Norway · Delayed Price · Currency is NOK Nordic Semiconductor ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw 31% growth over 2024, driven by strong demand and new product launches, with gross margin at 52%. The company targets over 20% annual revenue growth through the decade, focusing on product innovation, software integration, and expanding both Short-range and Long-range IoT segments.
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Q4 2025 saw 13% revenue growth and margin improvement, with strong performance in industrial and healthcare, and continued momentum in new product launches and cloud services. Guidance for Q1 2026 implies ~20% YoY growth, with gross margin expected above 50%.
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Q3 revenue and gross margin exceeded guidance, driven by established products and new launches. Broad market and key customers contributed equally to growth, with new products expected to ramp through 2026. Channel and inventory levels remain healthy, and capital investments are accelerating.
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Q3 2025 revenue grew 13% year-over-year to $179 million, with gross margin improving to 52% and strong contributions from both short- and long-range segments. Integration of Memfault boosted cloud services, and new product launches are set to drive growth in 2026.
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Q2 2025 saw 28% year-on-year revenue growth to $164M, with gross margin at 51% and EBITDA at $21M. Guidance for Q3 is $165M–$185M, supported by broad-based recovery, new product launches, and recent acquisitions, while risks from tariffs and FX remain.
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The acquisition of Memfault for $120 million positions the buyer as a leader in integrated chip-to-cloud solutions, enabling deeper software integration, regulatory compliance, and significant cross-selling opportunities. The deal is expected to be accretive to gross margins, with profitability targeted within 24 months and ARR growth above 50% in 2025.
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Q1 2025 revenue more than doubled year-over-year to $155 million, with gross margin near 50% and EBITDA margin improving for the third straight quarter. Guidance for Q2 is $145–$165 million revenue, with ongoing cost control and new product launches expected to drive future growth.
Fiscal Year 2024
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Q4 revenue grew 39% year-over-year to $150 million, with strong gains in Bluetooth and long-range segments. Gross margin was 49%, and EBITDA turned positive. Q1 2025 guidance is $140–$160 million, nearly double last year, with continued recovery in consumer and healthcare.
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Q3 saw sequential and year-on-year growth, with strong gross margins and no market share loss. The nRF54 series launch is set to drive future growth, while disciplined cost management and a new organizational structure support long-term ambitions of over 20% annual revenue growth.
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Q3 2024 saw 18% year-over-year revenue growth to $159 million, driven by strong consumer demand and robust design activity. Gross margin was just below 50%, and the nRF54 Series launch is expected to drive future growth. Inventory remains elevated, but OpEx is targeted to stay flat.
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Sharpened strategic focus and new business units drive a revitalized product roadmap, with the nRF54 Series and 22nm technology at the core of future growth. Financial targets include 20%+ annual growth and 25% EBITDA margin within five years, with profitability in all units by 2028.
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Q2 revenue rebounded 72% sequentially to $128M, though still down 17% year-over-year, with adjusted EBITDA turning positive. Guidance for Q3 anticipates $150–$170M revenue and 50% gross margin, signaling a return to year-on-year growth as market conditions stabilize.