The mobile telecom equipment maker now aims for net sales of 210-220 billion Swedish crowns ($23.3-24.4 billion), up from earlier guidance of 190-200 billion.
After years of crisis, the Swedish firm has seen a tentative recovery this year, leaving several analysts expecting an upgrade to its sales forecast at its capital markets day.
Ericsson, whose pummeled stock has risen 50 percent this year as its restructuring begins to pay off, is due to hold presentations for investors and analysts in New York on Thursday.
"As the industry moves to 5G and IoT we are now preparing to take the next step to generate profitable growth in a selective and disciplined way."
Ericsson kept its 2020 operating margin target, excluding restructuring, of more than 10 percent, adding its long-term target of at least 12 percent would be reached no later than 2022.
Analysts on average expect a reported operating margin of 10.3 percent in 2020 on sales of 209 billion crowns, according to Refinitiv data.
($1 = 9.0101 Swedish crowns)
(Reporting by Philip George in Bengaluru and Niklas Pollard in Stockholm; additional reporting by Helena Soderpalm; editing by Subhranshu Sahu and Jason Neely)
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