Nordic Semiconductor (NOD) Q3 2026 Post Call earnings summary

Executive summary

• Q3 revenue reached a record $235.5m, up 31.6% YoY and 8% QoQ, on broad-based demand across consumer, industrial and healthcare markets.

• Execution included growth across short- and long-range products, nRF54 traction and adoption of AI-assisted development tools.

• Strategy remains focused on portfolio renewal, share gains, new markets and increasing value per customer; progress toward long-term ambitions was described as on track.

Financial highlights

• Gross profit rose 33.9% YoY to $124.4m; gross margin increased 0.9 percentage points to 52.8%, supported by mix, broad-market customers and higher-margin cloud services.

• Adjusted EBITDA rose to $39.8m from $18.3m, with margin increasing to 16.9% from 10.2%; figures exclude acquisition-related share-based compensation.

• EBITDA was $38.5m versus $15.7m; net profit was $26.9m versus $0.9m in Q3 2025.

• EBIT increased to $27.3m from $4.4m; profit before tax was $25.2m versus $0.8m, and EPS was $0.135 versus $0.004.

Outlook and guidance

• Q4 revenue guidance is $215m–$235m, representing 27%–39% YoY growth; gross margin is expected to exceed 50%.

• At the guidance midpoint, FY 2026 revenue growth is expected to be 31%, with gross margin at or above 52%.

• Long-term objectives include average annual revenue growth above 20% from 2024 through decade-end, gross margin above 50% and progress toward a 25% EBITDA margin.

• Scale-up businesses were described as tracking toward profitability within promised timelines; the nRF71 Series is nearing launch after timing delays.