Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Q3 2026 Earnings Presentation

23 slides from Nordic Semiconductor Asa's earnings presentation, Oct 22, 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: Record revenue and improved margins
Record revenue and improved margins Quarterly revenue development (USDm) Q3 2026 § Revenue of USD 235 million, +32% y/y and +8% q/q § Gross margin of 53% § Adjusted EBITDA USD 40 million (17%) 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 reflecting continued strong relationships and collaborations with key customers § Broad market gaining traction with more customers and higher design activity with existing customers Copyright Copyright © 2026 © 2026 Nordic Nordic Semiconducto
Slide 6: Clear design win leader – continued traction for nRF54
Clear design win leader – continued traction for nRF54 30% share of certifications last 12 months, ~3x the closest competitor Bluetooth Low Energy end-product certifications, last 12 months Nordic end-product certifications Q3’26 112 designs 26% share LTM 463 designs 30% share Competitors Source: No
Slide 7: Broadening short-range portfolio
Broadening short-range portfolio Strengthening competitive position Announced nRF54LC10A, our smallest multiprotocol SoC, for tags, trackers, and compact smart home sensors 2.3 mm § Built for small devices and high-volume deployment § Advanced security features 1.9 mm § Memory and peripherals aligne
Slide 8: Expanding the addressable long-range market
Expanding the addressable Available today long-range market Taking the nRF93M1 smart modem global § Global connectivity for data-intensive applications - 10Mbps throughput § nRF Cloud integration for EU CRA compliant life cycle management § Working with lead customers across multiple applications Au
Slide 10: Strong uptake of our AI-assisted development tools
Strong uptake of our AI-assisted development tools § Rapid adoption and growing usage since launch in May DevZone § Recently introduced updated version with expanded capabilities, with more to come § Assisting developers all the way from prototyping to the deployment of devices in the field nRF Conn
Slide 11: Growing portfolio and target markets
Growing portfolio and target markets Each generation adds compute, memory and features – Broadening usability and applicability Copyright © 2026 Nordic Semiconductor. All rights reserved 11
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 § Year-on-year improvement reflects product mix, higher share of broad market customers, and increasing contribution from high-margin Cloud services § Expecting gross margin above 50% also in Q4 2026 * * § Reiterating long-term ambition to maintain gross margin >50% *Q2 2024 Adjusted gr
Slide 16: Growth, improving margins, and increasing leverage
Growth, improving margins, and increasing leverage Operating model Revenue R&D Copyright © 2026 Nordic Semiconductor. All rights reserved 16
Slide 17: Cash cost development
Cash cost development § Year-on-year payroll driven by organic headcount Cash OPEX (USDm) growth, salary increases, accrual of variable pay and FX § Year-on-year increase in other OPEX driven by higher hardware and software spend along with increased sales activity Copyright © 2026 Nordic Semiconduc
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
Cash flow § Positive cash generation from operations, with Cash position and cash flow Q3 2026 (USDm) EBITDA of USD 33m including capitalized development costs § Deliberate front-end inventory build, with higher inventory and timing of customer payments § Other operating adjustments mainly reflects
Slide 20: Q4 2026 guidance
Q4 2026 guidance Revenue Gross margin § Customer orders and forecasts indicate continued year-on-year USDm revenue growth in Q4 215-235m >50% § Gross margin expected above 50% +27% to +39% -9% to 0% y-o-y q-o-q Copyright © 2026 Nordic Semiconductor. All rights reserved 20
Slide 22: Executing to plan
© Nordic Semiconductor Executing to plan Financially, operationally, and strategically FINANCIAL OPERATIONAL STRATEGIC Q3 revenue § Gaining momentum and § Continued solid growing the nRF54 Series in relationships and USD 235m short-range strong pipeline with key customers § Expanding the addressable

Nordic Semiconductor — Q3 2026 Earnings Presentation on 6ix

Nordic Semiconductor Asa — Q3 2026 Earnings Presentation

Slide 1: Quarterly presentation Q3 2026

Slide 2: Disclaimer

Slide 3: Today's presenters

Slide 4: Record revenue and improved margins

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

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

Slide 7: Broadening short-range portfolio

Slide 8: Expanding the addressable long-range market

Slide 9: Leading Edge AI for universal use

Slide 10: Strong uptake of our AI-assisted development tools

Slide 11: Growing portfolio and target markets

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: Q4 2026 guidance

Slide 21: Closing remarks

Slide 22: Executing to plan

Slide 23: Q&A