A multilayer capacitor includes a pair of external electrodes each having an end face portion; a first principal face extending portion; a second principal face extending portion; a first side face extending portion; and a second side face extending portion. The pair of external electrodes each includes a base electrode and a metallic layer. The metallic layer includes a first metallic layer and a second metallic layer located outside the first metallic layer. An intermetallic compound layer is located outside the first metallic layer, and is exposed from the second metallic layer in a ridge portion lying between the end face portion and the first principal face extending portion, a ridge portion lying between the first side face extending portion and the first principal face extending portion, and a ridge portion lying between the second side face extending portion and the first principal face extending portion.