Norway's Nordic Semiconductor Q1 revenue beats on broad-based demand

Nordic Semiconductor ASA

28/04/2026 06:09

Overview

Norway wireless chipmaker's Q1 revenue rose 24% yr/yr, beating analyst expectations

Q1 EBITDA beat analyst expectations, gross margin improved to 52%

Company sees Q2 revenue of $200-220 mln, gross margin expected above 50%

Outlook

Nordic expects Q2 2026 revenue between $200 mln and $220 mln

Company expects Q2 gross margin above 50%

Nordic maintains long-term goal of average annual revenue growth above 20% through 2030

Result Drivers

BROAD-BASED DEMAND - Co said revenue growth reflected higher demand across both short-range and long-range wireless technologies, and in consumer, industrial and healthcare markets

PRODUCT RENEWAL & EXPANSION - Co cited ongoing product renewal and expansion of its addressable market with new short-range and long-range products

Company press release: ID:nObig4fWGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$192 mln
$183.97 mln (9 Analysts)
Q1 Gross Margin
52.00%
Q1 EBITDA
Beat
$21 mln
$19.05 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Nordic Semiconductor ASA is NOK163.50, about 10.4% below its April 27 closing price of NOK182.40

The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 59 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)