In the first quarter of 2026, Ericsson India reported a 29% increase in revenue, reaching ₹4,228 crore compared to ₹3,272 crore in the same quarter the previous year. This growth reflects the company's strong performance in the Indian market, which contributed 8% to its consolidated revenue, up from 7% a year earlier. Globally, Ericsson's net sales grew 6% organically to 49.3 billion Swedish Krona (SEK), although reported growth declined 10% year-on-year due to foreign exchange impacts. The company attributes its success to increased demand for network modernization and 5G rollouts across Europe, the Middle East, and Africa, with India being a significant driver of this growth. However, Ericsson is also facing challenges such as rising semiconductor costs driven by AI demand and geopolitical uncertainties. CEO Borje Ekholm expressed confidence in the company's ability to navigate these challenges through strategic investments and efficiency measures.