Nordic Semiconductor Q2 2026 Financial Highlights
Nordic Semiconductor reported second‑quarter 2026 revenue of $219 million, representing a 33% increase over the same quarter last year and surpassing analyst expectations of $208.74 million. Adjusted EBITDA for the quarter was $34 million, exceeding the consensus estimate of $30.24 million from nine analysts. Gross margin improved to 53%, up from 51% in the year‑ago quarter.
The company noted that short‑range revenue grew 29%, driven by solid demand from key customers and the broader market. Long‑range revenue nearly doubled, reflecting higher product sales from an expanded portfolio and increased revenue from the nRF Cloud Services offering. The CEO highlighted that the product renewal program generated particularly strong growth in the broad market and heightened activity among both existing and new customers.
Looking ahead, Nordic Semiconductor forecasted third‑quarter 2026 revenue between $220 million and $240 million, with gross margin expected to stay above 50% for the period. The company also reiterated its long‑term objective of achieving average annual revenue growth above 20% starting from 2024.
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