Nordic Semiconductor ASA

NOD

Equity

ISIN NO0003055501 / Valor 440145

Oslo Stock Exchange (2026-04-24)

NOK 188.20+0.05%

Nordic Semiconductor ASA
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About company

Nordic Semiconductor ASA specializes in low-power wireless communication solutions tailored for the Internet of Things (IoT) market. The company offers a comprehensive range of system-on-chip (SoC) and system-in-package (SiP) products, including the nRF54L15, nRF9160, nRF52840, and nPM1100, which support technologies such as Bluetooth Low Energy, cellular, and GNSS connectivity. These products are designed to deliver high performance with minimal power consumption, making them ideal for applications in home automation, smart lighting, wearable devices, and other connected technologies. Nordic also provides extensive development tools, technical support, and integration resources, facilitating the deployment of their solutions by partners and clients across various industries. By focusing on energy-efficient and reliable wireless communication, Nordic Semiconductor plays a crucial role in advancing connected device ecosystems worldwide.

Summarized from source with an LLMView SourceSector: Technology

Top-line

Q4 2025 revenue USD 169.5m (+12.9% y/y; -5% seq.), full‑year 2025 revenue USD 667.6m (+30.5% y/y). Short‑range remains dominant (Q4 short‑range USD 158.3m; 93% of Q4 revenue). Long‑range revenue was USD 8.7m in Q4 and doubled to USD 33.6m for FY2025.

Profitability

Q4 gross profit USD 93.1m; reported gross margin 54.9% (adjusted 52.0% after excluding a ~USD 5m partial reversal of a prior inventory write‑down). Q4 EBITDA USD 15.0m (adj. EBITDA USD 12.7m). Full‑year EBITDA USD 66.3m (adjusted USD 66.5m). Q4 net profit after tax USD 4.2m; FY net profit USD 16.4m.

Cash, liquidity and capital structure

Cash and cash equivalents USD 307.4m at 31 Dec 2025. Equity USD 679.6m, equity ratio 69.1%. Nordic raised gross proceeds of NOK 1,050m (~USD 105m) via a share issue in 2025, has an outstanding NOK 1.0bn bond (~USD 99m) and an undrawn USD 200m revolving credit facility (new RCF maturing Jan 2029).

Operating costs, capex and capitalized R&D

Q4 operating expenses (ex D&A) USD 78.1m (+19.9% y/y). Q4 capital expenditures ≈USD 5.0m and capitalized development expenses USD 6.0m. Q4 depreciation, amortization & impairments USD 13.4m (including a USD 2.0m write‑down on a capitalized R&D project).

Strategic M&A, product and tech advances

Acquired Memfault (chip‑to‑cloud/device monitoring) and Neuton (edge AI); introduced/expanded nRF54 Series (including nRF54LV10A) and announced an ultra‑low‑power edge AI SoC (nRF54LM20B with integrated NPU announced Jan 2026). nRF9151 modules certified on Skylo’s satellite network and multiple nRF54‑based customer launches.

Market traction & ecosystem

Nordic estimates ~32% share of new Bluetooth SIG design certifications in Q4 and full year 2025 (460 of 1,438 new designs in 2025 featured Nordic). Q4 revenue by end market: Consumer 59%, Industrial & Healthcare 37%, Other 4%.

Outlook

Q1 2026 revenue guidance USD 175–195m. Gross margin expected above 50% in Q1 2026. Nordic reiterates long‑term ambitions: average annual revenue growth >20% (from 2024 through end of decade) and a target operating model of ~25% EBITDA margin.

Adjustments and one‑offs to note

Reported vs adjusted results reflect (1) a partial reversal (~USD 5m) of a prior inventory write‑down that lifted reported gross margin in Q4, (2) share‑based remuneration related to the Memfault acquisition that affects adjusted EBITDA, and (3) Q4 impairments/dep/amortization items (incl. a USD 2.0m R&D write‑down) that influenced D&A and EBIT.

Summarized from source with an LLMView Source

Key figures

59.0%1Y

67.1%3Y

-1.72%5Y

Performance

45.6%1Y

54.9%3Y

53.8%5Y

Volatility