Nordic Semiconductor (NOD) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of $219 million, up 33% year-over-year, with gross margin improving to 53.1% and adjusted EBITDA reaching $36 million (16.6% margin).

• Growth was broad-based across consumer, industrial, and healthcare markets, with strong momentum in both short-range and long-range product lines.

• Launched AI-assisted development tools and expanded cloud services, enhancing developer experience and product lifecycle value.

• Organization strengthened with new executive hires and sustainability recognition to support strategic growth.

• Strategic focus on expanding addressable markets, lifecycle value, and chip-to-cloud solutions.

Financial highlights

• Q2 2026 revenue: $219 million (+33% YoY, +14% QoQ); gross margin: 53.1% (up from 50.7% YoY); adjusted EBITDA: $36 million (16.6% margin); net profit after tax: $16.4 million (+62% YoY).

• Consumer revenue: $125 million (+25% YoY); industrial/healthcare: $86 million (+45% YoY); other revenue: $4.2 million (+86% YoY).

• Long-range revenue nearly doubled to $15 million; short-range revenue: $200 million (+29% YoY, >90% of total).

• Gross profit: $116 million (+40% YoY); cash and equivalents: $276 million.

• CapEx: $8 million in Q2; CapEx intensity 3.8% (last 12 months).

Outlook and guidance

• Q3 2026 revenue guidance: $220–$240 million (YoY growth 23–34%, midpoint 28%; sequential growth 1–10%).

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

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

• Continued growth anticipated in short-range, long-range, and cloud services segments.

• Customer orders and forecasts indicate continued strong demand.