Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Q3 2025 Earnings Presentation

23 slides from Nordic Semiconductor Asa's earnings presentation, Oct 29, 2025

Slide 1: 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: Revenue growth and margin improvement
Revenue growth and margin improvement Quarterly revenue development (USDm) Q3 2025 ▪ Revenue of USD 179 million ▪ Gross margin of 52% ▪ Adjusted EBITDA USD 18 million (10%) Q4 2025 guidance ▪ Revenue of USD 155 – 175 million ▪ Gross margin expected above 50% Copyright © 2025 Nordic Semiconductor. Al
Slide 4: Revenue growth for both top-10 and broad market
Revenue growth for both top-10 and broad market ▪ Top-10 revenue back at the peak levels from 2022, reflecting strong relationships and close collaboration with key customers ▪ Regaining traction also in the broad market, although revenue is still 35% below 2022-levels Copyright © 2025 Nordic Semico
Slide 5: Clear design win leader – mainly based on nRF52
Clear design win leader – mainly based on nRF52 30% share of certifications last 12 months, 3-4x of closest competitors end-product Copyright © 2025 Nordic Semiconductor. All rights reserved 5
Slide 6: Strong momentum on the nRF54 Series
Strong momentum on the nRF54 Series Customer centric development approach High customer interest – continuing to broaden the product family with new versions Shaping future roadmap with innovative features together with key customers – which will also become available for the broad market As earlier
Slide 7: Broadening nRF54 Series
Broadening nRF54 Series Launched high-end nRF54LM20A Built on same hardware and software architecture as the nRF54L Series nRF54LM20A is a versatile large-memory SoC for advanced Bluetooth LE and Matter applications: ▪ Expanded memory enables more feature-rich applications and advanced connectivity
Slide 8: Launch of nRF Connect SDK "Bare Metal" for nRF54L Series
Launch of nRF Connect SDK “Bare Metal” for nRF54L Series Strategic software option for broad market • Easy-to-use software solution for those who do not need a real-time operating system (RTOS) Lowering entry barrier for developing simple Bluetooth LE nRF Connect SDK ‘Bare Metal’ • applications • Wi
Slide 9: Launched cloud services powered by Memfault
Launched cloud services powered by Memfault Nordic becoming a complete solutions provider– from chip to cloud ▪ Chip-to-cloud lifecycle management solution with full device observability and over-the-air capabilities ▪ Gives all Nordic customers out-of-the-box access to essential cloud infrastructur
Slide 16: Cash cost development
Cash cost development ▪ Acquisitions and higher activity level increase our total cost base ▪ Cost increase mainly driven by payroll ▪ Number of employees increased to 1,410 at the end of Q3 2025, including 59 employees joining from Neuton and Memfault ▪ Similar cost level expected in Q4 Copyright ©
Slide 17: Cash payroll development
Cash payroll development ▪ Salary adjustments adding ~USD 2 million quarter- on-quarter ▪ Acquisitions adding ~USD 4 million to cash payroll ▪ Accruals for FY bonus and social security tax on RSUs adding ~USD 5 million ▪ Minor additions from FX and other in the quarter Note: Cash payroll does not in
Slide 21: Solid revenue recovery over the past year
Solid revenue recovery over the past year ▪ YTD revenue of USD 498 million, +38% year-on year Revenue (USDm), last 12 months rolling ▪ LTM revenue of USD 648 million, also +38% year-on-year ▪ Maintained strong position in Short-range ▪ Resilient demand for nRF52, expecting accelerating contribution
Slide 22: Q4 2025 guidance
Q4 2025 guidance ▪ Customer orders and forecasts indicate year-on-year revenue growth in Q4 155-175m >50% ▪ Gross margin expected to be above 50% in Q4 +3% to +17% -2% to -13% y-o-y q-o-q Copyright © 2025 Nordic Semiconductor. All rights reserved 22
Slide 23: U3 Q: ae o: A
U3 Q: ae o: A

Nordic Semiconductor — Q3 2025 Earnings Presentation on 6ix

Nordic Semiconductor Asa — Q3 2025 Earnings Presentation

Slide 1: Disclaimer

Slide 2: Today's presenters

Slide 3: Revenue growth and margin improvement

Slide 4: Revenue growth for both top-10 and broad market

Slide 5: Clear design win leader – mainly based on nRF52

Slide 6: Strong momentum on the nRF54 Series

Slide 7: Broadening nRF54 Series

Slide 8: Launch of nRF Connect SDK "Bare Metal" for nRF54L Series

Slide 9: Launched cloud services powered by Memfault

Slide 10: WINNER: Cloud Computing Innovation of the year

Slide 11: Financials

Slide 12: Revenue by technology

Slide 13: Industrial & healthcare driving growth in the quarter

Slide 14: Gross margin

Slide 15: Operating model performance Q3 2025

Slide 16: Cash cost development

Slide 17: Cash payroll development

Slide 18: Capex intensity

Slide 19: Cash flow

Slide 20: Closing remarks

Slide 21: Solid revenue recovery over the past year

Slide 22: Q4 2025 guidance

Slide 23: U3 Q: ae o: A