Event information
As we approach the release of our Q3 2025 earnings report on Wednesday 29 October 2025, Nordic Semiconductor enters its regular quiet period on 1 October 2025.
As communicated on 13 March 2025, Nordic Semiconductor has discontinued the practise of hosting pre-close group calls and limits its communication ahead of the quiet period to pre-close comments such as this document. These pre-close comments are being published on the company’s IR web and do not contain inside information.
Nordic would like to remind analysts and investors about certain publicly known factors from our previous financial reports and earnings calls which might be relevant to consider ahead of the Q3 report:
In the financial report for the second quarter 2025, the company issued a revenue guidance range of USD 165 - 185 million for Q3 2025 with a gross margin around 50%, Nordic also reiterated its long-term ambition to maintain a gross margin level above 50%.
Nordic Semiconductor reported revenue of USD 164 million in the second quarter 2025, representing a year-on year growth of 28% and an increase of 6% from the previous quarter. The year-on-year revenue increase reflected continued higher demand among both key customers and the broad market. Nordic stated that it had maintained a strong competitive position, enabling it to benefit from a continuing gradual market recovery. Also, the company saw high orders from individual large customers in both the first and second quarter. The reported gross margin was 50.7%, driven by changes in customer and product mix.
Nordic continued to receive strong interest and orders from a broadening customer base during Q2 2025. Nordic saw the first certifications with products using the nRF54 Series and early design-wins also progressed well. While revenue contribution is still expected to remain limited in 2025, Nordic remains confident that the nRF54 Series will see accelerating growth from 2026 onwards. Early customer responses have reinforced confidence in the technology platform's long-term potential and its role in driving future growth.
In Q2 2025, Nordic Semiconductor took two major steps toward redefining the future of connected products, acquiring the core technology of TinyML pioneer Neuton.AI and the market leading cloud platform provider Memfault. With Neuton.AI, Nordic unlocks scalable, ultra-efficient edge AI across its entire portfolio of world-class wireless SoCs - especially the nRF54 Series - enabling always-on machine learning (ML) in even the most resource-constrained devices. At the same time, the acquisition of Memfault positions Nordic as the first semiconductor company to offer a complete chip-to-cloud platform combining world-class hardware, software, and chip-to-cloud services.
These strategic moves reinforce Nordic’s transformation from a wireless chip or hardware provider into a complete chip-to-cloud solution partner and leader in edge AI - delivering intelligence, manageability, and reliability from edge to cloud.
With 2024 as the base level - Nordic’s longer-term financial ambition on the Group level is to deliver average annual revenue growth above 20% through the decade, and to move towards its operating model profitability level of ~25% EBITDA margin within five years.