SEALSQ Corp Announces 9M 2026 Preliminary Revenue of $16.3 Million, Up 65% Year-on-Year; Reaffirms FY 2026 Revenue Guidance of $27 Million to $36 Million
Key Highlights
- ➤9M 2026 revenue $16.3M, up 65% year-on-year
- ➤FY 2026 revenue guidance reaffirmed at approximately $27M-$36M
- ➤Q4 2026 revenue expected between $11M and $20M
- ➤Cash, cash equivalents and restricted cash approximately $463M
- ➤42 customers evaluating QVault TPM and QS7001, up from 30
Expert Statements
Carlos Moreira, Founder, Chairman and CEO of SEALSQ
“Our preliminary nine-month revenue of $16.3 million represents 65% growth year-over-year, with revenue increasing sequentially in each quarter of 2026. This performance supports our reaffirmed full-year revenue outlook as we continue to advance our post-quantum products toward commercialization. With approximately $465 million in liquidity, we are well positioned to fund these priorities as we prepare for post-quantum semiconductors to become a more significant contributor to revenue in 2027.”
John O'Hara, CFO of SEALSQ
“Based on our preliminary nine-month revenue, our reaffirmed full-year 2026 revenue guidance implies fourth-quarter revenue of $11 million to $20 million. We remain focused on converting our pipeline into production revenue and deploying capital carefully to support growth.”
* Cash, Cash Equivalents and Restricted Cash of Approximately $463 Million at September 30, 2026 * Q4 2026 Revenue Expected Between $11 Million and $20 Million * VaultIC408 Achieves NIST FIPS 140-3 Level 3 Validation SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced its preliminary unaudited financial metrics for the nine-month period ended September 30, 2026 ("9M 2026"), provided an update on operational milestones, and reaffirmed its full-year 2026 revenue guidance.
9M 2026 Key Financial Metrics * Revenue growth of 65%: Preliminary unaudited 9M 2026 revenue of $16.3 million, compared to $9.9 million in 9M 2025. * Strong liquidity: Cash, cash equivalents and restricted cash of approximately $463.0 million at September 30, 2026. * Post-quantum pipeline above $100 million: An active, evolving business pipeline of more than $200 million through 2029 as of October 15, 2026, including more than $100 million associated with Post-Quantum projects, including the QS7001 and QVault TPM. These figures represent management estimates and are subject to risks such as conversion risk, customer validation, technical integration and other commercial risks. Revenue Drivers The 9M 2026 increase was driven primarily by: * Continued strong demand for SEALSQ's Vault-IC secure-element family across industrial, smart-energy IoT and P25 Radio protocol application deployments. * Growth in recurring PKI subscriptions, certificate-management and digital identity services. * Nine months of consolidated revenue from IC'Alps SAS, which contributed approximately $3.8 million in 9M 2026 through custom ASIC design and secure semiconductor engineering services. * Ramp-up of the Quantix Edge Security sovereign semiconductor design and personalization center in Murcia, Spain. * Initial sampling and evaluation revenue from QS7001 and QVault TPM as 42 customers are now evaluating the next generation of secure semiconductor products. FY 2026 Revenue Outlook SEALSQ's outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Forward-Looking Statements" below.
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