(Oslo, Norway – October 29, 2025) Nordic Semiconductor ASA reports revenue of USD 179 million for the third quarter 2025, an increase of 13% from the third quarter 2024 and up 9% from the previous quarter. Gross margin was 52% in the third quarter and reported EBITDA USD 16 million. Adjusted EBITDA was USD 18 million when adding back share-based compensation related to the acquisition of Memfault.
Short-range revenue increased by 7% year-on-year, and the revenue growth was supported by almost a fourfold increase in Long-range revenue.
-We maintain a strong competitive position in Short-range and saw healthy demand across all main verticals and from both larger key customers and in the broad market, says CEO Vegard Wollan in Nordic Semiconductor.
-We continue to launch new product versions in our new nRF54 Series which we expect will support our revenue growth from 2026 onwards. We also see higher contribution from Long-range, with a positive impact from cloud services after the acquisition of Memfault, says CEO Vegard Wollan in Nordic Semiconductor.
The company completed the strategic acquisition of Memfault and the purchase of the IP and assets of Neuton.ai during the third quarter and successfully raised net USD 103 million of new equity to fund the acquisitions.
Based on current customer orders, forecasts and acquired business, Nordic expects revenue for the fourth quarter 2025 of USD 155-175 million.
Gross margin was 52% in the third quarter 2025 and is expected to remain above 50% in the fourth quarter. Nordic reiterates its long-term ambition to maintain a gross margin level above 50%.
The revenue and margin developments through the first nine months of 2025 support the long-term financial ambitions presented in 2024; to deliver average annual revenue growth above 20% through the decade and to move towards the target operating model profitability level of ~25% EBITDA margin within five years.
Practical information:
CEO Vegard Wollan and CFO Pål Elstad will host a webcast presenting the third quarter 2025 results today at 08:00 CET. The presentation will be held in English and can be followed live via webcast on the IR pages at www.nordicsemi.com, with a recorded version being made available after conclusion of the presentation.
The virtual audience will be given the opportunity to ask questions through a Q&A dial-in function.
Conference code : 286203
NO: +47 2195 6342
DK: +45 7876 8490
SE: +46 8 1241 0952
FR: +33 1 8122 12 59
UK: +44 203 769 6819
US: +1 646 787 0157
DE: +49 30 2178 9327
For further information, please contact:
Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA Phone: +47 991 66 293
Ståle “Steel” Ytterdal, SVP IR - Nordic Semiconductor ASA Phone: +47 930 37 430
About Nordic Semiconductor:
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions, from proprietary technologies for PC accessories to today’s Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions. Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo stock exchange in Norway. For more information, go to www.nordicsemi.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Kine-Elena Reigstad, VP International Finance, Nordic Semiconductor ASA, on October 29, 2025, at 07:00 CET.