Nordic Semiconductor surges on Q4 beat, Q1 2025 sales target

Nordic Semiconductor ASA

05/02/2025 08:51

** Nordic Semiconductor  NOD.OL  shares rise 15.2% after the
Norwegian fabless chip maker beat Q4 sales expectations and
announced Q1 sales outlook ahead of consensus
    ** The company reported Q4 sales of $150 million, 7.5% ahead
of consensus, as quoted by J.P. Morgan
    ** Nordic Semiconductor also guided for Q1 2025 sales of
$140-160 million, citing orders from individual customers
offsetting seasonal slowdown
        ** The midpoint of Q1 sales target range stands 25.9%
ahead of consensus, says the brokerage
    ** JPM says individual customer wins, a possible ramp-up of
the nRF54 product are sparking a revival in Nordic's revenue 
    ** Barclays also notes Q1 outlook ahead of consensus 
        ** "The key from here is whether this sustains into
2025," it adds
  
    ** Nordic Semiconductor shares track best day since late
April 2024, if gains hold

 (Reporting by Tristan Veyet)
 ((tristan.chabba@thomsonreuters.com))