprise. Sales increased by 12%* YoY with growth in Enterprise and a favorable currency hedge effect. Reported sales decreased by -15% YoY, mainly reflecting the divestment of iconectiv in Q3 2025. SEK b. Q1 2026 Q1 2025 YoY change YoY organic growth Q4 2025 QoQ change Americas 17.1 20.9 -18% -2% 22.9 -26% Europe, Middle East and Africa 14.3 14.5 -1% 10% 23.4 -39% South East Asia, Oceania and India 6.9 7.2 -4% 12% 9.0 -23% North East Asia 3.1 3.2 -3% 15% 5.2 -40% Other 7.9 9.3 -15% 12% 8.8 -11%  Of which IPR 3.1 3.2 -1% - 3.3 -6% Total 49.3 55.0 -10% 6% 69.3 -29% ===== SIDA 5 ===== 5 Ericsson | First quarter report 2026. April 17, 2026. Segment results Segment results Mobile Networks – Segment Networks Breakdown of sales into products, services and IPR licensing is available in note 3. Net sales Sales increased by 7%* YoY, with growth in three of the four market areas. Reported sales decreased by -8% YoY to SEK 32.9 (35.6) b. including a currency impact of SEK -5.2 b. Sales grew across the market area Europe, Middle East and Africa driven by network modernizations as well as 5G launches and rollouts. Sales in market area South East Asia, Oceania and India increased primarily due to higher deliveries in India. Sales in market area North East Asia also increased, reflecting the timing of project deliverables predominantly in Japan. Sales in market area Americas declined reflecting accelerated network investments in the prior- year period in North America, as well as a short-term reallocation of customer spend following mobile network operator consolidation in 2025. The decline was partly offset by higher sales in Latin America. Gross income and margin Adjusted gross margin decreased slightly to 50.4% (51.0%), mainly reflecting actions to enhance supply chain resilience. Adjusted gross income decreased to SEK 16.6 (18.2) b., impacted by lower gross margin, lower sales and a currency impact of SEK -2.7 b. EBITA Adjusted EBITA was SEK 6.4 (7.5) b. Lower gross income was partly offset by lower operating expenses. Operating expenses benefitted from continued efficiency improvements and positive currency impacts. R&D investments remained stable, supporting the strategy of building the best high-performing, AI-native, programmable networks, and maintaining technology leadership. Adjusted EBITA included a SEK -2.0 b. currency impact. The adjusted EBITA margin was 19.3% (21.0%). Net sales rolling four quarters were SEK 148.3 b. and the adjusted EBITA margin rolling four quarters was 20.3%. Mobile Networks – Segment Cloud Software and Services Breakdown of sales into products, services and IPR licensing is available in note 3. Net sales Sales increased by 4%* YoY, with growth in three of the four market areas and growth in core networks. Reported sales declined by -9% to SEK 11.8 (13.0) b., including a currency impact of SEK -1.6 b. Services sales accounted for 64% (64%) of sales. Sales grew in Americas, driven primarily by core networks. Sales in market areas South East Asia, Oceania and India and in North East Asia increased, driven by timing of project deliverables. In market area Europe, Middle East and Africa, sales declined across the region, mainly due to lower services sales. Gross income and margin Adjusted gross margin increased to 43.2% (39.9%), supported by strong strategy execution with improved delivery efficiency and a favorable shift in product mix. Adjusted gross income decreased slightly to SEK 5.1 (5.2) b., impacted by a negative currency impact of SEK -0.6 b. EBITA Adjusted EBITA increased to SEK 0.6 (0.2) b. Lower gross income was offset by lower operating expenses. Operating expenses benefitted from continued efficiency improvements and positive currency impacts. Adjusted EBITA included a SEK -0.3 b. currency impact. The adjusted EBITA margin was 5.3% (1.2%). Net sales rolling four quarters were SEK 61.6 b. and the adjusted EBITA margin rolling four quarters was 12.4%. SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 Net sales 32.9 35.6 -8% 44.2   Of which IPR licensing revenues 2.6 2.6 -1% 2.7  Organic sales growth - - 7% - Gross income 16.4 18.1 -10% 21.6 Gross margin 49.7% 50.8% - 49.0% EBIT 3.3 7.0 -53% 9.3 EBIT margin 10.0% 19.8% - 21.1% EBITA 3.3 7.4 -55% 9.3 EBITA margin 10.1% 20.7% - 21.1% Restructuring charges -3.1 -0.1 - -0.7 Adjusted financial measures Adjusted gross income 16.6 18.2 -9% 21.9 Adjusted gross margin 50.4% 51.0% - 49.6% Adjusted EBIT 6.3 7.1 -11% 10.0 Adjusted EBIT margin 19.2% 20.1% - 22.7% Adjusted EBITA 6.4 7.5 -15% 10.1 Adjusted EBITA margin 19.3% 21.0% - 22.8% SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 Net sales 11.8 13.0 -9% 20.0   Of which IPR licensing revenues 0.6 0.6 -1% 0.6  Organic sales growth - - 4% - Gross income 4.9 5.1 -3% 8.6 Gross margin 41.5% 39.1% - 43.1% EBIT 0.0 0.1 -96% 3.4 EBIT margin 0.0% 0.5% - 16.8% EBITA 0.0 0.1 -88% 3.4 EBITA margin 0.1% 0.6% - 16.8% Restructuring charges -0.6 -0.1 - -0.3 Adjusted financial measures Adjusted gross income 5.1 5.2 -1% 8.9 Adjusted gross margin 43.2% 39.9% - 44.3% Adjusted EBIT 0.6 0.1 - 3.7 Adjusted EBIT margin 5.3% 1.1% - 18.5% Adjusted EBITA 0.6 0.2 - 3.7 Adjusted EBITA margin 5.3% 1.2% - 18.6% ===== SIDA 6 ===== 6 Ericsson | First quarter report 2026. April 17, 2026. Segment results Enterprise – Segment Enterprise Net sales Sales increased by 4%* YoY, primarily driven by Global Communications Platform, with slight growth in Enterprise Wireless Solutions. Reported sales decreased by -30% YoY to SEK 4.2 (5.9) b., reflecting the divestment of iconectiv in Q3 2025 and a SEK -0.8 b. currency impact. Sales growth in Global Communications Platform was driven by higher sales in CPaaS and in network API powered solutions. Sales in Enterprise Wireless Solutions benefited from growth in WWAN solutions. Gross income and margin Adjusted gross margin decreased to 49.0% (56.2%), reflecting the impact of the divestment of iconectiv in Q3 2025 and a change in business mix in Global Communications Platform. Adjusted gross income was SEK 2.0 (3.3) b., reflecting the divestment of iconectiv in Q3 2025 and a negative currency impact of SEK -0.4 b. EBITA (loss) Adjusted EBITA (loss) was SEK -1.4 (-0.5) b., reflecting the divestment of iconectiv in Q3 2025 and SEK -0.3 b. of non-recurring costs in the current quarter, including the impact of a revaluation of cash settled long-term variable compensation programs due to the increase in the share price. The currency impact was SEK -0.1 b. Adjusted EBITA margin was -34.6% (-8.9%). Net sales rolling four quarters were SEK 19.4 b. and the adjusted EBITA margin rolling four quarters was 20.4%, including a 39.1 percentage point benefit from the iconectiv gain in Q3 2025. Segment Other Net sales Reported sales were SEK 0.4 (0.5) b. Gross income and margin Adjusted gross income was SEK 0.0 (0.0) b. Adjusted gross margin was -1.5% (4.2%). EBITA (loss) Adjusted EBITA (loss) was SEK 0.0 (-0.2) b. Net sales rolling four quarters were SEK 1.8 b. SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 Net sales 4.2 5.9 -30% 4.6  Organic sales growth - - 4% - Gross income 2.0 3.3 -39% 2.4 Gross margin 48.9% 56.3% - 52.1% EBIT (loss) -1.8 -1.0 - -1.5 EBIT margin -44.2% -17.1% - -33.3% EBITA (loss) -1.5 -0.6 - -1.1 EBITA margin -36.9% -10.5% - -24.5% Restructuring charges -0.1 -0.1 - 0.0 Adjusted financial measures Adjusted gross income 2.0 3.3 -39% 2.4 Adjusted gross margin 49.0% 56.2% - 52.1% Adjusted EBIT (loss) -1.7 -0.9 - -1.5 Adjusted EBIT margin -41.9% -15.5% - -33.2% Adjusted EBITA (loss) -1.4 -0.5 - -1.1 Adjusted EBITA margin -34.6% -8.9% - -24.4% SEK b. Q1 2026 Q1 2025 YoY change Q4 2025 Net sales 0.4 0.5 -17% 0.5  Organic sales growth - - -2% - Gross income 0.0 0.0 -133% 0.0 Gross margin -1.5% 3.8% - 7.4% EBIT (loss) 0.0 -0.2 - 0.0 EBIT margin 0.3% -35.0% - 1.1% EBITA (loss) 0.0 -0.2 - 0.0 EBITA margin 0.3% -35.0% - 1.1% Restructuring charges - 0.0 - 0.0 Adjusted financial measures Adjusted gross income 0.0 0.0 -130% 0.1 Adjusted gross margin -1.5% 4.2% - 13.0% Adjusted EBIT (loss) 0.0 -0.2 - 0.0 Adjusted EBIT margin 0.3% -34.6% - 8.0% Adjusted EBITA (loss) 0.0 -0.2 - 0.0 Adjusted EBITA margin 0.3% -34.6% - 8.0% ===== SIDA 7 ===== 7 Ericsson | First quarter report 2026. April 17, 2026. Cash flow and financial position Cash flow and financial position Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements. Cash flow Cash flow from operating activities was SEK 7.4 (4.4) b. Operating cash flow in the quarter was driven by earnings and a reduction in operating net assets. Operating net assets decreased driven by annual IPR payments received in the quarter. Cash flow from operating activities increased compared to the prior year period, reflecting solid underlying earnings and positive cash flow from currency hedges. Cash flow from investing activities was SEK 1.9 (1.3) b. Investing cash flow in the quarter was driven by the sale of interest-bearing securities. Cash flow from financing activities was SEK -2.3 (-0.7) b. Financing cash flow in the quarter was driven by collateral on derivatives. Financial position Gross cash increased sequentially by SEK 5.6 b. to SEK 99.5 b., driven by positive free cash flow before M&A and a positive exchange rate effect on cash and cash equivalents. Net cash increased SEK 6.9 b. sequentially to SEK 68.1 b. The average maturity of parent company borrowings was 2.7 years as of March 31, 2026, compared with 3.5 years as of March 31, 2025. Liabilities for post-employment benefits decreased to SEK 18.2 b. from SEK 18.6 b. The Swedish defined benefit obligation (DBO) was calculated using a discount rate based on the yields of Swedish government bonds. If the discount rate had been based on Swedish covered mortgage bonds, the liability for post-employment benefits would have been approximately SEK 9.9 b., which is SEK 8.3 b. lower than current DBO. Free cash flow bridge, SEK b. Q1 2026 Q1 2025 Q4 2025 Adjusted EBITA 5.6 6.9 12.7 Depreciation and amortization of non-acquired assets 1.6 2.0 1.7 Restructuring charges -3.8 -0.3 -1.1 Changes in operating net assets 5.6 -2.8 6.4 Interest paid/received, taxes paid, and other -1.6 -1.5 -3.2 Cash flow from operating activities 7.4 4.4 16.5 Net capex and other investing activities -1.0 -1.1 -1.2 Repayment of lease liabilities -0.5 -0.6 -0.5 Free cash flow before M&A 5.9 2.7 14.9 Cash flow from operating activities 7.4 4.4 16.5 Cash flow from investing activities 1.9 1.3 -5.0 Cash flow from financing activities -2.3 -0.7 -8.8 SEK b. Mar 31 2026 Mar 31 2025 Dec 31 2025 Gross cash 99.5 74.2 93.9 - Borrowings, current 9.9 5.6 3.5 - Borrowings, non-current 21.5 29.9 29.2 Net cash 68.1 38.6 61.2 Equity 103.1 84.9 110.3 Equity ratio (%) 35.5% 30.5% 39.5% Capital turnover (times) 1.4 1.6 1.5 Return on capital employed (%) 21.4% 3.8% 24.1% ===== SIDA 8 ===== 8 Ericsson | First quarter report 2026. April 17, 2026. Key data points Key data points Market Dell’Oro estimates that the global RAN equipment market will be broadly stable in 2026. Source: Dell’Oro Mobile RAN Quarterly Report Q425, Feb 2026. Ericsson Net sales Reported average seasonality last 3 years (2023–2025), %. Net sales may show large variations between quarters, including currency changes. IPR licensing revenues IPR licensing revenue growth opportunities remain in new market segments and from increased penetration of the smartphone market. At the end of Q1 2026, recurring annual IPR licensing revenues were approximately SEK 13 b. Currency exposure Currency exposure can vary significantly from quarter to quarter. In 2025, approximately half of net sales were USD denominated, over 15% of net sales were EUR denominated, and five other currencies (INR, JPY, GBP, CNY, AUD) contributed approximately 15% of net sales. Further currency information is available at: https://www.ericsson.com/en/investors/financial-reports-and- presentations/foreign-exchange-rates Amortization of intangible assets Amortization of intangible assets is expected to be around SEK -0.3 b. per quarter in segment Enterprise. Restructuring charges Restructuring charges for 2026 are expected to be at elevated levels. Segments Increased uncertainty remains in the outlook and in the broader macroeconomic and geopolitical environment. The Q2 outlook assumes currency rates of USD:SEK 9.2, EUR:SEK 10.8. Networks Sales growth in Q2 2026 is expected to be broadly similar to 3-year average seasonality. Adjusted gross margin in Q2 2026 is expected to be in the range of 49% to 51%. Cloud Software and Services Sales growth in Q2 2026 is expected to be above 3-year average seasonality. Q4Q1 Q1Q2 Q2Q3 Q3Q4 Networks -25% +4% +1% +17% Cloud Software and Services -33% +13% +3% +29% ===== SIDA 9 ===== 9 Ericsson | First quarter report 2026. April 17, 2026. Parent Company Parent Company Income after financial items January - -- March 2026, was SEK 0.8 (0.3) b. At the end of the quarter, gross cash (cash, cash equivalents plus interest-bearing securities, current and non-current) amounted to SEK 86.3 (61.2) b. There was an increase in intercompany lending of SEK 1.1 b. and a decrease in intercompany borrowing of SEK 1.1 b. in the quarter. At the end of the quarter, non-restricted equity amounted to SEK 33.8 (13.0) billion, and total equity amounted to SEK 82.1 (61.3) b. The proposed dividend for 2025 of SEK 3.00 per share was approved by the Annual General Meeting on March 31, 2026 (‘‘the AGM’’). The first of two equal dividend payments of SEK 1.50 per share was made on April 9, 2026, and the second will be made with a record date of September 29, 2026, with an expected payment date of October 2, 2026. The AGM resolved to authorize the Board of Directors to decide on the purchase of the Company’s ordinary Class B shares. The number of shares purchased must at no time result in the Company’s holding exceeding 10 percent of all the shares in the Company. On April 16, 2026, it was announced that the Board of Directors had resolved to utilize the authorization granted by the AGM to initiate a share buyback program relating to Ericsson’s ordinary Class B shares on Nasdaq Stockholm up to a maximum consideration of SEK 15 billion. The acquisitions are expected to commence on April 23, 2026, at the earliest, and to end no later than March 31, 2027. The holding of treasury stock on March 31, 2026, was 38,002,276 Class B shares. ===== SIDA 10 ===== 10 Ericsson | First quarter report 2026. April 17, 2026. Other information Other information Legal proceedings involving governmental authorities In February 2022, Ericsson publicly disclosed that an internal investigation in 2019 included a review of the conduct of Ericsson employees, vendors and suppliers in Iraq during the period between 2011 to 2019. The investigators could not determine the ultimate recipients of any payments, nor identify that any Ericsson employee was directly involved in financing terrorist organizations. The Company’s 2019 internal Iraq investigation did not conclude that Ericsson made or was responsible for any payments to any terrorist organization. The Company continues to fully cooperate with the US Department of Justice (DOJ) in its investigation into matters discussed in the 2019 internal Iraq investigation report and related topics concerning jurisdictions including Iraq. As additional information continues to be identified and evaluated in continued cooperation with the DOJ during its ongoing investigation, it is expected that there will not be any conclusive determinations on the outcome until the investigation is completed. The scope and duration of the investigation remain uncertain. In April 2019, Ericsson was informed by China’s State Administration for Market Regulation Anti-monopoly Bureau (SAMR) that SAMR has initiated an investigation into Ericsson’s patent licensing practices in China. Ericsson is cooperating with the investigation, which is still in a fact-finding phase. The next steps include continued fact-finding and meetings with SAMR in order to facilitate the authority’s assessment and conclusions. In case of adverse findings, SAMR has the power to impose behavioral and financial remedies. Legal proceedings not involving governmental authorities In August 2022, a civil lawsuit was filed in the United States District Court for the District of Columbia against Telefonaktiebolaget LM Ericsson and Ericsson Inc. (collectively, the “Ericsson defendants”). The lawsuit was brought by US military service members, employees of US government contractors and other civilians who were killed or injured in terrorist attacks in Iraq, Afghanistan and Syria from 2005 to 2021, as well as by their family members. The lawsuit asserts claims against the Ericsson defendants under the U.S. Anti-Terrorism Act alleging that the Ericsson defendants made payments that ultimately aided the terrorist organizations that committed, planned or authorized the attacks. In November 2022, the Ericsson defendants filed a motion to dismiss the complaint. On December 20, 2022, plaintiffs filed an amended complaint, which added additional plaintiffs, including a plaintiff injured in Turkey, and also named Ericsson AB (collectively with the Ericsson defendants, the “Ericsson corporate defendants”), President and CEO Börje Ekholm and a former employee (who has not been served with process) as additional defendants and also asserted additional allegations and claims. In March 2023, the Ericsson corporate defendants and Mr. Ekholm filed motions to dismiss the amended complaint. Plaintiffs filed their oppositions to defendants’ motions to dismiss the amended complaint in June 2023, and defendants filed reply briefs in support of their motions to dismiss in July 2023. All briefing has been submitted, and resolution of the matter is pending with the District Court. All defendants will continue to vigorously defend this matter. In February 2024, a second civil lawsuit also alleging violations of the U.S. Anti-Terrorism Act was filed in the United States District Court for the District of Columbia. The lawsuit was filed by the same law firm and involves substantially similar factual allegations and claims as those made in the Anti-Terrorism Act lawsuit originally filed in August 2022, and similarly names the same Ericsson corporate defendants, President and CEO Börje Ekholm and a former employee as defendants. The new lawsuit was brought by additional US military service members, employees of US government contractors and other civilians who were killed or injured in terrorist attacks in Iraq, Afghanistan, Syria, Turkey, Niger, and France from 2005 to 2021, as well as by their family members. The District Court for the District of Columbia has stayed the proceedings in this matter pending its decision on the motions to dismiss in the earlier-filed suit. The defendants will vigorously defend this matter. In November 2025, a third civil lawsuit also alleging violations of the US Anti-Terrorism Act was filed in the US District Court for the District of Columbia. The lawsuit was filed by a law firm not involved in the August 2022 and February 2024 lawsuits and involves substantially similar factual allegations and claims to those made in the Anti-Terrorism Act lawsuits filed in August 2022 and February 2024, and similarly names the same Ericsson corporate defendants, CEO Börje Ekholm and a former employee as defendants. The new lawsuit was brought by additional US military service members, employees of US government contractors and other civilians who were killed or injured in terrorist attacks in France, Afghanistan, and Belgium from 2012 to 2018, as well as by their family members. The District Court for the District of Columbia has stayed the proceedings in this matter pending its decision on the motions to dismiss in the earlier-filed suit. The defendants will vigorously defend this matter. In March 2026, a fourth civil lawsuit also alleging violations of the US Anti-Terrorism Act was filed in the US District Court for the District of Columbia. The lawsuit involves substantially similar factual allegations and claims to those made in the Anti-Terrorism Act lawsuits filed in August 2022, February 2024, and November 2025, and similarly names the same Ericsson corporate defendants, CEO Börje Ekholm and a former employee as defendants. The new lawsuit was brought by additional US military service members and civilians who were killed or injured in terrorist attacks in Afghanistan, Iraq, Niger, Tajikistan and Turkey from 2005 to 2018, as well as by their family members. The District Court for the District of Columbia has stayed the proceedings in this matter pending its decision on the motions to dismiss in the earlier-filed suit. The defendants will vigorously defend this matter. Beginning on August 4, 2023, a number of civil lawsuits have been filed against Telefonaktiebolaget LM Ericsson in Solna District Court, Sweden. 93 claimants have filed suit, which are coordinated and financed by a UK-based litigation funder. The claimants consist of a group of non-Swedish funds and financial institutions that allegedly are or have been shareholders of the Company. Their damages claims are primarily based on alleged inadequate disclosure of the contents of the Company’s 2019 internal Iraq investigation report. Ericsson filed its statement of defense on March 15, 2024. On February 14, 2025, the District Court ordered Ericsson to produce the 2019 internal Iraq investigation report to the claimants’ external counsel. Ericsson appealed the decision and on August 15, 2025, the Court of Appeal overturned the District Court’s decision. The claimants appealed, but on March 12, 2026, ===== SIDA 11 ===== 11 Ericsson | First quarter report 2026. April 17, 2026. Other information the Supreme Court refused leave to appeal. Proceedings on the merits of the case will now continue in the District Court. Ericsson will continue to vigorously defend this matter. The Company actively manages its IPR portfolio and its need for third-party licenses and is involved from time to time, in the ordinary course of business, in litigation related thereto, as plaintiff, defendant and other capacities. In addition to the proceedings discussed above, the Company is, and in the future may be, involved in various other regulatory investigations, enforcement actions, lawsuits, claims (including claims by third-parties the Company has indemnified against infringement liability or provided guarantees to) and proceedings incidental to the ordinary course of business and transactions. PRESS RELEASES March 31, 2026 Ericsson’s Annual General Meeting 2026 - Ericsson April 16, 2026 Ericsson Initiates Share Buyback Program ===== SIDA 12 ===== 12 Ericsson | First quarter report 2026. April 17, 2026. Risk factors Risk factors Ericsson is exposed to a number of risks in its activities. To stimulate identification and support cross-functional treatment within the Ericsson Group, risks are grouped in a number of categories, including, for example, risks relating to technology, IPR, compliance, project execution, operations, supply chain and sourcing concentration, products and services, customer concentration, treasury and accounting, the geopolitical environment, M&A, cybersecurity and occupational health and safety. Ericsson’s risk management is embedded into strategy development and operational processes, and material Group risks are regularly assessed and reviewed by executives as required by Ericsson’s Material Group Risk Protocol to ensure accountability, effectiveness, efficiency, business continuity and compliance. Risks are defined in both a short-term and long-term perspective and are related to long-term objectives and strategic direction as well as to short-term objectives. Risk factors and uncertainties of relevance to Ericsson are described in the Ericsson Annual Report 2025 and in the Annual Report on Form 20-F for the year ended December 31, 2025 (in the following, the “Annual Report 2025”). See also the risks set out in the section titled “Forward-looking statements.” Stockholm, April 17, 2026 Telefonaktiebolaget LM Ericsson Börje Ekholm, President and CEO Org. No. 556016-0680 Date for next report: July 14, 2026 ===== SIDA 13 ===== 13 Ericsson | First quarter report 2026. April 17, 2026. Editor’s Note Editor’s note Media and analyst briefing Ericsson invites media, investors and analysts to a conference call and live video webcast at 09:00 AM CEST on April 17, 2026. Link to the webcast, dial-in to audio conference, supporting material and replay will be available at: www.ericsson.com/investors and www.ericsson.com/newsroom For further information, please contact: Lars Sandström, Senior Vice President, Chief Financial Officer Phone: +46 72 161 20 04 E-mail: investor.relations@ericsson.com Peter Borsos, Vice President, Head of Group Communications Phone: +46 70 317 68 00 E-mail: media.relations@ericsson.com Telefonaktiebolaget LM Ericsson Org. number: 556016-0680 Torshamnsgatan 21 SE-164 83 Stockholm Phone: +46 10 719 00 00 www.ericsson.com Investors Daniel Morris, Vice President, Head of Investor Relations Phone: +44 7386 657217 E-mail: investor.relations@ericsson.com Lena Häggblom, Director, Investor Relations Phone: +46 72 593 27 78 E-mail: investor.relations@ericsson.com Alan Ganson, Director, Investor Relations Phone: +46 70 267 27 30 E-mail: investor.relations@ericsson.com Media Ralf Bagner, Head of Media Relations Phone: +46 76 128 47 89 E-mail: media.relations@ericsson.com Corporate Communications Phone: +46 10 719 69 92 E-mail: media.relations@ericsson.com ===== SIDA 14 ===== 14 Ericsson | First quarter report 2026. April 17, 2026. Forward-looking statements Forward-looking statements This report includes forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “believe,” “expect,” “foresee,” “anticipate,” “assume,” “intend,” “likely,” “projects,” “may,” “could,” “plan,” “estimate,” “forecast,” “will,” “should,” “would,” “predict,” “aim,” “ambition,” “seek,” “potential,” “target,” “might,” “continue,” or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking statements, including, in particular the following: − Potential material additional liability resulting from past conduct, including allegations of past conduct that remains unresolved or unknown in multiple jurisdictions, including Iraq, which remains the subject of ongoing investigations by Ericsson and US governmental authorities − Risks related to internal controls and governance, including the potential to incur material liability in connection with internal controls surrounding payments made to third parties in connection with past conduct in multiple jurisdictions, including Iraq, which remains the subject of ongoing investigations by Ericsson and US governmental authorities − The risk that the ongoing investigations by Ericsson and US governmental authorities result in a conclusion by Ericsson or US governmental authorities that the Company’s past conduct included making or having responsibility for making payments to a terrorist organization or other improper payments, which could lead to material additional liability − Risks related to the Company’s ongoing compliance with obligations under the National Security Agreement entered into in connection with Ericsson’s acquisition of Vonage Holdings Corp. (Vonage), which may adversely affect the Vonage business and subject the Company to additional liabilities − Ericsson’s goals, strategies, planning assumptions and operational or financial performance expectations − Macroeconomic conditions, including inflationary pressures and effects on customer investments, market recovery and growth − Ongoing geopolitical and trade uncertainty, including challenging global economic conditions, market trends and the imposition of tariffs and sanctions − Continued growth of mobile communications, the success of Ericsson’s existing and targeted customer base, and Ericsson’s ability to maintain technology leadership − Success in implementing key strategies, including improving profitability, leading in 6G, capturing 5G market opportunities, capitalizing on network API and Enterprise opportunities, incorporation of AI technologies into certain products, services and processes, and expected benefits from restructuring activities − Risks related to cybersecurity and privacy, security and data localization − Industry trends, future characteristics and development of the markets in which Ericsson operates − Risks of global operations, including legal and regulatory requirements and uncertainties, and unfavorable lawsuits and legal proceedings − Ericsson’s future liquidity, capital resources, capital expenditures, cost savings and profitability, and risks related to financial condition − The expected demand for Ericsson’s existing and new products and services as well as plans to launch new products and services, including research and development expenditures − Ericsson’s ability to deliver on future plans and achieve future growth − The expected operational or financial performance of strategic cooperation activities and joint ventures − Risks related to acquisitions and divestments that may be disruptive and incur significant expenses, including Ericsson’s ability to successfully consummate such transactions, protect the value of acquisitions during integration, or achieve the value anticipated with an acquisition − Trends related to Ericsson’s industry, including Ericsson’s regulatory environment, competition and customer structure − Intense competition from existing competitors, and new entrants, including vendor consolidation − Risks related to the supply chain and single-source or highly concentrated third-party suppliers − Large, multi-year agreements with limited number of key customers, and operator consolidation − Risks related to intellectual property, key employees, and unforeseen risks and disruptions due to natural or man- made events − Risks related to environmental, social, governance, diversity, equity and inclusion and business conduct − Other factors included in Ericsson’s filings with the US Securities and Exchange Commission (SEC), including the factors described throughout this report, included in the section Risk factors, and in “Risk Factors” in the Annual Report 2025, as updated by subsequent reports filed with the SEC. These forward-looking statements also represent Ericsson’s estimates, assumptions and expectations only as of the date that they were made, and to the extent they represent third-party data, Ericsson has not undertaken to independently verify such third- party data and does not intend to do so. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements and are urged to carefully review and consider the various disclosures made in this report and in other documents Ericsson files from time to time with Ericsson’s regulators that disclose risks and uncertainties that may affect Ericsson’s business. Ericsson expressly disclaims a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this report, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations. ===== SIDA 15 ===== 15 Ericsson | First quarter report 2026. April 17, 2026. Financial statements and other information Financial statements and other information Contents Financial statements (unaudited) ....................................................................................................................................................................................................... 16 Condensed consolidated income statement ..................................................................................................................................................................................................... 16 Condensed statement of comprehensive income ........................................................................................................................................................................................... 16 Condensed consolidated balance sheet.............................................................................................................................................................................................................. 17 Condensed consolidated statement of cash flows ......................................................................................................................................................................................... 18 Condensed consolidated statement of changes in equity ........................................................................................................................................................................... 19 Condensed consolidated income statement – isolated quarters .............................................................................................................................................................. 19 Condensed consolidated statement of cash flows – isolated quarters .................................................................................................................................................. 20 Condensed Parent Company income statement ............................................................................................................................................................................................. 21 Condensed Parent Company statement of comprehensive income ........................................................................................................................................................ 21 Condensed Parent Company balance sheet ..................................................................................................................................................................................................... 22 Accounting policies and Explanatory notes (unaudited) ............................................................................................................................................................. 23 Note 1 – Accounting policies and other information ..................................................................................................................................................................................... 23 Note 2 – Segment information .............................................................................................................................................................................................................................. 24 Note 3 – Financial income and expenses, net ................................................................................................................................................................................................. 28 Note 4 – Provisions ..................................................................................................................................................................................................................................................... 29 Note 5 – Financial risk management .................................................................................................................................................................................................................. 30 Note 6 – Cash flow ..................................................................................................................................................................................................................................................... 31 Note 7 – Contingent liabilities and Assets pledged as collateral .............................................................................................................................................................. 31 Note 8 – Share information ..................................................................................................................................................................................................................................... 32 Note 9 – Employee information ............................................................................................................................................................................................................................ 32 Alternative performance measures (unaudited) ............................................................................................................................................................................ 33 Sales growth adjusted for comparable units and currency ......................................................................................................................................................................... 33 Items excluding restructuring charges and impairments of goodwill and intangible assets ......................................................................................................... 34 EBITA and EBITA margin / Adjusted EBITA and Adjusted EBITA margin .......................................................................................................................................... 35 Rolling four quarters of net sales and adjusted EBITA margin (%) ......................................................................................................................................................... 35 Gross cash and net cash, end of period ............................................................................................................................................................................................................... 36 Capital employed ......................................................................................................................................................................................................................................................... 36 Capital turnover ............................................................................................................................................................................................................................................................ 36 Return on capital employed ..................................................................................................................................................................................................................................... 37 Equity ratio ..................................................................................................................................................................................................................................................................... 37 Return on equity ........................................................................................................................................................................................................................................................... 37 Operating working capital ........................................................................................................................................................................................................................................ 38 Free cash flow before M&A / Free cash flow after M&A / Free cash flow before M&A (% of net sales) ................................................................................... 38 Sales growth by segment adjusted for comparable units and currency ................................................................................................................................................. 39 Sales growth by market area adjusted for comparable units and currency * ...................................................................................................................................... 39 Rolling four quarters of net sales by segment .................................................................................................................................................................................................. 39 Gross margin by segment by quarter ................................................................................................................................................................................................................... 40 EBIT margin by segment by quarter .................................................................................................................................................................................................................... 40 EBITA and EBITA margin by segment by quarter .......................................................................................................................................................................................... 41 Restructuring charges by function ........................................................................................................................................................................................................................ 42 Restructuring charges by segment........................................................................................................................................................................................................................ 42 Adjusted gross income and Adjusted gross margin by segment ............................................................................................................................................................... 43 Adjusted EBIT (loss) and Adjusted EBIT margin by segment ................................................................................................................................................................... 44 Rolling four quarters of adjusted EBITA margin by segment (%) ............................................................................................................................................................ 44 Adjusted EBITA and Adjusted EBITA margin by segment.......................................................................................................................................................................... 45 Operating working capital days ............................................................................................................................................................................................................................. 45 ===== SIDA 16 ===== 16 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Financial statements (unaudited) Condensed consolidated income statement 1) Based on net income attributable to owners of the Parent Company. 2) Potential ordinary shares are not considered when their conversion to ordinary shares would improve earnings per share. Condensed statement of comprehensive income SEK million Note 2026 2025 Change Net sales 2 49,332 55,025 -10% Cost of sales -26,033 -28,488 -9% Gross income 2 23,299 26,537 -12% Research and development expenses -13,489 -12,032 12% Selling and administrative expenses -8,135 -8,621 -6% Impairment reversals/losses on trade receivables -156 32 - Operating expenses -21,781 -20,621 6% Other operating income and expenses 24 8 200% Share of earnings of associated companies -99 7 - Earnings before financial items and income tax (EBIT) 2 1,443 5,931 -76% Financial income and expenses, net 3 -193 -74 161% Income after financial items 1,250 5,857 -79% Income tax -362 -1,640 -78% Net income 887 4,217 -79% Net income attributable to:  Owners of the Parent Company 888 4,149  Non-controlling interests 0 68 Other information  Average number of shares, basic (million) 8 3,333 3,333  Earnings per share, basic (SEK) ¹⁾ 8 0. 27 1.25  Earnings per share, diluted (SEK) ¹⁾ ²⁾ 8 0. 27 1.24 Q1 SEK million 2026 2025 Net income 887 4,217 Other comprehensive income Items that will not be reclassified to profit or loss Remeasurements of defined benefit pension plans 173 2,711 Revaluation of credit risk on borrowings 108 28 Tax on items that will not be reclassified to profit or loss -75 -476 Items that have been or may be reclassified to profit or loss Cash flow hedge reserve  Gains/losses arising during the period -344 2,929  Reclassification adjustments on gains/losses included in profit or loss -564 293 Translation reserves Changes in translation reserves 2,477 -7,616 Reclassification to profit or loss -10 - Share of other comprehensive income of associated companies 29 -50 Tax on items that have been or may be reclassified to profit or loss 187 -664 Total other comprehensive income, net of tax 1,981 -2,845 Total comprehensive income 2,868 1,372 Total comprehensive income attributable to:  Owners of the Parent Company 2,873 1,215  Non-controlling interests -5 157 Q1 ===== SIDA 17 ===== 17 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed consolidated balance sheet Mar 31 Dec 31 SEK million Note 2026 2025 Assets Non-current assets Intangible assets  Capitalized development expenses 3,813 3,866  Goodwill 48,627 46,882  Customer relationships, IPR and other intangible assets 5,474 5,631 Property, plant and equipment 8,797 8,789 Right-of-use assets 7,023 6,738 Financial assets  Investments in associated companies 1,415 1,507  Other investments in shares and participations 5 2,071 1,909  Customer finance, non-current 5 190 238  Interest-bearing securities, non-current 5 36,457 37,298  Other financial assets, non-current 5 6,383 5,960 Deferred tax assets 18,707 16,851 138,958 135,669 Current assets Inventories 25,732 23,451 Contract assets 8,526 7,333 Trade receivables 5 39,345 40,327 Customer finance, current 5 1,582 852 Current tax assets 5,007 5,030 Other current receivables 8,153 9,920 Interest-bearing securities, current 5 10,775 12,715 Cash and cash equivalents 5 52,315 43,926 151,435 143,554 Total assets 290,393 279,223 Equity and liabilities Equity Stockholders' equity 102,440 109,535 Non-controlling interest in equity of subsidiaries 692 729 103,133 110,264 Non-current liabilities Post-employment benefits 18,224 18,648 Provisions, non-current 4 4,822 2,993 Deferred tax liabilities 175 152 Borrowings, non-current 5 21,541 29,165 Lease liabilities, non-current 6,107 5,772 Other non-current liabilities 1,327 1,292 52,196 58,022 Current liabilities Provisions, current 4 6,981 5,691 Borrowings, current 5 9,865 3,538 Lease liabilities, current 1,777 1,789 Contract liabilities 46,008 36,867 Trade payables 5 26,719 26,335 Current tax liabilities 3,386 2,679 Other current liabilities 40,327 34,038 135,063 110,937 Total equity and liabilities 290,393 279,223 ===== SIDA 18 ===== 18 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed consolidated statement of cash flows Jan-Dec SEK million Note 2026 2025 2025 Operating activities Net income 887 4,217 28,714 Adjustments for  Taxes 353 1,754 10,074  Earnings/dividends in associated companies 169 2 57  Depreciation, amortization and impairment losses 6 1,987 2,750 9,241  Other -547 115 -8,579 2,849 8,838 39,507 Changes in operating net assets Inventories -1,730 -2,268 929 Customer finance, current and non-current -622 1,864 3,033 Trade receivables and contract assets 1,283 -312 -4,301 Trade payables -471 -1,572 462 Provisions and post-employment benefits 2,557 -2,315 -1,435 Contract liabilities 8,077 8,596 1,485 Other operating assets and liabilities, net -3,494 -6,830 205 5,600 -2,837 378 Interest received 531 676 2,283 Interest paid -534 -771 -2,205 Taxes paid -1,042 -1,548 -7,009 Cash flow from operating activities 7,403 4,358 32,954 Investing activities Investments in property, plant and equipment 6 -620 -729 -2,630 Sales of property, plant and equipment 10 39 192 Acquisitions/divestments of subsidiaries and other operations, net -72 -4 10,539 Product development 6 -378 -307 -1,138 Purchase of interest-bearing securities -6,393 -6,520 -38,758 Sales of interest-bearing securities 8,714 5,704 16,688 Other investing activities 599 3,122 3,670 Cash flow from investing activities 1,860 1,305 -11,437 Financing activities Proceeds from issuance of borrowings - - 398 Repayment of borrowings - -79 -3,538 Dividends paid - - -9,545 Repayment of lease liabilities -459 -593 -2,115 Other financing activities -1,819 -60 577 Cash flow from financing activities -2,278 -732 -14,223 Effect of exchange rate changes on cash 1,403 -4,226 -7,253 Net change in cash and cash equivalents 8,388 705 41 Cash and cash equivalents, beginning of period 43,926 43,885 43,885 Cash and cash equivalents, end of period 52,315 44,590 43,926 Q1 ===== SIDA 19 ===== 19 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed consolidated statement of changes in equity Condensed consolidated income statement – isolated quarters 1) Based on net income attributable to owners of the Parent Company. 2) Potential ordinary shares are not considered when their conversion to ordinary shares would increase earnings per share. Jan-Dec SEK million 2026 2025 2025 Opening balance 110,264 92,983 92,983 Total comprehensive income 2,868 1,372 26,523 Sale/repurchase of own shares -10 - -116 Share issue, net - - 116 Long-term variable compensation plans 43 38 179 Dividends to shareholders -10,031 -9,535 -9,545 Transactions with non-controlling interests - - 124 Closing balance 103,133 84,858 110,264 Jan-Mar Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Net sales 49,332 69,285 56,239 56,132 55,025 Cost of sales -26,033 -36,580 -29,462 -29,483 -28,488 Gross income 23,299 32,705 26,777 26,649 26,537 Research and development expenses -13,489 -13,098 -11,510 -12,212 -12,032 Selling and administrative expenses -8,135 -8,971 -7,913 -8,180 -8,621 Impairment reversals/losses on trade receivables -156 127 46 34 32 Operating expenses -21,781 -21,942 -19,377 -20,358 -20,621 Other operating income and expenses 24 420 7,715 67 8 Share of earnings of associated companies -99 -22 36 33 7 Earnings before financial items and income tax (EBIT) 1,443 11,161 15,151 6,391 5,931 Financial income and expenses, net -193 -80 -212 34 -74 Income after financial items 1,250 11,081 14,939 6,425 5,857 Income tax -362 -2,510 -3,639 -1,799 -1,640 Net income 887 8,571 11,300 4,626 4,217 Net income attributable to:  Owners of the Parent Company 888 8,563 11,149 4,567 4,149  Non-controlling interests - 8 151 59 68 Other information  Average number of shares, basic (million) 3,333 3,333 3,333 3,333 3,333  Earnings per share, basic (SEK) ¹⁾ 0.27 2.57 3.34 1.37 1.25  Earnings per share, diluted (SEK) ¹⁾ ²⁾ 0.27 2.57 3.33 1.37 1.24 2026 2025 ===== SIDA 20 ===== 20 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed consolidated statement of cash flows – isolated quarters Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Operating activities Net income 887 8,571 11,300 4,626 4,217 Adjustments for  Taxes 353 2,724 3,647 1,949 1,754  Earnings/dividends in associated companies 169 27 50 -22 2  Depreciation, amortization and impairment losses 1,987 2,185 2,129 2,177 2,750  Other -547 -735 -7,549 -410 115 2,849 12,772 9,577 8,320 8,838 Changes in operating net assets Inventories -1,730 3,667 -680 210 -2,268 Customer finance, current and non-current -622 406 372 391 1,864 Trade receivables and contract assets 1,283 -3,288 -889 188 -312 Trade payables -471 1,568 1,102 -636 -1,572 Provisions and post-employment benefits 2,557 1,743 -565 -298 -2,315 Contract liabilities 8,077 -2,913 -2,869 -1,329 8,596 Other operating assets and liabilities, net -3,494 5,175 3,047 -1,187 -6,830 5,600 6,358 -482 -2,661 -2,837 Interest received 531 716 433 458 676 Interest paid -534 -407 -328 -699 - 771 Taxes paid -1,042 -2,932 -1,261 -1,268 -1,548 Cash flow from operating activities 7,403 16,507 7,939 4,150 4,358 Investing activities Investments in property, plant and equipment -620 -849 -491 -561 -729 Sales of property, plant and equipment 10 56 57 40 39 Acquisitions/divestments of subs. and other operations, net -72 338 10,064 141 -4 Product development -378 -352 -286 -193 -307 Purchase of interest-bearing securities -6,393 -10,310 -9,633 -12,295 -6,520 Sales of interest-bearing securities 8,714 4,867 3,549 2,568 5,704 Other investing activities 599 1,216 -106 -562 3,122 Cash flow from investing activities 1,860 -5,034 3,154 -10,862 1,305 Financing activities Proceeds from issuance of borrowings - 200 - 198 - Repayment of borrowings - -3,001 -26 - 432 -79 Dividends paid - -4,734 -1 -4,810 - Repayment of lease liabilities -459 -461 -507 -554 -593 Other financing activities -1,819 -847 -643 2,127 -60 Cash flow from financing activities -2,278 -8,843 -1,177 -3,471 -732 Effect of exchange rate changes on cash 1,403 -1,399 -841 -787 -4,226 Net change in cash and cash equivalents 8,388 1,231 9,075 -10,970 705 Cash and cash equivalents, beginning of period 43,926 42,695 33,620 44,590 43,885 Cash and cash equivalents, end of period 52,315 43,926 42,695 33,620 44,590 2026 2025 ===== SIDA 21 ===== 21 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed Parent Company income statement Condensed Parent Company statement of comprehensive income Jan-Dec SEK million 2026 2025 2025 Net sales - - - Cost of sales - - - Gr oss income - - - Operating expenses -243 -437 -1,692 Other operating income and expenses 685 657 2,600 EBIT 442 220 908 Financial net 374 62 30,408 Income after financial items 816 282 31,316 Transfers to (-) / from untaxed reserves - - -528 Income tax -110 -69 -499 Net income 706 213 30,289 Q1 Jan-Dec SEK million 2026 2025 2025 Net income 706 213 30,289 Other comprehensive income, net of tax - - - Total comprehensive income 706 213 30, 289 Q1 ===== SIDA 22 ===== 22 Ericsson | First quarter report 2026. April 17, 2026. Financial statements Condensed Parent Company balance sheet Mar 31 Dec 31 SEK million 2026 2025 Assets Fixed assets Intangible assets 146 151 Tangible assets 297 300 Financial assets ¹⁾ 134,496 135,029 134,939 135,480 Current assets Receivables 16,060 19,323 Short-term investments 10,649 12,651 Cash and cash equivalents 39,174 27,807 65,883 59,781 Total assets 200,822 195,261 Stockholders' equity, provisions and liabilities Equity Restricted equity 48,351 48,351 Non-restricted equity 33,770 43,051 82,121 91,402 Provisions 57 60 Non-current liabilities 21,537 29,164 Current liabilities 97,107 74,635 Total stockholders' equity, provisions and liabilities 200,822 195,261 ¹⁾ Of which interest-bearing securities, non-current 36, 457 37,298 ===== SIDA 23 ===== 23 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Accounting policies and Explanatory notes (unaudited) Note 1 – Accounting policies and other information The Group This condensed consolidated interim financial report for the reporting period ended March 31, 2026, has been prepared in accordance with International Accounting Standard IAS 34 “Interim Financial Reporting”. The term “IFRS Accounting Standards” used in this document refers to IFRS® Accounting standards as issued by the International Accounting Standards Board (IASB) as well as interpretations of these standards as issued by IASB’s Standards Interpretation Committee (SIC) and IFRS Interpretations Committee (IFRIC). The accounting policies adopted are consistent with those of the annual report for the year ended December 31, 2025, and should be read in conjunction with that annual report. Amendments to IFRS Accounting Standards that became effective during 2026 do not have a material impact on the result and financial position of the Company. Other Rounding differences may occur in the summation of amounts. ===== SIDA 24 ===== 24 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Note 2 – Segment information Net sales by segment by quarter Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 32,937 44,200 35,424 35,747 35,643  Of which Products 25,549 33,275 26,531 27,622 28,060  Of which Services 7,388 10,925 8,893 8,125 7,583 Cloud Software and Services 11,833 20,031 15,346 14,363 12,975  Of which Products 4,295 8,459 5,431 5,407 4,719  Of which Services 7,539 11,572 9,915 8,956 8,256 Enterprise 4,168 4,578 5,058 5,548 5,933 Other 393 476 411 474 474 Total 49,332 69,285 56,239 56,132 55,025 Sequential change, percent Q1 Q4 Q3 Q2 Q1 Networks -25% 25% -1% 0% -24%  Of which Products -23% 25% -4% -2% -23%  Of which Services -32% 23% 9% 7% -26% Cloud Software and Services -41% 31% 7% 11% -33%  Of which Products -49% 56% 0% 15% -40%  Of which Services -35% 17% 11% 8% -29% Enterprise -9% -9% -9% -6% -3% Other -17% 16% -13% 0% -17% Total -29% 23% 0% 2% -25% Year over year change, percent Q1 Q4 Q3 Q2 Q1 Networks -8% -6% -11% -5% 6%  Of which Products -9% -9% -15% -3% 10%  Of which Services -3% 7% 1% -11% -9% Cloud Software and Services -9% 3% 3% -5% -1%  Of which Products -9% 8% 4% 12% 4%  Of which Services -9% -1% 2% -14% -3% Enterprise -30% -25% -20% -14% -1% Other -17% -16% -19% -6% -20% Total -10% -5% -9% -6% 3% Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 32,937 151,014 106,814 71,390 35,643  Of which Products 25,549 115,488 82,213 55,682 28,060  Of which Services 7,388 35,526 24,601 15,708 7,583 Cloud Software and Services 11,833 62,715 42,684 27,338 12,975  Of which Products 4,295 24,016 15,557 10,126 4,719  Of which Services 7,539 38,699 27,127 17,212 8,256 Enterprise 4,168 21,117 16,539 11,481 5,933 Other 393 1,835 1,359 948 474 Total 49,332 236,681 167,396 111,157 55,025 Year over year change, percent Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks -8% -5% -4% 0% 6%  Of which Products -9% -5% -4% 3% 10%  Of which Services -3% -2% -6% -10% -9% Cloud Software and Services -9% 0% -1% -3% -1%  Of which Products -9% 7% 7% 8% 4%  Of which Services -9% -4% -5% -9% -3% Enterprise -30% -15% -12% -8% -1% Other -17% -16% -15% -14% -20% Total -10% -5% -4% -2% 3% 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 ===== SIDA 25 ===== 25 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Gross income by segment by quarter EBIT (loss) by segment by quarter Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 16,359 21,648 17,705 17,638 18,112 Cloud Software and Services 4,907 8,636 6,463 5,964 5,069 Enterprise 2,039 2,386 2,609 3,045 3,338 Other -6 35 0 2 18 Total 23,299 32,705 26,777 26,649 26,537 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 16,359 75,103 53,455 35,750 18,112 Cloud Software and Services 4,907 26,132 17,496 11,033 5,069 Enterprise 2,039 11,378 8,992 6,383 3,338 Other -6 55 20 20 18 Total 23,299 112,668 79,963 53,186 26,537 2026 2025 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 3,283 9,318 7,075 6,376 7,040 Cloud Software and Services 3 3,364 1,721 840 71 Enterprise -1,844 -1,526 6,649 -870 -1,014 Other 1 5 -294 45 -166 Total 1,443 11,161 15,151 6,391 5,931 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 3,283 29,809 20,491 13,416 7,040 Cloud Software and Services 3 5,996 2,632 911 71 Enterprise -1,844 3,239 4,765 -1,884 -1,014 Other 1 -410 -415 -121 -166 Total 1,443 38,634 27,473 12,322 5,931 2026 2025 ===== SIDA 26 ===== 26 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Net sales by market area by quarter * * Q1-Q3 2025 have been restated to reflect changes in the market area structure. On February 25, 2025, the new market area structure was announced, and during Q4 2025 one additional country was added to Americas. Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Americas 17,077 22,928 19,837 19,809 20,859 Europe, Middle East and Africa ¹⁾ ²⁾ 14,298 23,350 16, 730 16,193 14,475 South East Asia, Oceania and India 6,946 8,986 7,097 5,505 7,226 North East Asia 3,122 5,205 3,825 3,766 3,215 Other ¹⁾ ²⁾ 7,888 8,816 8,750 10,859 9, 250 Total 49,332 69,285 56,239 56,132 55,025 ¹⁾ Of which in Sweden 781 1,374 863 686 461 ²⁾ Of which in EU 7,081 10,663 8,213 8,223 7,566 2026 2025 Sequential change, percent Q1 Q4 Q3 Q2 Q1 Americas -26% 16% 0% -5% -19% Europe, Middle East and Africa ¹ ² -39% 40% 3% 12% -34% South East Asia, Oceania and India -23% 27% 29% -24% -14% North East Asia -40% 36% 2% 17% -55% Other ¹ ² -11% 1% -19% 17% -4% Total -29% 23% 0% 2% -25% ¹ Of which in Sweden -43% 59% 26% 49% -23% ² Of which in EU -34% 30% 0% 9% -31% 2026 2025 Year over year change, percent Q1 Q4 Q3 Q2 Q1 Americas -18% -11% -16% 0% 26% Europe, Middle East and Africa ¹⁾ ²⁾ -1% 7% - 1% -6% -5% South East Asia, Oceania and India -4% 6% -8% -28% -16% North East Asia -3% -27% 4% -17% -6% Other ¹⁾ ²⁾ -15% -9% -13% 4% - 3% Total -10% -5% -9% -6% 3% ¹⁾ Of which in Sweden 69% 130% 100% 18% -37% ²⁾ Of which in EU -6% -2% 1% -4% 0% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Americas 17,077 83,433 60,505 40,668 20,859 Europe, Middle East and Africa ¹⁾ ²⁾ 14,298 70,748 47, 398 30,668 14,475 South East Asia, Oceania and India 6,946 28,814 19,828 12,731 7,226 North East Asia 3,122 16,011 10,806 6,981 3,215 Other ¹⁾ ²⁾ 7,888 37,675 28,859 20,109 9, 250 Total 49,332 236,681 167,396 111,157 55,025 ¹⁾ Of which in Sweden 781 3,384 2,010 1,147 461 ²⁾ Of which in EU 7,081 34,665 24,002 15,789 7,566 2026 2025 Year to date, year over year change, percent Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Americas -18% -3% 1% 12% 26% Europe, Middle East and Africa ¹⁾ ²⁾ -1% -1% - 4% -6% -5% South East Asia, Oceania and India -4% -11% -17% -22% -16% North East Asia -3% -15% -7% -13% -6% Other ¹⁾ ²⁾ -15% -5% -4% 1% - 3% Total -10% -5% -4% -2% 3% ¹⁾ Of which in Sweden 69% 45% 15% -13% -37% ²⁾ Of which in EU -6% -2% -1% -2% 0% 2026 2025 ===== SIDA 27 ===== 27 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Net sales by market area by segment 1) Includes primarily IPR licensing revenues and a major part of segment Enterprise. SEK million Networks Cloud Software and Services Enterprise Other Total Americas 13,682 3,335 60 0 17,077 Europe, Middle East and Africa 8,942 5,175 181 0 14,298 South East Asia, Oceania and India 5,074 1,858 13 0 6,946 North East Asia 2,370 751 1 0 3,122 Other ¹⁾ 2,868 713 3,914 393 7,888 Total 32,937 11,833 4,168 393 49,332 Share of total 67% 24% 8% 1% 100% Q1 2026 Sequential change, percent Networks Cloud Software and Services Enterprise Other Total Americas -20% -41% -69% -100% - 26% Europe, Middle East and Africa -38% -40% -26% - - 39% South East Asia, Oceania and India -15% -38% 30% - - 23% North East Asia -29% -60% -50% - - 40% Other -15% -17% -5% -18% - 11% Total -25% -41% -9% -17% - 29% Q1 2026 Year over year change, percent Networks Cloud Software and Services Enterprise Other Total Americas -21% -5% -52% - -18% Europe, Middle East and Africa 8% -13% -25% - -1% South East Asia, Oceania and India -3% -7% 86% - -4% North East Asia 1% -13% -86% - -3% Other 12% 9% -30% -17% -15% Total -8% -9% -30% -17% -10% Q1 2026 ===== SIDA 28 ===== 28 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Top 5 countries in sales 1) Based on Jan-Mar 2026. Includes IPR licensing revenues. IPR licensing revenues by segment by quarter Note 3 – Financial income and expenses, net Financial income and expenses, net Country, percentage of net sales¹⁾ Q 1 Q4 Q3 Q2 Q1 United States 39% 36% 40% 44% 45% India 8% 5% 5% 4% 7% United Kingdom 4% 4% 4% 4% 4% Japan 4% 4% 3% 3% 3% China 3% 3% 3% 4% 3% 20252026 Country, percentage of net sales¹⁾ J an-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar United States 39% 41% 43% 44% 45% India 8% 5% 5% 6% 7% United Kingdom 4% 4% 4% 4% 4% Japan 4% 4% 3% 3% 3% China 3% 3% 4% 4% 3% 20252026 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 2,569 2,733 2,569 3,987 2,606 Cloud Software and Services 564 600 564 875 572 Total 3,133 3,333 3,133 4,862 3,178 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 2,569 11,895 9,162 6,593 2,606 Cloud Software and Services 564 2,611 2,011 1,447 572 Total 3,133 14,506 11,173 8,040 3,178 2026 2025 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Financial income 585 620 662 579 619 Financial expenses -594 -580 -735 -927 -805 Net foreign exchange gains/losses -184 -120 -139 382 112 Total -193 -80 -212 34 -74 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Financial income 585 2,480 1,860 1,198 619 Financial expenses -594 -3,047 -2,467 -1,732 -805 Net foreign exchange gains/losses -184 235 355 494 112 Total -193 -332 -252 -40 -74 2026 2025 ===== SIDA 29 ===== 29 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Note 4 – Provisions Provisions Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Opening balance 8,684 7,823 8,652 9,093 11,715 Additions 6,016 3,005 847 1,830 1,055 Utilization -2,898 -1,605 -1,311 -1,853 -3,009 Of which restructuring -546 -721 -813 -837 -1,201 Reversal of excess amounts -171 -357 -370 -273 -256 Reclassification, translation difference and other 172 -182 5 -145 -412 Closing balance 11,803 8,684 7,823 8,652 9,093 Of which restructuring 4,956 1,889 1,710 2,429 2,720 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Opening balance 8,684 11,715 11,715 11,715 11,715 Additions 6,016 6,737 3,732 2,885 1,055 Utilization -2,898 -7,778 -6,173 -4,862 -3,009 Of which restructuring -546 -3,572 -2,851 -2,038 -1,201 Reversal of excess amounts -171 -1,256 -899 -529 -256 Reclassification, translation difference and other 172 -734 -552 -557 -412 Closing balance 11,803 8,684 7,823 8,652 9,093 Of which restructuring 4,956 1,889 1,710 2,429 2,720 2026 2025 ===== SIDA 30 ===== 30 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Note 5 – Financial risk management There have been no changes to the fair value hierarchy categorization from that presented in the latest Annual Report. Where Level 2 and Level 3 fair value hierarchies apply, the inputs and valuation methods used remained unchanged. The book values and fair values of financial instruments are as follows: Financial instruments 1) Year to date movements of customer finance receivables are as follows: additions of SEK 5.9 billion, disposals and repayments of SEK 5.2 billion. No material revaluation impact in the current period (< SEK 0.1 billion). 2) Total Cash and cash equivalent is SEK 52.3 (43.9 on Dec 31, 2025) billion, of which SEK 33.6 (25.3 on Dec 31, 2025) billion relating to Cash equivalents are presented in the table above. Exchange rates used in the consolidation SEK billion Carrying value Level 1 Level 2 Level 3 Carrying value Level 1 Level 2 Level 3 Assets at fair value through profit or loss Customer finance ¹⁾ 1.8 - - 1.8 1.1 - - 1.1 Interest-bearing securities 47.1 43.8 3.3 - 49.9 45.4 4.5 - Cash equivalents ²⁾ 33.6 - 33.6 - 25.3 - 25.3 - Other financial assets 2.1 - - 2.1 1.9 - - 1.9 Other current assets 1.2 - 1.2 2.9 - 2.9 - Assets at fair value through OCI Trade receivables 39.3 - - 39.3 40.3 - - 40.3 Assets at amortized costs Interest-bearing securities 0.1 - - - 0.1 - - - Other financial assets 0.1 - - - 0.1 - - - Total financial assets 125.3 121.6 Financial liabilities at designated FVTPL Parent company borrowings -30.1 -18.8 -11.3 - -29.6 -18.8 -10.8 - Financial liabilities at FVTPL Other current liabilities -0.4 - -0.4 - -0.2 - -0.2 - Liabilities at amortized cost Trade payables -26.7 - - - -26.3 - - - Borrowings -1.3 - - - -3.1 - - - Total financial liabilities -58.5 -59.2 2026 2025 Mar 31 Dec 31 Fair value hierarchy level Fair value hierarchy level Jan-Dec 2026 2025 2025 SEK/EUR - closing rate 10.97 10.85 10. 82 SEK/USD - closing rate 9.57 10.03 9. 19 Jan-Mar ===== SIDA 31 ===== 31 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Note 6 – Cash flow Information on investments Investments in assets subject to depreciation, amortization, impairment and write-downs Note 7 – Contingent liabilities and Assets pledged as collateral Contingent liabilities and Assets pledged as collateral Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Additions  Property, plant and equipment 620 849 491 561 729  Capitalized development expenses 378 352 286 193 307  IPR, brands and other intangible assets 35 48 81 301 57 Total 1,033 1,249 858 1,055 1,093 Depreciation, amortization and impairment losses  Property, plant and equipment 735 814 812 826 1,029  Capitalized development expenses 436 446 449 451 444  Goodwill, IPR, brands and other intangible assets 344 439 365 373 721  Right-of-use assets 471 486 503 527 556 Total 1,986 2,185 2,129 2,177 2,750 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Additions  Property, plant and equipment 620 2,630 1,781 1,290 729  Capitalized development expenses 378 1,138 786 500 307  IPR, brands and other intangible assets 35 487 439 358 57 Total 1,033 4,255 3,006 2,148 1,093 Depreciation, amortization and impairment losses  Property, plant and equipment 735 3,481 2,667 1,855 1,029  Capitalized development expenses 436 1,790 1,344 895 444  Goodwill, IPR, brands and other intangible assets 344 1,898 1,459 1,094 721  Right-of-use assets 471 2,072 1,586 1,083 556 Total 1,986 9,241 7,056 4,927 2,750 2026 2025 Mar 31 Dec 31 SEK million 2026 2025 Contingent liabilities 4, 223 4,091 Assets pledged as collateral 8,812 8,695 ===== SIDA 32 ===== 32 Ericsson | First quarter report 2026. April 17, 2026. Accounting policies and Explanatory notes Note 8 – Share information Number of shares and earnings per share 1) Potential ordinary shares are not considered when their conversion to ordinary shares would increase earnings per share. 2) Based on net income attributable to owners of the Parent Company. The proposed dividend for 2025 of SEK 3.00 per share was approved by the AGM 31 March 2026. The first of two equal dividend payments of SEK 1.50 per share was made on 9 April 2026, and the second will be made with a record date of 29 September 2026, with an expected payment date of 2 October 2026. The AGM resolved to approve the Board of Directors’ proposal on authorization for the Board of Directors to, on one or several occasions prior to the AGM 2027, decide on the purchase of the Company’s own shares of series B. The number of shares purchased must at no time result in the Company’s holding exceeding 10 percent of all the shares in the Company. Note 9 – Employee information Number of employees Jan-Dec 2026 2025 2025 Number of shares, end of period (million) 3,371 3,348 3,371  Of which class A-shares (million) 262 262 262  Of which class B-shares (million) 3,110 3,086 3, 110 Number of treasury shares, end of period (million) 38 16 38 Number of shares outstanding, basic, end of period (million) 3,333 3,333 3,333 Numbers of shares outstanding, diluted, end of period (million) 3,343 3,340 3,342 Average number of treasury shares (million) 38 16 31 Average number of shares outstanding, basic (million) 3,333 3,333 3,333 Average number of shares outstanding, diluted (million) ¹⁾ 3,343 3, 340 3,342 Earnings per share, basic (SEK) ²⁾ 0.27 1. 25 8.53 Earnings per share, diluted (SEK) ¹⁾ 0.27 1. 24 8.51 Q1 End of period Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Americas 14,537 15,050 15,346 15,926 15,857 Europe, Middle East and Africa ¹⁾ 38,548 39,045 39,489 40,413 40, 677 South East Asia, Oceania and India 25,100 25,189 25,358 25,591 25,991 North East Asia 9,336 9,542 9,705 10,007 10,341 Total 87,521 88,826 89,898 91,937 92,866 ¹⁾ Of which in Sweden 12,615 12,806 12,967 13,476 13,222 2026 2025 ===== SIDA 33 ===== 33 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Alternative performance measures (unaudited) In this section, the Company presents its Alternative Performance Measures (APMs), which are not recognized measures of financial performance under IFRS. The presentation of APMs has limitations as analytical tools and should not be considered in isolation or as a substitute for related financial measures prepared in accordance with IFRS. APMs are presented to enhance an investor’s evaluation of ongoing operating results, to aid in forecasting future periods and to facilitate meaningful comparison of results between periods. Management uses these APMs to, among other things, evaluate ongoing operations in relation to historical results, for internal planning and forecasting purposes and in the calculation of certain performance-based compensation. APMs should not be viewed as substitutes for income statement or cash flow items computed in accordance with IFRS. This section also includes a reconciliation of the APMs to the most directly reconcilable line items in the financial statements. For more information about non-IFRS key operating measures, see Ericsson Annual Report 2025. Sales growth adjusted for comparable units and currency Sales growth adjusted for the impact of acquisitions and divestments as well as the effects of foreign currency fluctuations. Also named organic sales growth. Isolated quarters, year over year change, SEK million Q1 Q4 Q3 Q2 Q1 Reported net sales 49,332 69,285 56,239 56,132 55,025  Acquired business - - - - -  Net FX impact 7,755 6,801 4,213 4,672 -1,817 Current period net sales, excluding acquired business & FX impact 57,087 76,086 60,452 60,804 53,208 Prior year period net sales adjusted for acquired & divested business 53,903 71,474 61,794 59,848 53,325 Organic sales growth (%) 6% 6% -2% 2% 0% 2026 2025 Year to date, year over year change, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Reported net sales 49,332 236,681 167,396 111,157 55,025  Acquired business - - - - -  Net FX impact 7,755 13,869 7,068 2,855 -1,817 Current period net sales, excluding acquired business & FX impact 57,087 250,550 174,464 114,012 53,208 Prior year period net sales adjusted for acquired & divested business 53,903 246,441 174,967 113,173 53,325 Organic sales growth (%) 6% 2% 0% 1% 0% 2026 2025 ===== SIDA 34 ===== 34 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Items excluding restructuring charges and impairments of goodwill and intangible assets Gross income, operating expenses, and EBIT are presented excluding restructuring charges, and for certain measures, as a percentage of net sales. EBIT is also presented excluding restructuring charges and impairments of goodwill and intangible assets. Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Gross income 23,299 32,705 26,777 26,649 26,537 Net sales 49,332 69,285 56,239 56,132 55,025 Gross margin (%) 47.2% 47.2% 47.6% 47.5% 48.2% Gross income 23,299 32,705 26,777 26,649 26,537 Restructuring charges included in cost of sales 435 538 271 310 158 Adjusted gross income 23,734 33,243 27,048 26,959 26,695 Net sales 49,332 69,285 56,239 56,132 55,025 Adjusted gross margin (%) 48.1% 48.0% 48.1% 48.0% 48.5% Operating expenses -21,781 -21,942 -19,377 -20,358 -20,621 Restructuring charges included in R&D expenses 2,595 300 -41 300 20 Restructuring charges included in selling and administrative expenses 738 259 73 46 103 Operating expenses excluding restructuring charges -18,448 -21,383 -19,345 -20,012 -20,498 EBIT 1,443 11,161 15,151 6,391 5,931 Net sales 49,332 69,285 56,239 56,132 55,025 EBIT margin (%) 2.9% 16.1% 26.9% 11.4% 10.8% EBIT 1,443 11,161 15,151 6,391 5,931 Total restructuring charges 3,768 1,097 303 656 281 Adjusted EBIT 5,211 12,258 15,454 7,047 6,212 Net sales 49,332 69,285 56,239 56,132 55,025 Adjusted EBIT margin (%) 10.6% 17.7% 27.5% 12.6% 11.3% Adjusted EBIT 5,211 12,258 15,454 7,047 6,212 Impairment of goodwill and intangible assets - - - - - Adjusted EBIT excluding impairments of goodwill and intangible assets 5,211 12,258 15,454 7,047 6,212 Net sales 49,332 69,285 56,239 56,132 55,025 Adjusted EBIT margin excluding impairments of goodwill and intangible assets (%) 10.6% 17.7% 27.5% 12.6% 11.3% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Gross income 23,299 112,668 79,963 53,186 26,537 Net sales 49,332 236,681 167,396 111,157 55,025 Gross margin (%) 47.2% 47.6% 47.8% 47.8% 48.2% Gross income 23,299 112,668 79,963 53,186 26,537 Restructuring charges included in cost of sales 435 1,277 739 468 158 Adjusted gross income 23,734 113,945 80,702 53,654 26,695 Net sales 49,332 236,681 167,396 111,157 55,025 Adjusted gross margin (%) 48.1% 48.1% 48.2% 48.3% 48.5% Operating expenses -21,781 -82,298 -60,356 -40,979 -20,621 Restructuring charges included in R&D expenses 2,595 579 279 320 20 Restructuring charges included in selling and administrative expenses 738 481 222 149 103 Operating expenses excluding restructuring charges -18,448 -81,238 -59,855 -40,510 -20,498 EBIT 1,443 38,634 27,473 12,322 5,931 Net sales 49,332 236,681 167,396 111,157 55,025 EBIT margin (%) 2.9% 16.3% 16.4% 11.1% 10.8% EBIT 1,443 38,634 27,473 12,322 5,931 Total restructuring charges 3,768 2,337 1,240 937 281 Adjusted EBIT 5,211 40,971 28,713 13,259 6,212 Net sales 49,332 236,681 167,396 111,157 55,025 Adjusted EBIT margin (%) 10.6% 17.3% 17.2% 11.9% 11.3% Adjusted EBIT 5,211 40,971 28,713 13,259 6,212 Impairment of goodwill and intangible assets - - - - - Adjusted EBIT excluding impairments of goodwill and intangible assets 5,211 40,971 28,713 13,259 6,212 Net sales 49,332 236,681 167,396 111,157 55,025 Adjusted EBIT margin excluding impairments of goodwill and intangible assets (%) 10.6% 17.3% 17.2% 11.9% 11.3% 2026 2025 ===== SIDA 35 ===== 35 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures EBITA and EBITA margin / Adjusted EBITA and Adjusted EBITA margin Earnings before interest, income tax, amortizations and write-downs of acquired intangibles (including goodwill) also expressed as a percentage of net sales. Adjusted EBITA also expressed as a percentage of net sales. Additionally, Ericsson provides forward-looking targets for adjusted EBITA margin and Free cash flow before M&A as a percentage of net sales, which are non-IFRS financial measures. Ericsson has not provided quantitative reconciliation of these targets to the most directly comparable IFRS measures because certain information needed to reconcile these non-IFRS financial measures to the most comparable IFRS financial measures are dependent on specific items or impacts that are not yet determined, are subject to incarcerating and variability in timing and amount due to their nature, are outside of Ericsson’s control or cannot be predicted, including items and impacts such as currency exchange rate changes, acquisitions and disposals, and charges such as impairments or acquisition related charges. Accordingly, reconciliation of these non-IFRS forward-looking financial measures are not available without unreasonable efforts. Such unavailable reconciling items could significantly impact our results of operations and financial condition. Rolling four quarters of net sales and adjusted EBITA margin (%) Net sales, EBITA margin and restructuring charges as a sum of last four quarters. Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Net income 887 8,571 11,300 4,626 4,217 Income tax 362 2,510 3,639 1,799 1,640 Financial income and expenses, net 193 80 212 -34 74 Amortizations and write-downs of acquired intangibles 344 440 365 372 721  Of which segment Enterprise 307 406 338 346 389 EBITA 1,788 11,601 15,516 6,763 6,652 Net sales 49,332 69,285 56,239 56,132 55,025 EBITA margin (%) 3.6% 16.7% 27.6% 12.0% 12.1% Restructuring charges 3,768 1,097 303 656 281 Adjusted EBITA 5,556 12,698 15,819 7,419 6,933 Adjusted EBITA margin (%) 11.3% 18.3% 28.1% 13.2% 12.6% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Net income 887 28,714 20,143 8,843 4,217 Income tax 362 9,588 7,078 3,439 1,640 Financial income and expenses, net 193 332 252 40 74 Amortizations and write-downs of acquired intangibles 344 1,898 1,458 1,093 721  Of which segment Enterprise 307 1,479 1,073 735 389 EBITA 1,788 40,532 28,931 13,415 6,652 Net sales 49,332 236,681 167,396 111,157 55,025 EBITA margin (%) 3.6% 17.1% 17.3% 12.1% 12.1% Restructuring charges 3,768 2,337 1,240 937 281 Adjusted EBITA 5,556 42,869 30,171 14,352 6,933 Adjusted EBITA margin (%) 11.3% 18.1% 18.0% 12.9% 12.6% 2026 2025 Rolling four quarters, SEK million Q1 Q4 Q3 Q2 Q1 Net sales 230,988 236,681 240,309 245,864 249,580 EBITA 35,668 40,532 37,554 28,241 23,904 Restructuring charges 5,824 2,337 2,866 4,116 5,088 Adjusted EBITA 41,492 42,869 40,420 32,357 28,992 Adjusted EBITA margin (%) 18.0% 18.1% 16.8% 13.2% 11.6% 2026 2025 ===== SIDA 36 ===== 36 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Gross cash and net cash, end of period Gross cash: Cash and cash equivalents plus interest-bearing securities (current and non-current). Net cash: Cash and cash equivalents plus interest-bearing securities (current and non-current) less borrowings (current and non-current). Capital employed Total assets less non-interest-bearing provisions and liabilities (which includes non-current provisions, deferred tax liabilities, contract liabilities, other non-current liabilities, current provisions, trade payables, current tax liabilities and other current liabilities). Capital turnover Rolling four quarters of net sales divided by five-point average for capital employed. The definition is updated from Q1 2025. Prior periods are updated accordingly. Refer to the clarification provided at the beginning of the APM section. SEK million Q1 Q4 Q3 Q2 Q1 Cash and cash equivalents 52,315 43,926 42,695 33,620 44,590 + Interest-bearing securities, current 10,775 12,715 8,345 6,790 5,147 + Interest-bearing securities, non-current 36,457 37,298 37,370 32,859 24,436 Gross cash, end of period 99,547 93,939 88,410 73,269 74,173 - Borrowings, current 9,865 3,538 6,680 7,285 5,597 - Borrowings, non-current 21,541 29,165 29,872 29,944 29,929 Net cash, end of period 68,141 61,236 51,858 36,040 38,647 2026 2025 SEK million Q1 Q4 Q3 Q2 Q1 Total assets 290,393 279,223 282,476 270,555 277,978 Less: Non-interest-bearing provisions and liabilities  Provisions, non-current 4,822 2,993 2,478 2,365 2,541  Deferred tax liabilities 175 152 1,349 1,390 1,365  Other non-current liabilities 1,327 1,292 899 870 888  Provisions, current 6,981 5,691 5,345 6,287 6,552  Contract liabilities 46,008 36,867 40,642 44,370 46,757  Trade payables 26,719 26,335 25,352 24,804 26,450  Current tax liabilities 3,386 2,679 6,069 3,609 2,664  Other current liabilities 40,327 34,038 34,605 32,521 41,655 Capital employed 160,647 169,176 165,737 154,339 149,106 2026 2025 SEK million Q1 Q4 Q3 Q2 Q1 Net sales, rolling four quarters 230,988 236,681 240,309 245,864 249,580 Average capital employed, rolling five quarters Capital employed at end of period -4 149,106 162,967 153,610 156,496 177,181 Capital employed at end of period -3 154,339 149,106 162,967 153,610 156,496 Capital employed at end of period -2 165,737 154,339 149,106 162,967 153,610 Capital employed at end of period -1 169,176 165,737 154,339 149,106 162,967  Capital employed at end of period 160,647 169,176 165,737 154,339 149,106  Average capital employed, rolling five quarters 159,801 160,265 157,152 155,304 159, 872 Capital turnover (times) 1.4 1.5 1.5 1.6 1.6 2026 2025 ===== SIDA 37 ===== 37 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Return on capital employed Rolling four quarters of EBIT divided by five-point average for capital employed. The definition is updated from Q1 2025. Prior periods are updated accordingly. Refer to the clarification provided at the beginning of the APM section. Equity ratio Equity expressed as a percentage of total assets. Return on equity Annualized net income attributable to owners of the Parent Company as a percentage of average stockholders’ equity. Annualization factor of four is used for isolated quarter. Annualization factor of four is used for Jan-Mar, two is used for Jan-Jun, 4/3 is used for Jan-Sep and one is used for Jan-Dec. SEK million Q1 Q4 Q3 Q2 Q1 EBIT, rolling four quarters 34,146 38,634 35,431 26,054 6,144 Average capital employed, rolling five quarters Capital employed at end of period -4 149,106 162,967 153,610 156,496 177,181 Capital employed at end of period -3 154,339 149,106 162,967 153,610 156,496 Capital employed at end of period -2 165,737 154,339 149,106 162,967 153,610 Capital employed at end of period -1 169,176 165,737 154,339 149,106 162,967 Capital employed at end of period 160,647 169,176 165,737 154,339 149,106  Average capital employed, rolling five quarters 159,801 160,265 157,152 155,304 159,872 Return on capital employed (%) 21.4% 24.1% 22.5% 16.8% 3.8% 20252026 SEK million Q1 Q4 Q3 Q2 Q1 Total equity 103,133 110,264 102,494 85,699 84,858 Total assets 290,393 279,223 282,476 270,555 277,978 Equity ratio (%) 35.5% 39.5% 36.3% 31.7% 30.5% 2026 2025 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Net income attributable to owners of the Parent Company 888 8,563 11,149 4,567 4,149 Annualized 3,551 34,252 44,596 18,268 16,596 Average stockholders' equity  Stockholders' equity, beginning of period 109,535 102,658 86,748 86,039 94,284  Stockholders' equity, end of period 102,440 109,535 102,658 86,748 86,039  Average stockholders' equity 105,988 106,097 94,703 86,394 90,162 Return on equity (%) 3.4% 32.3% 47.1% 21.1% 18.4% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Net income attributable to owners of the Parent Company 888 28,428 19,865 8,716 4,149 Annualized 3,551 28,428 26,487 17,432 16,596 Average stockholders' equity  Stockholders' equity, beginning of period 109,535 94,284 94,284 94,284 94,284  Stockholders' equity, end of period 102,440 109,535 102,658 86,748 86,039  Average stockholders' equity 105,988 101,910 98,471 90,516 90,162 Return on equity (%) 3.4% 27.9% 26.9% 19.3% 18.4% 2026 2025 ===== SIDA 38 ===== 38 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Operating working capital Inventories, contract assets, trade receivables, customer finance (current and non-current), advances to suppliers and prepaid expenses less contract liabilities and trade payables. 1) Part of Other current receivables in the consolidated balance sheet. Free cash flow before M&A / Free cash flow after M&A / Free cash flow before M&A (% of net sales) Free cash flow before M&A: Cash flow from operating activities less net capital expenditures, other investments (excluding M&A) and repayment of lease liabilities. Free cash flow after M&A: Cash flow from operating activities less net capital expenditures, other investments and repayment of lease liabilities. Free cash flow before M&A (% of net sales): Free cash flow before M&A as a percentage of net sales. 1) Other investments is part of the line item Other investing activities in the Consolidated cash flow statement. The differences are movements in other interest-bearing assets, which are not to be part of the definition of Free cash flow. SEK million Mar 31 Dec 31 Sep 30 Jun 30 Mar 31 Inventories 25,732 23,451 27,519 27,068 27,649 Contract assets 8,526 7,333 7,494 6,618 5,735 Trade receivables 39,345 40,327 38,136 39,107 41,428 Customer finance, current 1,582 852 1,290 1,879 2,396 Customer finance, non-current 190 238 242 78 27 Advance payments to suppliers ¹⁾ 44 46 39 41 46 Prepaid expenses ¹⁾ 3,015 2,390 2,443 3,025 3,749 Less: Contract liabilities 46,008 36,867 40,642 44,370 46,757 Less: Trade payables 26,719 26,335 25,352 24,804 26,450 Operating working capital 5,709 11,435 11,169 8,642 7,823 2026 2025 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Cash flow from operating activities 7,403 16,507 7,939 4,150 4,358 Net capital expenditures and other investments (excl. M&A)  Investments in property, plant and equipment -620 -849 -491 -561 -729  Sales of property, plant and equipment 10 56 57 40 39  Product development -378 -352 -286 -193 -307  Other investments ¹⁾ -36 -47 -81 -301 -64  Repayment of lease liabilities -459 -462 -507 -554 -593 Free cash flow before M&A 5,921 14,853 6,631 2,581 2,704  Acquisitions/divestments of subs and other operations, net -72 338 10,064 141 -4 Free cash flow after M&A 5,849 15,191 16,695 2,722 2,700 Net sales 49,332 69,285 56,239 56,132 55,025 Free cash flow before M&A (% of net sales) 12.0% 21.4% 11.8% 4.6% 4.9% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Cash flow from operating activities 7,403 32,954 16,447 8,508 4,358 Net capital expenditures and other investments (excl. M&A)  Investments in property, plant and equipment -620 -2,630 -1,781 -1,290 -729  Sales of property, plant and equipment 10 192 136 79 39  Product development -378 -1,138 -786 -500 -307  Other investments ¹⁾ -36 -493 -446 -365 -64  Repayment of lease liabilities -459 -2,116 -1,654 -1,147 -593 Free cash flow before M&A 5,921 26,769 11,916 5,285 2,704  Acquisitions/divestments of subs and other operations, net -72 10,539 10,201 137 -4 Free cash flow after M&A 5,849 37,308 22,117 5,422 2,700 Net sales 49,332 236,681 167,396 111,157 55,025 Free cash flow before M&A (% of net sales) 12.0% 11.3% 7.1% 4.8% 4.9% 2026 2025 ===== SIDA 39 ===== 39 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Sales growth by segment adjusted for comparable units and currency Sales growth by market area adjusted for comparable units and currency * * Q1-Q3 2025 have been restated to reflect changes in the market area structure. On February 25, 2025, the new market area structure was announced, and during Q4 2025 one additional country was added to Americas. Rolling four quarters of net sales by segment Isolated quarter, year over year change, percent Q1 Q4 Q3 Q2 Q1 Networks 7% 4% -5% 3% 3% Cloud Software and Services 4% 12% 9% 1% - 3% Enterprise 4% 2% -7% -6% -7% Other -2% -10% -15% -1% -23% Total 6% 6% -2% 2% 0% 2026 2025 Year to date, year over year change, percent Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 7% 1% 0% 3% 3% Cloud Software and Services 4% 6% 2% - 1% -3% Enterprise 4% -5% -7% -6% -7% Other -2% -13% -14% -13% -23% Total 6% 2% 0% 1% 0% 2026 2025 Isolated quarter, year over year change, percent Q1 Q4 Q3 Q2 Q1 Americas -2% -1% -8% 10% 20% Europe, Middle East and Africa 10% 13% 3% -1% -7% South East Asia, Oceania and India 12% 19% 1% -22% -17% North East Asia 15% -16% 10% -15% -8% Other 12% 13% -2% 15% -6% Total 6% 6% -2% 2% 0% 2026 2025 Year to date, year over year change, percent Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Americas -2% 4% 6% 14% 20% Europe, Middle East and Africa 10% 3% -2% -4% -7% South East Asia, Oceania and India 12% -4% -13% -19% -17% North East Asia 15% -9% -5% -12% -8% Other 12% 5% 3% 5% -6% Total 6% 2% 0% 1% 0% 2026 2025 Rolling four quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 148,308 151,014 153,611 158,203 160,135 Cloud Software and Services 61,573 62,715 62,141 61,748 62,565 Enterprise 19,352 21,117 22,629 23,890 24,826 Other 1,754 1,835 1,928 2,023 2,054 Total 230,988 236,681 240,309 245,864 249,580 2026 2025 ===== SIDA 40 ===== 40 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Gross margin by segment by quarter EBIT margin by segment by quarter Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 49.7% 49.0% 50.0% 49.3% 50.8% Cloud Software and Services 41.5% 43.1% 42.1% 41.5% 39.1% Enterprise 48.9% 52.1% 51.6% 54.9% 56.3% Other -1.5% 7.4% 0.0% 0.4% 3.8% Total 47.2% 47.2% 47.6% 47.5% 48.2% 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 49.7% 49.7% 50.0% 50.1% 50.8% Cloud Software and Services 41.5% 41.7% 41.0% 40.4% 39.1% Enterprise 48.9% 53.9% 54.4% 55.6% 56.3% Other -1.5% 3.0% 1.5% 2.1% 3.8% Total 47.2% 47.6% 47.8% 47.8% 48.2% 2026 2025 Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 10.0% 21.1% 20.0% 17.8% 19.8% Cloud Software and Services 0.0% 16.8% 11.2% 5.8% 0.5% Enterprise -44.2% -33.3% 131.5% -15.7% -17.1% Other 0.3% 1.1% -71.5% 9.5% -35.0% Total 2.9% 16.1% 26.9% 11.4% 10.8% 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 10.0% 19.7% 19.2% 18.8% 19.8% Cloud Software and Services 0.0% 9.6% 6.2% 3.3% 0.5% Enterprise -44.2% 15.3% 28.8% -16.4% -17.1% Other 0.3% -22.3% -30.5% -12.8% -35.0% Total 2.9% 16.3% 16.4% 11.1% 10.8% 2026 2025 ===== SIDA 41 ===== 41 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures EBITA and EBITA margin by segment by quarter Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 3,315 9,348 7,096 6,397 7,367 Cloud Software and Services 9 3,368 1,726 845 76 Enterprise -1,537 -1,120 6,987 -524 -625 Other 1 5 -293 45 -166 Total 1,788 11,601 15,516 6,763 6,652 2026 2025 Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 10.1% 21.1% 20.0% 17.9% 20.7% Cloud Software and Services 0.1% 16.8% 11.2% 5.9% 0.6% Enterprise -36.9% -24.5% 138.1% -9.4% -10.5% Other 0.3% 1.1% -71.3% 9.5% -35.0% Total 3.6% 16.7% 27.6% 12.0% 12.1% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 3,315 30,208 20,860 13,764 7,367 Cloud Software and Services 9 6,015 2,647 921 76 Enterprise -1,537 4,718 5,838 -1,149 -625 Other 1 -409 -414 -121 -166 Total 1,788 40,532 28,931 13,415 6,652 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 10.1% 20.0% 19.5% 19.3% 20.7% Cloud Software and Services 0.1% 9.6% 6.2% 3.4% 0.6% Enterprise -36.9% 22.3% 35.3% -10.0% -10.5% Other 0.3% -22.3% -30.5% -12.8% -35.0% Total 3.6% 17.1% 17.3% 12.1% 12.1% 2026 2025 ===== SIDA 42 ===== 42 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Restructuring charges by function Restructuring charges by segment Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Cost of sales -435 -538 -271 -310 -158 Research and development expenses -2,595 -300 41 -300 -20 Selling and administrative expenses -738 -259 -73 -46 -103 Total -3,768 -1,097 -303 -656 -281 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Cost of sales -435 -1,277 -739 -468 -158 Research and development expenses -2,595 -579 -279 -320 -20 Selling and administrative expenses -738 -481 -222 -149 -103 Total -3,768 -2,337 -1,240 -937 -281 2026 2025 Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks -3,052 -710 -79 -109 -108  of which cost of sales -226 -270 -45 -67 -55  of which operating expenses -2,826 -440 -34 -42 -53 Cloud Software and Services -620 -349 -193 -538 -74  of which cost of sales -205 -240 -222 -243 -102  of which operating expenses -415 -109 29 -295 28 Enterprise -96 -5 -27 -9 -97  of which cost of sales -5 -1 0 0 1  of which operating expenses -91 -4 -27 -9 -98 Other 0 -33 -4 0 -2  of which cost of sales 0 -27 -4 0 -2  of which operating expenses 0 -6 0 0 0 Total -3,768 -1,097 -303 -656 -281 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks -3,052 -1,006 -296 -217 -108  of which cost of sales -226 -437 -167 -122 -55  of which operating expenses -2,826 -569 -129 -95 -53 Cloud Software and Services -620 -1,154 -805 -612 -74  of which cost of sales -205 -807 -567 -345 -102  of which operating expenses -415 -347 -238 -267 28 Enterprise -96 -138 -133 -106 -97  of which cost of sales -5 0 1 1 1  of which operating expenses -91 -138 -134 -107 -98 Other 0 -39 -6 -2 -2  of which cost of sales 0 -33 -6 -2 -2  of which operating expenses 0 -6 0 0 0 Total -3,768 -2,337 -1,240 -937 -281 2026 2025 ===== SIDA 43 ===== 43 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Adjusted gross income and Adjusted gross margin by segment Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 16,585 21,918 17,750 17,705 18,167 Cloud Software and Services 5,112 8,876 6,685 6,207 5,171 Enterprise 2,044 2,387 2,609 3,045 3,337 Other -6 62 4 2 20 Total 23,734 33,243 27,048 26,959 26,695 2026 2025 Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 50.4% 49.6% 50.1% 49.5% 51.0% Cloud Software and Services 43.2% 44.3% 43.6% 43.2% 39.9% Enterprise 49.0% 52.1% 51.6% 54.9% 56.2% Other -1.5% 13.0% 1.0% 0.4% 4.2% Total 48.1% 48.0% 48.1% 48.0% 48.5% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 16,585 75,540 53,622 35,872 18,167 Cloud Software and Services 5,112 26,939 18,063 11,378 5,171 Enterprise 2,044 11,378 8,991 6,382 3,337 Other -6 88 26 22 20 Total 23,734 113,945 80,702 53,654 26,695 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 50.4% 50.0% 50.2% 50.2% 51.0% Cloud Software and Services 43.2% 43.0% 42.3% 41.6% 39.9% Enterprise 49.0% 53.9% 54.4% 55.6% 56.2% Other -1.5% 4.8% 1.9% 2.3% 4.2% Total 48.1% 48.1% 48.2% 48.3% 48.5% 2026 2025 ===== SIDA 44 ===== 44 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Adjusted EBIT (loss) and Adjusted EBIT margin by segment Rolling four quarters of adjusted EBITA margin by segment (%) Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 6,335 10,028 7,154 6,485 7,148 Cloud Software and Services 623 3,713 1,914 1,378 145 Enterprise -1,748 -1,521 6,676 -861 -917 Other 1 38 -290 45 -164 Total 5,211 12,258 15,454 7,047 6,212 2026 2025 Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 19.2% 22.7% 20.2% 18.1% 20.1% Cloud Software and Services 5.3% 18.5% 12.5% 9.6% 1.1% Enterprise -41.9% -33.2% 132.0% -15.5% -15.5% Other 0.3% 8.0% -70.6% 9.5% -34.6% Total 10.6% 17.7% 27.5% 12.6% 11.3% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 6,335 30,815 20,787 13,633 7,148 Cloud Software and Services 623 7,150 3,437 1,523 145 Enterprise -1,748 3,377 4,898 -1,778 -917 Other 1 -371 -409 -119 -164 Total 5,211 40,971 28,713 13,259 6,212 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 19.2% 20.4% 19.5% 19.1% 20.1% Cloud Software and Services 5.3% 11.4% 8.1% 5.6% 1.1% Enterprise -41.9% 16.0% 29.6% -15.5% -15.5% Other 0.3% -20.2% -30.1% -12.6% -34.6% Total 10.6% 17.3% 17.2% 11.9% 11.3% 2026 2025 Rolling four quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 20.3% 20.7% 20.4% 20.4% 19.3% Cloud Software and Services 12.4% 11.4% 8.5% 6.1% 4.0% Enterprise 20.4% 23.0% 21.2% -12.6% -15.0% Other -11.7% -20.2% -46.5% -30.4% -35.5% Total 18.0% 18.1% 16.8% 13.2% 11.6% 2026 2025 ===== SIDA 45 ===== 45 Ericsson | First quarter report 2026. April 17, 2026. Alternative performance measures Adjusted EBITA and Adjusted EBITA margin by segment Operating working capital days Inventory turnover days (ITO): Five quarter average inventory divided by four quarter rolling absolute value of cost of sales excluding restructuring charges multiplied by 365, expressed as number of days. Days sales outstanding (DSO): Five quarter average of contract assets, trade receivables and customer finance (current and non-current) less contract liabilities divided by four quarter rolling net sales multiplied by 365, expressed as number of days. Days payables outstanding (DPO): Five quarter average of advances to suppliers and prepaid expenses less trade payables divided by four quarter rolling absolute value of cost of sales excluding restructuring charges multiplied by 365, expressed as number of days. Operating working capital days: ITO plus DSO less DPO Isolated quarters, SEK million Q1 Q4 Q3 Q2 Q1 Networks 6,367 10,058 7,175 6,506 7,475 Cloud Software and Services 629 3,717 1,919 1,383 150 Enterprise -1,441 -1,115 7,014 -515 -528 Other 1 38 -289 45 -164 Total 5,556 12,698 15,819 7,419 6,933 2026 2025 Isolated quarters, as percentage of net sales Q1 Q4 Q3 Q2 Q1 Networks 19.3% 22.8% 20.3% 18.2% 21.0% Cloud Software and Services 5.3% 18.6% 12.5% 9.6% 1.2% Enterprise -34.6% -24.4% 138.7% -9.3% -8.9% Other 0.3% 8.0% -70.3% 9.5% -34.6% Total 11.3% 18.3% 28.1% 13.2% 12.6% 2026 2025 Year to date, SEK million Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 6,367 31,214 21,156 13,981 7,475 Cloud Software and Services 629 7,169 3,452 1,533 150 Enterprise -1,441 4,856 5,971 -1,043 -528 Other 1 -370 -408 -119 -164 Total 5,556 42,869 30,171 14,352 6,933 2026 2025 Year to date, as percentage of net sales Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Networks 19.3% 20.7% 19.8% 19.6% 21.0% Cloud Software and Services 5.3% 11.4% 8.1% 5.6% 1.2% Enterprise -34.6% 23.0% 36.1% -9.1% -8.9% Other 0.3% -20.2% -30.0% -12.6% -34.6% Total 11.3% 18.1% 18.0% 12.9% 12.6% 2026 2025 Q1 Q4 Q3 Q2 Q1 Inventory turnover days (ITO) 80 79 80 80 81 Days sales outstanding (DSO) 9 12 11 14 17 Less: Days payables outstanding (DPO) 70 71 68 66 64 Operating working capital days 19 20 23 28 34 2026 2025