Nordic Semiconductor (NOD) Q2 2026 Post Call earnings summary

Executive summary

• Q2 2026 revenue reached USD 219 million, up 33% year-over-year, with gross margin improving to 53.1%–53.3% and EBITDA margin between 15.4% and 17%.

• Growth was broad-based across all segments, geographies, and markets, with strong momentum in both short-range and long-range wireless solutions.

• AI-assisted development tools and expanded cloud services enhanced developer productivity and product lifecycle management.

• Strategic focus on expanding addressable markets, lifecycle value, and chip-to-cloud solutions, with continued leadership in Bluetooth Low Energy.

• New leadership appointments and sustainability recognition supported strategic priorities.

Financial highlights

• Q2 2026 revenue: USD 219 million (up 33% YoY); gross margin: 53.1%–53.3% (up 2.4 p.p. YoY); EBITDA margin: 15.4%–17%.

• Adjusted EBITDA reached USD 36.3 million; net profit after tax in Q2: USD 16.4 million.

• Cash and cash equivalents at period end: USD 276 million.

• Capex intensity at 3.8% of revenue over the last 12 months.

Outlook and guidance

• Q3 2026 revenue guidance is USD 220–240 million, implying 23%–34% year-over-year growth.

• Gross margin expected to remain above 50% in Q3.

• Long-term targets reaffirmed: annual revenue growth above 20%, gross margin above 50%, and progress toward 25% EBITDA margin.

• Strategic inventory and test capacity build-up underway to support future growth, especially for next-generation products.