Ericsson reported net sales of approximately SEK 263 billion ($24.5 billion) for fiscal year 2024, down 7% year over year as telecom operators cut capital spending after a surge of 5G rollout investments. The company has been restructuring to offset weakness in its Networks segment with growth in managed services and enterprise solutions.
Ericsson Revenue
Ericsson Annual Revenue
| Year | Revenue (USD equiv.) | YoY Change |
|---|---|---|
| 2015 | $28.7B | — |
| 2016 | $24.4B | −15.0% |
| 2017 | $22.7B | −7.0% |
| 2018 | $22.6B | −0.4% |
| 2019 | $24.2B | +7.1% |
| 2020 | $25.7B | +6.2% |
| 2021 | $26.6B | +3.5% |
| 2022 | $27.9B | +4.9% |
| 2023 | $26.3B | −5.7% |
| 2024 | $24.5B | −6.8% |