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 and geographies, with strong momentum in industrial, healthcare, consumer, and both short-range and long-range wireless solutions.

• AI-assisted development tools and expanded cloud lifecycle services were launched, enhancing 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 certifications.

• 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%.

• Gross profit in Q2: USD 116.1 million (up 39.5% YoY); adjusted EBITDA: USD 36.3 million.

• Net profit after tax in Q2: USD 16.4 million (up 62.1% YoY); cash and cash equivalents at period end: USD 276 million.

• R&D expenses at 22.8% of revenue; SG&A at 13.7%; capex intensity at 3.8% of revenue.

• Equity ratio: 67.5% at end of Q2 2026; number of employees: 1,465 (up 10.5% YoY).

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 2026.

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

• Customer orders and forecasts indicate continued strong demand.