Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q1 2026 Earnings Presentation

24 slides from Nordic Semiconductor Asa's earnings presentation, Apr 28, 2026

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: Today's presenters
Today´s presenters § Vegard Wollan, CEO § Pål Elstad, CFO Copyright Copyright © 2026 © 2026 Nordic Nordic Semiconductor. Semiconductor. All All rights rights reserved reserved 3
Slide 4: Continued profitable revenue growth
Continued profitable revenue growth Quarterly revenue development (USDm) Q1 2026 § Revenue of USD 192 million § Gross margin of 52% § Adjusted EBITDA USD 24 million (12%) Copyright © 2026 Nordic Semiconductor. All rights reserved 4
Slide 5: Revenue growth for both top-10 and broad market
Revenue growth for both top-10 and broad market § Top-10 revenue reflecting strong relationships and close collaboration with key customers § Broad market gaining traction, with more customers, new products and increased design activity Copyright Copyright © 2026 © 2026 Nordic Nordic Semiconductor.
Slide 6: 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 Q1’26 133 designs 32% share LTM 466 designs 31% share Competitors Source: Nor
Slide 7: Turning strategy into delivery
Turning strategy into delivery Executing on ambitious plan Expanding the addressable Enhancing intelligence Strengthening the Chip-to- markets at the edge cloud lifecycle value Copyright © 2026 Nordic Semiconductor. All rights reserved 7
Slide 8: Expanding the short-range market
Expanding the short-range market Driving growth by product expansion and world-class differentiation High-end/ New High performance Mid-range/ Mainstream Entry-level/ Fit for purpose New nRF54LM20B availability, with integrated Axon NPU for edge AI – differentiating at the high-end New, entry-level
Slide 9: 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 2024 High 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 10: Nordic driving edge AI
Nordic driving edge AI Enhancing intelligent at the edge Integrated NPU Tiny CPU-run models Development platform Copyright © 2026 Nordic Semiconductor. All rights reserved 10
Slide 13: Revenue by technology
© Nordic Semiconductor Revenue by technology Short-range (USDm) Long-range (USDm) Other (USDm) Quarterly Quarterly Quarterly Copyright © 2026 Nordic Semiconductor. All rights reserved 13
Slide 15: Gross margin
Gross margin § Improvement reflects customer and product mix, improvement in broad market and positive contribution from Cloud services * § Expecting gross margin above 50% also in Q2 2026 § Reiterating long-term ambition to maintain gross margin >50% *Q4 2025 Adjusted gross margin - excludes revers
Slide 17: Cash cost development
Cash cost development § Increase in other OPEX y-o-y driven by higher Cash OPEX (USDm) hardware and software spend, along with increased sales activity § FX main contributor to y-o-y payroll growth (~USD 5 million) § Remaining increase driven by higher headcount as a result of acquisitions and salar
Slide 18: Capex intensity
Capex intensity § Purchasing additional testers to expand back-end Capex (USDm) capacity, securing future growth and supporting new product ramp § Capex intensity last 12 months 4.2% of revenue * *Q3 2025 capex values excludes assets acquired from Memfault and Neuton Copyright © 2026 Nordic Semicond
Slide 19: Cash flow
© Nordic Semiconductor Cash flow § Continued positive cash generation from Cash position and cash flow Q1 2026 (USDm) operations, with EBITDA of USD 17.9m including capitalized development costs § Higher inventory and accounts receivable reduce cash balance § Share buyback completed in Q1 Copyright
Slide 20: Q2 2026 guidance
Q2 2026 guidance Revenue Gross margin § Customer orders and forecasts indicate continued year-on-year USDm revenue growth in Q2 200-220m >50% § Gross margin expected above 50% +22% to +34% +4% to +14% y-o-y q-o-q Copyright © 2026 Nordic Semiconductor. All rights reserved 20
Slide 22: Four key drivers to growth
Four key drivers to growth On track to meet our long-term growth ambitions Continuing Strengthened market competitive growth position Expanded Higher addressable lifecycle value market per end-product Copyright © 2026 Nordic Semiconductor. All rights reserved 22
Slide 23: Executing to plan
Executing to plan Financially, operationally, and strategically Financial Operational Strategic Solid growth of 24% year-on-year in Progressing to plan on an extensive Sharp strategic focus, clear priorities, Q1 2026, with improving margins product renewal program, with several and strengthened acco

Nordic Semiconductor Ord — Q1 2026 Earnings Presentation on 6ix

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q1 2026 Earnings Presentation

Slide 1: Quarterly presentation Q1 2026

Slide 2: Disclaimer

Slide 3: Today's presenters

Slide 4: Continued profitable revenue growth

Slide 5: Revenue growth for both top-10 and broad market

Slide 6: Clear design win leader – continued traction for nRF54

Slide 7: Turning strategy into delivery

Slide 8: Expanding the short-range market

Slide 9: Expanding the long-range market

Slide 10: Nordic driving edge AI

Slide 11: Strengthening lifecycle value

Slide 12: Financials

Slide 13: Revenue by technology

Slide 14: Revenue by markets

Slide 15: Gross margin

Slide 16: Growth, improving margins and increasing leverage

Slide 17: Cash cost development

Slide 18: Capex intensity

Slide 19: Cash flow

Slide 20: Q2 2026 guidance

Slide 21: Closing remarks

Slide 22: Four key drivers to growth

Slide 23: Executing to plan

Slide 24: Q&A