NOD.OL · PEAD → 20

Nordic Semi reported Q3 2026 EPS of 1.25 on 2026-10-21, beating the 0.96 consensus by 0.29 (+30.2%).

Print-day reaction was a modest +1.2% versus the prior close, a muted initial lift given the magnitude of the EPS beat. The overnight gap to T+1 open added another +1.0%, suggesting initial after-hours optimism. Day 1–3 drift then unwound the move and then some, with the stock sliding +0.7% on a price-only basis from T+1 close to T+3 close, producing a cumulative 3-day total return of –2.5%. Cumulative abnormal return of –2.0% versus SPY.US falls between the ±3% PEAD thresholds, yielding a none verdict; the drift neither confirms nor reverses the initial reaction with sufficient force to establish a directional read through 2027-01-18.