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Telefonaktiebolaget LM Ericsson (publ) (ERIC) Revenue & Revenue Breakdown

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Telefonaktiebolaget LM Ericsson (publ) Revenue Highlights

Latest Revenue (Y)

$263.35B

Latest Revenue (Q)

$61.79B

Main Segment (Y)

Services

Main Geography (Y)

UNITED STATES

Telefonaktiebolaget LM Ericsson (publ) Revenue by Period

Telefonaktiebolaget LM Ericsson (publ) Revenue by Year

DateRevenueChange
2023-12-31$263.35B-3.02%
2022-12-31$271.55B16.89%
2021-12-31$232.31B-0.03%
2020-12-31$232.39B2.28%
2019-12-31$227.22B7.77%
2018-12-31$210.84B4.74%
2017-12-31$201.30B-9.57%
2016-12-31$222.61B-9.85%
2015-12-31$246.92B8.31%
2014-12-31$227.98B0.27%
2013-12-31$227.38B-0.18%
2012-12-31$227.78B0.38%
2011-12-31$226.92B11.59%
2010-12-31$203.35B192.21%
2009-12-31$69.59B-

Telefonaktiebolaget LM Ericsson (publ) generated $263.35B in revenue during NA 2023, up -3.02% compared to the previous quarter, and up 124.91% compared to the same period a year ago.

Telefonaktiebolaget LM Ericsson (publ) Revenue by Quarter

DateRevenueChange
2024-09-30$61.79B3.25%
2024-06-30$59.85B12.23%
2024-03-31$53.33B-25.81%
2023-12-31$71.88B11.49%
2023-09-30$64.47B0.05%
2023-06-30$64.44B3.02%
2023-03-31$62.55B-27.25%
2022-12-31$85.98B26.37%
2022-09-30$68.04B8.92%
2022-06-30$62.47B13.45%
2022-03-31$55.06B-22.81%
2021-12-31$71.33B26.78%
2021-09-30$56.26B2.41%
2021-06-30$54.94B10.37%
2021-03-31$49.78B-28.47%
2020-12-31$69.59B21.09%
2020-09-30$57.47B3.41%
2020-06-30$55.58B11.71%
2020-03-31$49.75B-25.04%
2019-12-31$66.37B16.18%
2019-09-30$57.13B4.23%
2019-06-30$54.81B12.07%
2019-03-31$48.91B-23.36%
2018-12-31$63.81B18.58%
2018-09-30$53.81B8.03%
2018-06-30$49.81B14.74%
2018-03-31$43.41B-24.11%
2017-12-31$57.20B19.67%
2017-09-30$47.80B-4.29%
2017-06-30$49.94B7.70%
2017-03-31$46.37B-28.90%
2016-12-31$65.22B27.68%
2016-09-30$51.08B-5.60%
2016-06-30$54.11B3.64%
2016-03-31$52.21B-29.03%
2015-12-31$73.57B24.35%
2015-09-30$59.16B-2.49%
2015-06-30$60.67B13.36%
2015-03-31$53.52B-21.28%
2014-12-31$67.99B17.94%
2014-09-30$57.64B5.09%
2014-06-30$54.85B15.46%
2014-03-31$47.51B-29.13%
2013-12-31$67.03B26.52%
2013-09-30$52.98B-4.25%
2013-06-30$55.33B6.34%
2013-03-31$52.03B-22.27%
2012-12-31$66.94B22.71%
2012-09-30$54.55B-1.39%
2012-06-30$55.32B8.52%
2012-03-31$50.97B-19.94%
2011-12-31$63.67B14.68%
2011-09-30$55.52B1.37%
2011-06-30$54.77B3.41%
2011-03-31$52.97B-15.64%
2010-12-31$62.78B32.23%
2010-09-30$47.48B-1.02%
2010-06-30$47.97B6.34%
2010-03-31$45.11B-22.66%
2009-12-31$58.33B-

Telefonaktiebolaget LM Ericsson (publ) generated $61.79B in revenue during Q3 2024, up 3.25% compared to the previous quarter, and up 95.89% compared to the same period a year ago.

Telefonaktiebolaget LM Ericsson (publ) Revenue Breakdown

Telefonaktiebolaget LM Ericsson (publ) Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Hardware$99.64B$119.22B$106.40B$96.29B$86.13B
Services$104.59B$97.52B$80.12B$86.20B$93.05B
Software$59.12B$54.81B$45.80B$49.89B$48.04B

Telefonaktiebolaget LM Ericsson (publ)'s latest annual revenue breakdown by segment (product or service), as of Dec 23: Services (39.71%), Hardware (37.84%), and Software (22.45%).

Telefonaktiebolaget LM Ericsson (publ) Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
CHINA$10.72B$10.52B$15.86B--
North East Asia$23.93B$26.73B$26.40B--
SWEDEN$1.77B$3.24B$589.00M--
UNITED STATES$85.31B$109.71B$73.28B--
INDIA$31.20B$10.96B---
European Union1$34.26B$35.86B$35.73B--
JAPAN$10.14B$9.96B---
Middle East And Africa$23.74B$22.57B$25.52B--
North America$59.23B$95.39B$70.22B--
Other Regions$38.25B$27.11B$16.29B--
CROATIA--$400.00K$400.00M-

Telefonaktiebolaget LM Ericsson (publ)'s latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (26.78%), North America (18.59%), Other Regions (12.01%), European Union1 (10.75%), INDIA (9.80%), North East Asia (7.51%), Middle East And Africa (7.45%), CHINA (3.36%), JAPAN (3.18%), and SWEDEN (0.56%).

Telefonaktiebolaget LM Ericsson (publ) Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ERICTelefonaktiebolaget LM Ericsson (publ)$263.35B$61.79B
NOKNokia Oyj$22.26B$4.67B
CCICrown Castle$6.98B$1.65B
MRVLMarvell$5.51B$1.52B
SWKSSkyworks Solutions$4.18B$905.50M
QRVOQorvo$3.77B$1.05B

ERIC Revenue FAQ

What is Telefonaktiebolaget LM Ericsson (publ)’s yearly revenue?

Telefonaktiebolaget LM Ericsson (publ)'s yearly revenue for 2023 was $263.35B, representing a decrease of -3.02% compared to 2022. The company's yearly revenue for 2022 was $271.55B, representing an increase of 16.89% compared to 2021. ERIC's yearly revenue for 2021 was $232.31B, representing a decrease of -0.03% compared to 2020.

What is Telefonaktiebolaget LM Ericsson (publ)’s quarterly revenue?

Telefonaktiebolaget LM Ericsson (publ)'s quarterly revenue for Q3 2024 was $61.79B, a 3.25% increase from the previous quarter (Q2 2024), and a -4.16% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $59.85B, a 12.23% increase from the previous quarter (Q1 2024), and a -7.13% decrease year-over-year (Q2 2023). ERIC's quarterly revenue for Q1 2024 was $53.32B, a -25.81% decrease from the previous quarter (Q4 2023), and a -14.75% decrease year-over-year (Q1 2023).

What is Telefonaktiebolaget LM Ericsson (publ)’s revenue growth rate?

Telefonaktiebolaget LM Ericsson (publ)'s revenue growth rate for the last 3 years (2021-2023) was 13.36%, and for the last 5 years (2019-2023) was 15.90%.

What are Telefonaktiebolaget LM Ericsson (publ)’s revenue streams?

Telefonaktiebolaget LM Ericsson (publ)'s revenue streams in c 23 are Hardware, Services, and Software. Hardware generated $99.64B in revenue, accounting 37.84% of the company's total revenue, down -16.42% year-over-year. Services generated $104.59B in revenue, accounting 39.71% of the company's total revenue, up 7.24% year-over-year. Software generated $59.12B in revenue, accounting 22.45% of the company's total revenue, up 7.87% year-over-year.

What is Telefonaktiebolaget LM Ericsson (publ)’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Telefonaktiebolaget LM Ericsson (publ) was Services. This segment made a revenue of $104.59B, representing 39.71% of the company's total revenue.