Nordic Semiconductor reports strong Q3 2025 revenue, profitability driven by segment growth

Nordic Semiconductor ASA reported Q3 2025 revenue of $179 million, marking a 13% year-on-year increase and a 9% rise from the previous quarter. Gross margin for the quarter stood at 52%, with reported EBITDA at $16 million and adjusted EBITDA reaching $18 million. This growth was bolstered by a 7% year-on-year increase in short-range revenue and a nearly fourfold surge in long-range revenue, partly due to the acquisition of Memfault and the purchase of IP and assets from Neuton.ai, for which Nordic successfully raised net $103 million in new equity financing.

The company's strong performance was evident across end-user markets, with industrial and healthcare segments driving growth. Industrial and healthcare revenue grew by 40% year-on-year to $62.2 million in Q3 2025, while consumer revenue remained stable at $111.6 million compared to the previous year. Nordic also expanded its nRF54 Series with the launch of the nRF54LM20A SoC and introduced a "Bare Metal" SDK option for broader developer adoption.

Looking ahead, Nordic Semiconductor anticipates Q4 2025 revenue between $155-$175 million, with gross margin expected to remain above 50%. The company reiterates its long-term ambition for over 20% average annual revenue growth and a 25% EBITDA margin within five years. Cash operating expenses increased due to acquisitions and payroll adjustments, with the total number of employees rising to 1,410, including 59 new hires from Memfault and Neuton.ai.