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How Nordic’s Hybrid Terrestrial–Satellite IoT Push At Nordic Semiconductor (OB:NOD) Has Changed Its Investment Story

Simply Wall St · 2d ago
  • In December 2025, Nordic Semiconductor launched the nRF9151 SMA Development Kit alongside new modem firmware adding NB-IoT Non-Terrestrial Network support, enabling RF engineers to precisely evaluate cellular IoT, DECT NR+, and direct-to-satellite IoT performance using external antennas and lab equipment.
  • This move marks Nordic’s first step into direct-to-satellite IoT connectivity, positioning its nRF91 platform as a flexible hub for hybrid terrestrial–satellite solutions in challenging environments such as remote, industrial, and dense smart-building deployments.
  • Next, we’ll examine how this push into hybrid terrestrial-satellite IoT connectivity could influence Nordic Semiconductor’s broader investment narrative.

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Nordic Semiconductor Investment Narrative Recap

To own Nordic Semiconductor, you need to believe it can translate its low power wireless leadership into profitable growth while justifying a premium valuation. The new nRF9151 SMA kit modestly reinforces that thesis by extending the nRF91 platform into hybrid terrestrial satellite IoT, but it does not materially change the near term catalyst of improving earnings after the 2024 loss, nor the key risk that growth expectations and valuation could run ahead of sustainable demand.

Among recent developments, Nordic’s 2025 share buyback stands out as most relevant, as it was executed while the company was ramping new platforms like nRF54 and nRF91. For investors, that mix of capital returns and product investment highlights the core catalyst that really matters here: whether Nordic can turn its broader chip to cloud offering into durable revenue growth and margin resilience without letting higher R&D and operating costs drag on profitability.

Yet behind this growth story, investors should be aware of the risk that high expectations and a premium sales multiple could...

Read the full narrative on Nordic Semiconductor (it's free!)

Nordic Semiconductor's narrative projects $923.1 million revenue and $100.0 million earnings by 2028.

Uncover how Nordic Semiconductor's forecasts yield a NOK145.70 fair value, a 12% upside to its current price.

Exploring Other Perspectives

OB:NOD 1-Year Stock Price Chart
OB:NOD 1-Year Stock Price Chart

Five fair value estimates from the Simply Wall St Community range from NOK63.00 to NOK190.00 per share, underscoring how far apart individual views can be. Against that spread, the key question is whether Nordic’s push into fuller solutions and hybrid IoT connectivity can offset the risk that high growth expectations and rich pricing prove hard to sustain, so readers may want to consider several contrasting opinions before forming a view.

Explore 5 other fair value estimates on Nordic Semiconductor - why the stock might be worth less than half the current price!

Build Your Own Nordic Semiconductor Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

  • A great starting point for your Nordic Semiconductor research is our analysis highlighting 2 key rewards that could impact your investment decision.
  • Our free Nordic Semiconductor research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nordic Semiconductor's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.