Nordic Semiconductor ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a sad week for Nordic Semiconductor ASA (OB:NOD), who've watched their investment drop 16% to kr103 in the week since the company reported its quarterly result. It looks like a pretty bad result, all things considered. Although revenues of US$153m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 33% to hit US$0.0059 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nordic Semiconductor after the latest results.

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Taking into account the latest results, the most recent consensus for Nordic Semiconductor from eleven analysts is for revenues of US$622.7m in 2025. If met, it would imply a modest 5.2% increase on its revenue over the past 12 months. Nordic Semiconductor is also expected to turn profitable, with statutory earnings of US$0.056 per share. In the lead-up to this report, the analysts had been modelling revenues of US$669.0m and earnings per share (EPS) of US$0.12 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a large cut to earnings per share estimates.

Check out our latest analysis for Nordic Semiconductor

Despite the cuts to forecast earnings, there was no real change to the kr139 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Nordic Semiconductor, with the most bullish analyst valuing it at kr174 and the most bearish at kr100.00 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Nordic Semiconductor shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 7.0% growth on an annualised basis. That is in line with its 6.1% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 9.5% annually. So although Nordic Semiconductor is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Nordic Semiconductor. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Nordic Semiconductor. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Nordic Semiconductor going out to 2027, and you can see them free on our platform here..

You still need to take note of risks, for example - Nordic Semiconductor has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.