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).

• Strong momentum in both short-range and long-range segments, with broad-based growth across consumer, industrial, and healthcare markets.

• Product renewal program, AI-assisted development tools, and expanded nRF Cloud services enhanced competitive positioning and developer experience.

• Organization strengthened with new executive hires and sustainability recognition.

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

Financial highlights

• Q2 2026 revenue reached $219 million (+33% YoY); gross margin improved to 53.1%; adjusted EBITDA was $36 million (16.6% margin); net profit after tax in Q2 was $16.4 million (+62% YoY).

• Consumer revenue grew 25% to $125 million; industrial and healthcare revenue rose 45% to $86 million; other revenue doubled to $4 million.

• Long-range revenue nearly doubled to $15 million; short-range revenue increased 29% to ~$200 million, accounting for over 90% of total revenue.

• Cash and equivalents: $276 million at period end.

• CapEx intensity: 3.8% of revenue over the last 12 months, supporting capacity expansion.

Outlook and guidance

• Q3 2026 revenue guidance: $220–$240 million, representing 23–34% year-over-year growth and 1–10% sequential growth.

• 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.