Analysts expect Telefonaktiebolaget LM Ericsson to report Q1 2026 revenue of $5.16 billion and consensus earnings per share of $0.12, while the current stock price of $6.92 sits roughly 15% below the average analyst price target of $8.15. The primary focus for investors this quarter is the recovery of the North American 5G infrastructure market and the execution of the high-profile Open RAN partnership with AT&T.
Market sentiment remains cautiously optimistic that mobile network demand has bottomed out, with analysts looking for stabilizing equipment sales to signal a broader cyclical rebound. Continued cost-efficiency measures and performance in the Enterprise segment will also be critical in determining if Ericsson can achieve its targeted margin expansion in a high-interest rate environment.