Ericsson Repurchases 9.4 Million Shares as Part of Ongoing Buyback Program
Ericsson repurchased 9.37 million Class B shares during the week of September 28 through October 2, 2026, spending approximately 872 million Swedish kronor at a weighted average price of 93.09 kronor per share. The purchases are part of the company's larger buyback program of up to 15 billion kronor authorized to run through March 2027. Ericsson now holds approximately 117.9 million treasury shares, with the board planning to propose cancellation of most repurchased shares at the 2027 annual meeting.
Ericsson executed the repurchases across five trading days in late September and early October 2026 through Goldman Sachs on the Nasdaq Stockholm exchange. Share prices during the period ranged from approximately 91.77 to 93.76 kronor, with daily volumes between 1.8 and 1.9 million shares. The company now holds roughly 3.5 percent of its total outstanding shares as treasury stock.
The board's plan to cancel most repurchased shares at next year's annual meeting represents a permanent reduction in share count, which could affect earnings-per-share calculations and ownership percentages among remaining shareholders. Shares retained for employee incentive programs will escape cancellation.
Share buybacks may influence investor perception of management confidence in company valuation and future prospects. The reduction in outstanding shares could benefit remaining shareholders through improved per-share metrics, though it also represents capital deployment that some investors might view as an alternative use of company resources. The program's execution through a major investment bank under EU regulations demonstrates compliance oversight, potentially affecting how market participants assess corporate governance practices across the telecom sector.