Nordic Semiconductor Posts 24% Q1 Revenue Growth and Lifts Outlook

Nordic Semiconductor ASA ( (GB:0FF9) ) has shared an update.

Nordic Semiconductor reported first-quarter 2026 revenue of USD 192 million, up 24% year-on-year, with gross margin improving to 52% and adjusted EBITDA rising to USD 24 million from USD 15 million. Growth was broad-based across short-range and long-range wireless offerings, consumer and industrial & healthcare segments, and both key accounts and the broader market, lifting rolling 12-month revenue to USD 705 million.

Management highlighted strong operational execution and progress in a major product renewal program, including new wireless products, edge AI hardware and software, and cloud solutions that aim to expand the company’s addressable market and deepen customer relationships. Based on current orders and forecasts, Nordic guides second-quarter 2026 revenue of USD 200–220 million with gross margin above 50%, reinforcing its long-term targets of more than 20% average annual revenue growth, sustained gross margin above 50%, and movement toward a 25% EBITDA margin, underscoring confidence in its growth trajectory and profitability ambitions.

The most recent analyst rating on (GB:0FF9) stock is a Hold with a NOK130.00 price target. To see the full list of analyst forecasts on Nordic Semiconductor ASA stock, see the GB:0FF9 Stock Forecast page.

More about Nordic Semiconductor ASA

Nordic Semiconductor ASA is a Norway-based chipmaker specializing in ultra-low-power wireless solutions, including Bluetooth Low Energy, multiprotocol products, and long-range cellular IoT technologies. The company is a market leader in the ultra-low-power wireless segment, serving consumer electronics, wearables, building and retail, healthcare, and other connected device markets, and is listed on the Oslo Stock Exchange.

Average Trading Volume: 1,158,902

Current Market Cap: NOK37.53B

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