SEALSQ Reports H1 2026 Financial and Operational Results; Revenue Increases 131% to $11.2 Million; FY2026 Guidance Reaffirmed
SEALSQ reported H1 2026 revenue of $11.2 million, up 131% from $4.8 million a year earlier, with gross profit up 233% to $5.4 million and gross margin expanding to roughly 48%. Losses widened as the company invested in its post-quantum roadmap and acquisitions: operating loss grew 51% to $32.2 million, net loss reached $27.8 million (GAAP loss per share of $0.13, narrowed from $0.17 a year ago largely because the share count rose ~17%), and G&A expenses nearly doubled to $23.1 million.
Key figures
- Revenue
- 11151000
- Guidance
- FY2026 revenue $27 million to $36 million reaffirmed (50%-100% growth vs audited FY2025 revenue of $18.3 million)
- Revenue Yoy
- 131%
- Gross margin
- approximately 48%
- Gross profit
- 5408000
- Pipeline usd
- 225000000
- G and a expense
- 23103000
- R and d expense
- 8718000
- Pipeline horizon
- through 2029
- Cash restricted cash
- 486100000
- Post quantum pipeline usd
- 100000000
- Sovereign stack allocation
- 200000000
- Icalps revenue contribution
- 2500000
- Sovereign stack committed to date
- 60000000
- Liquidity incl short term investments
- 495000000
AI analysis
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