Ericsson

ERIC

Market cap $31.6B

The funds will go to speed up development of AI and mobile-network technologies, building on an agreement the company currently has with the Canadian government.

Three-year partnership strengthens Canadian innovation in 5G, Cloud RAN, AI, and quantum technologies while supporting domestic supply chains and global growth OTTAWA, ON , Oct. 15, 2025 /PRNewswire/ -- Ericsson today announced the signing of a USD $3 billion partnership agreement with Export Development Canada (EDC) to expand investment in Canadian research and development, deepen domestic supply chains, and accelerate next-generation technologies including 5G, Cloud RAN, AI, and quantum innovation. Börje Ekholm, President and CEO, Ericsson, says: "Canada is one of Ericsson's most important hubs for global research and development, and this partnership with Export Development Canada will allow us to scale that leadership even further.

Ericsson (NASDAQ: ERIC) shares surged sharply on Tuesday after the Swedish telecom and software services provider posted quarterly earnings that exceeded analyst expectations. The company's stronger-than-expected third-quarter results, combined with management's upbeat outlook and comments on shareholder returns, drove a rally of nearly 20% in its US-listed shares.

Shares of Telefonaktiebolaget LM Ericsson (ERIC 20.38%) soared on Tuesday, while Wall Street suffered. The S&P 500 (^GSPC 0.29%) index was down as much as 1.5% shortly after the opening bell, but the Swedish telecom equipment giant had gained 20.6% by 1 p.m.

ERIC posts strong Q3 earnings as cost reduction efforts and operating efficiencies lift margins despite regional weakness.

LONDON--(BUSINESS WIRE)-- #Ericsson--Teragence has joined Ericsson's Enterprise Wireless Solutions TAP program to deliver cost-effective indoor wireless coverage assessments.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q3 2025 Earnings Call October 14, 2025 3:00 AM EDT Company Participants Daniel Morris - Head of Investor Relations Borje Ekholm - President, CEO, Head of Segment Enterprise & Director Lars Sandstrom - Senior VP, Head of Group Function Finance & CFO Conference Call Participants Andrew Gardiner - Citigroup Inc., Research Division Erik Lindholm-Rojestal - SEB, Research Division Sébastien Sztabowicz - Kepler Cheuvreux, Research Division Andreas Joelsson - DNB Carnegie, Research Division Sandeep Deshpande - JPMorgan Chase & Co, Research Division Daniel Djurberg - Handelsbanken Capital Markets AB, Research Division Jakob Bluestone - BNP Paribas Exane, Research Division Felix Henriksson - Nordea Markets, Research Division Ulrich Rathe - Sanford C. Bernstein & Co., LLC.

Ericsson's CEO hinted that there may be higher dividends or share buybacks coming.

STOCKHOLM , Oct. 14, 2025 /PRNewswire/ -- Strategic highlights – operational excellence and enhanced financial flexibility   Strong commercial momentum with significant customer agreements including in India, Japan and the UK.   Operational excellence and cost efficiency actions driving gross margins to strong sustainable levels.

Continuing cost-saving efforts boosted profitability and results also benefited from the $1 billion sale of its Iconectiv connectivity services business.