Financial outlook, strategies and objectives (updated April 2026)

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 EnerOY

  
  
  

• 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

Faster time-to-market

Developer community

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

"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 →

750

700

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 TOO

  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

SA

Tomorrow

13

Nordic Semiconductor

Four major trends defining our opportunity

Nordic Semiconductor

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

Copyright © 2025 Nordic Semiconductor. All rights reserved

Long-Range

Wi-Fi

Power Management

Copyright © 2025 Nordic Semiconductor. All rights reserved

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 pFOCU! Ct StFQtO@/

Customer centric broadening of the portfolio

53 |52

o *

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 que qrowth 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/

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

nRF54 Series gains market traction

Engagement from key and broad market customers

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

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    Memory size

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  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

4th generation Nordic radio

process node for connectivity in IoT

equipped to support future Bluetooth specification updates

OBluetoath"

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

38

Ultra-low-power performance

Bluetooth LE advertising scenario

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

Greater performance

4 5 6

Competitor

ss ng per*or (CoreYa k)

Lower power consumption

4 5 6

Competitors Process ng elf ency