Event information
Nordic Semiconductor will release its Q2 2026 earnings report on Thursday 6 August 2026 and will enter its regular quiet period on 13 July 2026.
Ahead of the quiet period the company limits its communication about the quarter to pre-close comments such as this document, which are being published on the company’s IR website. These comments do not contain inside information.
Nordic Semiconductor would like to remind analysts and investors about certain publicly known factors from its previous financial reports and earnings calls which might be relevant to consider ahead of the Q2 report:
In the financial report for the first quarter of 2026, the company issued a revenue guidance range of USD 200 - 220 million for Q2 2026, with a gross margin above 50%. Nordic Semiconductor also reiterated its long-term ambition to maintain a gross margin level above 50%.
Revenue amounted to USD 192 million in the first quarter of 2026, a 24% increase from the same quarter in 2025. The continued revenue growth reflects Nordic's strong competitive position in a growing market in Short-range, a growing Long-range business, and the effect of strategic acquisitions during 2025. On a rolling 12-months basis, revenue increased by 19% year-on-year to USD 705 million.
The reported gross margin increased to 52.1% from 49.5%. This improvement was primarily driven by changes in customer and product mix, higher sales in the broad market, and positive contribution from cloud services revenue after the Memfault acquisition.
During the first quarter, Nordic expanded the next-generation nRF54L Series, strengthening its leadership in ultra-low-power Bluetooth LE and edge AI. With new edge AI capabilities, deployment of on-device intelligence for battery-powered IoT devices is simplified even more, while the portfolio expansion with entry-level nRF54LS05A and nRF54LS05B Bluetooth LE SoCs will broaden and support Nordic’s reach into cost-sensitive product segments, supporting its broad market strategy.
At Mobile World Congress 2026, Nordic announced a major expansion of its future‑ready cellular IoT portfolio, reinforcing long-range connectivity as a strategic growth engine alongside the company's established short-range portfolio. The announcements marked an important step in scaling Nordic’s cellular solutions to deliver secure, resilient, and global connectivity as cellular networks and satellite non‑terrestrial networks (NTN) continue to evolve, supporting long‑term stability and predictability for customers developing connected products with long operational lifetimes.
Nordic also launched a lifetime flat-rate firmware-over-the-air (FOTA) solution within nRF Cloud and its lifecycle services. The offering enables customers to meet EU Cyber Resilience Act requirements with secure, lifetime firmware updates and predictable pricing. This represents an important step in expanding Nordic’s software and services capabilities while strengthening long-term customer value.
The total number of new Bluetooth LE designs certified by the Bluetooth SIG was 415 in the first quarter, of which 133 featured Nordic components. Nordic remains a clear market leader in terms of product certifications with around three times as many certified designs featuring Nordic components as any competitor.
Note that product certifications with Nordic components still mainly reflect nRF52 Series and nRF53 Series products, with a little more than 15% of the certified products in Q1 built on nRF54 Series products.
The revenue and margin developments through 2025 supported the long-term financial ambitions presented in 2024: to deliver average annual revenue growth above 20% for the Group through the decade and to move towards the target operating model profitability level of ~25% EBITDA margin within five years.