Swedish telecom equipment maker Ericsson reported a 20% year‑on‑year drop in adjusted EBITA for the first quarter of 2026, missing analyst forecasts. The decline stems from a sharp pull‑back in North American network investment, rising semiconductor costs linked to AI demand and restructuring charges tied to a planned 1,200‑job cut in Sweden. Despite weaker performance in the Americas, sales rose in Europe, Asia and other regions, and the Cloud Software and Services unit posted higher margins. Read more →