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SEALSQ Reaffirms Full-Year Outlook as Nine-Month Revenue Rises 65%

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LAES$1.82 −1.36%

SEALSQ Corp (NASDAQ:LAES) reported preliminary revenue of $16.3 million for the first nine months of 2026, marking a 65% increase compared to $9.9 million in the same period last year. The semiconductor and post-quantum technology developer also reaffirmed its full-year 2026 revenue forecast of $27 million to $36 million.

The sales boost was driven by strong demand for the company's Vault-IC secure element product line, expansion in recurring public key infrastructure subscriptions, and a $3.8 million contribution from acquired ASIC design firm IC'Alps SAS. Additionally, SEALSQ reported holding approximately $463 million in cash, cash equivalents, and restricted cash as of September 30, 2026, providing liquidity to support its commercialization plans.

Looking ahead, the company expects fourth-quarter 2026 revenue between $11 million and $20 million as it ramps up shipments of its validated security chips and expands customer evaluations. Management anticipates a more substantial financial impact from its post-quantum technology pipeline in 2027 and beyond as client testing converts into volume production.

Key points

  • Preliminary nine-month revenue for 2026 reached $16.3 million, up 65% from $9.9 million in the prior-year period.
  • The company reaffirmed its full-year 2026 revenue guidance range of $27 million to $36 million.
  • Fourth-quarter 2026 revenue is expected to range between $11 million and $20 million.
  • Cash, cash equivalents, and restricted cash stood at approximately $463 million at the end of September 2026.

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Questions and answers

What was SEALSQ's revenue for the first nine months of 2026?

SEALSQ reported preliminary nine-month revenue of $16.3 million, representing a 65% increase from $9.9 million in the same period of 2025.

What is SEALSQ's full-year 2026 revenue outlook?

The company reaffirmed its full-year 2026 revenue guidance of $27 million to $36 million, reflecting projected annual growth of approximately 50% to 100%.

How much cash does SEALSQ hold?

As of September 30, 2026, SEALSQ held approximately $463 million in cash, cash equivalents, and restricted cash.