0834 GMT - Ericsson's second-quarter sales came in below expectations, with the miss coming mainly from networks, Jefferies analyst Janardan Menon writes. "This seems to have been mainly due to the timing of deliveries in India, with guidance for a stronger-than-seasonal Q3 as these deliveries are implemented." Ericsson notched down its networks gross margin guidance to a mid-point of 49%, from 50.4% in the second-quarter, with the headwind being mainly a higher proportion of network roll-out projects. However, steadily rising component prices could have a bigger impact on the fourth-quarter gross margin, depending on the level of success in mitigating actions including price increases, Jefferies says. It is unclear whether network roll-out will remain a headwind in the fourth quarter. Shares fall 7.9%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 04:35 ET (08:35 GMT)

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