Half Year 2020 Nordic Semiconductor ASA Earnings Call Transcript
Good morning, and welcome to Nordic Semiconductor's Quarterly Presentation for Q2 2020. Today, together with PÃ¥l Elstad, our CFO, I will go through the result of previous quarter. We continue to grow through Q2. Revenue and gross margin were above our guidance. We ended at $88.5 million in revenue, that's up 25.5% year-on-year and plus 26.2% quarter-on-quarter.
Our Bluetooth revenue accumulated to $70.1 million, is up 25.1%, again, within our guidance of a growth in Bluetooth between 25% to 30%.
Our proprietary revenue reached $16.4 million. It's up 29.8%, strong growth, and is mainly due to the coronavirus situation, where people work at home, and use time much more domestic PC equipment. Our cellular revenue reached $1.2 million. And our gross margin continued to be strong and is very much influenced by high volumes of this new advanced system ownerships. And also it's affected by all the new equipment it bought more than a year ago to increase over time to high yield.
We had an increase in our backlog, a
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