Nordic Semiconductor ASA (LTS:0FF9)
kr 136.9 -1.25 (-0.9%) Market Cap: 26.53 Bil Enterprise Value: 25.64 Bil PE Ratio: 0 PB Ratio: 4.35 GF Score: 89/100
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Q2 2021 Nordic Semiconductor ASA Earnings Call Transcript

Jul 13, 2021 / 06:00AM GMT
Release Date Price: kr249.2 (+5.68%)
Svenn;Tore Larsen
Nordic Semiconductor ASA - CEO & President

Welcome to Nordic Semiconductor quarterly presentation for Q2 2021. PÃ¥l Elstad and myself will show you what happened through Q2. PÃ¥l will dive into the financials, and I'm going to show a little bit of happenings in Q2 and also a little bit about what's going to happen going forward, the rest of 2021.

We had a strong demand in all end user markets. We have a strong demand, and we basically managed the supply. Growth was capped by the wafer supply. The revenue ended at $147.6 million. It was up 67% year-on-year and up 3% quarter-on-quarter. Our gross margin ended at 50.9%, which is 1 point down from year-to-year, up 0.7% quarter-on-quarter.

Bluetooth revenue stood for $123 million, 75% growth; proprietary, 17.7 million, 8% growth; and cellular IoT, for the first time, I would say we got meaningful revenue at $4.6 million, was a growth of close to 300%.

So all over, I mean, Q2 was a decent quarter. It could have been significant better if there was more wafers available.

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