Ericsson Q3 profit falls 49% despite higher sales
India, Oct. 15 -- Ericsson's network business recorded growth in the third quarter of 2026, supported by project deliveries in India and Japan, as the Swedish telecom equipment maker reported a 7% year-on-year increase in organic sales. The results come as the company prepares to reorganise its regional operations and faces higher component costs that could weigh on margins in 2027.
In a separate announcement on 15 October, Ericsson said it would combine its North East Asia and South East Asia, Oceania and India market areas into a single Asia-Pacific (APAC) unit from 1 January 2027. Patrick Johansson, currently head of the Europe, Middle East and Africa market area, will lead the new unit.
The restructuring is intended to simplify the ...
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