Telefonaktiebolaget LM Ericsson reported SEK 123B of remaining performance obligations at 31 Dec 2025, down 9% from a year earlier. That is 0.5 years of trailing revenue already under contract.
Over the last twelve months it turned about 176% of its opening backlog into revenue (12-month conversion).
Twelve-month book-to-bill: 0.95, i.e. 0.95 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -4 points — revenue is catching up with orders.
Telefonaktiebolaget LM Ericsson backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in SEK. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Dec 2025
SEK 123B
SEK 237B
0.5 yrs
n/a
31 Dec 2024
SEK 134B
SEK 248B
0.5 yrs
n/a
31 Dec 2023
SEK 133B
SEK 263B
0.5 yrs
n/a
31 Dec 2022
SEK 170B
SEK 272B
0.6 yrs
n/a
31 Dec 2021
SEK 138B
SEK 232B
0.6 yrs
n/a
31 Dec 2020
SEK 93.9B
SEK 232B
0.4 yrs
n/a
31 Dec 2019
SEK 101B
SEK 227B
0.4 yrs
n/a
31 Dec 2018
SEK 105B
SEK 211B
0.5 yrs
n/a
Questions
What is Telefonaktiebolaget LM Ericsson's backlog?
Telefonaktiebolaget LM Ericsson reported SEK 123B of remaining performance obligations at 31 Dec 2025, down 9% from a year earlier. That is 0.5 years of trailing revenue already under contract.
How fast does Telefonaktiebolaget LM Ericsson's backlog turn into revenue?
Over the last twelve months Telefonaktiebolaget LM Ericsson recognised revenue equal to about 176% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.