Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q2 2025 Earnings Presentation

23 slides from Nordic Semiconductor Asa's earnings presentation, Aug 13, 2025

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 4: Revenue growth and margin improvement
Revenue growth and margin improvement Q2 2025 Quarterly revenue development (USDm) § Revenue of USD 164 million § Gross margin of 51% § EBITDA USD 21 million (13%) Q3 2025 guidance § Revenue of USD 165 – 185 million § Gross margin expected at ~50% Copyright © 2025 Nordic Semiconductor. All rights re
Slide 5: Revenue recovery
Revenue recovery § Nordic has capitalized on a gradual market recovery over Revenue recovery (USDm, last 12 months rolling) the past year § Persisting macroeconomic uncertainty, with trade policy changes and tariffs potentially affecting end-user demand § Continuing the development of a diversified
Slide 6: Revenue growth for both top-10 and broad market
Revenue growth for both top-10 and broad market 800 58% 700 55% 57% 50% 600 48% 45% § Strong relationships and close 41% 43% 41% 500 39% collaboration with key customers 400 § Regaining traction in the broad market 300 200 100 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Q2'25 Top-10 Other Top
Slide 7: Clear design win leader – still based on nRF52
Clear design win leader – still based on nRF52 32% share of certifications last 12 months, 4x of the runner up Bluetooth Low Energy end-product certifications, last 12 months Nordic end-product 450 certifications 400 350 300 Q2’25 250 106 designs 29% share 200 150 100 LTM 50 427 designs 0 32% share
Slide 8: New product launches – great customer traction
New product launches – great customer traction High design activity Strong customer design pipeline confirming market leading nRF54L, nRF54H, nRF9151 and new PMIC offering Multiple new innovative products to be launched within the nRF54 Series in 2H 2025 Limited 2025 revenue effect, accelerating gro
Slide 9: Product launch: nPM1304 PMIC
Product launch: nPM1304 PMIC Adding to the award-winning nPM1300 § Designed for next-generation, space-constrained applications with ultra-small batteries § Industry’s first ultra-low power, precision fuel gauging for these battery sizes, enabling accurate remaining battery life estimation § Complem
Slide 10: Recognized by TIME magazine and Statista
Recognized by TIME magazine and Statista Named one of the "World’s 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 10
Slide 13: Strong momentum across key markets
Strong momentum across key markets Copyright © 2025 Nordic Semiconductor. All rights reserved Revenue for the individual markets excludes ASICs and consulting revenue 13
Slide 14: Gross margin
Gross margin § Improvement reflecting customer and product mix § Expecting gross margin around 50% also in Q3 2025 § Reiterating long-term ambition to maintain gross margin >50% * Note: Gross margin for Q2 2024 excludes a USD 10 million writedown of inventory in Long-range Copyright © 2025 Nordic Se
Slide 16: Cash cost development
Cash cost development § Flat cash cost y-o-y with cost focus mitigating Cash OPEX (USDm) inflationary and currency pressure § Headcount down 3% vs. Q4 2024, 5% vs. Q2 2024 § Currency set to affect y-o-y comparisons also going forward § Acquisitions increasing quarterly OPEX base by ~USD 4 million (f
Slide 17: Capex intensity
Capex intensity § Temporary uptick in capex in Q2 driven Capex (USDm) primarily by supply chain capacity expansions, along with IT infrastructure investments § Capex intensity last 12 months at 2.8% of revenue Copyright © 2025 Nordic Semiconductor. All rights reserved 17
Slide 18: Strong cash flow
Strong cash flow Cash position and cash flow Q2 2025 (USDm) § Solid cash generation from operations with EBITDA of USD 16.6m including capitalized development costs § NWC/Revenue (LTM) reduced to 23%, driven by low inventory and high collections § Not including the acquisitions made after the quarte
Slide 20: Strategic acquisitions
Strategic acquisitions A patented technology The leading cloud A complete chip-to-cloud offers accurate, energy- platform provider enabling solution provider efficient, and fast AI for device management to edge applications large-scale deployments of connected products Copyright © 2025 Nordic Semico
Slide 21: 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 22: Q3 2025 guidance
Q3 2025 guidance § Customer orders and forecasts Revenue Gross margin indicate continued year-on-year USDm revenue growth in Q3 165-185m ~50% § Gross margin expected to remain around ~50% in Q3 +4% to +17% +1% to +13% y-o-y q-o-q Copyright © 2025 Nordic Semiconductor. All rights reserved 22
Slide 23: Q&A
Q&A

Nordic Semiconductor Ord — Q2 2025 Earnings Presentation on 6ix

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q2 2025 Earnings Presentation

Slide 1: Quarterly presentation Q2 2025

Slide 2: Disclaimer

Slide 3: Today's presenters

Slide 4: Revenue growth and margin improvement

Slide 5: Revenue recovery

Slide 6: Revenue growth for both top-10 and broad market

Slide 7: Clear design win leader – still based on nRF52

Slide 8: New product launches – great customer traction

Slide 9: Product launch: nPM1304 PMIC

Slide 10: Recognized by TIME magazine and Statista

Slide 11: Financials

Slide 12: Revenue by technology

Slide 13: Strong momentum across key markets

Slide 14: Gross margin

Slide 15: Operating model performance Q2 2025

Slide 16: Cash cost development

Slide 17: Capex intensity

Slide 18: Strong cash flow

Slide 19: Closing remarks

Slide 20: Strategic acquisitions

Slide 21: A complete solutions provider – from device to cloud

Slide 22: Q3 2025 guidance

Slide 23: Q&A