Brief: Nordic Semiconductor Expects Q3 Revenue Of USD 150-170 Million

Nordic Semiconductor ASA

08/08/2024 06:08

Aug 8 (Reuters) - Nordic Semiconductor ASA  NOD.OL :
    * Q3 REVENUE GUIDANCE CORRESPONDS WITH A YEAR-ON-YEAR
REVENUE
INCREASE OF 11%-26% COMPARED TO Q3 LAST YEAR
    * EXPECTS A GROSS MARGIN OF AROUND 50% FOR Q3, IN LINE WITH
ADJUSTED GROSS MARGIN FOR Q2
    * REITERATES ITS LONG-TERM AMBITION TO MAINTAIN A GROSS
MARGIN
LEVEL ABOVE 50%
    * WILL PRESENT ITS STRATEGY AND LONGER-TERM AMBITIONS IN
MORE
DETAIL ON A CAPITAL MARKETS DAY IN OSLO ON SEPTEMBER 26, 2024
    * EXPECTS REVENUE OF USD 150-170 MILLION IN Q3, WHICH
HISTORICALLY
IS SEASONALLY STRONGEST QUARTER OF YEAR

Source text for Eikon:  ID:nObiqYT4Na 
Further company coverage:  NOD.OL 

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