Ericsson Reports Strong Q3 Earnings Driven by North American Sales Surge

The Swedish telecom giant sees signs of market stabilization as demand for 5G gear rebounds in North America.

Ericsson's third-quarter earnings and revenue exceeded analyst expectations, fueled by a 51% increase in North American sales.
The company's U.S.-listed shares rose over 11%, reaching their highest level in more than two years.
Ericsson secured a $14 billion contract with AT&T to upgrade its 5G network, contributing to the sales boost.
Despite a 4% decline in overall revenue, Ericsson's adjusted core earnings significantly surpassed forecasts.
While North America shows recovery, other markets such as Europe and Latin America remain flat or declining.