Overview

• Diluted EPS reached 3.33 SEK (about $0.35) and revenue came in at SEK 56.2 billion (~$5.91 billion), both topping estimates, and shares rose about 14% in premarket trading.
• Adjusted gross margin improved to 48.1% and adjusted EBIT margin to 27.5%, supported by cost efficiencies and a one-time gain tied to the iconectiv divestment.
• The iconectiv sale boosted the net cash position to SEK 51.9 billion as of Sept. 30, providing scope for increased shareholder distributions, according to the CEO.
• Cloud Software and Services grew 3% as Networks sales fell 11% and Enterprise dropped 20%, with regional declines led by the Americas (-15%) and partial growth in North East Asia (+4%).
• Management expects Networks adjusted gross margin of 49%–51% for the coming quarter and sales patterns in line with three-year seasonality, while cautioning on potential tariff changes and broader macro uncertainty.