Hollsteen

Ericsson · customer concentration

Who are Ericsson’s biggest customers?

Largest customer: approximately 14% *

Share of FY2025 revenue.

Largest customer (unnamed)14%10% disclosure line

The filing does not name this customer. Hollsteen never guesses names.

“In 2025, Ericsson’s largest customer represented approximately 14% of the Company’s net sales, and its ten largest customers accounted for 46% of net sales.” *

Numbers, method and sources

Quote

20-F · filed Mar 12, 2026

Share of revenue per customer, as the filing states it. US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.

Source: the filing’s tagged data (XBRL ConcentrationRiskPercentage, benchmark revenue), or the filing text where a share is not tagged.

FY2025

  • Largest customer (unnamed) approximately 14%

    Quoted above.

FY2024

SEC filings only. No market data.

Is Ericsson getting more dependent on one customer?

Largest disclosed customer, by fiscal year

13%FY202414%FY2025

All Ericsson facts from SEC filingsAll companies’ customers