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Fabless semiconductor company and world leader in low-power wireless connectivity chips like Bluetooth Low Energy for IoT devices.
Fabless semiconductor company and world leader in low-power wireless connectivity chips like Bluetooth Low Energy for IoT devices.
Designs the chips but has outside foundries make them, selling mostly through distributors to product makers who build one chip into a device and usually keep it for that product's life. Bluetooth Low Energy chips carry the company, with cellular IoT and Wi-Fi as newer additions. Sales are almost all outside Norway.
In one line: A leading maker of low-power wireless/IoT connectivity chips (Bluetooth Low Energy).
Moat: narrow (IP / patents, installed base, process know-how). Leading market share and developer ecosystem in low-power wireless IoT connectivity chips.
Headquarters: Trondheim, Norway · Founded: 1983 · Employees: 1,431
Size Nordic Semiconductor (NOD.OL) is a Norway Information Technology company (Semiconductors) with a market value of $3.62B, the 26th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 169.60 on 6 Nov 2026.
Performance Over six months the shares fell 12.4%, against -29.5% for the median peer and +2.7% for the Norway market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +23.9%); the operating margin is 8.1% (peer median 3.8%).
Valuation It trades at 54.6× forward earnings against a peer median of 81.0× (7th cheapest of 16).
Capital Return on invested capital runs 0.1 points above its cost of capital (8.3% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 7.89B | NOK 6.93B | NOK 5.50B | NOK 5.74B | NOK 7.47B |
| Revenue growth | — | +26% | -4% | -23% | — |
| Gross profit | NOK 1.45B | NOK 1.00B | NOK 309M | NOK 891M | NOK 2.12B |
| EBITDA | NOK 946M | NOK 688M | -NOK 110M | NOK 468M | NOK 1.98B |
| Net income | NOK 557M | NOK 170M | -NOK 414M | NOK 80.9M | NOK 1.18B |
| Free cash flow | -NOK 36.3M | NOK 689M | NOK 464M | -NOK 1.54B | NOK 1.14B |
| Capital expenditure | NOK 509M | NOK 586M | NOK 314M | NOK 502M | NOK 294M |
| Total debt | NOK 1.44B | NOK 1.63B | NOK 1.63B | NOK 1.58B | NOK 208M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nordic Semiconductor NOD.OL | $3.62B | -12% | +15% | 8% | 54.6× | n/a |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
| STM STM | $41.0B | -29% | +16% | 7% | 17.3× | 38.6% |
| Silicon Laboratories SLAB | $7.39B | +2% | +22% | -3% | 60.3× | n/a |
| Espressif Systems (Shanghai) 688018.SS | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NOD.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -20.3% | 5th highest of 21 |
| 6-month return | -12.4% | -29.5% | 4th highest of 19 |
| Distance from 52-week high | -19.6% | -54.5% | highest of 21 |
| Revenue growth (TTM) | +14.8% | +23.9% | 7th lowest of 21 |
| Operating margin | 8.1% | 3.8% | 7th highest of 20 |
| Forward P/E | 54.6× | 81.0× | 7th cheapest of 16 |
| ROIC minus cost of capital | +0.1 pp | -8.4 pp | 5th highest of 19 |
| EV / EBITDA | 34.4× | 39.4× | 3rd cheapest of 5 |
| Net debt / EBITDA | -1.2× | -1.6× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nordic Semiconductor NOD.OL | Norway | $3.62B | -12% | +15% | 8% | 54.6× | n/a | n/a |
| Linktel Technologies 301205.SZ | China | $3.60B | -39% | +54% | 3% | 281.1× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |
| Loongson Technology 688047.SS | China | $3.86B | -44% | +24% | -76% | n/a | n/a | n/a |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Trina Solar 688599.SS | China | $3.90B | -36% | -3% | -9% | n/a | -4.3% | +17.9% |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Allwinner Technology 300458.SZ | China | $4.02B | -25% | +26% | 15% | 57.3× | n/a | n/a |
| Chengdu Ultra Pure Applied Materials 301717.SZ | China | $4.03B | n/a | +93% | 42% | n/a | n/a | n/a |
| Jiangsu Leadmicro Nano Technology 688147.SS | China | $4.06B | -26% | -5% | 3% | 82.1× | n/a | n/a |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| eMemory Technology 3529.TWO | Taiwan | $4.17B | -58% | +17% | 61% | 45.0× | 32.2% | +16.7% |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |