NOD: Third quarter results 2026

(Oslo, Norway - October 22, 2026) Nordic Semiconductor ASA reports revenue of
USD 235 million for the third quarter 2026, an increase of 32% from the third
quarter 2025. Gross margin improved to 53% from 52% in the same quarter last
year. Reported EBITDA more than doubled to USD 39 million from USD 16 million in
the third quarter last year, with adjusted EBITDA increasing to USD 40 million
from USD 18 million in the same period last year. The adjusted EBITDA margin
improved to 17% from 10% in the third quarter 2025.

This represents another record quarterly revenue level for Nordic Semiconductor.
Short-range revenue increased 30% to USD 216 million, with continued solid
demand from both key customers and the broad market in all main end-user
markets, whereas Long-range revenue increased by 70% to USD 17 million with
increasing sales from a broader product portfolio and continuing growth in nRF
Cloud Services revenue. Other revenue increased 18% year-on-year to USD 3
million.
   
-Customer demand continued to grow in the third quarter, and we remain focused
on delivering our plan across financial, operational and strategic priorities.
We are continuously launching new products that strengthen our competitive
position and expand our addressable market, and we see rapid adoption of the
AI-assisted development tools we have launched to help our customers become even
more productive, says CEO Vegard Wollan in Nordic Semiconductor.

-While our revenue growth has been strongest in the broad market over the past
year, we also see a strong pipeline with key customers working towards
introducing more intelligent end-user devices in the time to come. We have a
very strong offering across compute performance, memory capabilities, power
usage and compact size, and combined with leading edge AI hardware, software and
tools this makes us well-positioned to benefit from the megatrend of universal
AI adoption, adds Wollan.

Revenue for the first nine months 2026 amounted to USD 646 million, up 30%
compared to the first nine months 2025. Reported EBITDA for the first nine
months increased to USD 93 million from USD 51 million in the same period last
year, whereas adjusted EBITDA increased to USD 100 million from USD 54 million
in the first nine months 2025.
 
On a rolling 12 months basis, revenue increased by 26% year-on-year to USD 816
million.
 
Based on current customer orders and forecasts, Nordic expects revenue for the
fourth quarter 2026 of USD 215-235 million. The gross margin is expected to
remain above 50% also in the fourth quarter.
 
The revenue and margin developments continue to support Nordic's long-term
financial ambitions presented in 2024; to deliver average annual revenue growth
above 20% from 2024 through the end of the decade, maintain a gross margin above
50%, and move towards the target operating model profitability level of 25%
EBITDA margin.

Practical information: 

Nordic Semiconductor will host a live webcast to present its third quarter 2026
results today at 08:00 CEST, presented in English by CEO Vegard Wollan and CFO
Pål Elstad. The webcast is available on the IR pages at www.nordicsemi.com, and
participants can ask questions by dialing in during the Q&A. A recording will be
available afterward.

Conference code: 286203 

NO: +47 2195 6342 
DK: +45 7876 8490 
SE: +46 8 1241 0952 
FR +33 1 81 22 12 59 
UK: +44 203 769 6819 
US: +1 646 787 0157 
DE: +49 30 2178 9327

For further information, please contact: 

Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA Phone: +47 991 66 293 
Ståle "Steel" Ytterdal, SVP IR - Nordic Semiconductor ASA Phone: +47 930 37 430 

About Nordic Semiconductor: 
 Nordic Semiconductor (NOD) is a leading low-power wireless IoT company,
delivering complete solutions from chip to cloud that serve billions of IoT
devices from first prototype to deployed fleet. Its product portfolio includes
world-class hardware, embedded software, development tools, and lifecycle
services, all of which simplify development and enable developers to build
reliable, scalable, and future-proof connected products. Nordic Semiconductor is
a public company listed on the Oslo Stock Exchange in Norway. 
www.nordicsemi.com 

This information is considered 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 October 22, 2026, at 07:00
CEST.
s published by Kine-Elena Reigstad\, VP\
International Finance\, Nordic Semiconductor ASA\, on October 22\, 2026\, at 07:00\
CEST.\