Ericsson Q2 Outlook Flags Macro Uncertainty; Cloud Growth Above Seasonality, Networks In Line; Margins Seen At 49%–51%, Restructuring Charges Elevated

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

Restructuring charges Restructuring charges for 2026 are expected to be at elevated levels.