Nordic Semiconductor ASA

NOD

Equity

ISIN NO0003055501 / Valor 440145

Oslo Stock Exchange (2025-03-28)

NOK 128.00-1.31%

Nordic Semiconductor ASA
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About company

Nordic Semiconductor ASA is a leading provider of low-power wireless communication solutions, specializing in maximizing Wi-Fi's low-power potential for various applications such as home automation, smart lighting, and other IoT devices. The company's software development kit and hardware development tools make it easy to build prototypes for smart home solutions, including the latest Matter connectivity standard. Nordic Semiconductor also offers solutions for cellular IoT, DECT NR+, Wi-Fi, and PMIC, showcasing its expertise in providing reliable and secure connectivity for a wide range of applications. With a focus on ultra-low-power wireless technology, Nordic Semiconductor's products, such as the nRF9160 SiP and nRF5340 SoC, are designed to meet industrial grade operating temperature requirements and provide efficient connectivity solutions for battery-powered devices. Additionally, the company is known for its excellent brand reputation and rapid technical support, making it a preferred partner for businesses looking to develop cutting-edge wireless solutions.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the third quarter of 2024, Nordic Semiconductor ASA reported a revenue of USD 158.8 million, marking an 18% increase from USD 135.0 million in Q3 2023. This growth reflects a stabilizing market and increased demand from key customers, particularly in the consumer electronics sector. The company also noted a sequential improvement from Q2 2024, supported by seasonal demand.

Gross Margin and EBITDA

Nordic Semiconductor ASA achieved a gross margin of 49.5% in Q3 2024, slightly down from 50.5% in Q3 2023. The reported EBITDA for the quarter was USD 16.2 million, representing a 25.8% increase from USD 12.8 million in the same period last year. This improvement in EBITDA highlights the company's operational efficiency and cost management strategies.

Product Launches

During Q3 2024, Nordic Semiconductor ASA launched the nRF9151 SiP, which is 20% smaller and more energy-efficient than its predecessors. This new product sets new standards in the cellular IoT market, enhancing Nordic's competitive edge. The company is also preparing to launch the nRF54 Series, expected to drive future growth in the short-range business.

Revenue by Technology

Bluetooth technology accounted for 90% of Nordic Semiconductor ASA's total revenue in Q3 2024, amounting to USD 143.1 million. This represents a 19% year-on-year increase. Proprietary wireless solutions contributed USD 12.1 million, while long-range (cellular IoT) revenue was USD 2.5 million, reflecting a decline due to reduced inventories at distributors.

Market Outlook

Looking ahead, Nordic Semiconductor ASA anticipates demand to follow historical seasonal patterns, with a potential sequential decline in Q4 2024. However, the company remains optimistic about its growth prospects, driven by new product launches and increased design activity in the IoT market. The upcoming nRF54 Series is expected to be a significant growth driver.

``` Summarized from source with an LLMView Source

Key figures

49.2%1Y

-45.5%3Y

216%5Y

Performance

59.9%1Y

57.4%3Y

54.0%5Y

Volatility