Nordic Semiconductor Asa · OSL:NOD
Nordic Semiconductor Asa — Q2 2026 Earnings Presentation
103 slides from Nordic Semiconductor Asa's earnings presentation, August 2026
Slide 1: Nordic at a glance
Nordic at a glance Investor Relations August 2026 Copyright © 2025 Nordic Semiconductor. All rights reserved
Slide 2: Disclaimer
Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. This presentation doe
Slide 3: A leading IoT enabler
© Nordic Semiconductor A leading IoT enabler Simplifying lives through all things connected ▪ Fabless semiconductor company in low power wireless connectivity ▪ Global Market leader in Bluetooth Low Energy ▪ Early mover in cellular IoT and Satellite Networks (LEO and GEO) ▪ Expanding into Wi-Fi and
Slide 4: Nordic is on a long-lasting growth journey
Nordic is on a long-lasting growth journey 800 Innovation unlocking 750 market waves 700 650 600 Widespread IoT adoption → 550 500 Revenue, USDm 450 400 Emerging IoT markets → 350 300 Wearables → 250 200 150 100 Game controllers → PC peripherals → 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 20
Slide 5: Deliver a complete connectivity solution
© Nordic Semiconductor Deliver a complete connectivity solution Faster time-to-market Next-gen Embedded World-class Customer Cloud lifecycle hardware software support device services ICs, SoCs, SiPs, PMICs nRF Connect SDK Developer community Consumer Unified software Device management 3rd party modu
Slide 6: Our tech solutions are recognized globally
Our tech solutions are recognized globally 2026 Time magazine and 2025 World Electronics Embedded World 2026 Statista Achievement Awards “nRF54LM20B” Named one of the nRF54L15 won the Embedded World “Best in "Worlds Most Sustainable awarded “RF/Wireless/Microwave Show” Award Companies" Product of th
Slide 7: Resilient supply chain
Resilient supply chain ▪ Norwegian company ▪ Wafer production outsourced ▪ Test and packaging outsourced ▪ R&D in Norway, Finland, to TSMC, SSMC and Global to ASE, Amkor and Qorvo Sweden, UK, Poland, Foundries ▪ Facilities in Taiwan, Philippines India and USA ▪ Facilities in Taiwan, Singapore and Ch
Slide 8: Global Distribution Network
© Nordic Semiconductor Global Distribution Network Distribution partners EMEA Americas APAC 8
Slide 9: Strategy based on distinctive advantages
© Nordic Semiconductor Strategy based on distinctive advantages Ultra-low power and high performance Lead on at the right price connectivity Ease-of-use, value-add High Excite solutions and strong tech Clear strategic roadmap ambitions developers support to generate long-term profitable growth and v
Slide 10: Revenue by end-user market
© Nordic Semiconductor Revenue by end-user market Markets showing recovery Revenue by end-user markets, last 12 months (USDm) ▪ Weak demand in all markets 800 through 2023 700 ▪ Markets stabilized, and started 600 Other improving during 2024 500 Industrial and ▪ Continued improvement in Healthcare 4
Slide 11: Breakdown by end-user markets
© Nordic Semiconductor Breakdown by end-user markets Aligned with customers end-products and our sales structure Markets Verticals Consumer ▪ Mobile/PC HID ▪ Consumer Asset Tracking ▪ Remotes ▪ Wearables ▪ Consumer Health ▪ Wireless Charging ▪ Smart Home ▪ Consumer Transport ▪ Other ▪ Gaming ▪ Toys
Slide 12: Delivering on our customers' needs
© Nordic Semiconductor Delivering on our customers’ needs Customer investment in product development 100% Cloud Security ▪ Nordic is providing 80% AI solutions to our SW customers reaching Cloud 60% SW beyond ICs ▪ Investments in Software, HW SW 40% Cloud, Edge AI and 20% HW HW Security is essential
Slide 13: A complete solutions provider – from device to cloud
A complete solutions provider– from device to cloud Expanding the strategic scope in alignment with our long-term ambitions ▪ Executed two strategic acquisitions accelerating Market leaderships across three fundamental pillars Nordic’s transition from a HW company to a Customer complete solution par
Slide 14: Growing portfolio and target markets
© Nordic Semiconductor Growing portfolio and target markets Each generation adds compute, memory and features - Broadening usability and applicability Copyright © 2026 Nordic S emiconductor. All rights re se rved 14
Slide 15: Four major trends defining our opportunity
© Nordic Semiconductor Four major trends defining our opportunity Consumer Connected health Industrial IoT Machine learning Work, Play, Live disruption disruption at the edge Staying connected, at Medical monitoring, drug Automation, asset tracking, Secure real-time data work, at home, and on delive
Slide 16: Nordic Product overview – with ambitions
© Nordic Semiconductor Nordic Product overview – with ambitions Short-Range Long-Range Wi-Fi PMIC “Established” “Scale-up” “Early-stage” “Early-stage” ~91% of revenue ~7% of revenue ~1% of revenue ~1% of revenue Average annual revenue growth above 20% through the decade Targeting profitability of ~2
Slide 17: Four key drivers to growth
© Nordic Semiconductor Four key drivers to growth On track to meet our long-term growth ambitions Wireless connectivity megatrend Broad portfolio of ultra-low-power continuing to drive market growth with Continuing Strengthened multiprotocol products with high more IoT devices being connected market
Slide 18: Move faster with AI-assisted development
© Nordic Semiconductor Move faster with AI-assisted development Accelerating your nRF Connect and nRF Cloud workflows AI Assistant Develop Any IDE and LLM Nordic context Code, configure, build, VS Code, Cursor, Claude Code, Access to verified sources and field flash and debug Windsurf, terminal, etc
Slide 19: We provide world-class tech support
© Nordic Semiconductor We provide world-class tech support Complemented by hands-on interactive online training Online tech support Interactive online learning platform ▪ Developer knowledge base ▪ Accelerated learning ▪ Developer community interaction ▪ In-depth hands-on courses ▪ Public and privat
Slide 20: Interactive Online Learning Platform
© Nordic Semiconductor Interactive Online Learning Platform Comprehensive, in-depth Bluetooth LE and Matter learning paths Bluetooth LE learning path Matter learning path Copyright © 2 026 Nordic S emiconductor. All rights re se rved 20
Slide 21: Broadening our technology space
© Nordic Semiconductor Broadening our technology space Sound investment criteria across technologies, Cellular IoT products, services and verticals ▪ Sizeable markets Wi-Fi ▪ Growth above industry average ▪ Opportunity for healthy gross-margins Power management ▪ Opportunity to grow market share ▪ F
Slide 22: Short-range IoT (Established)
Short-range IoT (Established) Market leader with strong growth
Slide 23: Enabling ultra-low-power wireless products
© Nordic Semiconductor Enabling ultra-low-power wireless products Complete connectivity solution Ultra-low-power SoC Ecosystem Software Interface Connectivity & Sense AI/ML Compute/Processing Security Power Management Copyright © 2025 Nordic S emiconductor. All rights re se rved
Slide 24: Nordic product overview
© Nordic Semiconductor Nordic product overview Short-Range Long-Range Wi-Fi Power Management Copyright © 2025 Nordic S emiconductor. All rights re se rved
Slide 25: Our solution
© Nordic Semiconductor Our solution In production before you know it Broad product portfolio SDK, tools, cloud, and edge AI Standard ecosystems World-class support nRF Connect SDK Developer community Online hands-on SoCs/MCUs trainings Embedded 3rd Extensive technology SW stacks party partner progra
Slide 26: Clear design win leader – continued traction for nRF54
Clear design win leader – continued traction for nRF54 31% share of certifications last 12 months, 3x the closest competitor Bluetooth Low Energy end-product certifications, last 12 months Nordic end-product certifications Q2’26 115 designs 28% share LTM 475 designs 31% share Competitors So urce: No
Slide 27: Successful short-range product strategy
© Nordic Semiconductor Successful short-range product strategy Customer centric broadening of the portfolio High-end ▪ Broad portfolio of ultra-low power SoCs High-end ▪ Multiprotocol products combining Bluetooth LE, Bluetooth mesh, ANT, NFC, Matter, Thread and Zigbee ▪ Leading the market on power c
Slide 28: Nordic's Bluetooth LE advantage
© Nordic Semiconductor Nordic’s Bluetooth LE advantage Recognized as the industry standard Pioneer in ▪ Bluetooth SIG associate member > 15 years Your application Bluetooth LE ▪ Major contributor to the specification work ▪ All mandatory and most optional features are supported Samples Middleware Li
Slide 29: IoT made easy
© Nordic Semiconductor IoT made easy Proven multiprotocol support and capabilities Ecosystems ▪ Certified software ready to use ▪ Enabling streamlined integration with leading ecosystems Supported ▪ Solid foundation by utilizing Bluetooth LE expertise protocols ▪ Optimized for low power and performa
Slide 30: nRF Cloud lifecycle services
© Nordic Semiconductor nRF Cloud lifecycle services Identify, resolve, and fix issues in one system Device Fleet health In-field Device Management monitoring Debugging Ship firmware update with Easily identify performance problems Root cause issues fast, without more confidence. in the field. reprod
Slide 31: nRF54 Series – Next level wireless SoCs
© Nordic Semiconductor Product portfolio nRF54 Series – Next level wireless SoCs Dual-core Bringing the market-leading wireless SoC nRF52 Series to the next level Requirements Extended memory Supports LE Audio For next-generation IoT products Legacy series Billions SoCs shipped to thousands of custo
Slide 32: Unique growth opportunity
© Nordic Semiconductor Unique growth opportunity Driven by the launch of nRF54 Product launches supporting growth through the decade ▪ Ramp-up of the nRF54 Series set to drive growth through Ramp-up of more product families the decade ▪ Gradual transition from current nRF52 Series Ramp-up of the ini
Slide 33: The nRF54L Series
© Nordic Semiconductor The nRF54L Series Architecture and overview ▪ New technologies enabling the next-level performance Radio Arm® ▪ 2x processing performance and feature-rich MCU Bluetooth LE Cortex®-M33 IEEE 802.15.4* ▪ 4th generation radio, with Bluetooth Channel Sounding 128 MHz 2.4 GHz Propri
Slide 34: Expanding the short-range market
© Nordic Semiconductor Expanding the short-range market Driving growth by product expansion and world-class differentiation High-end/ High performance Mid-range/ Mainstream Entry-level/ Fit for purpose nRF54LM20B availability, with integrated Axon NPU for edge AI – differentiating at the high-end Ne
Slide 35: Next generation wireless IoT
© Nordic Semiconductor Next generation wireless IoT We are taking performance to the next level Best-in-class MCU Processing Ultra-low power Security 2.4 GHz Radio Power & Efficiency Copyright © 2 026 Nordic S emiconductor. All rights re se rved 35
Slide 36: 4th generation 2.4 GHz radio
© Nordic Semiconductor 4th generation 2.4 GHz radio Lower power consumption TX system current [mA @ 3.0V] 20 Transmit 10 -39% -38% -22% 0 0 dBm +4 dBm +8 dBm RX system current [mA @ 3.0V] Receive 20 10 -49% 0 Copyright © 2 026 Nordic S emiconductor. All rights re se rved 36
Slide 37: 4th generation 2.4 GHz radio
© Nordic Semiconductor 4th generation 2.4 GHz radio Robust and feature rich Robust High data rate Bluetooth Channel Multiprotocol support Sounding Range & Signal 4 Mbps - 2.4 GHz Distance measurement IEEE 802.15.4-2020 integrity proprietary protocols and presence detection Maximum TX Power +8 dBm 1
Slide 38: A step-change in performance
© Nordic Semiconductor A step-change in performance More performance, lower power Fixed workload performed on nRF54L and nRF52 Series >2x >3x Current (mA) Average power consumption Processing Power Processing Efficiency Processing time CoreMark/mA uA/MHz CoreMark @ 3V @ 3V Average power consumption
Slide 39: Ultra-low-power enablers
© Nordic Semiconductor Ultra-low-power enablers Nordic proprietary technology and IP Best-in-class Ultra-low power Ultra-low power Low level Advanced 22nm ultra-low power oscillators with SRAM design embedded process node 2.4 GHz radio fast start-up with low leakage software optimized for time curre
Slide 40: Ultra-low-power performance
© Nordic Semiconductor Ultra-low-power performance Bluetooth LE advertising scenario 43% reduction 141 uA 81 uA Wearable Smartphone Up to 50% Note: Bluetooth LE Advertising (TX/RX), Interval: 100m s, TX Payload: 31 bytes , Supply voltage: 3V. Common use cases 30% Estimate your application power cons
Slide 41: Nordic Edge AI
© Nordic Semiconductor Nordic Edge AI Industry-leading energy efficiency across the broadest range of customer needs Nordic-unique Integrated NPU CPU-run models Made for approach developers Two complementary Ultra-efficient AI 10x smaller, faster, Nordic Edge AI Lab. ultra-low-power accelerator. and
Slide 42: Two complementary technologies
© Nordic Semiconductor Two complementary technologies For ultra-low-power edge AI Any Nordic SoC or SiP nRF54LM20B SoC CPU CPU NPU TensorFlow Lite Neuton Neuton model model model Time-series Time-series Higher-rate data. data. time-series data. Accelerometer, IMU, PPG, Accelerometer, IMU, PPG, Audio
Slide 43: Ultra-low-power performance
© Nordic Semiconductor Ultra-low-power performance Bluetooth LE advertising scenario 43% reduction 141 uA 81 uA Wearable Smartphone Up to 50% Note: Bluetooth LE Advertising (TX/RX), Interval: 100m s, TX Payload: 31 bytes , Supply voltage: 3V. Common use cases 30% Estimate your application power cons
Slide 44: Max performance at highest efficiency
© Nordic Semiconductor Max performance at highest efficiency Greater performance Lower power consumption ~2x performance compared to the highest performing low-power MCUs or SoCs on the market >30% more efficient compared to the most energy efficient MCUs or SoCs Nordic proprietary ultra-low power t
Slide 45: nRF54L – Design made easy
© Nordic Semiconductor nRF54L – Design made easy Highly-integrated wireless SoC Multi-purpose MCU Asset Identification and Easy to handle trackers “Fing my” tags Memory QFN Multiple Multiprotocol Simple design applications 2.4 GHz radio Gaming Custom Security features controllers remotes Peripherals
Slide 46: Customer testimonial: Chipolo
© Nordic Semiconductor We have been working with Nordic solutions for a long time now. The great support, available documentation and easy to use development tools like the Zephyr-based nRF Connect SDK has always ensured a fast time-to-market for long battery life products like our trackers. Ultimat
Slide 47: Taking edge AI to the next level
© Nordic Semiconductor Taking edge AI to the next level Bringing AI to the smallest battery-powered IoT devices ▪ nRF54LM20B: New ultra-low-power, large-memory wireless SoC combining integrated Axon NPU, software and development tools ▪ Axon NPU: AI accelerator with up to 7x faster performance and 8
Slide 48: AI and ML on edge devices
© Nordic Semiconductor AI and ML on edge devices Why smarter edge devices are needed Latency Cost Edge computing with AI enables quicker decisions and Cloud-based AI increases cost significantly, edge real-time responsiveness for time sensitive applications computing reduces the need for cloud infra
Slide 49: Importance of energy efficient compute
© Nordic Semiconductor Importance of energy efficient compute OPUM Technologies Digital rehabilitation platform for joint injuries ▪ Low-power is and will remain core differentiator nRF52840 for Nordic ▪ Advancements with TinyML has allowed Lilbit Pet tracker and health monitor machine learning infe
Slide 50: AI to drive more efficient edge compute
© Nordic Semiconductor AI to drive more efficient edge compute Latency Power consumption Regular MCU cores are built for general purpose tasks - accelerators drive Accelerators are designed for low power for specific tasks, giving superior performance for specific ML operations performance versus re
Slide 51: Long-range IoT (Scale-Up)
Long-range IoT (Scale-Up) Early mover in next growth waves
Slide 52: Cellular technology landscape
© Nordic Semiconductor Cellular technology landscape LTE-M and NB-IoT – the cellular IoT standards High NTN Optimized for IoT Lowest Low power massive IoT power consumption networks 2G (GSM, CDMA) 3G (UMTS) Superior coverage Low High LTE, LTE-A NR Cat 1 bis Power efficiency Low Coverage Copyright Co
Slide 53: Future proof technology
Future proof technology LTE-M and NB-IoT supported in 5G LTE-M and NB-IoT supported by 4G and Longevity 5G networks, beyond 2040 Not supported by the 5G standard, expected Cat 1 bis to go EOL by late 2020s in leading markets * Low power and high density IoT supporting mMTC millions of devices per sq
Slide 54: Non-Terrestrial Networks (NTN)
Non-Terrestrial Networks (NTN) Stay connected, no matter where you are Close the gap Interoperability Always online 01 02 03 >75% of the whole earth NB-IoT over NTN based on Dynamically switch between does not have terrestrial 3GPP standards terrestrial cellular networks and cellular coverage NTN Co
Slide 55: Coverage becomes truly global
Coverage becomes truly global ▪ LTE-M and NB-IoT coverage growing ▪ NTN will close the coverage gap and be a great fallback option ▪ More carriers enabling LTE-M “Vodafone turns on LTE-M in the UK” RCR Wireless News, Aug’ Note: Real LTE-M/NB-IoT GSMA data. Visualization of potential NTN coverage Cop
Slide 56: NTN Satellite Constellations
NTN Satellite Constellations Geostationary and Low Earth Orbit Options Geostationary: Available NOW ▪ Easy to locate, relatively low latency, always visible ▪ Far away, expect ~1kbps, limited capacity Low Earth Orbit: Available 2026 GEO LEO Coverage ▪ Close, higher link budget expect ~20kbps 35.786
Slide 57: Nordic product overview
© Nordic Semiconductor Nordic product overview Cloud support across all our wireless connectivity solutions Short-Range Cellular IoT Wi-Fi 6 IoT Power Management Copyright © 2025 Nordic S emiconductor. All rights re se rved 57
Slide 58: Cellular IoT made easy
© Nordic Semiconductor Cellular IoT made easy Lowest power, World-class Fast time-to-market with a complete solution smallest size support Developer community SiP Modules with integrated Globally certified SiP Certified reference designs Design and connectivity ARM Application MCU modules services O
Slide 59: nRF9151 sets new standards
© Nordic Semiconductor nRF9151 sets new standards Lowest power cellular IoT solution – Industry leading 20% smaller than nRF9160 battery lifetime and performance Up to 70% smaller than competition Smallest - Globally certified cellular IoT module in the industry Global coverage and connectivity – Ac
Slide 60: nRF9151 expanding to satellite communication
© Nordic Semico ndu ctor nRF9151 expanding to satellite communication 3GPP-compliant Non-Terrestrial Networks (NTN) connectivity ▪ Support for low earth orbit (LEO) and Geostationary (GEO) satellites ▪ nRF9151 module – only SW change needed ▪ Can operate in both pure terrestrial network (TN) or TN a
Slide 61: Accelerating space-enabled IoT connectivity
Accelerating space-enabled IoT connectivity ▪ nRF9151 module certified for Skylo’s GEO satellite network ▪ Enabled connectivity across several leading satellite operators, including Iridium, Myriota, Sateliot, Skylo and OQ Technology ▪ Seamless cellular and satellite coverage enables true global IoT
Slide 62: Expanding the long-range market
Expanding the long-range market For global coverage, longevity, trust, and long-term growth 2018 A future-ready cellular IoT solution High 2024 nRF9160 Price point 2026 nRF9151 ▪ Addressing the high-bandwidth market with nRF93M1 module for LTE Cat 1 bis ▪ Evolving the nRF91 Series with new Low nRF91
Slide 63: Positioned to win and scale
© Nordic Semiconductor Positioned to win and scale With IoT megatrends in commercial and industrial markets Asset tracking Metering Industrial IoT ▪ Lowest Power ▪ Lowest power ▪ Ease of use ▪ Integrated locationing ▪ Country of origin ▪ Lowest power ▪ Smallest size ▪ Performance and security ▪ Perf
Slide 64: Unlock the full potential of your devices
© Nordic Semiconductor Unlock the full potential of your devices Copyright © 2025 Nordic S emiconductor. All rights re se rved
Slide 65: Why nRF Cloud
© Nordic Semiconductor Why nRF Cloud Unlock the full potential of your devices Ready-to-use Flexible & scalable Optimized and advanced Enterprise-grade security lifecycle services We built it, you use it! Adaptable to your needs Enhanced device Secure, easy-to-use and performance cost efficient Copy
Slide 66: Ready-to-use
© Nordic Semiconductor Ready-to-use Customer cl oud We built it, you use it ! Cloud-to-cloud Cloud-to-cloud t ransport and user int erface Rest API Web-UI Minimize risk Ready-to-use cloud services Device Embedded Lo catio n manag ement observability serv ic es Device-to-cloud t ransport Accelerate t
Slide 67: Optimized and advanced lifecycle services
© Nordic Semiconductor Optimized and advanced lifecycle services Enhanced device performance Device Embedded Location management observability services Securely connect your Fix defects before your Versatile location services devices and deploy customer finds them tracking your devices firmware upda
Slide 68: Cloud lifecycle services overview
© Nordic Semiconductor Cloud lifecycle services overview Description FOTA, device registration, configuration and operation. General fleet management Secure device lifecycle management supported by secure device Device identity and provisioning. management Device-to-cloud message storage. Data bridg
Slide 69: WiFi & PMIC (Early-stage)
WiFi & PMIC (Early-stage) Early mover in next growth waves
Slide 70: Wi-Fi technology landscape
Wi-Fi technology landscape Nordic focuses on Wi-Fi 6 IoT Wi-Fi Backgournd High Optimized for IoT Traditional Wi-Fi Lower power consumption Enhanced device density Wi-Fi 6 IoT Low High Power consumption Low Data throughput Copyright Copyright © © 2025 2025 Nordic Nordic SSemiconductor. emiconductor.
Slide 71: Wi-Fi 6 IoT technology
Wi-Fi 6 IoT technology Complement Bluetooth LE and Thread with unique set of features High data throughput Native IP connectivity Reliable network Ready-to-use technology infrastructure Supports IoT Enabling seamless IP- Robust, deterministic, Wi-Fi infrastructure is applications requiring enabled d
Slide 72: Leader in low power dual-band Wi-Fi 6 IoT
Short-Range Long-Range Wi-Fi Power Management Leader in low power dual-band Wi-Fi 6 IoT Low power Enabling battery operated Wi-Fi applications Dual-band 2.4/5 GHz Optimizing throughput and Bluetooth co-existence Proven Matter interoperability optimized for minimal Robust and optimized memory usage L
Slide 73: Wi-Fi 6 product portfolio
Wi-Fi 6 product portfolio Optimized for low power IoT applications nRF7002 nRF7001 nRF7000 Next generation Companion IC Companion IC Companion IC nRF71 Series SoCs Full featured low power Cost-optimized low Low-power Wi-Fi 6 Ultra-low power highly Wi-Fi 6 IoT solution power 2.4 GHz Wi-Fi 6 IoT Locat
Slide 74: Accelerating Wi-Fi market adoption
© Nordic Semiconductor Accelerating Wi-Fi market adoption ▪ Full connectivity solutions increasingly required in Initial combinations the market ▪ nRF70 accelerated learning and market penetration through companion devices with Bluetooth/Cellular New IoT combination ▪ Design-ins already seen with nR
Slide 75: Power Management ICs
© Nordic Semiconductor Power Management ICs Complete connectivity solution Cloud Lifecycle Services Ultra-low power SoC Ultra-low power SiP module Ecosystem Interface Connectivity & Sense Software Compute/Processing Security Power Management IC’s 75
Slide 76: The nPM Family
The nPM Family Integrated, flexible and easy-to-use Highly integrated Flexible Easy-to-use Reduced system Configure the PMIC to Seamless hardware and complexity, BOM and match exactly your software integration enabling board space requirements fast time-to-market Copyright © 2025 Nordic S emiconduct
Slide 77: PMIC product portfolio
PMIC product portfolio Advanced battery management in compact packages nPM1100 nPM1300 nPM1304 nPM2100 nPM6001 Ultra-compact Highly integrated Highly integrated High performance Advanced multi-rail for battery charging with advanced and optimized for with ultra-efficient boost with six independently
Slide 78: Application integration
Application integration Enhanced system design nPM130x Host controller Fully-featured Simplified hardware design System Two-wire I/F management Event handling Efficient power distribution Supply voltage Battery Voltage Subsystem management regulators RF Sensors Resilient system operation Analog Memo
Slide 79: End-to-end solution
End-to-end solution From the battery to the antenna Cellular IoT Bluetooth LE Wi-Fi 6 ▪ Lowest power ▪ Best-in-class 2.4 GHz radio ▪ Companion IC ▪ Smallest cellular IoT module ▪ High performance MCU ▪ Dual-band 2.4/5 GHz ▪ Global coverage and connectivity ▪ Ultra-low power ▪ Low power PMIC nRF9151
Slide 80: Nordic fuel gauge 2.0
Nordic fuel gauge 2.0 Advanced rechargeable battery management Nordic fuel gauge 2.0 Accurate Accurate State of Charge state-of-health Precision preserved over the Accurate battery capacity and cycle lifetime of the battery tracking for timely replacement Ultra-low power and low cost, Fleet battery
Slide 81: Customer testimonial: ViXion
“While initially attracted by the fuel gauge functionality of the Nordic nPM1300 PMIC, we also appreciated its ability to handle most power functions without additional components, thus reducing the BoM [Bill of Materials].” Seiichiro Nambu, CEO, ViXion Inc. Copyright © 2 026 Nordic S emiconductor.
Slide 82: EU Batteries Regulation - directive 2023/1542
EU Batteries Regulation - directive 2023/1542 Nordic fuel gauge 2.0 solution is purpose-built for compliance Fully-featured EU batteries regulation Mandates that rechargeable batteries must Effective February 2027 be removable and replaceable by end-users Battery replacement detection Autodetect tha
Slide 83: Product security
Product security Copyright © 2 025 Nordic S emiconductor. All rights re se rved
Slide 84: Regulatory landscape
Regulatory landscape EU Cybersecurity Radio Equipment Directive Product Security & U.S. Cyber Trust Mark Resilience Act (RED) 2014/53/EU Telecommunications (CRA) Infrastructure Act (PSTI) Copyright © 2025 Nordic S emiconductor. All rights re se rved 84
Slide 85: Enterprise-grade security
Enterprise-grade security Secure, easy-to-use and cost-efficient Secure design and Anomaly Vulnerability Secure configuration detection handling and resolution updates Chip-to-cloud security Monitoring and reporting of Nordic product security incident Automated secure device architecture founded on
Slide 86: The approach to product security
The approach to product security Nordic provides Root of Trust and end-to-end security Your development process Your product Regulatory compliance nRF Cloud 1) Analyze 2) Architect Secure provisioning Threat models & Hardware & firmware & FOTA security analysis architect specifications 01 Device bui
Slide 87: IoT supporting sustainability
IoT supporting sustainability
Slide 88: Recognized by TIME magazine and Statista
Recognized by TIME magazine and Statista Named one of the "Worlds Most Sustainable Companies” Nordic climbs 200 rankings to 121 st place in TIME magazine’s “World’s Most Sustainable Companies” for 2025 Copyright © 2025 Nordic S emiconductor. All rights re se rved 88
Slide 89: Now using recycled plastic component packaging
© Nordic Semiconductor Now using recycled plastic component packaging An important step in our sustainability strategy ▪ Nordic one of the first semiconductor companies to use component reels made from recycled plastic ▪ The switch to recycled plastic will reduce plastic waste by almost 15,000 kilog
Slide 90: We are connecting a more sustainable world
© Nordic Semiconductor We are connecting a more sustainable world Source: ESG highlights Nordic Semi conductor Annual Report 2022 & TIME Worlds Mos t Sustai nable Companies 2024
Slide 91: Sustainability depends on technology
© Nordic Semiconductor Sustainability depends on technology Disruptive IoT projects can contribute immensely to UN SDGs Product Product Product Pictures pictures pictures v vv Smart Lightning 91
Slide 92: Key financials & Summary
Key financials & Summary Continuing a profitable growth journey
Slide 93: Financial performance – rolling 12 months
© Nordic Semiconductor Financial performance – rolling 12 months Higher revenues driving improving profitability Revenue, last 12 months USDm Gross margin, last 12 months, % EBITDA-margin, last 12 months, % 100 % 30% 800 25% 700 759 703 20% 21% 693 75% 20% 18% 600 628 14% 56.9% 500 537 54.2% 51.9% 4
Slide 94: Financial performance – quarterly
© Nordic Semiconductor Financial performance – quarterly Higher revenues driving improving profitability Revenue, USDm Gross margin, % EBITDA (USD) and EBITDA-margin (%) 250 75% 45 20 % 225 219 70% 35 15 % 200 192 65% 15% 179 ** 175 164 170 60% 25 13% 159 *** 11% 150 155 10 % *** 54. 9% 53. 1% 10% *
Slide 95: Investing in innovation
© Nordic Semiconductor Investing in innovation Innovation is a core driver of long-term revenue and margins R&D expenses* by technology, USDm 200 32% 180 26% 29% 160 25% ▪ R&D intensity increased in 2023 23% 23% 24% 140 22% 23% and 2024 as revenue decline 21% 120 18% continued 17% 100 ▪ Implemented
Slide 96: Revenue by technology
© Nordic Semiconductor Revenue by technology Short-range (USDm) Long-range (USDm) Other (USDm) Quarterly Quarterly Quarterly 96
Slide 97: Revenue by markets
© Nordic Semiconductor Revenue by markets roup Consumer ndustrial and ealt care t er m yoy o t er ndustrial and ealt care Consumer Revenue for the individual markets excludes AS ICs 97
Slide 98: Q3 2026 guidance
© Nordic Semiconductor Q3 2026 guidance Revenue Gross margin ▪ Customer orders and forecasts indicate continued year-on-year USDm revenue growth in Q3 220-240m >50% ▪ Gross margin expected above 50% +23% to +34% +1% to +10% y-o-y q-o-q Copyright © 2026 Nordic S emiconductor. All rights re se rved 98
Slide 99: Executing to plan
© Nordic Semiconductor Executing to plan Financially, operationally, and strategically FINANCIAL OPERATIONAL STRATEGIC Q2 2026 revenue ▪ nRF54 Series continuing ▪ Adding software to gain momentum and recurring value USD 219m through nRF Cloud ▪ Long-range continuing to lifecycle services ramp accord
Slide 100: Four key drivers to growth
© Nordic Semiconductor Four key drivers to growth On track to meet our long-term growth ambitions Wireless connectivity megatrend Broad portfolio of ultra-low-power continuing to drive market growth with Continuing Strengthened multiprotocol products with high more IoT devices being connected market
Slide 101: Our investment case
© Nordic Semiconductor Our investment case Improving returns - unlocking value creation opportunities Clarifying strategy Sharpened priorities and improved engineering execution Operational agility Market adaptive, customer-centric, roadmap-focussed Capitalizing on innovation New product launches su
Slide 102: Target operating model
© Nordic Semiconductor Target operating model Organization set up for significantly higher revenue levels Target operating model Gross margin >50% <10% SG&A ▪ Gross margin depending on technology and customer mix ▪ Lower gross margin expected in cellular IoT Module business Gross margin ▪ Higher gro
Slide 103: Contact details
Contact details tåle ‘ teel’ Ytterdal, VP R Thomas Larsen , IR Manager Please reach out to us on ir@nordicsemi.no