Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Investor Presentation (February 2026)

99 slides from Nordic Semiconductor Asa's investor presentation, February 2026

1. Slide 1: Nordic at a glance

   Nordic at a glance Investor Relations February 2026 Copyright © 2025 Nordic Semiconductor. All rights reserved

2. Slide 2: Disclaimer

   © Nordic Semiconductor Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be com municated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its content

3. Slide 3: A globally leading IoT enabler

   © Nordic Semiconductor A globally leading IoT enabler Simplifying lives through all things connected ▪ Fabless semiconductor company specialized in low power wireless connectivity and embedded processing for IoT ▪ Market leader in Bluetooth Low Energy ▪ Early adopter of Thread (802.15.4) and support

4. Slide 4: Dedicated to wireless connectivity

   © Nordic Semiconductor Dedicated to wireless connectivity Broad portfolio - scalable solutions – common software platform Strong product and …for short - , medium - and long - range solutions portfolio… connectivity technologies Low - power Short - range IoT Medium - range IoT Long - range cIoT inte

5. 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

6. Slide 6: Our tech solutions are recognized globally

   © Nordic Semiconductor Our tech solutions are recognized globally 2025 Cloud Computing 2025 Time magazine and 2025 World Electronics Innovation of the Year Statista Achievement Awards Award “nRF Cloud powered by Named one of the nRF54L15 Memfault” "Worlds Most Sustainable awarded “RF/Wireless/Microw

7. Slide 7: Resilient supply chain

   © Nordic Semiconductor Resilient supply chain ▪ Norwegian company ▪ Wafer production ▪ Test and packaging ▪ R&D in Norway, Finland, outsourced to TSMC and outsourced to ASE, Amkor Sweden, UK, Poland, Global Foundries and Qorvo India and USA ▪ Facilities in Taiwan and ▪ Facilities in Taiwan, ▪ All de

8. Slide 8: 2024: Reorganizing with 4 new business units

   © Nordic Semiconductor 2024: Reorganizing with 4 new business units Short - range, Long - range, Wi - Fi & Power Management (PMIC) ▪ Strengthening executive management team and improving accountability and autonomy ▪ Sharpening the focus or products and Short - range Long - range Øyvind Strøm Øyvind

9. 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 Clear strategic roadmap High Excite solutions and strong ambitions developers tech support to generate long - term profitable gr

10. Slide 10: Nordic is on a long-lasting growth journey

    © Nordic Semiconductor Nordic is on a long -lasting growth journey 800 750 Innovation unlocking 700 market waves 650 600 Widespread IoT adoption → 550 500 USDm 450 400 Emerging IoT markets → Revenue, 350 300 Wearables → 250 200 150 PC peripherals → 100 Game controllers → 50 0 2000 2001 2002 2003 200

11. Slide 11: Revenue by end-user market

    © Nordic Semiconductor Revenue by end -user market Markets showing recovery Short - range revenue by end - user markets, last 12 months ( USDm ) ▪ Weak demand in all 800 markets through 2023 700 ▪ Markets stabilized, and 600 Other started improving 500 Industrial and during 2024 Healthcare 400 Consu

12. Slide 12: 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 ▪ To

13. Slide 13: 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 SW 60% beyond ICs HW SW ▪ Investments in 40% Software, Cloud, HW 20% HW Edge AI and Security HW is essent

14. Slide 14: Innovating for growth across our portfolio

    © Nordic Semiconductor Innovating for growth across our portfolio Executing on existing roadmaps and exploring new opportunities Early - stage Scale - up Established Wi - Fi, PMIC Long - range Short - range Evaluating both organic and inorganic growth opportunities 14

15. 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, Automation, asset Secure real - time data work, at home, and on drug delivery, heal

16. Slide 16: Group level ambitions

    © Nordic Semiconductor Group level ambitions Early - stage Scale - up Established Wi - Fi, PMIC Long - range Short - range Group Deliver average annual revenue growth above 20% through the decade level ambitions Moving towards operating model profitability of ~25% EBITDA within five years 16

17. Slide 17: Nordic acquire Neuton.AI

    Nordic acquire Neuton.AI Enable the future of edge AI • Neuton.AI’s patented technology offers accurate, energy-efficient, and fast AI for edge applications • innovative neural network framework, which builds ultra-small models automatically • Enables the future of edge AI to meet the accelerating d

18. Slide 18: Nordic acquire Memfault

    Nordic acquire - Memfault Chip-to-cloud platform for lifecycle management of connected products • Memfault, a leading platform provider for software services that empower customers to monitor, update, and improve millions of devices in the field - without field returns • All intellectual property, c

19. Slide 19: 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

20. Slide 20: 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

21. Slide 21: Short-range IoT (Established)

    Short -range IoT (Established) Market leader with strong growth

22. Slide 22: 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 Semiconductor. All rights reserved

23. Slide 23: Nordic product overview

    © Nordic Semiconductor Nordic product overview Short-Range Long-Range Wi-Fi Power Management Copyright © 2025 Nordic Semiconductor. All rights reserved

24. Slide 24: A world leader in Bluetooth LE

    © Nordic Semiconductor A world leader in Bluetooth LE #2 #3 #4 The industry´s #1 choice – 4x more design wins than the runner-up Decade of leadership in ultra-low power and high performance SoCs Others Bluetooth LE end-product certifications, 2024 Source: Nordic Semiconductor / Bluetooth SIG Copyrig

25. Slide 25: We take care of you

    © Nordic Semiconductor We take care of you Proven customer satisfaction Technical support and software ecosystem are best in class and the single reason why I will continue to reach for Nordic products. Nordic customer, 2023 Source: Nordic Semiconductor annual customer satisfaction survey Copyright

26. Slide 26: Our solution

    © Nordic Semiconductor Our solution In production before you know it Broad product portfolio Software, tools and edge AI Standard ecosystems World-class support nRF Connect SDK Developer community Unified software Online hands-on SoCs/MCUs trainings Extensive SW/HW development tools Embedded 3rd Ext

27. Slide 27: Clear design win leader – increasing nRF54 traction

    Clear design win leader – increasing nRF54 traction 32% share of certifications last 12 months, 3-4x of closest competitors Bluetooth Low Energy end-product certifications, last 12 months Nordic end-product certifications Q4’25 103 designs 32% share LTM 460 designs 32% share Competitors Source: Nord

28. Slide 28: Successful short-range product strategy

    © Nordic Semiconductor Successful short -range product strategy Customer centric broadening of the portfolio ▪ Broad portfolio of ultra - low power SoCs High-end High - end ▪ Multiprotocol products combining Bluetooth LE, Bluetooth mesh, ANT, NFC, Matter, Thread and Zigbee ▪ Leading the market on po

29. Slide 29: nRF54 Series – Next level wireless SoCs

    © Nordic Semiconductor Product portfolio nRF54 Series – Next level wireless SoCs Revolutionary multiprotocol System-on-chip (SoC) Dual-core For new IoT products not possible wireless SoC before Requirements Extended memory Supports LE Audio GlobalFoundries® 22FDX Bringing the market-leading nRF52 Se

30. Slide 30: 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 Ramp - up of more product families through the decade ▪ Gradual transition from current nRF52 Series Ramp - up of t

31. Slide 31: Next generation wireless IoT

    Short-Range Long-Range Wi-Fi Power Management Next generation wireless IoT Based on 4th generation Nordic 2.4 GHz radio Bringing the market-leading nRF52 Series to the next level ▪ > 2x processing power & energy efficiency ▪ Advanced security ▪ Ultra-low power Revolutionary multiprotocol System-on-C

32. Slide 32: Targeted applications

    © Nordic Semiconductor Targeted applications PC accessories Advanced wearables Gaming, VR, AR, and media controllers VR, AR, and advanced gaming controllers Smart home and Matter Smart home and Matter Medical devices Medical and healthcare Industrial IoT LE Audio Industrial 32

33. Slide 33: Short-range product roadmap

    Short-Range Long-Range Wi-Fi Power Management Short-range product roadmap Aggressively expanding the product offering Fit for purpose Mainstream High performance ▪ Low voltage ▪ Ultra-low power ▪ Multicore MCU ▪ Ultra-low power ▪ Radio performance ▪ Ample memory ▪ Size constraints ▪ Range of product

34. Slide 34: nRF54 Series gains market traction

    © Nordic Semiconductor nRF54 Series gains market traction Engagement from key and broad market customers High design activity with both existing and new customers On track with innovative roadmap expanding our addressable market Limited 2025 revenue effect, accelerating growth from 2026 Copyright ©

35. Slide 35: The nRF54L Series

    © Nordic Semiconductor The nRF54L Series Broad selection of features ▪ Flexible choice of memory sizes ▪ 0.5 MB up to 2 MB NVM ▪ 96 KB to 512 KB RAM nRF54LM20A nRF54LM20B 2 MB / 512 KB 2 MB / 512 KB ▪ Range of features, peripherals, and interfaces available in various SoC options nRF54L15 Memory siz

36. Slide 36: nRF54L - Easy development

    © Nordic Semiconductor nRF54L - Easy development 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 Periphe

37. Slide 37: Broadening nRF54 Series

    © Nordic Semiconductor 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

38. Slide 38: nRF54LV10A

    © Nordic Semiconductor nRF54LV10A For next-generation healthcare wearables Targeting large and growing markets, including biosensors and continuous glucose monitors (CGMs) ▪ Ultra-compact design with support for 1.2-1.7 V supply voltage range, operating from a single silver-oxide coin cell ▪ Advance

39. Slide 39: 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 © 2025 Nordic Semiconductor. All rights reserved 39

40. Slide 40: Cornerstones of the nRF54 Series

    © Nordic Semiconductor Cornerstones of the nRF54 Series More security integrated Higher processing power lower power consumption ensuring its readiness for the next generation of IoT 22nm Smallest and most modern 4 th generation Nordic radio process node for connectivity in IoT equipped to support f

41. Slide 41: A step change in performance

    © Nordic Semiconductor A step change in performance nRF52 Series vs nRF54L Series Greater performance Lower power consumption >2x processing power than nRF52 Series >2x energy efficiency than nRF52 Series ~30% reduced radio power consumption 41

42. Slide 42: 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: 100ms, TX Payload: 31 bytes, Supply voltage: 3V. Common use cases 30% Estimate your application power consum

43. Slide 43: 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 pow

44. Slide 44: 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

45. Slide 45: 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

46. Slide 46: 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, PP

47. Slide 47: Long-range IoT (Scale-Up)

    Long -range IoT (Scale -Up) Early mover in next growth waves

48. Slide 48: 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 Cat 1 bis Power efficiency NR Low Coverage Copyright Co

49. Slide 49: 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

50. Slide 50: 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

51. Slide 51: 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’24 Note: Real LTE-M/NB-IoT GSMA data. Visualization of potential NTN coverag

52. Slide 52: 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

53. Slide 53: 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 Semiconductor. All rights reserved 53

54. Slide 54: 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

55. Slide 55: Lowers total cost and simplifies supply chain

    © Nordic Semiconductor Lowers total cost and simplifies supply chain Others Nordic Fragmented ownership Full solution ownership nRF9151 Completely integrated 3 rd Party Module • Lower complexity PMIC Chipset • Lower power Application RF Frontend Processor Modem Security • Smaller size . Element Proc

56. Slide 56: nRF9151 sets new standards

    © Nordic Semiconductor nRF9151 sets new standards Lowest power cellular IoT solution – Industry leading battery lifetime and performance 20% smaller than nRF9160 Up to 70% smaller than competition Smallest - Globally certified cellular IoT module in the industry Global coverage and connectivity – Ac

57. Slide 57: nRF9151 expanding to satellite communication

    © Nordic Semiconductor 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

58. Slide 58: 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

59. Slide 59: Highly competitive product roadmap

    © Nordic Semiconductor Highly competitive product roadmap High ▪ nRF92 – on our new 22nm technology nRF92 ▪ Lower power and lower cost ▪ More integration nRF9151 Price ▪ Higher performance appeal ▪ Robust and proven software nRF9160 Low Low Product value High 59

60. Slide 60: Opening a larger part of the market

    © Nordic Semiconductor Opening a larger part of the market Driving down costs enables more adaptive pricing strategies Product roadmap to address the full serviceable market Serviceable market (product value play) Non -serviceable low -end market nRF9160 nRF9151 nRF92 High Price point Low 60

61. Slide 61: 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

62. Slide 62: Unlock the full potential of your devices

    © Nordic Semiconductor Unlock the full potential of your devices Copyright © 2025 Nordic Semiconductor. All rights reserved

63. Slide 63: 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

64. Slide 64: Ready-to-use

    © Nordic Semiconductor Ready-to-use Customer cloud We built it, you use it ! Cloud-to-cloud Cloud-to-cloud transport and user interface Rest API Web-UI Minimize risk Ready-to-use cloud services Device Embedded Location management observability services Device-to-cloud transport HTTP Accelerate time-

65. Slide 65: 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

66. Slide 66: 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

67. Slide 67: WiFi & PMIC (Early-stage)

    WiFi & PMIC (Early -stage) Early mover in next growth waves

68. Slide 68: 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 Semiconductor. Semiconductor.

69. Slide 69: 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

70. Slide 70: 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

71. Slide 71: 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

72. Slide 72: Accelerating Wi-Fi market adoption

    © Nordic Semiconductor Accelerating Wi - Fi market adoption ▪ Full connectivity solutions increasingly Initial required in the market combinations ▪ nRF70 accelerated learning and market penetration through companion devices with Bluetooth/Cellular IoT New ▪ Design - ins already seen with nRF52, nRF

73. Slide 73: 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 73

74. Slide 74: 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 Semiconducto

75. Slide 75: 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

76. Slide 76: 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

77. Slide 77: 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

78. Slide 78: Customers expect more — every time

    Customers expect more — every time ▪ Accurate fuel gauging ▪ Reset and recovery functions ▪ Long battery life ▪ Fast charging ▪ Unboxing ready-to-use Copyright © 2025 Nordic Semiconductor. All rights reserved

79. Slide 79: More demands = more complexity = more devices

    More demands = more complexity = more devices Typical solutions require more devices…..until now + + + + Charger Power Fuel External Hard IC Regulation Gauge Watchdog Reset IC Copyright © 2025 Nordic Semiconductor. All rights reserved

80. Slide 80: 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 Cloud - based AI increases cost decisions and real - time responsiveness for significantly, edge computing reduces time sensitive applications the need for cloud i

81. Slide 81: Importance of energy efficient compute

    © Nordic Semiconductor Importance of energy efficient compute ▪ Low - power is and will remain core OPUM Technologies Digital rehabilitation platform for joint injuries differentiator for Nordic nRF52840 ▪ Advancements with TinyML has allowed machine learning inference models to run Lilbit on modest

82. Slide 82: 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 are designed for low power for specific tasks, accelerators drive performance for specific ML operations giving superior performance versus re

83. Slide 83: IoT supporting sustainability

    IoT supporting sustainability

84. Slide 84: 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 121st place in TIME magazine’s “World’s Most Sustainable Companies” for 2025 Copyright © 2025 Nordic Semiconductor. All rights reserved 84

85. Slide 85: 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

86. Slide 86: We are connecting a more sustainable world

    © Nordic Semiconductor We are connecting a more sustainable world Source: ESG highlights Nordic Semiconductor Annual Report 2022 & TIME Worlds Most Sustainable Companies 2024

87. Slide 87: 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 87

88. Slide 88: Key financials & Summary

    Key financials & Summary Continuing a profitable growth journey

89. Slide 89: 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% 800 777 700 27% 19% 75% 20% 600 611 20% 668 56.2% 500 543 52.8% 53.5% 52.3% *** 51

90. Slide 90: Financial performance – quarterly

    © Nordic Semiconductor Financial performance – quarterly Higher revenues driving improving profitability Revenue, USDm Gross margin, % EBITDA (USD) and EBITDA - margin (%) 200 75% 65 65% 179 60% 170 55% 70% 55 175 164 50% 159 155 45% 150 65% 45 40% 150 35% 60% 128 *** 54.9% 35 30% 25% 125 30% 30% 55

91. Slide 91: 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 29% 160 25% 26% ▪ R&D intensity increased in 24% 140 23% 23% 22% 23% 2023 and 2024 as revenue 21% 120 18% decline continued 17% 100 ▪ Implemente

92. Slide 92: Revenue by technology

    © Nordic Semiconductor Revenue by technology Short - range ( USDm ) Long - range ( USDm ) Other ( USDm ) Quarterly Quarterly Quarterly 92

93. Slide 93: Revenue by markets

    © Nordic Semiconductor Revenue by markets Revenue for the individual markets excludes ASICs 93

94. Slide 94: Q1 2026 guidance

    © Nordic Semiconductor Q1 2026 guidance Revenue Gross margin ▪ Customer orders and forecasts USDm indicate continued year-on-year revenue growth in Q1 175-195m >50% ▪ Gross margin expected above 50% +13% to +26% +3% to +15% y-o-y q-o-q Copyright © 2025 Nordic Semiconductor. All rights reserved 94

95. Slide 95: On track towards our long-term ambitions

    © Nordic Semiconductor On track towards our long-term ambitions ▪ Stronger than expected revenue growth of 31% in 2025 ▪ Increased gross margin and improved EBITDA ▪ On track to meet our financial Group targets to grow revenue by >20% on average in 2024-30 and move towards 25% EBITDA-margin Facsimil

96. Slide 96: Progressing the product portfolio renewal

    © Nordic Semiconductor Progressing the product portfolio renewal Expanding nRF54 Series Short-range Announced 7 different nRF54 products since the first portfolio launch in late 2024 → continuing roll-outs in 2026 High-end Broadened the market with nRF9151 and Long-range satellite support → soon lau

97. Slide 97: 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 launche

98. Slide 98: 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 gr

99. Slide 99: Contact details

    Contact details Ståle ‘Steel’ Ytterdal, SVP IR Thomas Larsen , IR Manager Please reach out to us on ir@nordicsemi.no

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