Nordic Semiconductor ASA

NOD

Equity

ISIN NO0003055501 / Valor 440145

Oslo Stock Exchange (2025-12-19)

NOK 128.30+0.94%

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

Revenue and growth

Q2 2025 revenue was USD 164.1m, up 28.2% versus Q2 2024; H1 2025 revenue was USD 319.1m (+57.6% YoY). Short-range products drove the bulk of sales (USD 154.3m, 94% of Q2 revenue); Long‑range was USD 7.5m (5% share).

Profitability

Gross margin improved to 50.7% in Q2 (up 8.7 pp YoY). EBITDA was USD 20.8m (12.7% margin) vs. negative USD 7.2m in Q2 2024. EBIT was USD 11.4m and reported net profit after tax USD 10.1m for Q2.

Segments and end markets

Consumer accounted for 61% of Q2 revenue (USD 100.3m), Industrial & Healthcare 36% (USD 59.2m), Other 2%. Top 10 customers represented ~58% of revenue over the last 12 months, underlining some customer concentration risk.

Balance sheet and cash flow

Cash and cash equivalents were USD 335.5m at 30 June 2025. Total equity USD 575.5m (69.4% equity ratio). Net working capital fell to USD 142.7m (22.7% of LTM revenue). Operating cash flow in Q2 was USD 46.9m; capex and capitalized development totaled ~USD 13.2m of investing outflows in Q2.

Inventory and receivables

Inventory decreased to USD 135.9m (from USD 170.4m a year earlier). Accounts receivable improved to USD 66.1m (from USD 106.3m), reflecting better collection and working capital management.

R&D and operating costs

R&D cash spend was USD 36.9m in Q2 2025 (down from USD 40.2m Q2 2024). Nordic capitalized USD 4.2m of development in Q2. Total operating expenses excluding D&A were USD 62.4m in Q2.

Acquisitions and strategic moves

Nordic acquired Memfault (cloud platform) and core TinyML technology from Neuton.AI, pushing the company toward a chip-to-cloud and edge-AI strategy. Memfault had ARR of USD 7.2m at end‑2024 (expected to grow >50% in 2025). Nordic also expanded US commercial reach via a Victory Sales partnership.

Outlook and targets

Guidance for Q3 2025 revenue is USD 165–185m, with gross margin expected around 50%. Nordic reiterates long‑term ambitions: average annual revenue growth >20% through the decade and a target EBITDA margin of ~25% within five years, while maintaining gross margin above 50%.

Risks noted

The report highlights typical semiconductor risks: customer concentration, cyclical demand, supply-chain and geopolitical exposure, foreign-exchange impact (payroll in NOK/EUR vs. revenue in USD), and increased cost base from recent acquisitions.

Summarized from source with an LLMView Source

Key figures

29.1%1Y

-24.5%3Y

-2.06%5Y

Performance

47.0%1Y

55.7%3Y

53.7%5Y

Volatility