LAES
SEALSQDDocument history
Earnings documents stored for LAES.
Investor releaseQuarter not tagged2026-07-06SEALSQ Reports Preliminary Results, Reaffirms Fiscal 2026 Revenue Guidance
MT Newswires
SEALSQ Reports Preliminary Results, Reaffirms Fiscal 2026 Revenue Guidance
SEALSQ (LAES) reported Q2 preliminary revenue late Monday of $7 million. Preliminary revenue for
Investor releaseQuarter not tagged2026-07-06SEALSQ Corp Reports Preliminary H1 2026 Results; Revenue up 120%, FY 2026 Guidance Reaffirmed
GlobeNewswire
SEALSQ Corp Reports Preliminary H1 2026 Results; Revenue up 120%, FY 2026 Guidance Reaffirmed
Geneva, Switzerland, July 06, 2026 (GLOBE NEWSWIRE) -- Preliminary H1 2026 revenue of approximately $11 million, increased 120% vs. H1 2025, underscoring strong operating momentum. Supported by approximately $495 million in cash and short-term investments, and an active pipeline exceeding $225 million through 2029, the Company reiterates its expectations of 50%–100% revenue growth in FY 2026. 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 results for the six-month period ended June 30, 2026 (“H1 2026”). The Company also provided an update on key strategic initiatives and reaffirmed its full-year 2026 revenue guidance. All figures are preliminary and unaudited. H1 2026 preliminary financial highlights Preliminary unaudited H1 2026 revenue is approximately $11 million, compared to revenue of $5 million in H1 2025, representing approximately 120% year-over-year growth. Q2 2026 preliminary revenue of approximately $7 million reflects a sequential acceleration from the $4 million revenue recorded in Q1 2026. As of June 30, 2026, cash and short-term investments stand at approximately $495 million, providing substantial liquidity to fund organic growth and strategic investments. The Company’s active business pipeline of more than $225 million in potential revenue opportunities through 2029, includes more than $60 million directly tied to QS7001 and QVault TPM post-quantum products. These figures reflect management estimates and are subject to risks such as conversion risks, customer validation, and technical integration. The Company continued to advance its strategic partnerships with the completion of its participation in Quobly’s Series A financing as well as two further investments in EeroQ, thereby strengthening the SEALQuantum initiative. The SEALQuantum Fund, which is an internal strategic initiative through which SEALSQ allocates its own capital to accelerate development of its post-quantum and quantum technology capabilities, has a target allocation of $200 million, underpinning SEALSQ’s long-term Root-to-Qubit strategy with the goal of accelerating the development of a fully integrated Quantum Vertical Sovereign Stack. The 120% year-over-year revenue increase in H1 2026 wa…Read full documentShow less
Geneva, Switzerland, July 06, 2026 (GLOBE NEWSWIRE) -- Preliminary H1 2026 revenue of approximately $11 million, increased 120% vs. H1 2025, underscoring strong operating momentum. Supported by approximately $495 million in cash and short-term investments, and an active pipeline exceeding $225 million through 2029, the Company reiterates its expectations of 50%–100% revenue growth in FY 2026. 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 results for the six-month period ended June 30, 2026 (“H1 2026”). The Company also provided an update on key strategic initiatives and reaffirmed its full-year 2026 revenue guidance. All figures are preliminary and unaudited. H1 2026 preliminary financial highlights Preliminary unaudited H1 2026 revenue is approximately $11 million, compared to revenue of $5 million in H1 2025, representing approximately 120% year-over-year growth. Q2 2026 preliminary revenue of approximately $7 million reflects a sequential acceleration from the $4 million revenue recorded in Q1 2026. As of June 30, 2026, cash and short-term investments stand at approximately $495 million, providing substantial liquidity to fund organic growth and strategic investments. The Company’s active business pipeline of more than $225 million in potential revenue opportunities through 2029, includes more than $60 million directly tied to QS7001 and QVault TPM post-quantum products. These figures reflect management estimates and are subject to risks such as conversion risks, customer validation, and technical integration. The Company continued to advance its strategic partnerships with the completion of its participation in Quobly’s Series A financing as well as two further investments in EeroQ, thereby strengthening the SEALQuantum initiative. The SEALQuantum Fund, which is an internal strategic initiative through which SEALSQ allocates its own capital to accelerate development of its post-quantum and quantum technology capabilities, has a target allocation of $200 million, underpinning SEALSQ’s long-term Root-to-Qubit strategy with the goal of accelerating the development of a fully integrated Quantum Vertical Sovereign Stack. The 120% year-over-year revenue increase in H1 2026 was driven primarily by the strong growth in the demand for our Vault-IC secure element product family. In addition, H1 2026 included six months of consolidated revenues from IC’ALPS SAS, which was acquired in August 2025. Additional contributions came from continued growth in PKI subscription contracts as customers expand digital identity and certificate deployments, and initial revenues from the Quantix Edge Security semiconductor design center in Murcia, Spain. Revenue mix and business driversWhile SEALSQ plans to provide more detailed segment disclosures with its full H1 2026 report, preliminary trends indicate solid performance across several areas: Secure elements (Vault-IC) continued to benefit from connected-device demand, particularly in industrial and IoT use cases where hardware roots-of-trust are increasingly mandated by customers and regulators. PKI and trust services showed recurring revenue growth, reflecting higher volumes of digital identity issuance, certificate renewals and subscription contracts, supported by evolving cyber and data-protection regulations. The consolidation of IC’ALPS revenue contributed meaningfully to H1 2026 performance, validating the acquisition strategy and providing SEALSQ with enhanced ASIC design and manufacturing capabilities. Early revenue from Quantix Edge Security demonstrates traction for sovereign semiconductor initiatives and positions SEALSQ to participate in regional programs focused on secure, domestically controlled chip design and personalization. FY 2026 guidance and growth 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. SEALSQ reaffirmed its previously communicated FY 2026 revenue guidance, with revenue expected to grow between 50% and 100% year-over-year relative to audited FY 2025 revenue of $18.3 million. The Company’s FY 2026 guidance is supported by several identifiable revenue drivers: Increasing PKI recurring revenues as customers respond to escalating cyber threats and the enforcement of regulatory frameworks such as the EU Cyber Resilience Act, enhancing overall revenue visibility. Full-year consolidation of IC’ALPS SAS revenues, compared to five months of contribution in FY 2025, together with an expanding ASIC design contract pipeline expected to support continued top-line growth. Initial revenues from the QS7001 and QVault TPM post-quantum platforms are expected to commence towards the end of H2 2026 following the completion of technical validation and early customer integration cycles. Expected continued expansion of Vault-IC secure element sales into connected devices, industrial systems and edge-computing applications. Anticipated revenue contributions from Quantix Edge Security, a €40 million joint venture with the Spanish government to establish a Post-Quantum sovereign semiconductor personalization center in Murcia, Spain, as the project ramps-up through H2 2026. Expected execution of a custom post-quantum ASIC design contract in H2 2026, which is expected to generate an additional revenue stream beginning in H2 2026. Growing commercial traction from more than fifteen prospective customers and partners actively evaluating QS7001 and its SDK, supported by partnerships with Lattice Semiconductor in the U.S. market. Carlos Moreira, CEO of SEALSQ noted, “The first half of 2026 was an important inflection point for SEALSQ. We delivered approximately 120% year-over-year revenue growth, completed the acquisition of Miraex SA to add quantum photonics interconnect capabilities, increased our ownership in Wecan Group to a majority position, and participated as a lead investor in Quobly’s €115 million Series A round alongside STMicroelectronics. Together, these steps strengthen our position as a vertically integrated, sovereign-focused post-quantum security and quantum technology company, from silicon-level roots-of-trust through to quantum compute and orbital delivery. With QS7001 advancing through its final certification milestones, and a growing commercial pipeline, we believe we have the capital, technology and ecosystem required to lead in the post-quantum era.” John O’Hara, CFO of SEALSQ added, “The first half of 2026 demonstrates continued progress in our financial fundamentals. Preliminary H1 2026 revenue of approximately $11 million, more than double the $5 million revenue in H1 2025, reflects a healthy step-up from roughly $4 million revenue in Q1 to about $7 million revenue in Q2 as IC’ALPS, Vault-IC secure elements, PKI services and the Quantix Edge Security project all contributed. Our cash and short-term investments of approximately $495 million as of June 30, 2026, which were boosted by the $125.0 million Registered Direct Offering completed in March 2026, provides significant capacity to fund growth and execute on our priorities without compromising financial discipline. With an active pipeline of more than $225 million through 2029, including over $60 million tied to QS7001 and QVault TPM, and a reaffirmed FY 2026 revenue guidance range of $27 million to $36 million, we believe we have both the resources and visibility needed to support our commercial ramp and deliver on our financial objectives.” Post-quantum product and certification progressSEALSQ’s post-quantum semiconductor portfolio is anchored by two primary products: QS7001 Post-Quantum Secure Element, designed to embed NIST-standardized algorithms and hybrid cryptographic capabilities at the silicon level. QVault Trusted Platform Module (TPM), designed to provide a post-quantum-capable hardware root-of-trust for systems adopting hybrid and crypto-agile architectures. In H1 2026, SEALSQ achieved key milestones that support commercialization: QS7001 obtained NIST SP 800-90B Entropy Source Validation (ESV Certificate #E333), which is a mandatory prerequisite for achieving FIPS 140-3 Level 3 and CC EAL5+ certifications. In March 2026, QS7001 successfully completed Common Criteria fault-injection and side-channel resistance tests. The Company expects to receive CC EAL5+ Evaluation Technical Report (ETR) from the Information Technology Security Evaluation Facility (ITSEF) lab in H2 2026. QVault TPM customer sampling progressed, and SEALSQ expects initial commercial revenues from this product by the end of H2 2026. QS7001 evaluation kits, available since November 2025, continue to be deployed into enterprise customer environments, supporting a 12–18 month sales and integration cycle that is expected to underpin late-2026 and 2027 production revenues. These certifications and evaluations are critical for customers operating under stringent regulatory regimes, and they position SEALSQ’s products to serve markets where independent validation and certification are a prerequisite for procurement. Jean-Pierre Enguent, CTO of SEALSQ, added, “The convergence of AI and post-quantum technologies is driving one of the most significant shifts in semiconductor security architecture since the introduction of the TPM standard. Our QS7001 post-quantum secure element, which has achieved NIST SP 800-90B Entropy Source Validation and passed all key Common Criteria fault-injection and side-channel tests, is designed to be one of the most comprehensively certified post-quantum silicon platforms available. This gives customers a high level of assurance at a time when regulators are beginning to mandate the transition to post-quantum cryptography under CNSA 2.0, NIST FIPS standards and the EU Cyber Resilience Act.” Regulatory and market backdropGlobal regulators and standards bodies are moving forward with post-quantum cryptography adoption, creating a supportive backdrop for SEALSQ’s offerings: NIST has finalized initial post-quantum standards and is progressing with CNSA 2.0, which guides U.S. federal agencies in transitioning to quantum-resistant algorithms. The European Commission and national agencies are establishing deadlines for migration to post-quantum cryptography across critical infrastructure, with some regulators requiring crypto-agile architectures in newly deployed systems. ANSSI, the French national cybersecurity agency, has indicated that it will cease certifying non–quantum-resistant security products within a defined timeframe, further accelerating the need for compliant, post-quantum-ready solutions. The EU Cyber Resilience Act and related digital regulations are reinforcing hardware-based security requirements, particularly for connected and industrial devices. SEALSQ’s focus on hardware roots-of-trust, European presence and alignment with these frameworks is intended to support customer adoption and long-term demand. SEALQuantum Fund The SEALQuantum Fund, which is an internal strategic initiative through which SEALSQ allocates its own capital to accelerate development of its post-quantum and quantum technology capabilities, has a target allocation of $200 million, underpinning SEALSQ’s long-term Root-to-Qubit strategy with the goal of accelerating the development of a fully integrated Quantum Vertical Sovereign Stack. The initiative focuses on three domains: Quantum hardware and interconnects, including investments in silicon spin-qubit processors, electrons-on-helium qubits and photonics-based quantum interconnects. Semiconductor design and vertical integration, anchored by IC’ALPS and complemented by initiatives in design, IP and manufacturing partnerships. Digital infrastructure, space and AI compliance, including orbital platforms and AI-driven regulatory technology integrating post-quantum security. To date, over $60 million has been allocated into strategic transactions, including IC’ALPS, Miraex, Quobly, Quantix Edge Security, ColibriTD, EeroQ, WISeSat, Quantix Edge Security and Wecan Group. During H1 2026, SEALSQ advanced a series of strategic, operational and product initiatives intended to strengthen its position in post-quantum semiconductors, trusted infrastructure and sovereign quantum technologies. These transactions provide SEALSQ with strategic collaboration opportunities and operational capabilities across multiple layers of the emerging quantum ecosystem. Completed the acquisition of Miraex SA, adding photonics-based quantum interconnect capabilities and strengthening the Company’s “Root-to-Qubit” architecture. Increased its ownership in Wecan Group to a majority position, supporting the integration of SEALSQ’s post-quantum cryptography and hardware root-of-trust into AI-driven compliance tools serving more than 100 financial institutions. Participated as a lead investor in Quobly’s €115 million Series A financing round, expanding collaboration in silicon spin-qubit processors and securing governance rights aligned with SEALSQ’s long-term strategy. Expanded its commitment to EeroQ through additional investment and a lead role in an upcoming financing round, reinforcing SEALSQ’s exposure to electrons-on-helium qubit technology as part of a diversified quantum portfolio. Advanced commercialization of its post-quantum semiconductor portfolio, including QS7001 achieving NIST SP 800-90B Entropy Source Validation and passing key Common Criteria fault-injection and side-channel resistance tests. Progressed customer evaluations of QS7001 and QVault TPM, with more than fifteen prospective customers and partners actively evaluating the platform and initial production revenues expected in H2 2026. Established U.S. market partnerships with Lattice Semiconductor, including a proof-of-concept TPM-FPGA solution demonstrated at Embedded World 2026. Supported the buildout of Quantix Edge Security in Murcia, Spain, a €40 million sovereign semiconductor initiative expected to contribute revenue in H2 2026. Collectively, these actions are intended to position SEALSQ as a vertically integrated participant in both post-quantum security and quantum computing markets. About SEALSQ:SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com. Forward-Looking StatementsThis communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Forward-looking statements in this communication include, but are not limited to, statements relating to: our FY 2026 revenue guidance of 50%–100% year-over-year growth; the expected timing and commencement of revenues from QS7001 and QVault TPM products; expectations regarding our business pipeline through 2029; planned deployment of the SEALQuantum Fund; anticipated progress on post-quantum product certifications, including FIPS 140-3 Level 3 and CC EAL5+ certifications; expected revenue contributions from Quantix Edge Security, IC’ALPS and our other strategic investments; and expectations regarding customer evaluation and integration cycles. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the risks related to the finalization of the financial results for the half-year ended June 30, 2026, the amount of revenue from the commercialization of the QS7001 post-quantum product range, SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; the timing and success of product certifications; market acceptance of our post-quantum semiconductor products; customer procurement and integration timelines; our ability to convert pipeline opportunities into contracted revenue; market demand and semiconductor industry conditions; the pace of regulatory adoption of post-quantum cryptography standards; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. As a result, the preliminary financial results contained in this press release may materially differ from the actual results that will be reflected in the unaudited condensed consolidated financial statements as of June 30, 2026 when they are completed and publicly disclosed. Statements regarding our business pipeline are based on management's current estimates of potential revenue opportunities and do not represent backlog or contracted revenue. Pipeline conversion is subject to numerous factors including customer validation, technical integration requirements, certification timelines, and market conditions. There can be no assurance that pipeline opportunities will convert to actual sales or that such conversion will occur within anticipated timeframes. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
Investor releaseQuarter not tagged2026-05-04WISeKey International H2 Earnings Call Highlights
MarketBeat
WISeKey International H2 Earnings Call Highlights
FY2025 revenue rose 62% to CHF 19.3 million, driven by SEALSQ (CHF 18.3 million, with Q4 at CHF 8 million) as WISeKey shifts from legacy security products toward post‑quantum semiconductor platforms and sampling-related sales. The commercial pipeline exceeds $200 million with more than $60 million tied to the QS7001 and QVault TPM programs; QS7001 has passed EAL5+ fault‑injection/side‑channel tests and NIST validation, and first production revenues are targeted in late 2026. Liquidity and funding strengthened materially — CHF 429 million in cash and short‑term investments at end‑2025, rising to over CHF 535 million by April 30, 2026 after a CHF 125 million raise, and the SEALSQ Quantum Fund expanded to CHF 200 million to support R&D, manufacturing scale and M&A. Interested in WISeKey International Holding Ltd. Sponsored ADR? Here are five stocks we like better. WISeKey International (NASDAQ:WKEY) reported audited full-year 2025 revenue of CHF 19.3 million, up 62% from CHF 11.9 million in 2024, as the company highlighted progress in shifting from legacy security products toward post-quantum semiconductor platforms and a more integrated “convergence” strategy across its business lines. Founder and CEO Carlos Moreira said 2025 was “a defining year” for the company, citing both revenue momentum and a balance sheet that he described as “fundamentally transformed.” He said subsidiary SEALSQ contributed CHF 18.3 million of 2025 revenue, representing 66% growth year-over-year, with fourth-quarter revenue of CHF 8 million. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook Chief Financial Officer John O’Hara said Q4 revenue doubled to CHF 8 million from CHF 4 million in the fourth quarter of 2024. O’Hara added that approximately CHF 3.5 million of the full-year increase was attributable to five months of revenue from IC’Alps, which SEALSQ acquired on Aug. 4, 2025 and consolidated from that date. Management attributed organic growth to a recovery in core secure microcontroller and public key infrastructure (PKI) product families, along with “initial sampling revenue” from post-quantum platforms. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Moreira emphasized that the company’s transition from sampling to commercial revenue is underway and said SEALSQ’s 2025 growth reflected renewed demand in its “legacy semiconductor and P…Read full documentShow less
FY2025 revenue rose 62% to CHF 19.3 million, driven by SEALSQ (CHF 18.3 million, with Q4 at CHF 8 million) as WISeKey shifts from legacy security products toward post‑quantum semiconductor platforms and sampling-related sales. The commercial pipeline exceeds $200 million with more than $60 million tied to the QS7001 and QVault TPM programs; QS7001 has passed EAL5+ fault‑injection/side‑channel tests and NIST validation, and first production revenues are targeted in late 2026. Liquidity and funding strengthened materially — CHF 429 million in cash and short‑term investments at end‑2025, rising to over CHF 535 million by April 30, 2026 after a CHF 125 million raise, and the SEALSQ Quantum Fund expanded to CHF 200 million to support R&D, manufacturing scale and M&A. Interested in WISeKey International Holding Ltd. Sponsored ADR? Here are five stocks we like better. WISeKey International (NASDAQ:WKEY) reported audited full-year 2025 revenue of CHF 19.3 million, up 62% from CHF 11.9 million in 2024, as the company highlighted progress in shifting from legacy security products toward post-quantum semiconductor platforms and a more integrated “convergence” strategy across its business lines. Founder and CEO Carlos Moreira said 2025 was “a defining year” for the company, citing both revenue momentum and a balance sheet that he described as “fundamentally transformed.” He said subsidiary SEALSQ contributed CHF 18.3 million of 2025 revenue, representing 66% growth year-over-year, with fourth-quarter revenue of CHF 8 million. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook Chief Financial Officer John O’Hara said Q4 revenue doubled to CHF 8 million from CHF 4 million in the fourth quarter of 2024. O’Hara added that approximately CHF 3.5 million of the full-year increase was attributable to five months of revenue from IC’Alps, which SEALSQ acquired on Aug. 4, 2025 and consolidated from that date. Management attributed organic growth to a recovery in core secure microcontroller and public key infrastructure (PKI) product families, along with “initial sampling revenue” from post-quantum platforms. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Moreira emphasized that the company’s transition from sampling to commercial revenue is underway and said SEALSQ’s 2025 growth reflected renewed demand in its “legacy semiconductor and PKI product line” as customers worked through inventory, as well as the first sampling-related revenue from post-quantum products. He said SEALSQ’s commercial pipeline exceeds $200 million covering potential opportunities from 2026 through 2029, with more than $60 million tied directly to the QS7001 and QVault TPM programs, which he said grew more than five-fold year-over-year from roughly $11 million. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries On certification, Moreira said QS7001 has passed fault injection and side-channel attack resistance evaluation at the EAL5+ level, and that the company has completed NIST validation. He and O’Hara both pointed to late 2026 as the target period for first production revenues tied to QS7001, framing certification as a “gating event” that helps convert pipeline into recurring hardware revenue. O’Hara said the company posted a 2025 net loss of CHF 38.2 million. He attributed the loss largely to CHF 8.3 million of non-cash share-based compensation, consolidation following the IC’Alps acquisition, increased R&D investment to accelerate post-quantum semiconductor products, and expanded sales and marketing expenses intended to support an expected commercial ramp. He said those items were partially offset by a one-off credit tied to settlement of the ExWorks loan and interest income on cash deposits. On liquidity, O’Hara said WISeKey ended 2025 with CHF 429 million in cash and short-term investments, up from CHF 91 million at the end of 2024. He noted this increase occurred while the company deployed about CHF 23 million toward strategic investments during the year. He added that in March 2026, SEALSQ raised an additional CHF 125 million. As of April 30, 2026, O’Hara said the WISeKey group held more than CHF 535 million in cash and short-term investments, positioning it to fund post-quantum R&D, scale manufacturing capacity, pursue selective M&A, and continue deploying capital through the SEALSQ Quantum Fund. Moreira said the SEALSQ Quantum Fund expanded from CHF 20 million at launch in 2025 to CHF 200 million of available capital resources as of April 30, 2026, with approximately CHF 23.2 million deployed across five portfolio positions. He described the investments as supporting vertical integration rather than “adjacent bets.” IC’Alps: CHF 14 million, adding more than 100 ASIC engineers in Grenoble and supporting development of a quantum-resistant secure element optimized for CRYSTALS-Kyber. Quantix Edge Security (Murcia, Spain): CHF 4.2 million toward a post-quantum semiconductor personalization center, which Moreira said is co-funded with Spain’s SETT.es, including a CHF 20 million contribution from the Spanish government. WeCan Group: CHF 4 million to integrate post-quantum secure digital identity into financial KYC. EeroQ/Anchor (Chicago): two rounds of investment described as aligned with SEALSQ’s CMOS-compatible semiconductor focus. ColibriTD: an initial investment tied to improving sub-7nm wafer yields, which Moreira said could reduce chip manufacturing costs. Moreira also said the company plans to demonstrate a joint quantum security stack at a Geneva Quantum Center of Excellency that is in preparation and targeted for inauguration in October. Moreira said WISeKey’s “year of convergence” involves integrating five pillars—SEALSQ, WiseSat, SEALCOIN, WISeID/INES, and WISe.ART—into a single vertically integrated “quantum secure platform.” On WiseSat, he said the company has launched 21 satellites to date, with 14 operational in low Earth orbit, and remains on track toward a 100-satellite constellation. Moreira said a definitive business combination agreement signed in November with Columbus Acquisition Corporation is expected to close in the second half of 2026, “very likely” around September, resulting in WISeSat.Space Holdings being listed on Nasdaq. He said WISeKey and SEALSQ would receive 25 million shares at $10 per share, representing $250 million of equity value, while retaining majority ownership. During Q&A, Moreira described WiseSat’s early constellation as supporting track-and-trace and connectivity use cases in areas where terrestrial coverage is limited, including logistics and military-related applications. He also discussed embedding a crypto wallet into satellites tied to SEALCOIN, which he said is 80% owned by WISeKey in cooperation with Hedera. On regulation, Moreira pointed to the U.S. government’s CNSA 2.0 mandate, which he said requires CNSA 2.0 compliance for new national security system acquisitions by Jan. 1, 2027, and said federal agencies must identify and remediate quantum-vulnerable systems. He said the company is seeing this translate into pipeline activity in areas including defense and smart meters. O’Hara said the company is reaffirming its full-year 2026 revenue guidance of 50% to 100% growth year-over-year, driven primarily by SEALSQ. He cited drivers including full-year consolidation of IC’Alps, entry into the trusted platform module market via QVault TPM, QASIC custom post-quantum ASIC engagements, QS7001 production revenues following EAL5+ certification late in 2026, initial revenues from the Quantix Edge Security personalization center development, and continued expansion of recurring PKI subscription revenue. WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats. Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors. The article "WISeKey International H2 Earnings Call Highlights" was originally published by MarketBeat.
Investor releaseQuarter not tagged2026-05-01WISeKey Reports Audited Full Year 2025 Financial Results
GlobeNewswire
WISeKey Reports Audited Full Year 2025 Financial Results
WISeKey Reports Audited Full Year 2025 Financial Results Schedules Conference Call for Monday, May 4 at 9:00am EDT Audited FY 2025 revenue of $19.3 million, representing 62% growth year-over-year Subsidiary SEALSQ reported 66% year-over-year revenue growth Reaffirms FY 2026 guidance with revenue expected to grow between 50%-100% year-over-year; Q1 2026 unaudited revenue of $4.2 million Strong cash and short-term investments of over $535 million as of April 30, 2026, well positions the WISeKey Group to execute growth strategy Commercial pipeline exceeding $200 million for 2026–2029 for SEALSQ alone, including over $60 million linked to QS7001 and QVault TPM programs Geneva, Switzerland - April 30, 2026 - Ad hoc announcement pursuant to Art. 53 LR - WISeKey International Holding Ltd (“WISeKey” or “WISeKey Group”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today reported its audited financial results for the fourth quarter (“Q4 2025”) and full year (“FY 2025”) ended December 31, 2025. These results include audited figures from its subsidiary SEALSQ Corp (“SEALSQ”) (NASDAQ: LAES), which focuses on semiconductors, PKI, and post-quantum technology hardware and software products. WISeKey holds 52% of the voting rights in SEALSQ, enabling full consolidation of SEALSQ’s revenue, cash, pipeline, and balance sheet into the WISeKey financial statements. FY 2025 Key Financial Highlights *Excludes SEALSQ’s investment in WISeSat ** Pipeline reflects potential revenue opportunities with current and prospective customers from 2026 through 2029 and only includes SEALSQ. Pipeline figures are unaudited forward-looking estimates and are not guarantees of future revenue and reflects management estimates and are subject to conversion risks, customer validation and technical integration. FY 2025 Key Financial and Operational Highlights FY 2025 revenue reached $19.3 million, representing a 62% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. SEALSQ, a subsidiary, generated revenue of $18.3 million for FY 2025. Revenue growth was driven by renewed demand across core semiconductor and PKI product lines and five months of revenue contribution from IC'ALPS SAS (“IC’ALPS”) following its acquisition by SEALSQ on August 4, 2025 (approximately $3.5 million). The 2025 numbers reflected th…Read full documentShow less
WISeKey Reports Audited Full Year 2025 Financial Results Schedules Conference Call for Monday, May 4 at 9:00am EDT Audited FY 2025 revenue of $19.3 million, representing 62% growth year-over-year Subsidiary SEALSQ reported 66% year-over-year revenue growth Reaffirms FY 2026 guidance with revenue expected to grow between 50%-100% year-over-year; Q1 2026 unaudited revenue of $4.2 million Strong cash and short-term investments of over $535 million as of April 30, 2026, well positions the WISeKey Group to execute growth strategy Commercial pipeline exceeding $200 million for 2026–2029 for SEALSQ alone, including over $60 million linked to QS7001 and QVault TPM programs Geneva, Switzerland - April 30, 2026 - Ad hoc announcement pursuant to Art. 53 LR - WISeKey International Holding Ltd (“WISeKey” or “WISeKey Group”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today reported its audited financial results for the fourth quarter (“Q4 2025”) and full year (“FY 2025”) ended December 31, 2025. These results include audited figures from its subsidiary SEALSQ Corp (“SEALSQ”) (NASDAQ: LAES), which focuses on semiconductors, PKI, and post-quantum technology hardware and software products. WISeKey holds 52% of the voting rights in SEALSQ, enabling full consolidation of SEALSQ’s revenue, cash, pipeline, and balance sheet into the WISeKey financial statements. FY 2025 Key Financial Highlights *Excludes SEALSQ’s investment in WISeSat ** Pipeline reflects potential revenue opportunities with current and prospective customers from 2026 through 2029 and only includes SEALSQ. Pipeline figures are unaudited forward-looking estimates and are not guarantees of future revenue and reflects management estimates and are subject to conversion risks, customer validation and technical integration. FY 2025 Key Financial and Operational Highlights FY 2025 revenue reached $19.3 million, representing a 62% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. SEALSQ, a subsidiary, generated revenue of $18.3 million for FY 2025. Revenue growth was driven by renewed demand across core semiconductor and PKI product lines and five months of revenue contribution from IC'ALPS SAS (“IC’ALPS”) following its acquisition by SEALSQ on August 4, 2025 (approximately $3.5 million). The 2025 numbers reflected the transitional period between the traditional product offerings and next-generation post-quantum semiconductor platforms, and included initial revenue from sampling the post-quantum technology products, with the transition expected to enter its commercialization phase with the first production revenues anticipated in the latter part of 2026. FY 2025 net loss of $38.2 million. This has increased by 20% against the net loss in FY 2024 and includes a non-cash share-based compensation charge of $8.3 million, in addition to increased operating expenses due to the consolidation of IC’ALPS since August 2025, an increase in our research & development, and sales & marketing efforts designed to accelerate growth with the launch of the new post-quantum semiconductor product range. This is partially offset by a one-off credit upon settlement of the ExWorks loan and interest received on WISeKey’s cash deposits. Ended the year with a strong balance sheet. As of December 31, 2025, WISeKey had $429 million in cash and short-term investments, providing one of the strongest liquidity positions in its sector, even after deploying $23 million during the past year toward strategic investments in companies such as WeCan Group (“WeCan”), IC’ALPS, and Quantix Edge Security. WISeKey via SEALSQ raised approximately $125 million in March 2026. As of April 30, 2026, WISeKey had over $535 million in cash and short-term investments. This capital base enables the WISeKey Group to deploy its resources strategically in accelerated post-quantum R&D, manufacturing scale-up, strategic acquisitions and ecosystem investments and vertical integration in ASIC design and quantum infrastructure. Active business pipeline estimated to total over $200 million as of March 31, 2026, reflecting potential revenue opportunities with both current and potential new customers from 2026 through 2029, including $60 million linked to QS7001 and QVault TPM programs. This pipeline highlights rising global demand for quantum-resistant security and sovereign semiconductor design and the continued evolution of our business development activities. These figures reflect management estimates and are subject to conversion risks, customer validation and technical integration. Carlos Moreira, Founder & CEO of WISeKey, noted, “The 62% revenue growth achieved in 2025, and the strong start to 2026, clearly demonstrate the transition of our semiconductor and post-quantum strategy from investment to commercial acceleration. With strong liquidity, a rapidly expanding pipeline, and rising global demand for sovereign, quantum-resistant infrastructure, WISeKey is uniquely positioned to lead the next generation of secure digital ecosystems.” SEALSQ Corp — Subsidiary Performance SEALSQ delivered revenue growth of 66% year-over-year for FY 2025, driven by robust demand for its secure microcontroller and PKI product families and initial commercial contributions from its post-quantum semiconductor programs. SEALSQ reinforces WISeKey’s long-term strategy to build a vertically integrated quantum-secure platform across two foundational layers: Foundational Layer — Post-Quantum Silicon: Advanced cryptographic IP, secure elements, TPM architectures, and quantum-resistant chiplets including QS7001, QVault™ TPM, and QASIC™. Computational Layer — Quantum Ecosystems: Strategic participation in companies developing quantum processors (EeroQ) and quantum-classical interface technologies (ColibriTD), extending trust from silicon identity to secure quantum access. SEALSQ Quantum Strategic Investments and Vertical Integration During 2025, SEALSQ deployed over $20 million into strategic investments aimed at strengthening its Quantum technology expertise and its vertical integration. The total approved allocation of capital resources started at $20 million in February 2025 and was increased in multiple steps to $200 million as of April 30, 2026. Each investment is structured as an active R&D and technology co-development partnership. FY 2026 Outlook & Commercial Momentum WISeKey’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. SEALSQ has now entered its commercial acceleration phase. Its pipeline of over $200 million (as at March 31, 2026) in potential revenue opportunities from 2026 through 2029, includes more than $60 million linked to QS7001 and QVault TPM programs, reflecting rising global demand for quantum-resistant security and sovereign semiconductor design solutions. WISeKey’s recognized revenue of $4.2 million in Q1 2026, representing over 200% growth versus Q1 2025. WISeKey also confirms that it expects FY 2026 revenue growth of +50% to +100% year-over-year, mainly driven by the anticipated growth in SEALSQ. Key Revenue Drivers for 2026 QS7001 & QVault™ TPM: Commercial rollout of post-quantum secure chips; initial revenues expected late 2026 following EAL 5+ certification. IC’ALPS Full Consolidation: Full-year contribution from the ASIC design subsidiary acquired August 2025. TPM Market Expansion: Anticipated entry into the Trusted Platform Module market leveraging QVault™ TPM. QASIC™ Programs: Launch of custom post-quantum ASIC development engagements. Regulatory Tailwinds: U.S. NSA CNSA 2.0 mandates (requiring CNSA 2.0 compliance for new National Security System acquisitions by January 1, 2027) and NIST PQC Standards (finalized August 2024) driving enterprise and government adoption. Recurring Revenue Growth: Continued expansion of PKI subscription services and OSPT personalization revenues. Quantix Edge Security: Initial revenues from the sovereign semiconductor personalization center in Spain. WISeSat.Space: Definitive Business Combination Agreement Targeting a Listing on the Nasdaq On November 10, 2025, WISeKey and Columbus Acquisition Corp. (NASDAQ: COLA), a Cayman Islands special purpose acquisition company, announced the execution of a Definitive Business Combination Agreement. The transaction is expected to result in the public listing of WISeKey’s satellite subsidiary on the Nasdaq Stock Exchange under the name WISeSat.Space Holdings Corp. Transaction Structure: WISeKey and SEALSQ together will receive 25.0 million shares in the newly combined entity at $10 per share, representing $250 million in equity of WISeSat.Space Holdings Corp., while retaining majority ownership. Expected Closing: The transaction is anticipated to close in the second half of 2026, enabling WISeSat.Space AG (“WISeSat”) to operate as an independently listed Nasdaq company. Constellation Scale: WISeSat and its partners have launched 21 satellites to orbit, with 14 currently operational in Low Earth Orbit; the program targets an up to 100-satellite constellation. Quantum-Secure Infrastructure: WISeSat satellites are equipped with SEALSQ’s post-quantum cryptographic chips, WISeKey’s Root of Trust, WISeID identity management, and Hedera distributed ledger technology, enabling quantum-resilient IoT connectivity for logistics, agriculture, energy, and defense. Furthermore, as previously announced, the anticipated completion of WISeSat’s Business Combination Agreement and subsequent listing on the Nasdaq is expected to support SEALSQ’s Quantum Spatial Orbital Cloud (“QSOC”) initiative, under which WISeSat would operate as the space infrastructure platform. The QSOC initiative plans to deploy up to a 100-satellite constellation delivering quantum key distribution (QKD), quantum random number generation (QRNG), and post-quantum identity services as a subscription offering to enterprises and governments worldwide, with satellites deploying incrementally from 2026 through Full Operational Capability (“FOC”) in 2033. WISeSat: Constellation Owner & Operator: Designs, manufactures, launches, and operates the space segment including satellites, ground stations, and frequency licenses. SEALSQ: Quantum Cloud Owner & Operator: Deploys its proprietary quantum technology stack and operates QSOC as a managed cloud platform. Customers contract directly with SEALSQ. Full Operational Capability: FOC is targeted for 2033. At FOC, WISeSat is expected to operate a constellation providing dedicated QSOC capacity for SEALSQ, and SEALSQ is aiming to deliver a contractually guaranteed 99.9% uptime service-level agreement to its customers. Mr. Moreira added, “The quantum threat to today’s encrypted infrastructure is mathematically certain and approaching rapidly. The QSOC is not a science project, it is the commercial orbital layer that will protect the financial system, critical infrastructure, and national security communications from the quantum computing era.” 2026 WISeKey Group Key Operational Milestones QS7001 Certification: Fault injection and side-channel attack resistance confirmed passed (EAL 5+). NIST FIPS SP 800-90B entropy source validation completed. First production revenues on track for late 2026. Satellite Launch: WISeSat successfully launched its 21st satellite to Low Earth Orbit via SpaceX. Swiss Armed Forces Pilot Completion: Completion of the pilot between WISeSat and the Swiss Armed Forces’ Space Command covering satellite missions, payload integration, and secure communications testing. SEALCOIN Spacedrop: SEALCOIN AG launched ‘Spacedrop’, an early-access onboarding initiative backed by The Hashgraph Association / Hedera network. HQ Relocation: SEALSQ and WISeKey will move to Pont-Rouge, Lancy in the second half of 2026, establishing the Geneva Quantum Center of Excellence. 2026 Key Partnerships Lattice Semiconductor: Unified TPM-FPGA architecture combining QS7001 and QVault TPM with Lattice FPGA solutions. Live proof-of-concept at Embedded World 2026. WeCan / WISeID Integration: WeCan integrated WISeID digital identity into compliance solutions, advancing PQC-secured blockchain KYC capabilities. PQC Ecosystem Deployment: Deployment of CRYSTALS-Kyber and CRYSTALS-Dilithium across hardware, blockchain, and satellite IoT in collaboration with WeCan, WISeSat, and WISeID. Wi-SUN Alliance: SEALSQ announced support for Wi-SUN Alliance members with QS7001 chips and INeS PKI for quantum-resilient smart meter ecosystems at the Wi-SUN Open House 2026, in Tokyo. Trusted Semiconductor Solutions Alliance: New U.S. go-to-market alliance with a Category 1A Trusted-accredited company serving U.S. defense and government agencies. The Hashgraph Association / Hedera: Strategic funding and technical support underpinning SEALCOIN’s Hedera-based M2M transaction ecosystem. WISeKey Ecosystem — Year of Convergence 2026 marks WISeKey’s “Year of Convergence” — five foundational technology pillars integrated into unified, interoperable platforms: SEALSQ: develops post-quantum secure chips (QS7001™, QVault™ TPM), designed to generate ASIC design services revenue, hardware revenue, and recurring income through Outsourced Semiconductor Personalization and Test (OSPT) centers. WISeSat: 21 satellites launched to date; a planned SPAC merger with Columbus Acquisition Corp. targeting Nasdaq listing as WISeSat.Space Holdings Corp. in the second half of 2026. SEALCOIN: Chip-level machine-to-machine transactions secured by post-quantum cryptography and verifiable trusted identity on the Hedera network. WISeID and INeS: Global PKI infrastructure supporting Matter Protocol, GSMA eUICC, enterprise authentication, and sovereign digital identity frameworks. WISe.Art: Secure tokenization and digital asset authentication combining blockchain with hardware Root of Trust technologies. Regulatory & Standards Environment U.S. NSA CNSA 2.0: All new acquisitions for National Security Systems must be CNSA 2.0 compliant by January 1, 2027. OMB Memorandum M-23-02: U.S. federal agencies required to identify and remediate quantum-vulnerable systems. NIST PQC Standards (2024): FIPS 203 (ML-KEM/Kyber), FIPS 204 (ML-DSA/Dilithium), and FIPS 205 (SLH-DSA) finalized. SEALSQ products are designed to comply with these standards. Filing of 2025 Annual Report on Form 20-F WISeKey filed its Condensed Consolidated Financial Statements in the Form 20-F for the full year period ended December 31, 2025, with the U.S. Securities and Exchange Commission on April 30, 2026. The Form 20-F can be accessed by visiting the Company’s website at www.wisekey.com. In addition, the Company's stockholders may receive a hard copy of the Form 20-F, which includes complete audited financial statements, free of charge by contacting its Investor Relations Representative at [email protected] or +1 212 836-9611. Conference Call The Company will host a conference call to review its results on Monday, May 4, 2026, at 9:00 am EDT (3:00 pm CEST). To join, please use the following dial-in numbers: Toll-Free Dial-In Number: 877-445-9755 International Dial-In Number: 201-493-6744 The webcast of the call can be accessed through the Investor Relations section of WISeKey’s website at www.wisekey.com. An archived version of the call will also be made available. ADDITIONAL FINANCIAL & OPERATIONAL DATA Consolidated Statements of Comprehensive Income/(Loss) [as reported] The notes are an integral part of our consolidated financial statements. Consolidated Balance Sheets [as reported] The notes are an integral part of our consolidated financial statements. About WISeKey WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA, which specializes in RoT and PKI solutions for secure authentication and identification in IoT, blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and houses the development of the SEALCOIN platform. Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com. Forward-Looking Statements This communication contains forward-looking statements concerning WISeKey International Holding Ltd and its business. Forward-looking statements can be identified by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that could cause WISeKey’s actual results, financial condition, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include: our ability to convert our pipeline into actual sales; the ability to realize WISeKey’s anticipated growth strategies and profitability; the development of post-quantum cryptography products and the potential market for such products; WISeKey’s plans for global customer base expansion; the expansion of the WISeSat project and the QSOC initiative; the timing and expected revenues from the commercial deployment of the QS7001 quantum-resistant semiconductor; the proposed business combination between WISeSat and Columbus Acquisition Corp.; the sufficiency of cash to meet liquidity needs; WISeKey’s ability to attract and retain customers; changes in economic conditions; market demand and semiconductor industry conditions; and the risks discussed in WISeKey’s filings with the SEC. WISeKey is providing this communication as of this date and does not undertake to update any forward-looking statements as a result of new information, future events or otherwise. Statements regarding our business pipeline are based on management's current estimates of potential revenue opportunities and do not represent backlog or contracted revenue. Pipeline conversion is subject to numerous factors including customer validation, technical integration requirements, certification timelines, and market conditions. There can be no assurance that pipeline opportunities will convert to actual sales or that such conversion will occur within anticipated timeframes. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSA’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey. Given the risks and uncertainties described herein, you should not place undue reliance on forward-looking statements as a prediction of actual results. Press and Investor Contacts
Investor releaseQuarter not tagged2026-04-02SEALSQ Corp (LAES) (FY 2025) Earnings Call Highlights: Record Revenue Growth Amid Strategic ...
GuruFocus.com
SEALSQ Corp (LAES) (FY 2025) Earnings Call Highlights: Record Revenue Growth Amid Strategic ...
This article first appeared on GuruFocus. Total Revenue: $18.3 million in fiscal year 2025, up 66% from $11 million in 2024. Semiconductor Segment Revenue: $14.7 million, up from $11 million in the prior year. ASIC Segment Revenue: $3.6 million, following the acquisition of IC Alps in August 2025. Gross Profit: $8.6 million, up from $3.7 million in the prior year. Gross Margin: Expanded to 47%, up 13 percentage points from the previous year. Operating Expenses: $48.4 million, an increase of 132% from $20.9 million in 2024. Net Loss: $34.2 million, compared to $21.2 million in 2024. Cash and Cash Equivalents: $417.7 million at year-end, up from $84.6 million in 2024. Operating Cash Outflow: $31.3 million for the year. Total Debt: $1.7 million, related to French government-supported loans. R&D Expenditure: $10.1 million, representing 25% of total operating expenses. Interest Income: $6.1 million, contributing to non-operating income of $8.9 million. Warning! GuruFocus has detected 6 Warning Signs with LAES. Is LAES fairly valued? Test your thesis with our free DCF calculator. Release Date: April 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SEALSQ Corp (NASDAQ:LAES) achieved a market valuation surpassing $1 billion and upgraded to the NASDAQ Global Select Market, reflecting its growing scale and institutional governance standards. The company raised over $530 million in capital, providing substantial financial flexibility to accelerate growth and deepen investment in innovation. The commercial launch of the Quantum Shield QS7001, the world's first post-quantum semiconductor, marked a significant milestone, with a pipeline growing to over $60 million for 2026 to 2029. SEALSQ Corp (NASDAQ:LAES) established a strategic partnership with Trusted Semiconductor Solution (TSS) to co-develop made-in-US PQC-enabled semiconductor solutions, strengthening its footprint in the U.S. Defense ecosystem. The company's total revenue grew by 66% in fiscal year 2025, driven by a strong recovery in the semiconductor segment and the addition of the new ASIC segment. Total operating expenses increased by 132% in 2025, driven by non-cash stock-based compensation charges and structural changes in the business. The net loss for the year was $34.2 million, compared to $21.2 million in 2024, despite substantial revenue growt…Read full documentShow less
This article first appeared on GuruFocus. Total Revenue: $18.3 million in fiscal year 2025, up 66% from $11 million in 2024. Semiconductor Segment Revenue: $14.7 million, up from $11 million in the prior year. ASIC Segment Revenue: $3.6 million, following the acquisition of IC Alps in August 2025. Gross Profit: $8.6 million, up from $3.7 million in the prior year. Gross Margin: Expanded to 47%, up 13 percentage points from the previous year. Operating Expenses: $48.4 million, an increase of 132% from $20.9 million in 2024. Net Loss: $34.2 million, compared to $21.2 million in 2024. Cash and Cash Equivalents: $417.7 million at year-end, up from $84.6 million in 2024. Operating Cash Outflow: $31.3 million for the year. Total Debt: $1.7 million, related to French government-supported loans. R&D Expenditure: $10.1 million, representing 25% of total operating expenses. Interest Income: $6.1 million, contributing to non-operating income of $8.9 million. Warning! GuruFocus has detected 6 Warning Signs with LAES. Is LAES fairly valued? Test your thesis with our free DCF calculator. Release Date: April 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SEALSQ Corp (NASDAQ:LAES) achieved a market valuation surpassing $1 billion and upgraded to the NASDAQ Global Select Market, reflecting its growing scale and institutional governance standards. The company raised over $530 million in capital, providing substantial financial flexibility to accelerate growth and deepen investment in innovation. The commercial launch of the Quantum Shield QS7001, the world's first post-quantum semiconductor, marked a significant milestone, with a pipeline growing to over $60 million for 2026 to 2029. SEALSQ Corp (NASDAQ:LAES) established a strategic partnership with Trusted Semiconductor Solution (TSS) to co-develop made-in-US PQC-enabled semiconductor solutions, strengthening its footprint in the U.S. Defense ecosystem. The company's total revenue grew by 66% in fiscal year 2025, driven by a strong recovery in the semiconductor segment and the addition of the new ASIC segment. Total operating expenses increased by 132% in 2025, driven by non-cash stock-based compensation charges and structural changes in the business. The net loss for the year was $34.2 million, compared to $21.2 million in 2024, despite substantial revenue growth. The certification completion for key products remains a gating factor for revenue conversion, with milestones expected through Q4 2026. Integration cycles in the semiconductor industry typically span 6 to 18 months, posing challenges to accelerating time from design to full production. The establishment of U.S. personalization centers is capital-intensive, requiring approximately $300 million in investment, with operational timelines extending to 2027. Q: With regulations starting to have an impact in late '26, do you expect the number of customers you're engaging with to increase over the course of the year? A: Carlos Moreira, CEO: Yes, several factors will accelerate sales in QS7001 post-quantum products. Regulatory frameworks like CNSA 2.0 are driving urgency for PQC compliance, especially in critical infrastructure. Certifications are progressing, and there's a consensus that quantum threats are arriving sooner than expected, increasing demand for our products. Q: What is the timeline for the U.S. personalization centers, and when can we expect them to generate revenue? A: Carlos Moreira, CEO: Originally, building from scratch was a 4-5 year plan, but now we're partnering with existing infrastructure, reducing time to market to 6 months to a year. We aim to announce the location by June and expect operational centers by the end of the year, aligning with CNSA 2.0 compliance. Q: Is the demand for land and power resources from the AI industry affecting your demand cycles or pricing? A: Carlos Moreira, CEO: We don't have specific information on that. However, quantum computers may reduce the need for traditional data center space and memory chips. Our focus is on sectors like smart meters, where our technology enables secure energy transactions, which is expanding due to diversification in energy sources. Q: How are you addressing the urgency created by the potential of quantum computers breaking current encryption methods? A: Carlos Moreira, CEO: The urgency is significant, with advancements in qubit generation accelerating. Our first-mover advantage in PQC chips is crucial, and partnerships with companies like Lattice Semiconductor are helping us reach more customers quickly. Q: Can you elaborate on the strategic importance of the Quantum Fund and recent capital raises? A: Carlos Moreira, CEO: The Quantum Fund, now at $200 million, supports innovation and commercialization of quantum solutions. Recent capital raises, including $125 million in March 2026, fund the development of U.S. semiconductor personalization centers, crucial for compliance and strategic growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-04-01SEALSQ Announces FY 2025 Audited Financial Results, Reaffirms Q1 2026 Expectations & FY 2026 Guidance, Updates on Partnerships and QS7001 Certification & Go-to-Market Execution
GlobeNewswire
SEALSQ Announces FY 2025 Audited Financial Results, Reaffirms Q1 2026 Expectations & FY 2026 Guidance, Updates on Partnerships and QS7001 Certification & Go-to-Market Execution
Geneva, Switzerland, March 31, 2026 (GLOBE NEWSWIRE) -- Conference Call to be Held on April 1 at 9:00am ET Audited FY 2025 revenue of $18 million, representing 66% growth year-over-year Entered 2026 with a strong commercial momentum and expects Q1 2026 revenue to exceed $4 million and grow over 100% as compared to Q1 2025 Reaffirms FY 2026 guidance with revenue expected to grow between 50%-100% year over year Strong cash and short-term investments of over $525 million as of March 31, 2026, well positions SEALSQ to execute growth strategy Active business pipeline exceeding $200 million for 2026–2029, including over $60 million linked to QS7001 and QVault TPM programs Good progress on partnerships and investments Strategy to establish SEALSQ as a cornerstone player at the intersection of secure semiconductors, Post-Quantum cryptography, and Quantum Technologies SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or the “Company”), a global leader in semiconductor, PKI, and Post-Quantum security technologies, today announces audited results for full year (“FY”) 2025, provides first quarter 2026 revenue expectations, and reaffirms FY 2026 revenue guidance. FY 2025 Key Financial and Operational Highlights FY 2025 revenue reached $18.3 million, representing a 66% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. Revenue growth was driven by renewed demand across core semiconductor and PKI product lines and five months of revenue contribution from IC'ALPS SAS (“IC’ALPS”) following its acquisition on August 4, 2025 (approximately $3.5 million). The 2025 numbers reflected the transitional period between the traditional product offerings and next-generation Post-Quantum semiconductor platforms, and included initial revenues from sampling the Post-Quantum technology products, with the transition expected to enter its commercialization phase with the first production revenues anticipated in the latter part of 2026. FY 2025 net loss of $34.2 million. This 61% increase against the net loss in FY 2024 includes a non-cash share based compensation charge of $11.2 million, in addition to increased operating expenses due to the consolidation of IC’ALPS since August 2025, an increase in general & administrative expenses due primarily to the engagement of SEALSQ Corp’s management team and certain central functions beginning in January…Read full documentShow less
Geneva, Switzerland, March 31, 2026 (GLOBE NEWSWIRE) -- Conference Call to be Held on April 1 at 9:00am ET Audited FY 2025 revenue of $18 million, representing 66% growth year-over-year Entered 2026 with a strong commercial momentum and expects Q1 2026 revenue to exceed $4 million and grow over 100% as compared to Q1 2025 Reaffirms FY 2026 guidance with revenue expected to grow between 50%-100% year over year Strong cash and short-term investments of over $525 million as of March 31, 2026, well positions SEALSQ to execute growth strategy Active business pipeline exceeding $200 million for 2026–2029, including over $60 million linked to QS7001 and QVault TPM programs Good progress on partnerships and investments Strategy to establish SEALSQ as a cornerstone player at the intersection of secure semiconductors, Post-Quantum cryptography, and Quantum Technologies SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or the “Company”), a global leader in semiconductor, PKI, and Post-Quantum security technologies, today announces audited results for full year (“FY”) 2025, provides first quarter 2026 revenue expectations, and reaffirms FY 2026 revenue guidance. FY 2025 Key Financial and Operational Highlights FY 2025 revenue reached $18.3 million, representing a 66% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. Revenue growth was driven by renewed demand across core semiconductor and PKI product lines and five months of revenue contribution from IC'ALPS SAS (“IC’ALPS”) following its acquisition on August 4, 2025 (approximately $3.5 million). The 2025 numbers reflected the transitional period between the traditional product offerings and next-generation Post-Quantum semiconductor platforms, and included initial revenues from sampling the Post-Quantum technology products, with the transition expected to enter its commercialization phase with the first production revenues anticipated in the latter part of 2026. FY 2025 net loss of $34.2 million. This 61% increase against the net loss in FY 2024 includes a non-cash share based compensation charge of $11.2 million, in addition to increased operating expenses due to the consolidation of IC’ALPS since August 2025, an increase in general & administrative expenses due primarily to the engagement of SEALSQ Corp’s management team and certain central functions beginning in January 2025, as well as further investment made in our research & development, and sales & marketing efforts designed to accelerate growth with the launch of the new Post-Quantum semiconductor product range. Ended the year with a strong balance sheet. As of December 31, 2025, SEALSQ held over $425 million in cash and short term investments, providing one of the strongest liquidity positions in its sector, even after deploying $30 million during the past year toward strategic investments in WeCan Group, IC’ALPS, Quantix Edge Security and WISeSat.Space (WISeSat), a secure satellite and critical digital satellite infrastructure company and a subsidiary of SEALSQ’s parent company, WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company. SEALSQ raised approximately $125 million in March 2026. As of March 31, 2026, SEALSQ has over $525 million in cash and short-term investments. This capital base enables accelerated Post-Quantum R&D, manufacturing scale-up, strategic acquisitions and ecosystem investments and vertical integration in ASIC design and quantum infrastructure. Active business pipeline estimated to total over $200 million as of March 31, 2026, reflecting potential revenue opportunities with both current and potential new customers from 2026 through 2029, including $60 million linked to QS7001 and QVault TPM programs. This pipeline highlights rising global demand for quantum-resistant security and sovereign semiconductor design and the continued evolution of our business development activities. These figures reflect management estimates and are subject to conversion risks, customer validation and technical integration. Carlos Moreira, CEO of SEALSQ, stated: “Our 66% revenue growth in 2025, coupled with early indications that Q1 2026 revenue will exceed $4 million, represents a decisive inflection point for SEALSQ. These results underscore the strength of our strategy and signal our transition from a capital-intensive development and investment cycle into a phase of commercial acceleration. We are now entering a period defined by execution and scale. Backed by more than $525 million in cash and short-term investments, and supported by a robust pipeline of over $200 million in potential new revenue opportunities, SEALSQ is strategically positioned to become a cornerstone player in sovereign security semiconductor, quantum-security and quantum technologies ecosystems worldwide.” Mr. Moreira continued, “At the same time, accelerating global demand for quantum-resistant cybersecurity, driven in particular by US regulation like CNSA 2.0 and sovereign semiconductor solutions, is reshaping the competitive landscape. Governments and enterprises alike are prioritizing secure, future-proof infrastructure, creating a powerful tailwind for our technologies. Against this backdrop, SEALSQ is uniquely positioned to play a foundational role in the emerging Quantum-security and sovereign semiconductor ecosystems worldwide with a unique ability to deliver catalog chips, custom secure ASICs, and security IP. Our focus is clear: convert technological leadership into commercial success, deepen strategic partnerships, and establish SEALSQ as a trusted cornerstone in next-generation digital security and quantum infrastructure.” Quantum Shield QS 7001 Accreditation Process SEALSQ reaffirmed that the QS7001 certification process is progressing substantially in line with the timeline that had previously been communicated. We have received written confirmation from the certification body that the most critical part of the Common Criteria evaluation required to achieve Evaluation Assurance Level (EAL) 5+, namely fault injection and side-channel attacks, confirming the QS7001’s resistance, passed in March as anticipated. The testing laboratory is now finalizing the administrative steps to issue the formal Common Criteria lab letter, expected in early April. This largely administrative delay has no impact on the overall certification process or our expected timeline to receive first production revenues in late 2026. Validation Entropy Source Validation (ESV) The independent laboratory has completed its evaluation of the Random Number Generator, a foundational component of overall security, under the National Institute of Standards and Technology FIPS SP 800-90B framework. The assessment confirmed that the chip fully complies with the required specifications, and the evaluation report has been formally submitted to NIST for review. It is important to highlight that while SEALSQ controls the delivery of evaluation milestones, the final validation timelines remain in the hands of regulatory authorities. These processes are outside of SEALSQ’s control and take time. Common Criteria On the Common Criteria front, the hardware evaluation has also been completed by this accredited laboratory. This included a comprehensive review of the overall hardware security architecture, as well as the SHA-3 hardware design, which is foundational for our Post-Quantum cryptographic capabilities. Here again, the outcome was positive and aligned with the defined security targets. We have received written confirmation from the certification body that the most critical part of the Common Criteria evaluation required to achieve Evaluation Assurance Level (EAL) 5+, namely fault injection and side-channel attacks, confirming the QS7001’s resistance, passed in March as anticipated. The testing laboratory is now finalizing the administrative steps to issue the formal Common Criteria lab letter, expected in the coming days. The report will then be submitted later on to ANSSI, which is responsible for issuing the Common Criteria EAL5+ certification. It is important to note that this is a highly sought-after hardware and software certification level, achieved by only a limited number of players. Commercial Traction SEALSQ currently has more than ten prospective customers actively evaluating the QS7001. This includes Lattice Semiconductor, with whom we have already made a public announcement and demonstrated a proof-of-concept unified TPM-FPGA solution at the Embedded World 2026 conference. SEALSQ has taken important initial steps to establish its US market presence with the announcement of partnerships with Trusted Semiconductor Solutions (a Category 1A Trusted-accredited company serving U.S. defense and government agencies) and Lattice Semiconductor (a leading provider of secure, low-power FPGAs for edge computing), which validate both the relevance of our approach and the demand for hardware-based security and Post-Quantum capabilities in the US market. SEALSQ is also engaged in advanced discussions with leading semiconductor companies around next-generation secure microcontroller platforms. Evaluation kits for our QS7001 have been available since November 2025, and in our experience, it is standard industry practice for customers to begin development and testing well before certification is fully finalized. The typical customer engagement cycle begins with an evaluation phase, where R&D teams explore the QS7001 capabilities using our evaluation kits. A key focus is the transition from traditional cryptographic algorithms such as RSA and Elliptic Curve Cryptography toward Post-Quantum cryptography libraries embedded in our platform. This is typically followed by the development and validation phase, during which customers build their software stacks, integrate them into their target devices, and perform extensive testing, including functionality, performance, and quality assurance. The Final step is industrialization. At this stage, customers provide their validated software to SEALSQ, and SEALSQ then securely provisions customers at the wafer level through our trusted supply chain. From initial evaluation to industrial deployment, this entire cycle typically spans between 12 and 18 months. SEALSQ's certification milestones are directly supporting its customer engagement efforts. The positive evaluation results achieved to date are enabling customers to advance their projects, reinforcing SEALSQ’s leadership in Post-Quantum semiconductor security. SEALSQ Enters 2026 Well Positioned for Structural Growth and Commercial Acceleration SEALSQ has entered 2026 with clear commercial momentum. The Company remains focused on scaling production, accelerating Post-Quantum innovation, expanding global partnerships, and securing its role as a leader in the emerging quantum-security infrastructure market. Q1 2026 revenue is expected to exceed $4 million, representing a substantial increase of over 100% on Q1 2025 and signaling accelerated demand across our traditional product portfolios, as our pipeline continues to grow with opportunities. Specifically, the anticipated Q1 2026 growth reflects expected increased revenue from Vault-IC secure element technology as more connected objects require internet-secure connections, and the full-quarter consolidation of IC’ALPS. FY 2026 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. SEALSQ believes the strong Q1 2026 start reinforces confidence in its previously communicated FY 2026 guidance with revenue growth expected to grow between 50% and 100% year-over-year, which is supported by: A full-year consolidation of the revenue of IC’ALPS compared to five months in 2025. Continued growth in current range of secure semiconductor products as well as entry into the Trusted Platform Module (“TPM”) market. The commercialization of the QS7001 Post-Quantum and QVault TPM product range, with first revenues anticipated for the latter part of 2026. The launch of a custom Post-Quantum enabled chip development with contractualization expected in the second half of 2026, reflecting the ability to deliver tailor-made security integrated circuits (“ASICs”). The anticipated adoption of Post-Quantum Cryptography as a reaction to the threat of Quantum computing to traditional encryption methods. Growth in PKI subscription contracts as a result of multiple market trends including the growth in digital transactions, the increasing frequency and sophistication of cyberattacks, and the growing adoption of cloud-based models and remote working. Initial revenues expected to be generated from the Quantix Edge Security project and sovereign semiconductor initiatives. Expanding Commercial Pipeline SEALSQ’s active business pipeline now exceeds $200 million in potential revenue opportunities from 2026 through 2029, including $60 million linked to QS7001 and QVault TPM programs. This pipeline reflects: Rising global demand for Quantum-resistant security. Government-driven sovereign semiconductor programs. Increasing brand awareness and global market penetration of SEALSQ. These pipeline figures reflect management estimates and are subject to conversion risks, customer validation and technical integration. Strategic Investments and Vertical Integration During 2025, SEALSQ deployed approximately $30 million into strategic investments aimed at strengthening its vertical integration. These investments included: IC’ALPS — custom semiconductor design capabilities (ASIC design — Application Specific Integrated Circuit — and QASIC, the Quantum-Resistant ASIC). Quantix Edge Security — a Spanish semiconductor Design, Test and Personalization Center. WISeSat — Quantum-resistant enabled secure satellite communications for IoT applications. WeCan Group — KYC infrastructure within the financial sector. EeroQ — a Quantum chip design company pioneering a breakthrough approach to building a Quantum computer using electrons on helium (eHe). Smart Meter and PKI Expansion Drives Scalable, High-Margin Recurring Revenue SEALSQ continues to expand recurring revenue streams in its smart meter and Public Key Infrastructure (PKI) offerings, which are expected to contribute substantially to 2026 revenue growth, through new and expanded semiconductor or PKI contracts with leading industrial OEM partners like Landis & Gyr, and the growing deployment of lifecycle certificate-management solutions in the US, Asia, and Europe. Other Technological Milestones Quantum Shield QS7001, a next-generation secure chip that integrates NIST-standardized Post-Quantum Cryptography (PQC) algorithms directly at the hardware level, represents a foundational step in SEALSQ’s quantum-secure roadmap. In 2025, SEALSQ significantly strengthened its vertical Quantum platform strategy, expanding beyond its established hardware Root of Trust leadership toward full-stack quantum integration, from secure silicon to qubit generation, interconnected through a sovereign Quantum Highway. To accelerate this vision, SEALSQ initiated targeted investments across the Quantum value chain, including: Foundational Layer — Post-Quantum Silicon: SEALSQ reinforced its Post-Quantum semiconductor roadmap through investments to develop advanced cryptographic IP, next-generation secure chips, TPM architectures, and quantum-resistant chiplets and secure enclave. These investments aim to ensure long-term protection against emerging Quantum threats and to position SEALSQ as a leader in crypto-agile, Quantum-secure silicon. Computational Layer — Quantum Processing Ecosystems: SEALSQ began strategic participation in Quantum processor ecosystems via investments with strategic Quantum companies, including qubit hardware platforms and quantum-classical interface technologies. This generates exposure to qubit generation and secure orchestration layers, extending SEALSQ’s security architecture from device authentication to Quantum computing as a service. Together, these initiatives and investments advance SEALSQ’s objective of building a vertically integrated Quantum-secure ecosystem, securing identity at the silicon level, protecting communications in transit, and enabling trusted access to Quantum processing environments. This strategy aims at positioning SEALSQ as a key architect of next-generation digital trust infrastructure in the emerging Quantum era. Q1 2026 STRATEGIC AND CORPORATE MILESTONES Since January 1, 2026, SEALSQ has made significant progress across its technology, commercial, and corporate agenda. Capital Markets & Corporate February 23, 2026: Announced relocation of Geneva headquarters to the Pont-Rouge business district in August 2026, a modern low-carbon facility offering enhanced connectivity. March 16, 2026: Completed a $125.0 million Registered Direct Offering priced at-the-market under Nasdaq rules. Proceeds are intended to reinforce cash and accelerate Post-Quantum and Quantum commercialization in the United States and Europe. Quantum Ecosystem & Strategic Investments February 19, 2026: Made an additional strategic investment in EeroQ (US), a Quantum computer company pioneering electrons-on-helium (eHe) architecture, building on SEALSQ’s initial December 2025 investment. March 24, 2026: Signed a Letter of Intent to acquire 100% of Miraex, a Swiss developer of photonics-based Quantum interconnect solutions, via the SEALSQ Quantum Fund. The transaction is expected to close by end of June 2026, subject to customary conditions. March 25, 2026: Expanded the dedicated SEALSQ Quantum Fund to $200 million to build a sovereign, end-to-end Quantum stack spanning secure silicon, Quantum communications, and cloud Quantum infrastructure. Technology & Product March 6, 2026: Published a comprehensive 2026 Certification Roadmap for the QS7001 Secure Element and QVault TPM product lines, outlining FIPS and Common Criteria certification milestones. March 20, 2026: Announced deployment of Post-Quantum cryptography (PQC), including NIST-selected algorithms CRYSTALS-Kyber and CRYSTALS-Dilithium, across hardware, blockchain, digital transaction, and satellite IoT infrastructures, in collaboration with WeCan, WISeSat.Space, and WISeID.com. March 26, 2026: Announced readiness to support the Wi-SUN Alliance and its members with QS7001 Post-Quantum chips and INeS PKI services to build Quantum-resilient smart meter ecosystems, with participation in the Wi-SUN Open House 2026 in Tokyo on March 27, 2026. Strategic Partnerships February 18, 2026: Announced a collaboration with Lattice Semiconductors to deliver a unified TPM-FPGA architecture for Post-Quantum security, integrating SEALSQ’s QS7001 and QVault TPM technologies into select FPGA solutions, with a live proof-of-concept at the Embedded World 2026 conference, validating both the relevance of our approach and the demand for hardware-based security and Post-Quantum capabilities. February 27, 2026: Announced expanded Japanese market presence and key event participations in March 2026, aligned with Japan’s government mandate targeting Quantum security adoption by 2035. March 13, 2026: Expanded the strategic partnership with Parrot to integrate SEALSQ Post-Quantum cryptography (CRYSTALS-Kyber and CRYSTALS-Dilithium, FIPS-compliant, Common Criteria EAL5+) into Parrot’s next generation of secure professional drones, aligned with CNSA 2.0 migration timelines. March 18, 2026: Jointly announced with WISeSat the commercial Quantum Spatial Orbital Cloud (QSOC), a planned 100-satellite constellation providing Quantum key distribution (QKD), QRNG, and Post-Quantum identity services as a subscription cloud for banks, governments, and enterprises. Full operational capability is targeted for 2033. Events & Market Engagement February 4-6, 2026: Participated in Tech & Fest 2026, showcasing cutting-edge innovation and sharing its vision for technological sovereignty in the quantum era, including a demonstration of our PQC-powered robot. The event brought together global industry leaders to help shape an innovative future powered by SEALSQ solutions. March 2–5, 2026: Participated in the Embedded World 2026 conference, demonstrating the QS7001 and QVault TPM product lines to global industrial and IoT customers. March 12, 2026: Presented at the Cantor Quantum Security Event in New York, highlighting the urgency of Post-Quantum security migration for financial institutions and enterprises. March 27–29, 2026: Hosted select customers and partners at the Japanese Grand Prix in Suzuka, activating the Company’s partnership with the BWT Alpine Formula 1 Racing Team. FY 2025 STRATEGIC AND CORPORATE MILESTONES QS7001 The most consequential milestone of 2025 was the commercial launch of the Quantum Shield QS7001 in Q4. This is the world's first commercially available secure semiconductor embedding NIST-standardized Post-Quantum cryptography algorithms, ML-KEM and ML-DSA, in hardware. It delivers up to ten times higher performance than software-based implementations. SEALSQ unveiled the QS7001 at the IQT Quantum + AI Conference in New York in October and formally launched development kits at the Las Vegas Grand Prix in November. The pipeline for QS7001 and QVault TPM has already grown to over $60 million for 2026–2029, up from approximately $11.4 million at the same point last year. SEALSQ’s total active pipeline across all products stands at an estimated $200 million. These pipeline figures reflect management estimates and are subject to conversion risks, customer validation and technical integration. In March 2026, SEALSQ published a certification roadmap confirming all four product variants, QS7001 V1, QS7001 V2, QVault TPM-183, and QVault TPM-185, are on track for CC EAL5+, FIPS 140-3, and TCG certifications through Q4 2026. Acquisitions In August 2025, SEALSQ completed the acquisition of IC'ALPS SASU, a leading ASIC design specialist based in Grenoble and Toulouse (France). This added approximately 100 highly skilled engineers, bringing its global workforce to approximately 300. IC'ALPS brings expertise in custom chip design for healthcare, automotive, and IoT, and positions SEALSQ to develop the QASIC, a purpose-built Post-Quantum cryptography ASIC. ASIC revenues grew from $1.3 million in Q3 2025 to $2.3 million in Q4 2025, confirming the value of this acquisition. On March 27, 2026, IC’ALPS was officially listed as a partner by the South Korean CMOS foundry DB HiTek, with several ASIC designs already completed, including one automotive device certified to ISO 26262 ASIL-B. IC’ALPS is already recognized as a trusted partner to leading foundries, including TSMC, Intel Foundry, X-Fab, ams OSRAM, and GlobalFoundries. In addition, the growing pipeline of discussions around full-custom ASICs integrating advanced security solutions (across telecom, IoT, ID, smart card, and sovereign applications) is expected to play a significant role in advancing SEALSQ’s strategic objectives. Additionally, in March 2026, SEALSQ signed a Letter of Intent to acquire 100% of Miraex, a Swiss developer of photonics-based quantum interconnect solutions. Miraex represents a key strategic asset in completing the SEALSQ Quantum Vertical Stack. Its technology provides a critical interconnect layer linking Quantum computing, networking, and Post-Quantum cryptography into a unified architecture. Once completed, the acquisition is expected to accelerate the QSOC initiative and strengthen SEALSQ’s ability to deliver resilient, end-to-end Quantum-secure infrastructure across both terrestrial and space-based environments. Quantum Fund & Strategic Investments The SEALSQ Quantum Fund, launched in February 2025 with a $20 million initial allocation, has grown to $200 million as of today. The SEALSQ Quantum Fund is an internal strategic investment initiative of SEALSQ using a dedicated allocation of our cash with the goal of accelerating the development of a fully integrated Quantum Vertical Sovereign Stack, a comprehensive, end-to-end “Root-to-Qubit” ecosystem aimed at ensuring technological independence, cybersecurity resilience, and trust in the emerging quantum era. SEALSQ has to date deployed approximately $30 million across IC'Alps, ColibriTD, EeroQ, WISeSat, Quantix Edge Security, and the WeCan Group, each reinforcing its Quantum vertical from silicon to space. SEALSQ’s December 2025 investment in EeroQ, with a follow-on in February 2026, is particularly strategic. EeroQ is building Quantum processors based on single electrons on superfluid helium: a design approach that yields processors as small as a thumbnail, manufacturable on standard semiconductor processes. This underpins SEALSQ’s Made in USA vision and its long-term Root-to-Qubit ecosystem. The US government and enterprise market is increasingly moving toward Roots of Trust, PKI infrastructure, and cryptographic provisioning on US soil. In November 2025, SEALSQ launched a sovereign US-based Post-Quantum Root of Trust, the first of its kind. SEALSQ partners with Trusted Semiconductor Solutions (TSS) to deliver secure, Post-Quantum-ready semiconductor solutions for the US government and defense ecosystem, combining SEALSQ’s expertise in hardware-based security and Post-Quantum cryptography with TSS’s access to trusted US supply chains and government programs. EeroQ is the Quantum computing layer of this vision. Their electron-on-helium approach allows processors as small as a thumbnail, manufacturable on standard semiconductor processes, directly aligned with SEALSQ’s long-term goal of an end-to-end sovereign Quantum security stack from Post-Quantum chips today to quantum processors in the future. Quantum Highway & Global Expansion We advanced our Quantum Highway, linking industrial capabilities across Murcia, Toulouse, Provence, Grenoble, Geneva, and Chicago. In September 2025, SEALSQ signed a €40 million joint venture with the Spanish government to establish Quantix Edge Security in Murcia, Spain's first Post-Quantum semiconductor personalization center. SEALSQ is planning to establish two additional hubs in the US and Asia with further progress anticipated to be announced in 2026. In November 2025, SEALSQ launched a sovereign US-based Post-Quantum Root of Trust, enabling US government agencies to manage Quantum-secure digital identities entirely on US soil. In November 2025, SEALSQ invested $10 million in WISeSat to develop a Quantum-secure satellite infrastructure platform. The contemplated model is based on an anticipated Irrevocable Right of Use over twelve satellites. WISeSat would retain ownership and operations while SEALSQ would secure dedicated capacity for our Quantum Spatial Orbital Cloud initiative, delivering Quantum key distribution, quantum random number generation, and Post-Quantum identity services as a subscription offering to enterprises and governments. The WISeSat 3.0 launch in June 2025 included a proof of concept for SEALCOIN’s machine-to-machine transactions secured by our semiconductor stack and Quantum RootKey. Of note, SEALCOIN is a WISeKey subsidiary and focuses on decentralized physical internet with DePIN technology and houses the development of the SEALCOIN platform. While there can be no assurance the contemplated arrangement will be completed on currently anticipated terms, this represents a significant long-term opportunity as the world’s first Quantum-secure orbital cloud. Conference Call SEALSQ will host a conference call to discuss these results on Wednesday, April 1, at 9:00 am ET (3:00 pm CET). If you wish to join the conference call, please use the dial-in information below: Toll-Free Dial-In Number: 877-445-9755 International Dial-In Number: 201-493-6744 A simultaneous webcast of the call may be accessed online via the Investors section of SEALSQ’s website, https://www.sealsq.com/investors/events or click here. The archived call will also be available on the Investors section of SEALSQ's website, https://www.sealsq.com/investors/events. Filing of 2025 Annual Report on Form 20-F SEALSQ filed its Consolidated Financial Statements in the Form 20-F for the full year period ended December 31, 2025, with the U.S. Securities and Exchange Commission on March 31, 2026. The Form 20-F can be assessed by visiting SEALSQ’s website at www.sealsq.com. In addition, SEALSQ’s shareholders may receive a hard copy of the Form 20-F, which includes complete audited financial statements, free of charge, by contacting its Investor Relations Representative at [email protected] or +1 212 836-9611. ADDITIONAL AUDITED US GAAP FINANCIAL & OPERATIONAL DATA Consolidated Statements of Comprehensive Income/(Loss) [as reported] Consolidated Balance Sheets [as reported] About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com. Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this communication include, but are not limited to, statements regarding: anticipated Q1 2026 revenue; FY 2026 revenue guidance; our active business pipeline exceeding $200 million for 2026-2029, including over $60 million linked to QS7001 and QVault TPM programs; the expected timing and successful completion of Common Criteria EAL5+, FIPS 140-3, and TCG certifications for our QS7001 and QVault TPM product lines through Q4 2026; the anticipated commercialization of the QS7001 Post-Quantum and QVault TPM product range; the expected closing of the Miraex acquisition by end of June 2026; planned establishment of personalization hubs in the US and Asia in 2026; the development and launch of the Quantum Spatial Orbital Cloud (QSOC) satellite constellation; the expected relocation of our Geneva headquarters to the Pont-Rouge business district; the launch of a custom Post-Quantum enabled chip development with contractualization expected in the second half of 2026; expected growth in PKI subscription contracts; anticipated revenues from the Quantix Edge Security project and sovereign semiconductor initiatives; and our ability to establish SEALSQ as a cornerstone player in sovereign semiconductor and Quantum-security ecosystems worldwide. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include: our ability to convert our pipeline into actual sales, as pipeline figures reflect management estimates and are subject to conversion risks, customer validation, and technical integration; the global demand for Quantum-resistant infrastructure and timing of global adoption of Quantum-resistant security; continued growth in our current range of secure microcontroller and Vault-IC secure element products; delays or failures in obtaining QS7001 or QVault TPM certifications from NIST, ANSSI, or other regulatory authorities, as certification timelines remain in the hands of regulatory authorities and are outside SEALSQ’s control; longer-than-anticipated customer evaluation and industrialization cycles; our ability to successfully launch and commercialize additional Post-Quantum chips; our ability to grow PKI subscription contracts; risks associated with the integration of IC'ALPS and the pending Miraex acquisition; execution risks associated with the Quantix Edge Security joint venture and other sovereign semiconductor initiatives; uncertainties regarding the commercial viability and market acceptance of Post-Quantum cryptography products; risks associated with our strategic investments, including those in EeroQ, WISeSat, ColibriTD, WeCan Group, and other Quantum ecosystem companies; potential delays in establishing our planned US and Asia personalization hubs; risks related to the development and deployment of the QSOC satellite constellation; the expansion of government-driven sovereign semiconductor programs; whether there will be increased enterprise demand for hardware-rooted digital trust; SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Statements regarding our business pipeline are based on management's current estimates of potential revenue opportunities and do not represent backlog or contracted revenue. Pipeline conversion is subject to numerous factors including customer validation, technical integration requirements, certification timelines, and market conditions. There can be no assurance that pipeline opportunities will convert to actual sales or that such conversion will occur within anticipated timeframes. Statements regarding the expected timing of certifications, including Common Criteria EAL5+, FIPS 140-3, and TCG certifications, are subject to the review processes of regulatory authorities including NIST and ANSSI. While SEALSQ controls the delivery of evaluation milestones, final validation timelines remain in the hands of these regulatory authorities and may take longer than anticipated. Statements regarding the Miraex acquisition are subject to customary closing conditions, and there can be no assurance the transaction will close on currently anticipated terms or within the expected timeframe. Statements regarding WISeSat and the QSOC initiative reflect contemplated arrangements that may not be completed on currently anticipated terms. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC, including the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 31, 2026.
TranscriptFY2025 Q42026-04-01FY2025 Q4 earnings call transcript
Earnings source - 65 paragraphs
FY2025 Q4 earnings call transcript
Greetings, ladies and gentlemen, and welcome to the SEALSQ Fiscal Year 2025 Financial Results Earnings Conference Call. As a reminder, this conference call contains forward-looking statements. Such statements involve certain known and unknown risks, uncertainties and other factors which could cause actual results, financial condition, performance or achievements of SEALSQ to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. SEALSQ is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. These risks are also discussed in our filings made with the Securities and Exchange Commission. Please be advised, our fiscal year 2025 earnings release was issued on Tuesday, March 31st, 2026.
Our Form 10-K for the full-year ended December 31st, 2025, which was filed with the SEC on Tuesday, March 31st, 2026, can be found by visiting the investors section of SEALSQ website at https://investors.sealsq.com/. At this time, all participants are in listen-only mode. A brief question-answer-session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to introduce Carlos Moreira, Founder and Chief Executive Officer of SEALSQ. Mr. Moreira, please go ahead.
Thank you very much, Kevin, and good morning in the United States and good afternoon in Europe to everybody. Welcome to our full-year 2025 earnings call. I am joined today by our Chief Financial Officer, John O'Hara. I'll begin with an overview of our key highlights and major developments from the year. John will then walk you through the financial results in more detail. After that, I'll return to share our outlook for 2026 and beyond, and we'll conclude by opening the line for your questions. 2025 was a defining year for SEALSQ. It was a year where we stepped decisively into the role we had been building towards since our founding, that of the world leading platform for post-quantum secure semiconductor and trusted digital infrastructure.
Every investment, product launch and partnership this year advances one central thesis that the quantum threat to encryption is real, it is accelerating, and hardware-rooted post-quantum security is the only durable answer. Let me walk you through those accomplishments one by one. In October 2025, SEALSQ market valuation surpassed $1 billion, and we achieved an upgrade to the NASDAQ Global Select Market, its highest tier. This reflects our growing scale, institutional governance standards and investors' recognition and our positioning at the intersection of semiconductor, cybersecurity, and quantum resilience. Since November 2024, we have raised more than $530 million in capital, providing us with a substantial financial flexibility to accelerate our growth strategy and deepen our investment in innovation.
This funding strengthens our balance sheet and enable us to scale product development, expand our commercial reach, and support the industrialization of our next-generation secure semiconductor platform. It also positions us to advance key strategic initiatives, including post-quantum product development, certification programs, and potential partnerships or acquisitions that we can enhance our technology capabilities and market presence. I will provide more detailed color shortly on our use of capital and how we are allocating these resources to drive long-term value creation. I will start with our QS7001, the world's first post-quantum semiconductor. The most consequential milestone of 2025 was the commercial launch of the Quantum Shield QS7001 in Q4. This is the first commercial available secure semiconductor embedding NIST standardized post-quantum cryptography algorithms such as ML-KEM and ML-DSA directly in hardware, delivering up to 10x higher performance than PQC software implementation.
We unveiled the QS7001 at the IQT Quantum + AI conference in New York in October and formally launched development kits at Las Vegas Grand Prix in November. The pipeline on QS7001 and QVault TPM has already grown to over $60 million for 2026 to 2029, up from approximately $11.4 million at the same point last year. I will now discuss the SEALSQ Made in U.S. strategy and recent development. The U.S. government and enterprise market increasingly requires root of trust, PKI infrastructure and cryptographic provisioning on American soil, driven by national security imperative and regulatory mandates. In November 2025, we launched a sovereign U.S. post-quantum root of trust, the first of its kind, marking a foundational milestone in our Made in U.S. strategy.
This initiative ensures that the entire trust chain, from silicon design to cryptographic provisioning, can be executed within the United States under the highest level of certification and control. To operationalize this vision, we engage Trusted Semiconductor Solutions, TSS, as our U.S. manufacturing and distribution partner, and establishing a U.S.-based secure personalization hub in 2026, reinforcing supply chain sovereignty and resilience. These strategies further strengthen through key partnerships. Collaboration with Lattice Semiconductor enables the integration of low power FPGA technologies, supporting flexible, secure and post-quantum ready hardware architectures for defense, IoT and HAI applications. At the same time, engagement with Pyrodrone extends secure root of trust capability into autonomous and defense grade UAV system, where cyber resilience and trusted communications are mission-critical.
Trusted Semiconductor Solutions, TSS, a Category 1A trusted accredited company meeting the highest standard for handling classified and mission-critical microelectronics, has announced a strategic partnership to co-develop Made in U.S. PQC-enabled semiconductor, secure semiconductor solution. These solutions are designed to reach the highest level of hardware certification required by U.S. defense and government agencies. Leveraging TSS established relationship and trusted position within the U.S. defense ecosystem. This collaboration has strengthened SEALSQ footprint and accelerate access to sensitive national security market. TSS serves as a critical interface to U.S. agencies, ensures compliance with the Department of Defense, DoD, and federal requirements, while enabling the development of SEALSQ quantum-resistant silicon, quantum chip design, advanced certification and secure personalization technologies. EeroQ represents the quantum computer layer of this long-term vision.
Its electron-on-helium approach enables quantum processor as small as a thumbnail and compatible with the standard semiconductor manufacturing processes. This breakthrough aligns directly with the objectives of building an end-to-end sovereign quantum security stack, bringing today post-quantum cryptography chips with tomorrow quantum processors. The follow-on investment in February 2026 reflects the strong conviction in this trajectory and reinforces the strategic position and the intersection of semiconductor, cybersecurity and quantum computing. By combining U.S.-based manufacturing and personalization through TSS programmable secure hardware via Lattice Semiconductor, trusted autonomous system with Pyrodrone and future quantum capabilities enabled by EeroQ, we are establishing a vertical, integrated, sovereign and quantum resilient security ecosystem tailored to the most demanding requirements of U.S. defense, critical infrastructure and next-generation AI system.
Our total activity, our total active pipeline across all products currently stands to an estimated $200 million in March 2026. We published a certification roadmap confirming all the product variants, which are QS7001 V1, QS7001 V2, QVault TPM 183, and QVault TPM 185, which are on track for CC EAL5+ FIPS 140-3 and TCG certification through Q4 2026. While our customers are actively testing development kits and progressing through the design in progress, signaling a strong engagement and readiness for adaptation, we see that gating factor for conversion to revenue are twofolds.
First is the certification completion or CC EAL5+ and FIPS 140-3 milestones remain on track through Q4 2026, and customers in regulated sectors typically require the certifications before committing to volume purchases. As already mentioned, the laboratory has confirmed that the common criteria evaluation required to achieve evaluation assurance level EAL5+, namely fault injection and side channel attacks, passed its March certification as anticipated. Second, integration cycles in the semiconductor industry. The path from design into full production usually spans six to 18 months. We are actively accelerating this timeline through co-development partnerships and close collaboration with customers, shortening the time from prototyping to deployment. Critically, regulatory pressures such as the CNSA 2.0 in the United States and the European Union Cyber Resilience Act are creating tangible urgency.
These deadlines are not theoretical, they are influencing procurement decisions today, and we are seeing this urgency directly reflected in commercial conversations, driving faster design and a strong early adoption. This combination of mature pipeline, accelerating integration and regulatory-driven demand position us well for meaningful near-term revenue growth, while laying the foundation for continued expansion through 2028. Now moving to acquisitions. In 2025, we completed the acquisition of IC'Alps, a leading ASIC design specialist, company based in Grenoble and Toulouse in France. This added approximately a hundred highly skilled engineers, bringing our global workforce to approximately 300 people. IC'Alps bring expertise in custom chip design for healthcare, automotive, and IoT, and position us to develop the QASIC, which is the quantum ASIC, a purpose-built post-quantum cryptographic ASIC.
ASIC revenues also grew from $1.4 million in Q3 to $2.2 million in Q4, confirming the value of this acquisition. Additionally, last month, we signed a letter of intent to acquire 100% of Miraex, a Swiss developer of photonics-based quantum interconnect solution. Miraex represents a key strategic asset in completing our quantum vertical stack. Its technology provides a critical interconnect layer link, linking quantum computing networking and post-quantum cryptography into a unified architecture. Once completed, the acquisition is expected to accelerate our QSOC initiative and strengthen our ability to deliver resilient end-to-end quantum secure infrastructure across both terrestrial and space-based environments. Another key milestone in the establishment of our Quantum Fund and a strategic investment made through it. Our Quantum Fund launched in 2025 with a $20 million initial allocation, has grown now to $200 million as of today.
We deploy approximately $30 million across IC'Alps, ColibriTD, EeroQ, WISeSat, Quantix Edge Security, and the Wecan Group, each reinforcing our quantum vertical from silicon to space. On November 2025, investment in EeroQ deepened with a follow-on in February 2025, is particularly strategic. EeroQ is building a quantum processor based on single electron on superfluid helium, a design approach that yields processor as small as a thumbnail manufactured on a standard semiconductor process. This underlines our Made in U.S. vision and our long-term route to qubit ecosystem. The U.S. government and enterprise market increasingly require root of trust, PKI infrastructure, and cryptographic provision on American soil. In November 2025, we launched a sovereign U.S.-based post-quantum root of trust, the first of its kind.
We engaged Trusted Semiconductor Solutions as U.S. manufacturing and distribution partner, and we are building a U.S. personalization hub in 2026. EeroQ is the quantum computer layer of this vision. Their electron-on-helium approach allows processors as small as a thumbnail to be manufactured on standard semiconductor processes, directly aligned with a long-term goal of an end-to-end sovereign quantum security stack from post-quantum chips today to quantum processors in the future. The follow-on investment in February 2026 reflects our conviction in this direction. All these advances tie well with the Quantum Highway global expansion strategy. We advanced our Quantum Highway, linking industrial capabilities around several locations like Murcia, Toulouse, Grenoble, Geneva, and Chicago, connecting Spain, France, and the United States, and Switzerland.
In September 2025, we signed a EUR 40 million joint venture with the Spanish government to establish Quantix Edge Security in a city located in the southern part of Spain, Murcia, and Spain's first post-quantum semiconductor personalization center. We are establishing two additional hubs in the U.S. and in Asia during 2026. In November 2025, we launched a sovereign U.S.-based post-quantum root of trust, enabling U.S. government agencies to manage quantum-secure digital identities entirely in U.S. soil. In November 2025, SEALSQ invested $10 million in WISeSat to develop a quantum-secure satellite infrastructure platform. The contemplated model is based on an anticipated revocable right of use over 12 satellites.
WISeSat will retain ownership of the operation while SEALSQ will secure dedicated capacity for Quantum Spatial Orbital Cloud initiative, delivering quantum key distribution, quantum random number generation, and post-quantum identity services as a subscription offering to enterprises and governments. The WISeSat 3.0 launch in June 2025 already included a proof of concept for SEALCOIN machine-to-machine transaction secured by our semiconductor stack, while there can be no assurance that the contemplated arrangement will be completed on currently anticipated terms. We believe this represents a significant long-term opportunity as the world's first quantum-secure orbital cloud. I am now turning the call to John, who will discuss financial results for the year 2025. Go ahead, John.
Thank you, Carlos, and hello to everybody on the call. SEALSQ delivered total revenue of $18.3 million in fiscal year 2025, representing growth of 66% compared to $11 million in 2024. This was driven by two factors. First, a strong recovery in our core semiconductor segment, which grew to $14.7 million from $11 million in the prior year. Second, the addition of our new ASIC segment, which contributed $3.6 million following our acquisition of IC'Alps in August 2025, representing five months of consolidated revenue.
Within the semiconductor segment, we saw particular strength in our smart card reader SCR200 product line, which delivered 51% revenue growth year-on-year, driven by expanded deployments at key customers. Our secure element product lines, notably the VIC 405 and VIC 408, also saw significant demand growth in smart metering and secure communications applications. Trust services, which include our PKI and provisioning solutions, grew by almost 600% year-on-year, though from a small base and currently represent just 2% of total revenue. Geographically, North America remains our largest market at 57% of revenue. We are pleased to report strong momentum, in particular in Asia Pacific, where revenue grew 95% year-on-year, driven by adoption of the Matter protocol in smart home and HVAC applications.
We also recognized some small revenues relating to sampling of the QS7001 quantum-resistant chip as clients commenced their first testing of this product, and we expect first production revenues from the QS7001 in the second half of 2026. Gross profit improved substantially to $8.6 million in 2025, up from $3.7 million in the prior year, with gross margin expanding 13 percentage points to 47%. This was primarily driven by the addition of the ASIC segment, which carried significantly higher margins at 88%, reflecting the design service nature of that business with low directly attributable costs. Semiconductor segment gross margin partially recovered to 37%, up from 34% in 2024, as shipments of new products to our existing customer base resumed following a period where customers were drawing down their own inventory.
Total operating expenses were $48.4 million in 2025 compared to $20.9 million in 2024, an increase of 132%. However, I want to be clear about what is driving this increase as context matters significantly here. The single largest factor is a non-cash stock-based compensation charge of $11.2 million. Following the significant change in SEALSQ's market capitalization since our original listing, management made the deliberate decision, alongside the compensation committee, to issue equity awards to our staff and senior staff as recognition of their commitment and to align their interests with our shareholders. This is a one-time accounting charge with no cash in. Beyond that, the increase in operating expenses reflects three structural changes in our business. The consolidation of five months of IC'Alps operating expenses following the August acquisition.
The build-out of our own management team with C-suite and central functions that were previously provided by our parent, WISeKey, now directly employed by SEALSQ from January 2025. Continued investment in research and development, and sales and marketing to support our post-quantum product roadmap. Net of stock-based compensation, in particular, R&D expenditure was $10.1 million, representing 25% of our total operating expenses and reflecting the investment required to bring our QUASARS post-quantum product program to commercial launch. The net loss for the year was $34.2 million compared to $21.2 million in 2024, and a meaningful offset to our operating loss came from the non-operating income of $8.9 million, the majority of which, $6.1 million, was interest income earned on our substantial cash balance throughout the year. Turning to the balance sheet and liquidity.
We ended the year with cash and cash equivalents of $417.7 million, with short-term investments of $10 million on top of that, which was up from $84.6 million at the end of 2024. Working capital was positive at $421 million. This cash position is a result of highly successful equity capital markets activity throughout 2025, and in aggregate, since November 2024 until the current date, SEALSQ has raised over $575 million in cash for a series of registered direct offerings, warrant exercises, and our at-the-market facility. This puts us in a genuinely strong position to execute on our strategy in the years ahead, and Carlos will come back to that later in the call. Operating cash outflow for the year was $31.3 million, reflecting our continued investment phase.
Investing activities consumed $35.3 million, primarily comprising our acquisitions and strategic investments, including the acquisition of IC'Alps, our investments in EeroQ, WISeSat, the Wecan Group, and Quantix Edge Security in Spain. Total debt at the year end was a modest $1.7 million, all of which relates to French government-supported loans acquired with IC'Alps. The balance sheet is therefore essentially debt-free at the parent company level. Based on our cash projections through to March 2027, we have confirmed sufficient liquidity to fund operations, and the business is not dependent upon further capital raises for its immediate operational continuity. Moving on to our balance sheet. Total assets grew to over $500 million at the end of 2024, at the end of 2025, principally reflecting the increase in cash.
Non-current assets grew from $4.5 million to $54.5 million, which was driven by the IC'Alps acquisition, which added $5.7 million of goodwill and $21 million of intangible assets net of amortization, as well as our strategic investment portfolio. On the other hand, total liabilities were $42.7 million at the year end, and accumulated deficits at $76 million, up from $41.9 million the prior year, reflecting the net loss for the period. Looking to 2026, there are a number of important milestones we are targeting. On revenue, we expect fiscal 2026 to represent a year of acceleration. The ASIC segment will contribute a full 12 months of IC'Alps revenue for the first time. We anticipate the first production revenues from the QS7001 and the QVault TPM in the second half of 2026.
The estimated combined pipeline for these two products is at $60 million as of December 31st, 2025, and as of today, and that is across approximately 115 potential customers. Just for clarity, this is a management estimate and is subject to conversion risk, customer validation, timelines, and the certification process. R&D expenditure is expected to continue to increase in 2026. With a particular focus on our post-quantum cryptography roadmap and the build out of our test and personalization infrastructure in Spain and respectively in the United States and Asia. Finally, we expect to continue executing on our strategic investment program. The Quantum Fund has a total allocation of $200 million, of which we have spent just over $30 million to date. We will continue to evaluate opportunities in quantum computing, quantum-as-a-service and secure semiconductor technologies aligned with our roadmap.
We have $530 million in cash generating meaningful interest income, and we are investing from a position of strength. The path to profitability, we believe, runs through revenue scaling with a $200 million pipeline for 2026 to 2029. Revenue expected to grow by between 50% and 100% in 2026. Q1 expected to more than double year-over-year, and gross margins firmly trending upward. We are confident in that trajectory. Now I am turning the call back to Carlos, who'll provide additional details on our growth strategy. Carlos, please go ahead.
Thank you, John. Let me start with two milestones that we believe will define our 2026 product calendar. First is the full-scale commercial deployment of the QVault TPM or RISC-V-based semiconductor controller, which marks SEALSQ's formal entry into the trusted platform module market and is expected to drive significant new revenue in H2 2026, as indicated by John. Second, we anticipate a custom post-quantum ASIC engagement with contractualization in H2 2026, reflecting IC'Alps' contribution to the QASIC initiative. Furthermore, our $200 million pipeline, which spans from 2026 to 2029, and the near-term portion, particularly the QS7001 and QVault TPM program, is at the most advanced stage, with customers actively running development kits and moving through design-in processes.
This is a traditional practice in this industry where the testing kits are used and completed before further acquisition of the product. The key conversion factors are first certification completion or CC EAL5+ the FIPS 140-3 milestones are on track through Q4 2026, and regulated sector customers require this before committing to volume. Second, integration cycles in semiconductor design to production typically runs six to 18 months. We are actively compressing this through co-development partnerships. CNSA 2.0 and EU CRA deadlines are creating a genuine urgency we see directly in our commercial conversation. This to be completed with the announcement yesterday on Google of the acceleration of the Quantum Day and quantum threat on cryptography and cryptographic tokens, which will also create an urgency aspect in the market and the consumer application of this technology.
Let me now discuss regulatory tailwinds hard deadline set for 2026. The regulatory environment is no longer a distant tailwind. It's creating binding new terms demand that is actively shaping customer purchasing decision. By September 2026, the EU Cyber Resilience Act mandates security lifecycle documentation for all products with digital elements sold in the European Union. Non-compliant risks incur fines up to $50 million or 2.5% of the global turnover. This has driven urgency among manufacturers and OEMs to reassess the security architecture and ensure long-term compliance. In parallel, in the U.S., the NSA's CNSA 2.0 requires traditional networking equipment to prefer post-quantum algorithms by 2026. This effectively accelerates the replacement cycle for a wide range of infrastructure embedded system. Importantly, these are not long dated policy signals.
They are active enforceable deadlines. As a result, we are seeing a clear shift from evaluation to execution in customer engagements. Against this backdrop, SEALSQ's unique position. SEALSQ is one of the very few companies in the world with certified hardware native solution ready today. This give us a meaningful first move advantage as customers move quickly to secure compliance future-proof solutions. Now moving on the global infrastructure expansion. In 2026, we plan to commence the establishment of two additional custom design tech and personalization hubs, one in the United States and one in Asia, complementing the Murcia Spain Center and significantly expanding our global footprint. These hubs will not only enhance our operational resilience and proximity to key markets, but also will create a distributed sovereign ready infrastructure aligned with evolving geopolitical and cybersecurity requirements.
At the same time, we will accelerate the development of the Quantum Spatial Orbital Cloud, a strategic initiative that reflects a fundamental shift in how digital infrastructure must evolve in the quantum era. As a complement, only yesterday, we launched a new satellite, which is, a WISeSat 3U already with a post-quantum chip embedded, which is the beginning of this, infrastructure. The convergence of quantum technology in a space-based infrastructure is no longer optional. It's becoming essential. First, security at the quantum level requires a new infrastructure layer. Terrestrial networks are increasingly vulnerable in a post-quantum world. A space-based system enables quantum key distribution, QKD, and ultra-secure communications beyond the reach of conventional cyber attack, ensuring that data sovereignty is guaranteed and resilient for government and enterprises. Second, latency, coverage, and independence are critical.
A space-based quantum cloud allows computation, secure data exchange, and AI processing to occur close to the edge, anywhere on Earth, without reliance on fragmented terrestrial infrastructure. This is particularly important for critical sectors such as defense, finance, energy, and smart infrastructure. Third, data sovereignty and geopolitical fragmentation are reshaping the cloud landscape. Nations and regions increasingly require trusted, independent infrastructure. Orbital quantum cloud platforms provide a neutral, sovereign, and tamper-resistant layer, enabling countries and organizations to operate securely across borders without compromising control over the data. Fourth, scalability on quantum services depend on cloud delivery. Just as a classical cloud computing democratize access to computing power, quantum clouds will be the gateway to quantum capabilities. Integrating these services with satellite infrastructure ensures global accessibility, including in regions where terrestrial connectivity is limited or insecure. Finally, space enables true resilience.
Orbital infrastructure is inherently more robust against physical disruption, geopolitical conflicts, and centralized points of failure. For quantum companies, this resilience is not just a technical advantage, it is a strategic necessity. Let me now discuss the steps we have taken in building the quantum cloud economy. Through the Quantum Spatial Orbital Cloud, we are positioning ourselves as the intersection of quantum computing, cybersecurity, satellite infrastructure, and AI. This platform will support secure quantum communications, QKD, and post-quantum cryptography, distributed quantum computing access via cloud services and infrastructures, trusted AI processing in a space-based environment, and global IoT edge services authentication secured by quantum-resistant technology. In parallel, we will continue disciplined investment through the Quantum Fund, supporting innovation and accelerating the commercialization of quantum and post-quantum solutions across our ecosystem.
With that context, I will now turn to our recent capital raises, including March 2026 financing, and outline how we are deploying this capital, particularly in support of the U.S. Semiconductor Personalization Center. During March 2026, SEALSQ raised an additional $125 million, bringing our total cash position to approximately $530 million. This capital raise was undertaken with a clear and specific strategic rationale to fund the development of SEALSQ Semiconductor Personalization Center in the United States, which is a high capital-intensive activity. These centers provide localized, high-secure environment certified to common criteria such as EAL5+, and is specifically designed to customize, program, and inject cryptographic identities into semiconductors, transforming them into trusted post-quantum resilient devices compliant with the NSA's CNSA 2.0 framework. These are significant capital investments.
Each U.S. center requires approximately $100 million in company investment, reflecting the specialized infrastructure, security accreditation, and operational capabilities required to deliver this level of certification, EAL5+ grade cryptographic personalization at scale. SEALSQ is already developing a comparable center in Murcia, Spain, designed to serve the European market and align with the European Union legislation requirement. In addition, we are establishing a center in India in partnership with Kaynes Semicon that just yesterday inaugurated their OSAT, extending our personalization capability into one of the world's fastest-growing semiconductor markets. Once operational, these centers will serve a dual strategic purpose. First, we'll generate direct revenue from semiconductor personalization centers and cryptographic provision services, representing a meaningful and recurring contribution to SEALSQ's top line from countries that today we are not able to reach.
Second, and equally important, they will provide essential physical infrastructure to support the quantum vertical stack the company is developing. Our ultimate vision goes beyond security as a cost. We aim to transform security into a strategic value driver by enabling new services and business models, such as secure in-vehicle transaction, electricity exchange between vehicles and grid, authenticated drone delivery, autonomous robotic access control, et cetera. SEALSQ is strongly convinced of the convergence between post-quantum cryptography and quantum technologies. We will continue to build a broader quantum strategy, in particular around our collaboration with EeroQ for their partnership in quantum based on their leading semiconductor technologies are also under active discussion. This includes ASIC design, in particular the development of a unique Cryo-CMOS capability, as well as the integration of advanced security to support fully secure quantum computer system.
Through this approach, SEALSQ has positioned itself at the intersection of secure semiconductor, post-quantum cryptography, and quantum technology, with the ambition to become a key player in building the next generation of trusted digital infrastructure in the United States. This position, nobody currently in the market has it. I will now turn it back to the operator for QA section, and I thank you very much for your attention for the moment.
Thank you. We'll now be conducting a question-and-answer session. If you'd like to be placed into question queue, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. Once again, that's star one to be placed in the question queue. Our first question today is coming from Matthew Galinko from Maxim. Your line is now live.
Great. Well, thanks for taking my questions, and congratulations on the year. Maybe just firstly on the pipeline for the new quantum products. I think you might have mentioned you have 10 customers that are in kind of very active stages. I guess with regulations starting to have an impact with teeth maybe in late 2026, do you expect the number of customers you're engaging with to increase in 2026 over the course of the year? Exiting 2026, would we expect to have a significantly greater number of customer engagements on the quantum products?
Hi, Matt. Nice to talk to you again. Yeah, I mean, I think there are several factors that is gonna accelerate our sales in QS7001 post quantum, not only at the silicon level but also the software level. One of them, as I mentioned during the presentation, is the CNSA 2.0 and their equivalent regulatory frameworks. That basically is saying that companies, especially companies that they are dealing with technology that serves the purpose of a critical infrastructure, needs to be PQC compliant. And this is an important driver because that means that governments around the world are putting that level of urgency. The second one is that we are gradually getting the certifications, and they are required. This is a long process.
Sometimes people don't understand how long it takes for the laboratories to certify those products. And many companies, they have expressed, as you can see on the $200 million pipeline, they have expressed strong objectives to deploy, but obviously they want to deploy a certified product, especially the companies and organizations, and they're working with government defense and critical infrastructure, which is the second driver. I would say the third driver is the urgency created by the fact that there is now common consensus that the Q-Day is actually arriving faster than everybody thought. Remember last year, in January last year, we were still thinking that quantum computers will be only able to break RSA 3DES in 30 years time.
This was reduced to 10, and now Google announced yesterday that they are actually dividing that by 10. The urgency is actually very large. On sectors like the possibility of breaking Bitcoin, let's say then you break one wallet, imagine the consequences for the entire Bitcoin community if one of those wallets will be compromisable because they have a quantum attack. Now, quantum companies are also expanding faster their qubits generation. The company we have invested and the ones that we are in the process of investing, they are already able to generate between 10 qb and 100 qb, and some of them, they are predicting to be able to reach the 500 qb, which is what Google say that will actually be enough to break cryptocurrencies.
These factors are obviously accelerating the demand on the product in the market. We have a first player advantage here, which is obviously hard to replicate it, even for very large companies, that they don't necessarily have a PQC chip, are now approaching us and say, "Can we team with you?" Because one public information is Lattice Semiconductor, right? Then they will be teaming with us to be able to offer to their clients PQC chips. This obviously is a very big entry into the market because Lattice has thousands of customers, and they will accelerate the sales of those microchips.
I know that sometimes it looks like this is slow, but actually this is a totally different computational architecture. This is not just improving or patching cybersecurity issues. This is actually redesigning the entire infrastructure that requires time and to be sure then your product is to the level to solve that problem.
Thanks, Carlos. I guess my follow-up would be on the personalization centers. It sounds like you're moving forward in the U.S., you know, in 2026, but is it reasonable to expect that you'd be making those investments in 2026 and maybe generating revenue and, you know, sort of opening the centers in 2027? Or what's a reasonable timeframe to think about for the U.S. center and then the second one that you discussed?
You remember originally we had the idea to build a Personalization Center furnace crash from the beginning, and this is obviously a four to five years investment of time and resources that obviously is a real estate problem, right? You have to get the authorizations, the land, the building, the contractors. It is a tedious process, especially now with the huge demand on data center infrastructure, so it's hard to find the right people to build those infrastructures. This was the original old thinking, and we will build our own thing.
We move into a more, I would say, pragmatic and fast thinking, which is let's only team with somebody that has already a legacy infrastructure operational, that they are in the same sector than we are, and they would like to upgrade their existing infrastructure to become a PQC personalization semiconductor center, which is a bit the model we have actually also in Spain. That reduces the time to market by nearly three years. That takes only around six months to one year by the time you are operational. That obviously requires buying machines. It's a big investment, you know. This is the reason we raise money, is because this was not in our budget, right?
To develop a full personalization center within some existing infrastructure. We have several states, and they have approached us with incentives to do it in their state. We are now combining this intention to bring us to one of those states with a semiconductor company. They will be operational already in the state, and they will like to team with us to do that. We should be able to announce very soon, I guess, before the end of June. We should be able to announce where it's gonna be located. This obviously will have a huge you know potential for our deployment. That means then the chips will be personalized in the United States.
That means that we will be fully CNSA 2.0 compliant because there will be chips that will be verifiable in a localized place. People can see them, can test them, can be assured, and all the cryptographic keys has been located at the center itself. That will also. You know, we are still a Swiss French company, so many of our clients, they are saying, "Guys, come into the U.S. if you wanna be bigger and grow your revenue." Obviously that satisfy that requirement. We believe that by the end of this year, we should be able to have something very concrete in this area.
Thanks, Carlos. I'll jump back in the queue.
Thank you. Thank you very much.
Thank you. As a reminder, if you'd like to be placed in the question queue, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. One moment please, while we poll for further questions. Once again, that's star one to be placed in the question queue. We do have a follow-up from Matthew Galinko from Maxim. Your line is now live.
Well, thanks for having me back. Carlos, you mentioned some of the intense, you know, demand for land and power resources, you know, coming from the AI industry. I'm curious, with some of the influence that's had on the semiconductor industry, if that's having any impact on demand cycles from your customers or pricing or anything around margins that we might expect hit you in 2026.
You mean from the energy sector in particular?
Just broadly. You know, we've seen some things about memory prices being incredibly high, storage prices being high from high demand from AI data center builds. I'm just wondering if that ends up influencing kind of the end customer that you're selling into for your products, if that changes anything about their timelines or sourcing, pricing or anything that ends up impacting you.
We don't have that information. Obviously, there are different type of semiconductors, right? There is an interesting debate now that quantum computers will actually redesign a bit the current infrastructure because you need less data center space, you need less traditional compute capabilities, and at the end of the day, you need less chips from the memory companies, right? As quantum computers have a much powerful processing capability. What we believe is gonna happen is that those chips that we are selling, it sells basically first to companies that, like smart meters companies, then they want to secure smart meters because they are connecting smart meters to grids. And they are now in the process of learning how to tokenize the energy they process through their smart meters and also the energy then is revert back again to the grid.
This is where we launched SEALCOIN, which is a crypto token that basically allows this market to be exchangeable and transactional between devices. This is something that will have. The first client we announced partnerships with Landis+Gyr, which is already 40 million of Landis+Gyr meters are already equipped with the software component of it, and the future meters will increasingly be PQC compliant.
This is the industries which are booming now, and because the current situation with oil and everything related to that is forcing companies to diversify the energy sources. At least in Europe, this is becoming very big now. Our technology solves that problem because not only you secure the transaction, you authenticate the meter, you tokenize the energy collected by that meter, let's say from a solar panel, and you sell that energy to another meter in a peer-to-peer transactional process. This is an area we see big expansion for our capabilities.
All right. Thanks for that color. That's it for me. Congrats again, and thanks.
Thank you very much, Matt.
Thank you. As a reminder, everyone, if you'd like to be placed in the question queue, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. One moment please, while we pull for further question. We've reached the end of our question-and-answer session. I'd like to turn the floor back over for any further closing comments.
Thank you very much, everyone. SEALSQ sees this as an extraordinary inflection point. As I mentioned during our presentation, quantum computer is no longer a distant theoretical risk. Major technology companies, government, and institutions are converging on timelines that make the quantum threat to encryption near-term reality. Regulators have responded. NIST has standardized post-quantum algorithms. The NSA has issued CNSA 2.0 mandates, and the European Union Cyber Resilience Act is creating binding legal obligation. SEALSQ has the product, the certification in process, the pipeline, the partnerships, the capital, and the strategic vision to lead this transformation.
To our employees, I would like to thank them for their extraordinary commitment this year. To our partners, customers, and investors, thank you for your trust and continued support. We look forward to updating you throughout the year, and we wish you all a secure and prosperous year ahead. This concludes today the call. Thank you very much for your attention.
Thank you. That does conclude today's teleconference webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.
Investor releaseQuarter not tagged2026-03-19SEALSQ To Announce Full Year 2025 Audited Financial Results on March 31
GlobeNewswire
SEALSQ To Announce Full Year 2025 Audited Financial Results on March 31
Geneva, Switzerland, March 18, 2026 (GLOBE NEWSWIRE) -- Conference Call to be Held on April 1 at 9:00am ET 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, that it will release its audited financial results for the full year (“FY”) ended December 31, 2025, after the close of the market on Tuesday, March 31, 2026. The Company will host a conference call to discuss these results on Wednesday, April 1, 2026 at 9:00 am ET (3:00 pm CET). If you wish to join the conference call, please use the dial-in information below: Toll-Free Dial-In Number: 877-445-9755 International Dial-In Number: 201-493-6744 A simultaneous webcast of the call may be accessed online via the Investors section of the Company’s website, https://www.sealsq.com/investors/events or click here. The archived call will also be available on the Investors section of the Company's website, https://www.sealsq.com/investors/events. The Company confirms its previously announced FY 2025 unaudited key financial and operational metrics as well as reiterates previously announced FY 2026 revenue guidance: FY 2025 revenue of $18 million: represents a 66% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. FY 2026 revenue is expected to grow between 50% to 100% year-over-year. FY 2025 net loss of between $30 million – 40 million: an increase against the FY 2024 net loss of $21 million. $425 million in cash as of December 31, 2025: one of the strongest liquidity positions in its sector, even after deploying $30 million during the year. Over $200 million of active business pipeline as of December 31, 2025: represents potential revenue opportunities from 2026 through 2028. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering t…Read full documentShow less
Geneva, Switzerland, March 18, 2026 (GLOBE NEWSWIRE) -- Conference Call to be Held on April 1 at 9:00am ET 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, that it will release its audited financial results for the full year (“FY”) ended December 31, 2025, after the close of the market on Tuesday, March 31, 2026. The Company will host a conference call to discuss these results on Wednesday, April 1, 2026 at 9:00 am ET (3:00 pm CET). If you wish to join the conference call, please use the dial-in information below: Toll-Free Dial-In Number: 877-445-9755 International Dial-In Number: 201-493-6744 A simultaneous webcast of the call may be accessed online via the Investors section of the Company’s website, https://www.sealsq.com/investors/events or click here. The archived call will also be available on the Investors section of the Company's website, https://www.sealsq.com/investors/events. The Company confirms its previously announced FY 2025 unaudited key financial and operational metrics as well as reiterates previously announced FY 2026 revenue guidance: FY 2025 revenue of $18 million: represents a 66% increase year-over-year, of which $8 million was generated in Q4 2025, as compared to $4 million in Q4 2024. FY 2026 revenue is expected to grow between 50% to 100% year-over-year. FY 2025 net loss of between $30 million – 40 million: an increase against the FY 2024 net loss of $21 million. $425 million in cash as of December 31, 2025: one of the strongest liquidity positions in its sector, even after deploying $30 million during the year. Over $200 million of active business pipeline as of December 31, 2025: represents potential revenue opportunities from 2026 through 2028. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com. Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
Investor releaseQuarter not tagged2026-03-05WISeKey Reports FY 2025 Preliminary Financial Results
GlobeNewswire
WISeKey Reports FY 2025 Preliminary Financial Results
WISeKey Reports FY 2025 Preliminary Financial Results Subsidiary SEALSQ Delivers 66% Year-Over-Year Revenue Growth and Advances Global Quantum-Secure Semiconductor Ecosystem Geneva, Switzerland, March 5, 2026 – Ad hoc announcement pursuant to Art. 53 LR - WISeKey International Holding Ltd (“WISeKey” or “WISeKey Group”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today reported key operational and financial metrics for the fourth quarter (“Q4”) and full year (“FY”) ended December 31, 2025. These figures include preliminary results from its subsidiary, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products. WISeKey holds 52% of the voting rights in SEALSQ, enabling full consolidation of SEALSQ’s revenue, cash, pipeline, and balance sheet into WISeKey Group financial statements. All figures are preliminary and unaudited. WISeKey expects to publish its audited full-year financial statements on or before April 30, 2026. Key Financial Highlights * Reflects potential revenue opportunities with both current and potential new customers from 2026 through 2028, including more than $60 million linked to QS7001 and QVault TPM programs. FY 2025 revenue growth was driven by increased demand across core secure semiconductor and PKI product lines, five months of IC'ALPS contribution, and early commercial traction in post-quantum semiconductor programs. FY 2025 marked the final phase of transition from legacy platforms toward next-generation post-quantum semiconductor architectures, now entering a phase of commercial acceleration. Carlos Moreira, Founder & CEO, WISeKey and SEALSQ, noted, “The 58% revenue growth for WISeKey achieved in 2025 and the strong start into 2026 clearly demonstrate the transition of our semiconductor and post-quantum strategy from investment to commercial acceleration. With exceptional liquidity, a rapidly expanding pipeline, and rising global demand for sovereign, quantum-resistant infrastructure, WISeKey and SEALSQ are uniquely positioned to lead the next generation of secure digital ecosystems.” FY 2026 Outlook & Commercial Momentum WISeKey has now entered its commercial acceleration phase. Its year end pipeline of over $200 million in potential revenue opportunities from 2026 through 2028, inc…Read full documentShow less
WISeKey Reports FY 2025 Preliminary Financial Results Subsidiary SEALSQ Delivers 66% Year-Over-Year Revenue Growth and Advances Global Quantum-Secure Semiconductor Ecosystem Geneva, Switzerland, March 5, 2026 – Ad hoc announcement pursuant to Art. 53 LR - WISeKey International Holding Ltd (“WISeKey” or “WISeKey Group”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today reported key operational and financial metrics for the fourth quarter (“Q4”) and full year (“FY”) ended December 31, 2025. These figures include preliminary results from its subsidiary, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products. WISeKey holds 52% of the voting rights in SEALSQ, enabling full consolidation of SEALSQ’s revenue, cash, pipeline, and balance sheet into WISeKey Group financial statements. All figures are preliminary and unaudited. WISeKey expects to publish its audited full-year financial statements on or before April 30, 2026. Key Financial Highlights * Reflects potential revenue opportunities with both current and potential new customers from 2026 through 2028, including more than $60 million linked to QS7001 and QVault TPM programs. FY 2025 revenue growth was driven by increased demand across core secure semiconductor and PKI product lines, five months of IC'ALPS contribution, and early commercial traction in post-quantum semiconductor programs. FY 2025 marked the final phase of transition from legacy platforms toward next-generation post-quantum semiconductor architectures, now entering a phase of commercial acceleration. Carlos Moreira, Founder & CEO, WISeKey and SEALSQ, noted, “The 58% revenue growth for WISeKey achieved in 2025 and the strong start into 2026 clearly demonstrate the transition of our semiconductor and post-quantum strategy from investment to commercial acceleration. With exceptional liquidity, a rapidly expanding pipeline, and rising global demand for sovereign, quantum-resistant infrastructure, WISeKey and SEALSQ are uniquely positioned to lead the next generation of secure digital ecosystems.” FY 2026 Outlook & Commercial Momentum WISeKey has now entered its commercial acceleration phase. Its year end pipeline of over $200 million in potential revenue opportunities from 2026 through 2028, includes more than $60 million linked to QS7001 and QVault TPM programs, reflecting rising global demand for quantum-resistant security and sovereign semiconductor design solutions. Q1 2026 revenue is expected to exceed $4M, representing over 100% growth versus Q1 2025. WISeKey also confirms that it expects FY 2026 revenue growth of +50% to +100% year-over-year. Key growth drivers for 2026: Commercial rollout of QS7001 post-quantum secure chips and QVault TPM, with initial revenues expected in late 2026. Full-year consolidation of IC'ALPS revenues. Expansion into the Trusted Platform Module (TPM) market. Launch of custom post-quantum ASIC development programs. Increased global adoption of PQC driven by quantum computing threats and U.S. NSA CNSA 2.0 mandates. Continued growth in PKI subscription services. Initial revenues from Quantix Edge Security and sovereign semiconductor initiatives. Looking ahead to 2026, the upcoming production launch of our Quantum Shield QS7001™ and QVault™ TPM solutions signals the start of a clear growth phase for WISeKey. Backed by its European Personalization Centers and global leadership in post-quantum cryptography and space connectivity, WISeKey is strategically positioned at the forefront of the digital trust revolution. Its mission remains steadfast: to create a secure, connected, and quantum-resilient future. SEALSQ continues to reinforce WISeKey's long-term strategy to build a vertically integrated quantum-secure platform across two foundational layers: Foundational Layer — Post-Quantum Silicon: Development of advanced cryptographic IP, secure elements, TPM architectures, and quantum-resistant chiplets (QS7001, QVault™ TPM, QASIC™). Computational Layer — Quantum Ecosystems: Strategic participation in companies building quantum processors (EeroQ ) and quantum-classical interface technologies (ColibriTD), extending trust from silicon identity to secure quantum access. Together, these initiatives position WISeKey and SEALSQ as key architects of next-generation digital trust infrastructure in the emerging quantum era. WISeKey Ecosystem: SEALSQ Quantum Fund Portfolio & Ownership Via its 52% voting control of SEALSQ, WISeKey participates directly in the R&D and commercial development of each Quantum Fund portfolio company. The Quantum Fund, which was established in 2025 and operates under the SEALQUANTUM.com platform, grew from $20M (February 2025) to $35M (July 2025) to over $100M (December 2025), supported by the WISeKey Group’s strong cash position. Each investment is structured as an active R&D and technology co-development partnership, not merely financial capital deployment. The Quantum Fund is not a passive financial vehicle. Through each investment, WISeKey via SEALSQ, contributes its secure chip IP, OISTE Root of Trust, FIPS 140-3 certified manufacturing processes, and OSPT center expertise, while receiving access to quantum algorithms, hardware architectures, and application-layer technologies. The combined R&D output flows directly into SEALSQ's next-generation QS7001, QVault TPM and further post-quantum chip roadmap including custom designs of quantum resistant semiconductor architectures. As digital threats evolve and the quantum era approaches, WISeKey continues to innovate and expand its solutions, ensuring that organizations, governments, and individuals can operate with confidence in a rapidly changing technological landscape. We are confident that our strategic initiatives and technological advancements will drive sustainable growth and reinforce our leadership in the global cybersecurity and digital trust ecosystem. 2026: The Year of Convergence for WISeKey WISeKey has now entered its ‘Year of Convergence’ by bringing together four foundational pillars: semiconductors, satellites, blockchain, and digital identity, into unified and interoperable ecosystems. This convergence allows WISeKey to offer end-to-end solutions where each component reinforces the other, enabling exponential innovation and resilience. WISeKey is no longer operating separate businesses, but a single interconnected ecosystem. Operating as a technology holding company and innovation platform, WISeKey is leveraging a proven strategic model exemplified by SEALSQ, which successfully listed on NASDAQ in 2023. WISeKey continues to apply this disciplined approach across its portfolio of subsidiaries, fostering innovation, structured growth, and long-term value creation for shareholders. Each entity within the WISeKey ecosystem follows a structured pathway from incubation and technological validation to commercialization, scaling, and ultimately potential public listing. This model enables WISeKey to unlock intrinsic value, attract strategic investors, and maximize returns while building a resilient and diversified global technology group spanning cybersecurity, semiconductors, space infrastructure, blockchain, AI, compliance, digital identity, and tokenization. SEALSQ develops post-quantum secure chips such as QS7001™ and QVault™ TPM, designed to generate both hardware revenue and recurring income through Outsourced Semiconductor Personalization and Test (OSPT) centers. WISeSat is expanding satellite constellation. Its 20th satellite was launched in November 2025, and it is planning its 21st launch for the end of March from California with SpaceX. Furthermore, its upcoming merger with a SPAC is expected to be completed in the first half of 2026, aims to accelerate the commercialization of our satellite-based cybersecurity and IoT ecosystem and enabling WISeSat to emerge as a new, independent publicly listed space-tech company on Nasdaq. WISeSat’s satellite constellation is purpose-built to deliver trusted IoT connectivity from space, secured by SEALSQ post-quantum cryptographic chips and anchored in the WISeKey Root of Trust. Simultaneously, SEALCOIN.AI is building the transactional layer that enables autonomous, chip-level machine-to-machine (M2M) transactions within the IoT economy. The introduction of SEALCOIN.AI further strengthens this architecture by securing AI agents and decentralized AI infrastructures with post-quantum cryptography, verifiable execution, and trusted identity. SEALCOIN.AI provides a quantum-resilient transaction and execution layer for autonomous AI systems, confidential inference, and machine-driven economic activity. Complementing this ecosystem, WISeID provides the global PKI infrastructure securing digital identities, devices, and transactions. It supports Matter Protocol certification for smart home devices, GSMA eUICC digital identity services, enterprise authentication, and sovereign digital identity frameworks. WISe.Art continues expanding secure tokenization and digital asset authentication, combining blockchain with hardware root-of-trust technologies to protect NFTs and high-value assets. WeCan strengthens the governance layer of the ecosystem through secure compliance workflows and KYC frameworks, while WISe.Social advances trusted, identity-verified digital communities aligned with WISeKey’s HUMAN-AI-T vision for responsible AI governance. Several Strategic Initiatives Are Amplifying This Trajectory WISeKey is advancing its “Quantum Made in USA” strategy as U.S. mandates for quantum-resistant cryptography intensify. SEALSQ has made two investments in EeroQ, a U.S. quantum chip company developing electron-on-helium (eHe) architecture. Under the NSA’s CNSA 2.0 policy, all new National Security Systems must be quantum-resistant by Jan. 1, 2027. The OMB’s Memorandum M-23-02 also requires agencies to identify and upgrade quantum-vulnerable systems. NIST finalized its first Post-Quantum Cryptography standards in 2024 - FIPS 203 (ML-KEM), FIPS 204 (ML-DSA), and FIPS 205 (SLH-DSA), laying the groundwork for secure next-gen infrastructure. Through SEALSQ, WISeKey is expanding its Quantum Highway™ initiative across India, U.S. and Europe, strengthening sovereign semiconductor ecosystems and regional PQC infrastructure. These initiatives support governments and enterprises in advancing quantum-secure communications, digital identity systems, and local chip design capabilities, reinforcing WISeKey’s role in building a globally integrated quantum-resilient infrastructure. SEALSQ’s Quantum Shield QS7001™ and QVault™ TPM portfolio targets mission-critical sectors including defense, satellites, IoT, automotive, V2X, and smart cities. With certifications such as FIPS 140-3 and Common Criteria EAL5+, integration of NIST-standardized algorithms including ML-DSA-87 (Dilithium) and ML-KEM-1024 (Kyber), and a customizable RISC-V platform enabling quantum-resistant ASIC development, SEALSQ is positioned as a key enabler of next-generation cybersecurity. The Quantix Edge Security initiative in Spain supports European semiconductor sovereignty. Collaboration with the Swiss Army demonstrates the operational integration of WISeSat, SEALSQ, and SEALCOIN technologies into secure sovereign communication frameworks. In parallel, WISeKey’s HUMAN-AI-T initiative launched with the United Nations positions the Company at the forefront of global AI governance, reinforcing leadership at the intersection of AI, cybersecurity, sovereignty, and trust. By converging semiconductors, satellites, blockchain, AI, digital identity, and compliance into a single architecture of trust, WISeKey is building not only technology platforms but the infrastructure for a secure and quantum-resilient digital economy, delivering sustainable growth and long-term value for shareholders. WISeKey monetizes its technology through a layered economic model: secure hardware forms the foundation, followed by identity and personalization services, satellite connectivity enabling global secure communications, and blockchain providing transactional infrastructure, . On top of this, compliance and digital asset platforms deliver governance and marketplace functionality. Together, these layers create multiple revenue streams per deployed device or user, generating compounding recurring income and positioning WISeKey to participate structurally in the emerging quantum-secure digital economy. About WISeKey WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform. Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com. Disclaimer This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey. Press and Investor Contacts
Investor releaseQuarter not tagged2026-02-23WISeKey, SEALSQ to Relocate Geneva Headquarters in August
MT Newswires
WISeKey, SEALSQ to Relocate Geneva Headquarters in August
WISeKey International Holding (WKEY) and unit SEALSQ (LAES) said Monday they are relocating their Ge
Investor releaseQuarter not tagged2026-02-23WISeKey to Relocate Its Geneva Headquarters to Pont-Rouge in August 2026
GlobeNewswire
WISeKey to Relocate Its Geneva Headquarters to Pont-Rouge in August 2026
WISeKey to Relocate Its Geneva Headquarters to Pont-Rouge in August 2026 Launch of the Geneva Quantum Center of Excellence Geneva, Switzerland, February 23, 2026 -- WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company today announced the relocation of its Geneva headquarters to Pont-Rouge in August 2026, reflecting the group’s rapid expansion and its ambition to lead the next era of trusted digital and quantum technologies. Located in Lancy, Pont-Rouge is one of Switzerland’s most advanced and sustainable business districts, completed in 2023 and conceived as a next-generation urban and innovation hub. Centered around the Lancy-Pont-Rouge station, just six minutes from Geneva’s main station, it offers exceptional connectivity, low-carbon infrastructure, and a vibrant ecosystem of international companies, research actors, and innovation spaces. Spanning more than 100,000 m², Pont-Rouge combines premium office facilities, co-working environments, restaurants, housing, and iconic buildings such as the 15-storey Alto tower. The district already hosts leading firms including EY and KPMG, alongside innovation-driven workspaces such as Westhive. The Geneva Quantum Center of Excellence The new headquarters will host the Geneva Quantum Center of Excellence, a flagship initiative designed to position Geneva as a global reference for applied, secure, and industrially deployable quantum technologies. The Center will act as a deep-tech convergence platform, integrating quantum computing, post-quantum cybersecurity, secure semiconductors, space technologies, robotics, and AI into a unified, demonstrable ecosystem. CORE COMPONENTS SEALSQ Quantum Computer Hub The Quantum Computer Hub, operated by WISeKey’s subsidiary, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, will focus on practical quantum architectures, emphasizing: Quantum-secure hardware roots of trust. Co-design of qubits, control electronics, firmware, and cryptographic stacks. Hybrid quantum / classical computing models optimized for real-world industrial use. Secure interfaces between quantum processors and embedded systems. Rather than pursuing purely academic experimentation, the hub is designed to industrializ…Read full documentShow less
WISeKey to Relocate Its Geneva Headquarters to Pont-Rouge in August 2026 Launch of the Geneva Quantum Center of Excellence Geneva, Switzerland, February 23, 2026 -- WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company today announced the relocation of its Geneva headquarters to Pont-Rouge in August 2026, reflecting the group’s rapid expansion and its ambition to lead the next era of trusted digital and quantum technologies. Located in Lancy, Pont-Rouge is one of Switzerland’s most advanced and sustainable business districts, completed in 2023 and conceived as a next-generation urban and innovation hub. Centered around the Lancy-Pont-Rouge station, just six minutes from Geneva’s main station, it offers exceptional connectivity, low-carbon infrastructure, and a vibrant ecosystem of international companies, research actors, and innovation spaces. Spanning more than 100,000 m², Pont-Rouge combines premium office facilities, co-working environments, restaurants, housing, and iconic buildings such as the 15-storey Alto tower. The district already hosts leading firms including EY and KPMG, alongside innovation-driven workspaces such as Westhive. The Geneva Quantum Center of Excellence The new headquarters will host the Geneva Quantum Center of Excellence, a flagship initiative designed to position Geneva as a global reference for applied, secure, and industrially deployable quantum technologies. The Center will act as a deep-tech convergence platform, integrating quantum computing, post-quantum cybersecurity, secure semiconductors, space technologies, robotics, and AI into a unified, demonstrable ecosystem. CORE COMPONENTS SEALSQ Quantum Computer Hub The Quantum Computer Hub, operated by WISeKey’s subsidiary, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, will focus on practical quantum architectures, emphasizing: Quantum-secure hardware roots of trust. Co-design of qubits, control electronics, firmware, and cryptographic stacks. Hybrid quantum / classical computing models optimized for real-world industrial use. Secure interfaces between quantum processors and embedded systems. Rather than pursuing purely academic experimentation, the hub is designed to industrialize quantum, enabling secure integration into critical infrastructures, defense, space, healthcare, mobility, energy, and financial systems. Full Demonstration of Group Technologies The Center will feature a live, end-to-end demonstration environment showcasing how the group’s technologies interoperate across domains: Post-quantum secure semiconductors and secure elements. Digital identity and PKI infrastructures. Secure IoT and edge devices. WISeRobot autonomous and secure robotic systems. WISeSat space-based cybersecurity, satellite identity, and secure communications. Blockchain-anchored trust services and decentralized authentication. This environment will allow governments, industrial partners, investors, and academic institutions to experience a complete secure digital and quantum value chain in operation. The SEALSQ Quantum Fund: Building a Root-to-Quantum Vertical Stack At the heart of the Geneva Quantum Center of Excellence lies the SEALSQ Quantum Investment Fund, SEALQUANTUM.com, an investment platform of over USD 100 million dedicated to building a root-to-quantum vertical stack, whilst accelerating the deployment of sovereign, scalable and secure quantum technologies in the United States and in Europe. The fund’s strategy covers the entire quantum value chain: Quantum materials and device physics. Qubit technologies and control layers. Secure semiconductor design and manufacturing. Post-quantum cryptographic algorithms and hardware acceleration. Embedded systems, firmware, and secure operating environments. System-level integration into IoT, satellites, robotics, and critical infrastructures. The objective is to eliminate fragmentation between research, hardware, and deployment, creating sovereign, trusted, and certifiable quantum solutions that can be adopted at scale. A Strategic Commitment to Geneva, Europe, and Technological Sovereignty The relocation to Pont-Rouge and the creation of the Geneva Quantum Center of Excellence underline SEALSQ and WISeKey’s long-term commitment to: European technological sovereignty in cybersecurity, semiconductors, and quantum computing Post-quantum readiness for governments and critical industries Sustainable and responsible innovation, aligned with Geneva’s international role Human-centric technology, where security, trust, and ethics are foundational by design By anchoring their future headquarters at Pont-Rouge, SEALSQ and WISeKey are not merely changing location, they are establishing a global reference platform for trusted digital and quantum infrastructures, designed in Europe and deployed worldwide. About WISeKey WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform. Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com. Disclaimer This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey. Press and Investor Contacts
Investor releaseQuarter not tagged2026-02-23SEALSQ and WISeKey to Relocate Geneva Headquarters to Pont-Rouge in August 2026
GlobeNewswire
SEALSQ and WISeKey to Relocate Geneva Headquarters to Pont-Rouge in August 2026
Geneva, Switzerland, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Launch of the Geneva Quantum Center of Excellence 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, and its parent, WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company today announced the relocation of their Geneva headquarters to Pont-Rouge in August 2026, reflecting the group’s rapid expansion and its ambition to lead the next era of trusted digital and quantum technologies. Located in Lancy, Pont-Rouge is one of Switzerland’s most advanced and sustainable business districts, completed in 2023 and conceived as a next-generation urban and innovation hub. Centered around the Lancy-Pont-Rouge station, just six minutes from Geneva’s main station, it offers exceptional connectivity, low-carbon infrastructure, and a vibrant ecosystem of international companies, research actors, and innovation spaces. Spanning more than 100,000 m², Pont-Rouge combines premium office facilities, co-working environments, restaurants, housing, and iconic buildings such as the 15-storey Alto tower. The district already hosts leading firms including EY and KPMG, alongside innovation-driven workspaces such as Westhive. The Geneva Quantum Center of Excellence The new headquarters will host the Geneva Quantum Center of Excellence, a flagship initiative designed to position Geneva as a global reference for applied, secure, and industrially deployable quantum technologies. The Center will act as a deep-tech convergence platform, integrating quantum computing, post-quantum cybersecurity, secure semiconductors, space technologies, robotics, and AI into a unified, demonstrable ecosystem. CORE COMPONENTS SEALSQ Quantum Computer Hub The Quantum Computer Hub will focus on practical quantum architectures, emphasizing: Quantum-secure hardware roots of trust. Co-design of qubits, control electronics, firmware, and cryptographic stacks. Hybrid quantum / classical computing models optimized for real-world industrial use. Secure interfaces between quantum processors and embedded systems. Rather than pursuing purely academic experimentation, the hub is designed to industrialize quantum, enabling secure integration into critical infrastruct…Read full documentShow less
Geneva, Switzerland, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Launch of the Geneva Quantum Center of Excellence 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, and its parent, WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company today announced the relocation of their Geneva headquarters to Pont-Rouge in August 2026, reflecting the group’s rapid expansion and its ambition to lead the next era of trusted digital and quantum technologies. Located in Lancy, Pont-Rouge is one of Switzerland’s most advanced and sustainable business districts, completed in 2023 and conceived as a next-generation urban and innovation hub. Centered around the Lancy-Pont-Rouge station, just six minutes from Geneva’s main station, it offers exceptional connectivity, low-carbon infrastructure, and a vibrant ecosystem of international companies, research actors, and innovation spaces. Spanning more than 100,000 m², Pont-Rouge combines premium office facilities, co-working environments, restaurants, housing, and iconic buildings such as the 15-storey Alto tower. The district already hosts leading firms including EY and KPMG, alongside innovation-driven workspaces such as Westhive. The Geneva Quantum Center of Excellence The new headquarters will host the Geneva Quantum Center of Excellence, a flagship initiative designed to position Geneva as a global reference for applied, secure, and industrially deployable quantum technologies. The Center will act as a deep-tech convergence platform, integrating quantum computing, post-quantum cybersecurity, secure semiconductors, space technologies, robotics, and AI into a unified, demonstrable ecosystem. CORE COMPONENTS SEALSQ Quantum Computer Hub The Quantum Computer Hub will focus on practical quantum architectures, emphasizing: Quantum-secure hardware roots of trust. Co-design of qubits, control electronics, firmware, and cryptographic stacks. Hybrid quantum / classical computing models optimized for real-world industrial use. Secure interfaces between quantum processors and embedded systems. Rather than pursuing purely academic experimentation, the hub is designed to industrialize quantum, enabling secure integration into critical infrastructures, defense, space, healthcare, mobility, energy, and financial systems. Full Demonstration of Group Technologies The Center will feature a live, end-to-end demonstration environment showcasing how the group’s technologies interoperate across domains: Post-quantum secure semiconductors and secure elements. Digital identity and PKI infrastructures. Secure IoT and edge devices. WISeRobot autonomous and secure robotic systems. WISeSat space-based cybersecurity, satellite identity, and secure communications. Blockchain-anchored trust services and decentralized authentication. This environment will allow governments, industrial partners, investors, and academic institutions to experience a complete secure digital and quantum value chain in operation. The SEALSQ Quantum Fund: Building a Root-to-Quantum Vertical Stack At the heart of the Geneva Quantum Center of Excellence lies the SEALSQ Quantum Investment Fund, SEALQUANTUM.com, an investment platform of over USD 100 million dedicated to building a root-to-quantum vertical stack, whilst accelerating the deployment of sovereign, scalable and secure quantum technologies in the United States and in Europe. The fund’s strategy covers the entire quantum value chain: Quantum materials and device physics. Qubit technologies and control layers. Secure semiconductor design and manufacturing. Post-quantum cryptographic algorithms and hardware acceleration. Embedded systems, firmware, and secure operating environments. System-level integration into IoT, satellites, robotics, and critical infrastructures. The objective is to eliminate fragmentation between research, hardware, and deployment, creating sovereign, trusted, and certifiable quantum solutions that can be adopted at scale. A Strategic Commitment to Geneva, Europe, and Technological Sovereignty The relocation to Pont-Rouge and the creation of the Geneva Quantum Center of Excellence underline SEALSQ and WISeKey’s long-term commitment to: European technological sovereignty in cybersecurity, semiconductors, and quantum computing Post-quantum readiness for governments and critical industries Sustainable and responsible innovation, aligned with Geneva’s international role Human-centric technology, where security, trust, and ethics are foundational by design By anchoring their future headquarters at Pont-Rouge, SEALSQ and WISeKey are not merely changing location, they are establishing a global reference platform for trusted digital and quantum infrastructures, designed in Europe and deployed worldwide. About SEALSQ: SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com. Forward-Looking Statements This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC. SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

