(Oslo, Norway - April 29, 2025) Nordic Semiconductor ASA reported revenue of USD
155 million for the first quarter 2025, more than a doubling from the first
quarter 2024 and an increase of 3% from the previous quarter. Gross margin was
50% in the first quarter, and EBITDA USD 15 million.
 
The year-on-year improvement reflects a continuation of a gradual market
recovery over the past year, supported by particularly high deliveries to
individual large customers in this quarter. Long-range revenue doubled and
Short-range revenue more than doubled year-on-year, reflecting solid growth
across all verticals and customer segments. Note that the strong year-on-year
growth also reflects that revenue in the first quarter last year was
significantly impacted by distributor inventory adjustments.

-We continue to make good progress both operationally and financially and are on
track with a product portfolio renewal that is designed to drive growth for
years come. We see high design activity with our new nRF54 Series in the
short-range business and the launch of nRF9151 last year has opened a larger
part of the long-range market. In the years ahead we are moving the portfolio
onto more cost-efficient product platforms, which will further support the
long-term outlook for profitable growth, says CEO Vegard Wollan in Nordic
Semiconductor. 

Looking ahead, Nordic recognizes increased risk due to ongoing trade tensions,
shifting policies, and tariffs. The complex nature of the global semiconductor
value chains makes the broader impact hard to predict, and there are also
potential ripple effects on currencies, interest rates, and demand. Nordic
navigates the more uncertain environment by continuing its efforts to strengthen
supply chain resilience and maintaining close customer collaborations to support
customer needs.

Based on current customer orders and forecasts, Nordic expects revenue for the
second quarter 2025 of USD 145-165 million, although it should be noted that the
developments over the past months have added risk and uncertainty related to any
forward statements or guidance.

Practical information:
 
CEO Vegard Wollan and CFO Pål Elstad will host a webcast presenting the first
quarter 2025 results today at 08:00 CEST. The presentation will be held in
English and can be followed live via webcast on the IR pages at
www.nordicsemi.com, with a recorded version being made available after
conclusion of the presentation. 

The virtual audience will be given the opportunity to ask questions through a
Q&A dial-in function. 

Please see the details below 

Conference code : 286203
 
NO: +47 2195 6342 
UK: +44 203 769 6819 
US: +1 646 787 0157 
DK: +45 7876 8490 
SE: +46 8 1241 0952 
DE: +49 30 2178 9327 
FR: +33 1 8122 1259 

For further information, please contact: 
Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA Phone: +47 991 66 293 

Ståle Ytterdal, SVP IR - Nordic Semiconductor ASA Phone: +47 930 37 430 

About Nordic Semiconductor: 
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today's Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway. For more information, go to www.nordicsemi.com 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. 

This stock exchange announcement was published by Kine-Elena Reigstad, VP
International Finance, Nordic Semiconductor ASA, on April 29, 2025, at 07:00
CEST.