Q1 2026 Nordic Semiconductor ASA Earnings Call Transcript
Key Points
- Revenue increased by 24% to $192 million in Q1 2026, continuing a solid growth trend.
- Gross margin improved to 52.1% from 49.5% in the same quarter last year.
- EBITDA increased to $24 million, up from $15 million in Q1 2025.
- Strong growth in both short-range and long-range segments, with long-range revenue up 66% year-over-year.
- Successful product launches, including the nRF54L series and the nRF92 series, expanding market reach and capabilities.
- Broad market revenue, although up 40% from 2024 lows, remains 25% below peak levels from 2022.
- R&D investments in long-range and early-stage businesses are high compared to revenue, impacting short-term profitability.
- Cash operating expenses increased to $78 million, driven by payroll and currency fluctuations.
- CapEx increased significantly to $9.2 million, reflecting planned investments in manufacturing capacity.
- Operating cash flow was close to breakeven, impacted by higher receivables and inventory levels.
At this time, I would like to welcome everyone to this Nordic Semiconductor Q1 2026 presentation. (Operator Instructions) This call is being recorded.
I would now like to hand the call over to Head of Investor Relations, Stale. Please begin.
Thank you, Rasmus, and good morning, everyone. Please note that this presentation is being recorded and will be accessible on the Nordic website in the Investor Relations section. Additional, for those of you missing this release, you can find the earnings press release quarterly report and presentation materials also on our IR website.
With me today. We have our CEO, Vegard Wollan; and our CFO, Pal Elstad. They will share details about our recent financial performance and updates on key business development. Following the presentation, we will move on to the Q&A session, during this time, live questions can be submitted through the Q&A dial-in feature. For instruction on how to do dial-in, please refer to the
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