Sequans Communications Unaudited Third Quarter 2026 Preliminary Financial Results
Newsfile Corp•03/11/2026•06:00 ET
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Key Highlights
- ➤Q3 revenue $9.1 million, up 21.9% sequentially and 182.8% year-over-year
- ➤Q3 operating loss narrowed to $1.0 million from $7.2 million
- ➤Q3 net loss narrowed to $1.5 million, or $0.10 per diluted ADS
- ➤Cash and short-term deposits reached $39.7 million at September 30
- ➤Bitcoin holdings fell to zero after selling 314 Bitcoin during Q3
Expert Statements
Dr. Georges Karam, CEO of Sequans Communications
“Our third quarter results demonstrate the continued acceleration of our core IoT semiconductor business and the progress we are making toward building a more profitable company.”
Dr. Georges Karam, CEO of Sequans Communications
“Revenue increased 21.9% sequentially and 182.8% year-over-year to $9.1 million, driven by product sales that more than quadrupled compared to the prior year.”
Dr. Georges Karam, CEO of Sequans Communications
“Importantly, this growth reflects the successful conversion of our design-win pipeline into production revenue, supported by expanding customer demand and a growing backlog that now extends into the second half of 2027.”
Dr. Georges Karam, CEO of Sequans Communications
“Together with a significant reduction in operating expenses, reflecting our continued financial discipline, we believe these results reinforce the strength of our business model and our ability to scale toward profitability.”
Dr. Georges Karam, CEO of Sequans Communications
“The completion of our Bitcoin treasury exit represents another important milestone, allowing us to enter the final quarter of 2026 with a significantly strengthened financial foundation, a simplified capital structure, and approximately $40 million in cash and short-term deposits and a nearly debt-free balance sheet.”
Dr. Georges Karam, CEO of Sequans Communications
“With our attention now fully directed toward our semiconductor business, we are focused on capitalizing on the momentum across our 4G IoT product portfolio, expanding our presence in the defense, drone, and space markets through our RF transceiver platform, and advancing our next-generation 5G eRedCap technology.”
Dr. Georges Karam, CEO of Sequans Communications
“Combined with a growing pipeline of high-margin licensing opportunities, we believe these initiatives position Sequans for sustained growth as we enter 2027 and continue working toward long-term profitability.”
Paris, France--(Newsfile Corp. - November 3, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2026.
Third Quarter 2026 Summary Preliminary Unaudited Results Table:
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