Nordic Semiconductor Asa · OSL:NOD

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q2 2026 Earnings Presentation

22 slides from Nordic Semiconductor Asa's earnings presentation, Aug 6, 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) Q2 2026 § Revenue of USD 219 million § Gross margin of 53% § Adjusted EBITDA USD 36 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 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 Q2’26 115 designs 28% share LTM 475 designs 31% share Competitors Source: Nor
Slide 7: Four key drivers to growth
Four key drivers to growth On track to meet our long-term growth ambitions Continuing Strengthening market competitive growth position Expanding Increasing addressable lifecycle value market per end-product Copyright © 2026 Nordic Semiconductor. All rights reserved 7
Slide 8: One partner – from chip to cloud
One partner – from chip to cloud A leader in ultra-low-power compute and connectivity WORLD-CLASS EMBEDDED CLOUD LIFECYCLE HARDWARE SOF T WARE SERVICES Copyright © 2026 Nordic Semiconductor. All rights reserved 8
Slide 9: 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 9
Slide 10: AI-assisted development tools across lifecycle
AI-assisted development tools across lifecycle Built on Nordic’s high-quality data and software Higher quality and reliability Faster time to market Copyright © 2026 Nordic Semiconductor. All rights reserved 10
Slide 12: 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 12
Slide 14: Gross margin
Gross margin § Improved product mix, higher share of broad market customers, and increasing contribution from high-margin Cloud services § Expecting gross margin above 50% also in Q3 2026 * * § Reiterating long-term ambition to maintain gross margin >50% *Q2 2024 Adjusted gross margin – excludes inv
Slide 15: Growth, improving margins, and increasing leverage
Growth, improving margins, and increasing leverage Operating model Revenue R&D Copyright © 2026 Nordic Semiconductor. All rights reserved 15
Slide 16: Cash cost development
Cash cost development § High operating leverage – maintaining stable cost Cash OPEX (USDm) base in high growth environment § Year-on-year payroll driven by acquisitions, organic headcount growth, salary increases, accrual of variable pay, and FX § Year-on-year increase in other OPEX driven by higher
Slide 17: 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 3.8% of revenue * *Q3 2025 capex values excludes assets acquired from Memfault and Neuton Copyright © 2026 Nordic Semicond
Slide 18: Cash flow
Cash flow § Positive cash generation from operations, with Cash position and cash flow Q2 2026 (USDm) EBITDA of USD 30.9m including capitalized development costs § Deliberate front-end inventory build, with higher inventory partly offset by higher accounts payable Copyright © 2026 Nordic Semiconduct
Slide 19: Q3 2026 guidance
Q3 2026 guidance Revenue Gross margin § Customer orders and forecasts indicate continued year-on-year USDm revenue growth in Q3 220-240m >50% § Gross margin expected above 50% +23% to +34% +1% to +10% y-o-y q-o-q Copyright © 2026 Nordic Semiconductor. All rights reserved 19
Slide 21: Executing to plan
© Nordic Semiconductor Executing to plan Financially, operationally, and strategically FINANCIAL OPERATIONAL STRATEGIC Q2 revenue § nRF54 Series continuing § Adding software to gain momentum and recurring value USD 219m through nRF Cloud § Long-range continuing to lifecycle services ramp according t

Nordic Semiconductor Ord — Q2 2026 Earnings Presentation on 6ix

Nordic Semiconductor Asa — Nordic Semiconductor Ord — Q2 2026 Earnings Presentation

Slide 1: Quarterly presentation Q2 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: Four key drivers to growth

Slide 8: One partner – from chip to cloud

Slide 9: Growing portfolio and target markets

Slide 10: AI-assisted development tools across lifecycle

Slide 11: Financials

Slide 12: Revenue by technology

Slide 13: Revenue by markets

Slide 14: Gross margin

Slide 15: Growth, improving margins, and increasing leverage

Slide 16: Cash cost development

Slide 17: Capex intensity

Slide 18: Cash flow

Slide 19: Q3 2026 guidance

Slide 20: Closing remarks

Slide 21: Executing to plan

Slide 22: Q&A