Q1 2025 Nordic Semiconductor ASA Earnings Call Transcript
Key Points
- Nordic Semiconductor ASA (NDCVF) reported a strong revenue of $155 million for Q1 2025, more than doubling from the previous year.
- The company maintained a healthy gross margin of around 50%, in line with their guidance.
- Nordic Semiconductor ASA (NDCVF) is seeing high design activity with their new nRF54 series, which is expected to drive future growth.
- The company is expanding its long-range business with the nRF9151 launch, including satellite communications capabilities.
- Nordic Semiconductor ASA (NDCVF) has formed strategic partnerships, such as with Deutsche Telekom, to enhance connectivity solutions.
- The company faces increased macroeconomic uncertainty due to changes in international trade policies.
- Revenue from the broad market remains 40% below peak levels, indicating a need to regain traction.
- The transition from the nRF52 and nRF53 series to the nRF54 series is creating a timing gap in product certifications.
- Despite improvements, the EBITDA margin is still at 9.5%, below the long-term target of 25%.
- The weakening of the US dollar compared to NOR and EUR may negatively impact future financial results.
Welcome to Nordic Semiconductor Q1 2025 presentation. (Operator Instructions) This call is being recorded. And I will now hand the call over to Stale Ytterdal. Please begin.
Thank you, and good morning everyone. As Keel said, this presentation is being recorded and will be accessible on the Nordic website, in the Investor Relations section. Additional for those of you who missed the release, you can find the earnings press release, quarterly report, and presentation material also on our IR website.
With me today, Vegard Wollan, our CEO; Paul Elsa, our CFO. They will share details about our recent financial performance and updates on key business developments. Following the presentation, we will move on to the Q&A session. (Event Instructions)
As a reminder, this presentation includes forward-looking statements that come with inherent risk and uncertainties. Actually, outcome may differ materially from those statements expressed or
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