Q2 2022 Nordic Semiconductor ASA Earnings Call Transcript
Good morning, and welcome to our presentation for Q2 2022. My name is Svenn-Tore Larsen. And as always, I have my CFO, PÃ¥l Elstad, with me.
In these turbulent times, despite all the challenges we had with wafer supply for Bluetooth and also the filter challenge we have for cellular IoT, I'm glad to report that revenues in the quarter were record. We passed $200 million in the quarter for the first time. And this, if you look back, this is what we have in annual revenue back in 2016.
Overall, we delivered 36% revenue growth in the quarter. The frustrating thing is that it could have been significantly higher if our capacity had been not impacted by wafer supply. We had severe impact of wafer supply this quarter also. Gross margin remains a solid 55.4%. PÃ¥l will go back to you with that. This generated a 48% increase in gross profit up to USD 111 million. EBITDA increased by 78% to USD 52 million, with an EBITDA margin of 26% for the quarter.
We see a stable outlook for Q3, and we will remain
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