NOD.OL · PEAD → 6

Nordic Semi reported Q3 2026 EPS of 1.2469 on 2026-10-22, beating the 0.96 consensus by 0.2869 (+29.9%).

Print-day reaction was −4.4% versus the prior close, a sharp sell-the-news move despite the meaningful EPS beat. The overnight gap to the T+1 open added a further −0.18%, suggesting no immediate buyer conviction after hours. Over the following two trading days the stock recovered sharply, drifting +7.8% from T+1 close to T+3 close — a near-full reversal of the initial drop. Cumulative abnormal return of +2.6% versus SPY.US lands just below the +3% PEAD long threshold, yielding a none verdict; the drift partially offset the initial reaction but not decisively enough to confirm directional continuation through 2027-01-19.