Nordic Semiconductor ASA Sets Q4 Outlook Below Record Q3 Sales

Revenue for the quarter ending Sept. 30, 2026, hit a record $235.468 million at Nordic Semiconductor ASA, a 31.6% rise from a year earlier. Its fourth-quarter revenue outlook of $215 million to $235 million is below the third-quarter result even at the top of the range, while the company expects gross margin to stay above 50%.

Revenue was 8% higher than in the second quarter. Gross margin reached 52.8%, compared with 51.9% in the year-ago quarter.

The short-range segment generated $215.939 million, a 29.5% increase from a year earlier. Long-range revenue increased 69.8% to $16.633 million, while other technology revenue was $2.896 million. Nordic's portfolio for Internet of Things devices combines low-power wireless connectivity with software, development tools and cloud services. Its short-range products include Bluetooth Low Energy, Thread, Zigbee and Matter; long-range offerings include cellular, satellite and cloud services.

EBITDA climbed to $38.527 million from $15.670 million a year earlier. Adjusted EBITDA was $39.767 million, compared with $18.294 million; the adjustment reflects share-based remuneration tied to the 2025 Memfault acquisition.

Net profit after tax was $26.862 million, up from $852,000. The quarter's net profit included a $1.696 million tax benefit from a deferred-tax reduction linked to technology acquired from Memfault.

“Customer demand continued to grow in the third quarter, and we remain focused on delivering our plan across financial, operational and strategic priorities,” CEO Vegard Wollan said.

Revenue from January through September reached $646.478 million, up 29.8% from the corresponding 2025 period. Nordic Semiconductor's previous third-quarter guidance called for revenue of $220 million to $240 million, with gross margin above 50%.