• Ericsson average gross margin for 2023 was 39.61%, a 6.93% increase from 2022.
• Ericsson average gross margin for 2022 was 42.56%, a 0.61% decline from 2021.
• Ericsson average gross margin for 2021 was 42.3%, a 9.08% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.