Q2 2021 Nordic Semiconductor ASA Earnings Call Transcript
Welcome to Nordic Semiconductor quarterly presentation for Q2 2021. PÃ¥l Elstad and myself will show you what happened through Q2. PÃ¥l will dive into the financials, and I'm going to show a little bit of happenings in Q2 and also a little bit about what's going to happen going forward, the rest of 2021.
We had a strong demand in all end user markets. We have a strong demand, and we basically managed the supply. Growth was capped by the wafer supply. The revenue ended at $147.6 million. It was up 67% year-on-year and up 3% quarter-on-quarter. Our gross margin ended at 50.9%, which is 1 point down from year-to-year, up 0.7% quarter-on-quarter.
Bluetooth revenue stood for $123 million, 75% growth; proprietary, 17.7 million, 8% growth; and cellular IoT, for the first time, I would say we got meaningful revenue at $4.6 million, was a growth of close to 300%.
So all over, I mean, Q2 was a decent quarter. It could have been significant better if there was more wafers available.
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