NEW DELHI: Ericsson reported a steady performance for the first quarter of 2026, with India emerging as a key growth driver amid broader global expansion.

The company recorded organic sales growth of 6% year-on-year, led by its Networks business, as demand strengthened across regions. In the South East Asia, Oceania, and India market area, sales rose 12% year-on-year, primarily driven by higher deliveries in India.

India ranked second among Ericsson’s top five markets, contributing 8% to total net sales, just behind the United States.

Despite currency headwinds, Ericsson posted reported sales of SEK 49.3 billion, while adjusted gross margin stood at 48.1%. Net income declined to SEK 0.9 billion due to restructuring charges and currency impacts, compared to SEK 4.2 billion in the same period last year. However, free cash flow before mergers and acquisitions more than doubled to SEK 5.9 billion, reflecting stronger operational efficiency.

The company also announced strategic advancements, including the launch of AI-native radios at the Mobile World Congress, reinforcing its technology leadership. Additionally, Ericsson’s board approved a share buyback program of up to SEK 15 billion, set to begin on April 23, 2026.

Commenting on the results, Börje Ekholm said the company’s performance highlights resilience in a challenging global environment, supported by a diversified supply chain and consistent customer delivery.

Looking ahead, Ericsson expects the global Radio Access Network (RAN) market to remain flat but remains confident of outpacing industry growth through its focused strategy, expanding enterprise offerings, and strengthened position in mission-critical networks.