Norwegian chip designer reports stronger growth as edge-IoT demand expands

['Emilija Šimonytė', 'As The Editor Of The Economy', 'Business Column', 'Emilija Šimonytė Brings A Sharp Mind', 'A Deep Understanding Of Market Trends To The Baltic Review. Her Background In Financial Analysis Allows Her To Distill Complex Economic Data Into Accessible', 'Impactful Stories. She Is Committed To Providing Our Readers With The Information They Need To Make Informed Decisions', 'Ensuring They Stay Ahead In A Fast-Paced World.', 'The Baltic Review'] The Baltic Review 2026-08-07 18:15:13

For the first half of 2026, revenue reached USD 411 million, an increase of 28.8% compared with the first half of last year. Operating profit almost doubled year on year to USD 32.4 million, while net profit rose to USD 27.1 million from USD 11.3 million. Revenue from industrial and healthcare customers reached USD 86.1 million in the second quarter, 45.5% higher than a year earlier. Long-range revenue, including cellular products and cloud services, increased by 93.8% to USD 14.6 million, albeit from a smaller base. Nordic reported quarterly research and development costs of USD 49.8 million, compared with USD 36.9 million in the second quarter of 2025.