NDCVF - Nordic Semiconductor ended Q3 with all-time high order backlog guides Q4 revenue above estimates

Nordic Semiconductor ASA (NDCVF) Q3 highlights:Revenue increased 44.9% y/y to $119.4M vs. a consensus of $114.67M; Bluetooth revenues increased to $97.1M (+56% y/y); Cellular IoT revenue above $1.6M.Gross margin of 54.1% vs 49.8% last year.Order backlog of $288.4M (+153.8% yy).The Group’s cash position was $214.8M at the end of Q3 2020.Capital expenditures are estimated at ~$5M in Q4 2020.The company expects Q4 revenue in the range of $115M-$125M vs. a consensus of $111.4M and gross margin level of 51%-52%.Previously: Nordic Semiconductor ASA reports Q3 resultsPreviously: Qorvo inks partnership with Nordic Semiconductor (Oct. 20)

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Nordic Semiconductor ended Q3 with all-time high order backlog, guides Q4 revenue above estimates