Nordic provides mid-quarter update:
- Updated guidance for Q4 2016 revenue to MUSD 52-54
- nRF52 yield issue resolved, however depletion of
inventories result in gross margins of 46-47%
- Continued strong design win momentum with Tier 1
customers
Updated guidance for Q4 2016
The guiding for Q4 2016 provided during the Q3 2016
presentation was a revenue of MUSD 54-57, Nordic
updates the guidance to MUSD 52-54. During Q4 2016 we
have regained the revenue loss within Bluetooth of two
major customers/designs in 2015.
Although solution for the nRF52 yield issue has been
rectified, depletion of Q3 inventory will, as
communicated in the Q3 report, continue to negatively
impact gross margins in Q4. Q4 gross margins are
expected to be in the 46-47% range.
Continued strong momentum with Bluetooth
The strong underlying growth rate in Bluetooth, as
communicated throughout the year and at the Q3 2016
presentation, continues, fueled by a strong growth in
number of customers.
Nordic continues to report Strong tier 1 design win
momentum in Bluetooth. This has escalated with the
nRF52 and we have during Q4 2016 announced design wins
with both Garmin and Xiaomi.
Launch of higher-end nRF52 Series IC and Bluetooth 5
Nordic launched on December 6th a new nRF52 Series
SoC, the nRF52840. The new chip extends Nordic
existing nRF52 Series line-up with a higher-end,
higher value single-chip solution for advanced
Bluetooth products including wearables, voice remotes
and smart home products. nRF52840 also includes
support for the IEEE 802.15.4 radio standard that
forms the foundation for other complementary short-
range wireless technologies including Thread, ZigBee
and RF4CE.
Aligned with the Bluetooth SIG's adoption of Bluetooth
5 on December 7th, Nordic announced the imminent
launch of its Bluetooth 5 software solution for both
the existing nRF52832 and the new nRF52840 SoCs. With
significant improvements to range, speed and broadcast
capacity, Bluetooth 5 is a major step forward for
short range IoT.
For further information, please contact:
Thomas Embla Bonnerud, Director of Strategy and IR.
+4795100257
Pål Elstad, CFO. +4799166293