Nordic Semiconductor

Earnings Release • Apr 29, 2025

NOD: First quarter results 2025

NOD: First quarter results 2025

(Oslo, Norway – April 29, 2025) Nordic Semiconductor ASA reported revenue of USD 155 million for the first quarter 2025, more than a doubling from the first quarter 2024 and an increase of 3% from the previous quarter. Gross margin was 50% in the first quarter, and EBITDA USD 15 million.

The year-on-year improvement reflects a continuation of a gradual market recovery over the past year, supported by particularly high deliveries to individual large customers in this quarter. Long-range revenue doubled and Short-range revenue more than doubled year-on-year, reflecting solid growth across all verticals and customer segments. Note that the strong year-on-year growth also reflects that revenue in the first quarter last year was significantly impacted by distributor inventory adjustments.

-We continue to make good progress both operationally and financially and are on track with a product portfolio renewal that is designed to drive growth for years come. We see high design activity with our new nRF54 Series in the short-range business and the launch of nRF9151 last year has opened a larger part of the long-range market. In the years ahead we are moving the portfolio onto more cost-efficient product platforms, which will further support the long-term outlook for profitable growth, says CEO Vegard Wollan in Nordic Semiconductor.

Looking ahead, Nordic recognizes increased risk due to ongoing trade tensions, shifting policies, and tariffs. The complex nature of the global semiconductor value chains makes the broader impact hard to predict, and there are also potential ripple effects on currencies, interest rates, and demand. Nordic navigates the more uncertain environment by continuing its efforts to strengthen supply chain resilience and maintaining close customer collaborations to support customer needs.

Based on current customer orders and forecasts, Nordic expects revenue for the second quarter 2025 of USD 145-165 million, although it should be noted that the developments over the past months have added risk and uncertainty related to any forward statements or guidance.

Practical information:

CEO Vegard Wollan and CFO Pål Elstad will host a webcast presenting the first quarter 2025 results today at 08:00 CEST. The presentation will be held in English and can be followed live via webcast on the IR pages at www.nordicsemi.com, with a recorded version being made available after conclusion of the presentation.

The virtual audience will be given the opportunity to ask questions through a Q&A dial-in function.

Please see the details below

Conference code : 286203

NO: +47 2195 6342

UK: +44 203 769 6819

US: +1 646 787 0157

DK: +45 7876 8490

SE: +46 8 1241 0952

DE: +49 30 2178 9327

FR: +33 1 8122 1259

For further information, please contact:

Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA Phone: +47 991 66 293

Ståle Ytterdal, SVP IR - Nordic Semiconductor ASA Phone: +47 930 37 430

About Nordic Semiconductor:

Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions, from proprietary technologies for PC accessories to today’s Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions. Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo stock exchange in Norway. For more information, go to www.nordicsemi.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine-Elena Reigstad, VP International Finance, Nordic Semiconductor ASA, on April 29, 2025, at 07:00 CEST.