olivLaw · European equity research
Nordic Semiconductor ASA NOD.OL
Norway · Euronext Oslo Børs · ISIN NO0003055501 · Vertical: Listed companies from Norway
Nordic Semiconductor designs low-power wireless connectivity chips and software, mainly for the IoT market. For fiscal 2025 the company reported a recovery after the second half of 2024, with revenue of 667.6 million USD and a gross margin of 51.8%, which makes it relevant for investors and analysts following the semiconductor cycle.
At the close of 06 Nov 2026, Nordic Semiconductor ASA (NOD.OL) stock was 169.60 NOK (−0.82% on the day), with beta 1.13, 52-week range 125.00–207.60 NOK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 42.9
- weak (30–45)
- Bollinger (20, 2)
- 164.49 – 183.60
- in the lower half of the band · %B 0.27 · band width 11.0%
- SMA 50 / 200
- 175.93 / 169.48
- mixed trend
- MACD (12, 26, 9)
- -0.35 / -0.04
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −9.0% | −0.6% | −8.3 pp | — |
| 3 months | +3.0% | −4.2% | +7.1 pp | — |
| 6 months | −14.9% | +4.3% | −19.2 pp | — |
| Year to date | +27.2% | +7.5% | +19.7 pp | — |
| 1 year | +24.2% | +9.9% | +14.2 pp | −4.7% |
| 3 years | +82.5% | +49.8% | +32.7 pp | +12.7% |
| 5 years | −38.7% | +42.8% | −81.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 542.9 m | 511.4 m | 667.6 m |
| Revenue YoY | unavailable | −5.8% | +30.5% |
| Net income | 7.7 m | -38.5 m | 16.4 m |
| Net income YoY | unavailable | −603.3% | unavailable |
| Diluted EPS | 0.04 | -0.20 | 0.08 |
| Diluted EPS YoY | unavailable | −600.0% | unavailable |
| net % | 1.4% | -7.5% | 2.5% |
| Free cash flow | -144.5 m | 50.5 m | 74.8 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 307.4 m USD
- Financial debt
- 98.4 m USD
- Net debt
- -209.0 m USD
- Equity
- 679.6 m USD
- Total assets
- 983.4 m USD
- Debt / equity
- 0.14x
- Current ratio
- 4.01x
- ROE
- 2.6%
- ROA
- 1.8%
- FCF margin
- 11.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 542.9 m | 511.4 m | 667.6 m | esef· 21 Oct 2026verified |
| Gross profit | 283.7 m | 242.0 m | 346.0 m | esef· 21 Oct 2026verified |
| Operating income | 4.7 m | -45.8 m | 23.2 m | esef· 21 Oct 2026verified |
| Depreciation & amortisation | 44.3 m | 40.6 m | 43.1 m | esef· 21 Oct 2026verified |
| EBITDA | 49.0 m ≈ | -5.2 m ≈ | 66.3 m ≈ | esef· 21 Oct 2026derived |
| Interest expense | 3.7 m | 12.1 m | 14.0 m | esef· 21 Oct 2026verified |
| Pre-tax income | 12.1 m | -43.2 m | 12.6 m | esef· 21 Oct 2026verified |
| Income tax | 4.4 m | -4.7 m | -3.7 m | esef· 21 Oct 2026verified |
| Net income | 7.7 m | -38.5 m | 16.4 m | esef· 21 Oct 2026verified |
| Diluted EPS | 0.04 | -0.20 | 0.08 | esef· 21 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 291.0 m | 287.9 m | 307.4 m | esef· 21 Oct 2026verified |
| Inventories | 163.1 m | 171.9 m | 155.0 m | esef· 21 Oct 2026verified |
| Current assets | 609.2 m | 553.3 m | 582.8 m | esef· 21 Oct 2026verified |
| Property, plant & equipment, net | 29.1 m | 22.0 m | 28.8 m | esef· 21 Oct 2026verified |
| Goodwill | 10.9 m | 10.9 m | 101.3 m | esef· 21 Oct 2026verified |
| Intangibles (excl. goodwill) | 38.9 m | 50.1 m | 52.9 m | esef· 21 Oct 2026verified |
| Total assets | 862.2 m | 806.7 m | 983.4 m | esef· 21 Oct 2026verified |
| Long-term debt | 97.5 m | 87.3 m | 98.4 m | esef· 21 Oct 2026verified |
| Current liabilities | 114.2 m | 103.1 m | 145.4 m | esef· 21 Oct 2026verified |
| Total liabilities | 260.2 m | 236.9 m | 303.8 m | esef· 21 Oct 2026verified |
| Equity | 602.1 m | 569.8 m | 679.6 m | esef· 21 Oct 2026verified |
| Shares outstanding at year end | 191.3 m | 192.5 m | 204.8 m | esef· 21 Oct 2026derived |
Cash flow · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | -119.0 m | 60.4 m | 115.7 m | esef· 21 Oct 2026verified |
| Capex | 25.5 m | 9.8 m | 40.8 m | esef· 21 Oct 2026verified |
| Free cash flow | -144.5 m ≈ | 50.5 m ≈ | 74.8 m ≈ | esef· 21 Oct 2026derived |
| Investing cash flow | -53.5 m | -29.6 m | -162.3 m | esef· 21 Oct 2026verified |
| Financing cash flow | 83.7 m | -23.2 m | 51.1 m | esef· 21 Oct 2026verified |
| Share repurchases | 0 | 3.8 m | 30.2 m | esef· 21 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.73 – 4.27 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA3.64 – 4.27 (Mid 3.92)5 companies used · median multiple 9.0x · quartiles 8.1x – 10.1xAKVA.OL, ATEA.OL, B2I.OL, BONHR.OL, ELMRA.OL
- Peers: P/E0.73 – 2.53 (Mid 1.58)19 companies used · median multiple 19.8x · quartiles 9.2x – 31.6xABG.OL, ABTEC.OL, AFG.OL, AKER.OL, AKSO.OL, AKVA.OL, APR.OL, ARR.OL, ATEA.OL, AUSS.OL, B2I.OL, BONHR.OL, BOR.OL, BOUV.OL, BRG.OL, CLOUD.OL, DELIA.OL, ELK.OL, ELMRA.OL
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 4.6% | 36 (vs peers) | 24% |
| Net margin · Quality | 2.5% | 47 (vs peers) | 14% |
| FCF conversion · Quality | 456.8% | 100 (on a fixed band) | 14% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -3.2x | 100 (vs peers) | 24% |
| Interest coverage · Balance sheet | 1.7x | 2 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 4.0x | 100 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet71/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality57/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NORDIC SEMICONDUCTOR ASA (NOD.OL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 667.6 m USD in 2025; YoY growth 30.5%; net margin 2.5%; ROE 2.6%; net debt/EBITDA -3.2x.
The estimated value range is 2.19–3.40 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 456.8%
- Net debt / EBITDA: -3.2x
- Current ratio: 4.0x
What contradicts it
- Interest coverage: 1.7x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 79.8 bn | 20.3 | 7.9% | 21.4% | +42.5% | +36% / +59% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +8% / +69% |
| ELK.OLElkem Asa | 19.2 bn | 39.3 | 1.9% | 2.7% | −15.7% | +10% / +73% |
| ATEA.OLAtea Asa | 18.5 bn | 21.4 | 19.7% | 2.3% | +8.1% | +11% / +36% |
| AKSO.OLAker Solutions Asa | 17.4 bn | 6.8 | 22.5% | 4.1% | +19.2% | +18% / −12% |
| AUSS.OLAustevoll Seafood Asa | 16.6 bn | 37.1 | 1.6% | 1.1% | +11.1% | −7% / +10% |
| BRG.OLBorregaard Asa | 15.6 bn | 25.1 | 11.4% | 8.0% | +1.3% | −18% / −9% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +31% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| AKVA.OLAkva Group Asa | 5.7 bn | 31.2 | 13.7% | 4.2% | +24.4% | +74% / +152% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −16% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 61.9 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +20% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −18% / −11% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.4 bn | 10.5 | 30.1% | 16.1% | +32.3% | −53% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 108.9 | 2.9% | 8.6% | +7.9% | −8% / −48% |
| CAPSL.OLCapsol Technologies Asa | 884.6 m | — | -89.4% | -114.8% | −25.0% | −33% / −66% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 234.6 m | 4.8 | 22.1% | 9.3% | +15.7% | −33% / −55% |
| DELIA.OLDellia Group Asa | 73.5 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
| AGLX.OLAgilyx Asa | — | — | -182.4% | -12,189.3% | +20.3% | −40% / −41% |
1- and 3-year price returns: for NOD.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Nordic Semiconductor designs low-power wireless connectivity chips and software, mainly for the IoT market. For fiscal 2025 the company reported a recovery after the second half of 2024, with revenue of 667.6 million USD and a gross margin of 51.8%, which makes it relevant for investors and analysts following the semiconductor cycle.
SWOT
Strengths
- Renewed portfolio of low-power connectivity products with a high gross margin.
- Solid balance sheet with liquidity sufficient for periods of reduced demand, supported by a flexible fabless model.
- Strong customer relationships and an nRF Cloud software platform that can add value for customers.
Weaknesses
- High dependence on a small number of large customers, whose changes in order volumes could significantly affect revenue.
- Dependence on third parties for production, with few long-term supply contracts and lengthy qualification of new suppliers.
- High research and development spending, which pressures margins in periods of falling revenue.
Opportunities
- Expansion into cellular IoT and satellite connectivity, with the new series, could open new markets.
- Growth of the power management circuit portfolio and low-power Wi-Fi products planned for 2026.
- Strategic acquisitions could bring talent and technologies that accelerate the product roadmap.
Threats
- Cyclicality of the semiconductor industry, with risk of lower demand and lower average selling prices.
- Tensions between China and Taiwan, export restrictions and tariffs that could disrupt production and sales in the US.
- Competition from companies with far greater resources that could win projects at major customers.
Risks
- Customer concentrationhigh
A large share of revenue comes from a few large customers, and a reduction in their orders could significantly affect results.
- Dependence on external suppliershigh
Wafer production, assembly and testing are outsourced, and disruptions or capacity shortages at suppliers could affect deliveries.
- Industry cyclicalitymedium
Industry downturns can lead to lower demand, higher inventories and price pressure, with an impact on revenue.
- Geopolitical and trade tensionsmedium
Conflicts, sanctions and tariffs could limit sales, particularly to US customers, and could increase costs.
- Retention of key talentmedium
Loss of key engineers or executives could delay product development and affect competitiveness.
Investment thesis
What would need to be true (bull case)
- If the cycle recovery continues, growth in revenue and gross margin could support the company's long-term objectives.
- Launches of new product series, including cellular and satellite IoT, could significantly widen the addressable market.
- A solid balance sheet and a flexible fabless model could help the company get through downturns more easily.
What would break the thesis
- Dependence on a few large customers could make revenue volatile if they reduce orders.
- Geopolitical tensions could disrupt the supply chain and access to important markets.
- Competition from companies with far greater resources could limit gains in market share.
What to watch
- Delivery of the revenue guidance and gross margin outlookQ1 2026
- Contribution of the nRF54 Series and the launch of the nRF92 SoC2026
- Trend in customer concentration and the share of revenue from the ten largest customersnext 10-K
- Progress toward the long-term revenue growth and EBITDA margin targets2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Nordic Semiconductor is a fabless company, meaning it outsources the production of silicon wafers, packaging and testing to third-party suppliers, mainly in Asia. Its portfolio covers Bluetooth Low Energy connectivity, cellular IoT, satellite-enabled connectivity, Wi-Fi and power management circuits, supported by nRF Cloud, a device-to-cloud platform for deploying and monitoring devices. The strategy relies on sustained investment in research and development, and some development costs are capitalized on the balance sheet. The annual report sets long-term ambitions of annual average revenue growth above 20% from 2024 through 2030 and an operating model of around 25% EBITDA margin. The Board will propose that no dividend is distributed for 2025.
The company maintains a solid balance sheet with a high equity ratio and a cash reserve that it considers necessary to continue its technology and product roadmap. It also completed several acquisitions in recent years, including during 2025, to strengthen its technical capabilities and talent base.
The parent company posted a positive net profit in 2025, after a loss in 2024, which reflects the recovery of sales after the period of weaker industry demand.
Segments
Short-Range connectivity
Includes the nRF52 and nRF53 families, for which management expects continued strong performance, and the nRF54 Series, whose contribution could gradually increase as it rolls out.
Long-Range connectivity
Focuses on cellular IoT around the nRF9151 and satellite-enabled connectivity, and the company is approaching the launch of an nRF92 SoC to expand addressable markets.
Power Management and Wi-Fi
Two new PMICs were added in 2025, with further portfolio expansion expected in 2026, and the nRF71 Series for low-power Wi-Fi is planned for 2026.
Market context
The semiconductor market is cyclical, with periods of rising and falling demand, prices and inventories. Nordic reports a market recovery that began in the second half of 2024 and continued through 2025, with customers in IoT, consumer, healthcare and industrial sectors. Customer concentration is high, and the ten largest customers accounted for around 57% of revenue.
Demand for IoT products depends on customers' end products, so downturns in their industries can directly affect the company's sales. A slow macroeconomic pace could reduce consumer confidence and demand for semiconductor components.
Trends
- Semiconductor cycle recoverytailwind
After a period of decline, demand for components returned in 2025, supporting the company's revenue and gross margin.
- Transition to new product familiesmixed
The launches of nRF54, nRF92 and nRF71 could widen addressable markets, but the transition between generations may slow sales of older products.
- Geopolitical and trade tensionsheadwind
Tensions between China and Taiwan, export restrictions and tariffs could disrupt the supply chain and access to certain markets, particularly the US.
- Demand for cellular and satellite IoT connectivitytailwind
Expansion of cellular IoT and satellite connectivity opens new customer segments, if adoption of these technologies continues.
Competitive position
The market is extremely competitive, and Nordic competes with both large international semiconductor companies with broad portfolios and smaller specialists focused on specific technologies or end markets. Some competitors may have greater financial, technological or personnel resources.
The company differentiates itself through ultra-low-power consumption, multiprotocol solutions, its development ecosystem and the nRF Cloud platform. Industrial policies supporting domestic semiconductor ecosystems could change competitive dynamics over the long term.
- Texas InstrumentsTXN
US company with a broad portfolio of analog and integrated circuits that competes in IoT and connectivity applications, with large financial resources.
- QualcommQCOM
US semiconductor company active in wireless and cellular connectivity for IoT and mobile devices, with an extensive portfolio.
- Silicon LabsSLAB
US specialist in wireless chips for IoT that competes directly in the low-power connectivity segment.
- Microchip TechnologyMCHP
US company with a wide range of microcontrollers and circuits for industrial and IoT applications, which can compete in connectivity applications.
News & filings
In the press
- FIREPOWER: Nordic defence giants push joint initiativesEuractiv · 06 Nov 2026 · EN
- Acum peste 1.000 de ani, un viking a scrijelit „Halvdan a fost aici” pe un perete de marmură din Hagia Sofia. Un mileniu mai târziu, graffiti-ul nordic încă poate fi cititLibertatea.ro · 05 Nov 2026 · RO
- Șase corporații gigant din țările nordice vor colabora în domeniul apărării / Ericsson, Kongsberg, Nokia, Terma, Patria și Saab și-au prezentat planurile la Göteborg, la reuniunea Nordic CompassG4Media · 05 Nov 2026 · RO
- Obiceiul nordic care te ajută să păstrezi căldura în pat toată noaptea, fără să pornești caloriferul: trucul simplu pe care îl poți aplica fără niciun costAdevărul · 05 Nov 2026 · RO
- Nordic Alliance Seeks One Public Market to Stem Listings to USBloomberg Markets · 05 Nov 2026 · EN
- Nordic nations refuse to face Russia in ice hockey World ChampionshipAl Jazeera English · 03 Nov 2026 · EN
- On ‘NATO’s lake,’ Nordic allies worry about escalation with RussiaDefense News (US, EN) · 03 Nov 2026 · EN
- Nordic Investment Bank Mulls SRTs After Adding Defense FocusBloomberg Markets · 02 Nov 2026 · EN
- Euronext Joins Industry Push to Integrate Nordic Capital MarketsBloomberg Markets · 02 Nov 2026 · EN
- Can the Nordic Model Save NATO?Foreign Affairs · 30 Oct 2026 · EN
- Putin Says Nordic Leaders Were Right to Call Him, Despite EU CriticismKyiv Post · 29 Oct 2026 · EN
- Putin Lectured Nordic Leaders on History, Zelensky Reveals Kyiv’s RoleKyiv Post · 28 Oct 2026 · EN
- Europe Today: Israel faces deadlock after vote, Nordic leaders hold rare Putin callEuronews — News (EN) · 28 Oct 2026 · EN
- Putin lectured Nordic leaders on Russian history during latest call, FT reportsKyiv Independent (UA, EN) · 28 Oct 2026 · EN
- I’ve Spent Years Tracking Nordic Wellness Trends, and This Low-Impact Finnish Ritual Is About to Take OverConde Nast Traveler · 23 Oct 2026 · EN
- Euroclear, Others Join Nordic Alliance Amid Regional PushBloomberg Markets · 22 Oct 2026 · EN
- ► Terma joins Nordic Compass Defence Track to strengthen Nordic Defence industrial cooperationEuropean Defence Review · 20 Oct 2026 · RO
- Cel mai nordic teren a fost transformat într-un parc global. - Vietnam.vnSurge — Google News · 16 Oct 2026 · RO
- A healthy Nordic diet may help you to live longer, but liver benefits remain unclearMedical Xpress · 10 Oct 2026 · EN
- PSV Tech closes €56M Fund II to back Nordic startups before product-market fitTech.eu · 08 Oct 2026 · EN
Annual reports (ESEF)
- Annual report 202521 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Nordic Semiconductor ASA · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.