Nordic Semiconductor (NOD) Q1 2026 earnings summary

Executive summary

• Revenue grew 24% year-over-year in Q1 2026, reaching $292 million or USD 192.4 million, with strong growth across both short-range and long-range segments and continued product innovation.

• Gross margin improved to 52.1% from 49.5% a year ago, supported by favorable product mix and increased cloud services revenue.

• Adjusted EBITDA rose over 60% year-over-year to $24 million or USD 23.9 million, with EBITDA margin at 12.4%.

• Strategic focus on expanding addressable markets, launching new products, and evolving into a chip-to-cloud wireless solutions provider.

• Net profit after tax increased to USD 10.6 million from USD 1.1 million a year earlier.

Financial highlights

• Q1 2026 revenue: $292 million or USD 192.4 million, up 24% year-over-year and 14% sequentially; trailing 12-month revenue: $705 million, up 19%.

• Gross profit exceeded $100 million, with gross margin at 52.1%, up 2.6 percentage points year-over-year.

• Adjusted EBITDA margin improved to 12.4%, with adjusted EBITDA at $24 million or USD 23.9 million.

• Cash and cash equivalents ended at $280 million or USD 279.7 million after share buyback.

• CapEx was $9.2 million, reflecting investments in manufacturing capacity and product ramp-up.

Outlook and guidance

• Q2 2026 revenue guidance: $200–$220 million or USD 200–220 million, representing 22–34% year-over-year growth.

• Gross margin expected to remain above 50% in Q2 and long-term ambition to keep gross margins above 50%.

• Long-term goal of average annual revenue growth above 20% through the decade and progress toward 25% EBITDA margin.