Nordic Semiconductor : Financial outlook, strategies and objectives (updated April 2026)

About this update from Nordic Semiconductor Asa

Nordic at a glance Copyright © 2025 Nordic Semiconductor. All rights reserved Simplifying lives through all things connected Fabless semiconductor company specialized in low " " cower wireless connectivity and emDeaaed : .› - processing for loT " ▪ Market leader in Bluetooth Low Ener OY Early aaopter of Tnreaa (802.15.4) and support for Zigbee. Active contri Dution to Matter development Launched Wi-Fi 6 connectivity (aual band) Complementing ultra-low power solutions with innovative PMIC's Ea rly mover in cellular loT & 5G with LTE-M, NB-loT, DECT NR+, Non-Terrestrial Networks (NTN} satellite connectivity ana Lifecycle Services Value aneed oevice control and management through nRU Cloud 3 Nordic Semiconductor Broad portfolio - scalable solutions - common software platform Strong product and solutions portfolio... ...for short-, medium- and long-range connectivity technologies Low-power integrated circuits (ICs) Short-range IoT Medium-range IoT Long-range cIoT Embedded software Bluetooth" SG LTE n,r Advanced development tools Range Extenders Nordic Semiconductor Deliver a complete connectivity solution World-class support Faster time-to-market Developer community Device management Embedded observability Location services Next-gen hardware Embedded software Customer device Cloud lifecycle services ICs, SoCs, SiPs, PMICs nRF Connect SDK Unified software Consumer 3rd party modules Embedded SW stacks Mobile Apps Extensive SW/HW development tools Healthcare Extensive technology partner program Online hands-on trainings Industrial Our tech sooI one a:e recogn zed qlobslly WORLD'S MOST SUSTAINABLE COMPANIES slatldaa 2024 8 2025 Embedded World 2026 2025 Time magazine and Statista 2025 World Electronics Achievement Awards "nRF54LM2OB" won tne EmDeaaea Worla "Best in Snow" Awara Named one of the nRF54L15 "Worlds lost Sustainable awaraea RF/Wireless/Microwave Companies" Product of tne Year" Nordic Semiconductor Res ! cut enpp!y chs n Norwegian company R&D in Norway, Finlana, Sweden, OK, Poland, Ina ia ana USA All development in-house Water Oroducton ousourceotoTSMC ano GoDalFounores Facilities in Taiwan and Germany Test and packaging outsourced to ASE, Amkor anoOorvo Facilities in Taiwan, Pnilippines ana Cnina Nordic Semiconductor 2024: Reorgsn z rig w th 4 new bus ness un ts Short-range, Long-range, Wi-Fi & Power Management (PMIC) Short-range Byvind Strern PUCSAOq-raw e Wi-Fi Joakim Ferm Long-range 6yvind Birkenes EVD Lan -ran e PMIC Kjetil Holstaa rate and Product Dana emen Strengthening executive management team and improving accountability and autonomy Sharpening the focus or products and development roadmaps Customer centric and agile approach to improve market responsiveness and shorten time-to-market Seeking to improve return on our R&D investments and our world-class engineering teams 8 Nordic Semiconductor Nord c s on s long-Asst ng growth Journey 800 Innovation unlockin market waves Widespread IoT adoption → Emerging IoT markets → Wearables → Game controllers → PC peripherals → 7 5 0 7 00 65O 600 SSO SOO Revenue, USDm *50 *OO 350 300 250 200 150 lOO 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 202 2025 LTM Q1 2026 Short-range Long-range Proprietary ]O Nordic Semiconductor Markets showing recovery Weak demand in a!! markets through 2023 800 700 Short-range revenue by end-user markets, last 12 months (USDm) Markets stabilized, and T OO started improving during 2024 Continued improvement in 2025 and into 2026 reflecting higher demand from both key customers and the broad market Other InoustraI ano Healthcare Nordic Semiconductor Aligned with customers end-products and our sales structure Markets Verticals COOSoEn lnaustrial/healthcare Other Mobile/PC HID WearaDles Smart Home Gaming VR/AR Drup Delivery Disease Monitoring Hearing Aias Asset Tracking Professional LiQhtinp Metering Catalog sales Undefinea Consumer Asset Tracxinp Consumer Health Consumer Transport Toys Auaio Modules Retail Transoortation Payment /1D Tools and Macni nery Building Automation Remotes Wireless Charging Otner Agriculture Beacons Maker and Education Automotive Otner Nordic Semiconductor Customer investment in product development ]OO% 8O% 20% Prehistory Yesterday TOOay Cloud SA Tomorrow Nordic is providing solutions to our customers reaching beyond ICs Investments in Software, Cloud, Edge AI and Security is essential for the next growth wave 13 Nordic Semiconductor Four major trends defining our opportunity Nordic Semiconductor Consumer Connected health Industrial IoT Machine learning Work, Play, Live disruption disruption at the edge smart edge devices agriculture ++ trackers ++ the go ++ aelivery remands tracking, infrastructure, arug aelivery, healtn work, at nome, ana on Secure real-time aata Auomaton, asse Medical monitoring, Staying connectea, at 15 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 demand for edge node intelligence All intellectual property, 13 highly skilled engineers and data scientists Nordic to capitalize on the opportunity by offering developers a robust, ready-to-scale AI/ML toolkit combined with the performance of Nordic's ultra-low power SoCs Applications: consumer, healthcare, and industrial markets Copyright © 2025 Nordic Semiconductor. All rights reserved 17 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, customers, 60 employees in the US and EU Nordic will integrate Memfault's capabilities across its complete product portfolio and into its existing nRF Cloud services platform Offer software services to remove complexity and add value for thousands of customers who can now focus on product innovation Applications: customers that need highest device reliability without field returns and stay ahead of industry and regulatory expectations 18 Copyright © 2025 Nordic Semiconductor. All rights reserved A complete solutions provider- from device to cloud Expanding the strategic scope in alignment with our long-term ambitions Customer Executed two strategic acquisitions accelerating Nordic's transition from a HW company to a complete solution partner Nordic the first semiconductor company to combine best-in-class hardware, software, edge AI and cloud services Building, deploying and upgrading connected Market leaderships across three fundamental pillars SoCs and ref designs Product features Cloud lifecycle management SDKs, SW stacks and dev tools Apps and UX Application codes Nordic products to meet evolving requirements and increasing software complexity Hardware Software Services Copyright © 2025 Nordic Semiconductor. All rights reserved 19 Broaden rig on: technology spsce ( ) Sound investment criteria across technolo9 ies, products, services and verticals Cloud Services Sizeable markets Growth above industry average Oppmtu nity for he thy gross-margins Opportunity to grow market share Feasibi! ity from technical and financial viewpoint and time to market 20 Nordic Semiconductor Interface & Sense Ultra-low-power SoC Ecosystem Software AI/ML Compute/Processing Security Connectivity Power Management Copyright © 2025 Nordic Semiconductor. All rights reserved Short-Range Long-Range Wi-Fi Power Management Copyright © 2025 Nordic Semiconductor. All rights reserved Broad product portfolio Software, tools and edge AI Standard ecosystems World-class support SoCs/MCUs Embedded 3rd SW stacks party modules nRF Connect SDK Unified software Developer community Online hands-on Extensive SW/HW trainings development tools Extensive technology partner program Copyright © 2025 Nordic Semiconductor. All rights reserved 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 Competitors Nordic end-product certifications LTM 466 designs 31% share Q1'26 133 designs 32% share Copyright © 2026 Nordic Semiconductor. All rights reserved Source: Nordic Semiconductor / Bluetooth SIG 25 /UCCOSStU I S SOFt- FQ F1gO p FOCU! Ct StFQtO@/ Customer centric broadening of the portfolio 53 |52 o * High-end Mid-range Entry-level Broad of ultra-low power SoCs Multiprotocol oroaucts comDiDiDQ Bluetooth LE, Bluetooth mesn, ANT, NFC, Matter, Thread and Zipbee Leatngtnernarketonpowerconsurnpton, performance ana features to all types of applications From entry-level SoCs for cost constrainea applications to hiph-ena SoCs for complex IoT Executing same customer centric strategy for nRF54 series 26 Nordic Semiconductor Requirements Dual-core wireless SoC Extended memory Supports LE Audio Legacy series Billions SoCs shipped to thousands of customers Revolutionary multiprotocol System-on-chip (SoC) For new IoT products not possible before Bringing the market-leading nRF52 Series to the next level For next-generation IoT products SoC Series Copyright © 2025 Nordic Semiconductor. All rights reserved Un q ue q rowth oqqortun ty Driven by the launch of nRF54 Ramp-up of the initial nRF54 Series SoCs Ramp-up of more proauct families Ram p-up of the nRF54 Series set to drive growth through the decade Gradual transition from current nRF52 Series Ro!! irig out a compet itive nRF52 Series " portfo! io covering our full SAM 2023 202° 2025 2026 2027 2028 28 Nordic Semiconductor Driving growth by product expansion and world-class differentiation New High-end/ High performance Mid-range/ Mainstream Entry-level/ New Fit for purpose nRF54LM20B availability, with integrated Axon NPU for edge AI - differentiating at the high-end New, entry-level nRF54LS05 variants expand reach into cost- and power-sensitive applications CopCyorpigyhritg©ht 2©0 2602N6oNrdoicrdSicemSeicmoincdouncdtuocrt.oArl.l Arilgl hritgshrtessreersverdved Short-range product roadmap Aggressively expanding the product offering Short-Range Long-Range Wi-Fi Power Management Fit for purpose Low voltage Ultra-low power Size constraints Mainstream Ultra-low power Radio performance Range of products High performance Multicore MCU Ample memory Rich peripherals 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 © 2025 Nordic Semiconductor. All rights reserved nRF54LM20A nRF54LM20B 2 MB / 512 KB 2 MB / 512 KB nRF54L15 1.5 MB / 256 KB nRF54LV10A 1 MB / 192 KB (low-voltage) nRF54L10 1 MB / 192 KB nRF54LS05B 0.5 MB / 96 KB nRF54L05 0.5 MB / 96 KB nRF54LS05A 0.5 MB / 64 KB More Coming soon Memory size ▪ ▪ ▪ ▪ Representation of available peripherals and interfaces Copyright © 2025 Nordic Semiconductor. All rights reserved 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 advanced connectivity High-Speed USB and higher GPIO count provide richer connectivity options and greater design flexibility Core markets: Consumer, smart home, industrial Copyright © 2025 Nordic Semiconductor. All rights reserved 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 Advanced security features like secure boot, secure firmware updates, secure storage and integrated tamper sensors Deep sleep hibernation mode for shipping and storage 30-50% lower power consumption in common Bluetooth LE use cases vs. previous generation World's first Bluetooth LE SoC combining low-voltage operation with Bluetooth Channel Sounding for positioning and presence detection Copyright © 2026 Nordic Semiconductor. All rights reserved Copyright © 2026 Nordic Semiconductor. All rights reserved Next generation wireless IoT We are taking performance to the next level Best-in-class 2.4 GHz Radio MCU Processing Power & Efficiency Ultra-low power Security Copyright © 2025 Nordic Semiconductor. All rights reserved Cornerstones of the nRF54 Series Higher processing power lower power consumption 22nm Smallest and most modern nRF More security integrated ensuring its readiness for the next generation of IoT 4 t h generation Nordic radio process node for connectivity in IoT equipped to support future Bluetooth specification updates O Bluetoath" 5.4 LE Aua io Mesh matter 4 HR E A D Ed 2.4 GHz d MDOS throug hDUt 37 Nordic Semiconductor Nordic Semiconductor A step change in performance processing power than nRF52 Series energy efficiency than nRF52 Series reduced radio power consumption 38 Ultra-low-power performance Bluetooth LE advertising scenario 43% reduction 141 uA 81 uA Wearable Smartphone Note: Bluetooth LE Advertising (TX/RX), Interval: 100ms, TX Payload: 31 bytes, Supply voltage: 3V. Estimate your application power consumption using Nordic Online Power Profiler Copyright © 2025 Nordic Semiconductor. All rights reserved Up to 50% Common use cases 30% 39 Greater performance 4 5 6 Competitor ss ng per*or (CoreYa k) Lower power consumption 4 5 6 Competitors Process ng elf ency Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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