Geneva, Switzerland, April 08, 2026 (GLOBE NEWSWIRE) —
Reaffirms FY 2026 Revenue Guidance, Projecting Year-Over-Year Growth of 50% to 100%, Underscoring Continued Business Momentum
SEALSQ Corp. (NASDAQ:LAES), (“SEALSQ” or “Company”), a leading developer of post-quantum semiconductors and cybersecurity solutions, today announces key financial and operational metrics for Q1 2026 and reaffirms its full-year 2026 financial guidance. All Q1 2026 numbers reported are preliminary and unaudited.
SEALSQ ended Q1 2026 with clear commercial momentum, marked by scaled production, accelerated advancements in Post-Quantum innovation, expanding global partnerships, and solidified position as a leader in the emerging quantum-security infrastructure market.
Q1 2026 Key Financial and Operational Highlights
Q1 2026 revenue of approximately $4.1 million, represents a substantial increase of over 200% compared to its Q1 2025 revenue of $1.3 million. This acceleration reflects growing demand across SEALSQ’s traditional product portfolios and a continued expansion of the Company’s pipeline.
Key drivers of Q1 2026 growth include:
- Increased revenue from Vault-IC secure element technology, driven by demand from connected objects requiring internet-secure connections.
- The full-quarter consolidation of IC’ALPS revenues, with the acquisition having been completed on August 4, 2025 and revenues consolidated from that date.
- Continued traction in smart meter and PKI recurring revenue streams, supported by partnerships with leading industrial OEM partners including Landis & Gyr.
Balance Sheet & Liquidity
As of March 31, 2026, SEALSQ maintained strong cash and short-term investments of over $525 million, well positioning the Company to execute on its growth strategy and strategic investment program.
This liquidity position reflects:
- Completion of a $125.0 million Registered Direct Offering on March 16, 2026, priced at-the-market under Nasdaq rules, with proceeds earmarked to accelerate Post-Quantum and Quantum commercialization in the United States and Europe.
- Disciplined capital deployment of approximately $30 million into strategic investments in FY 2025, spanning IC’ALPS, ColibriTD, EeroQ, WISeSat, Quantix Edge Security, and the WeCan Group with further investment opportunities currently being evaluated and planned for completion in FY 2026.
- Expansion of the SEALSQ Quantum Fund to $200 million, underpinning the Company’s long-term Root-to-Qubit ecosystem strategy.
FY 2026 Guidance Reaffirmed
SEALSQ reaffirms its previously communicated FY 2026 guidance, with revenue expected to grow between 50% and 100% year-over-year. The Company’s strong Q1 2026 start reinforces confidence in this outlook.
The FY 2026 guidance is underpinned by the following drivers:
- Full-year consolidation of IC’ALPS revenues, compared to five months of contribution in FY 2025.
- Continued growth in the existing range of secure semiconductor products, and entry into the Trusted Platform Module (TPM) market.
- Commercialization of the QS7001 and QVault TPM Post-Quantum products, with first revenues anticipated for the latter part of 2026.
- Expected launch of a custom Post-Quantum enabled chip development (ASIC) with contractualization expected in the second half of 2026.
- Growing adoption of Post-Quantum Cryptography in response to the quantum threat to traditional encryption methods.
- Current and expected growth in PKI subscription contracts driven by increased digital. transactions, escalating cyberattack sophistication, shift to cloud-based models, and ultimately enforcement of digital security regulations like the CRA.
- Anticipated initial revenues from the Quantix Edge Security project and sovereign semiconductor initiatives.
- Rising global demand for quantum-resistant security, supported by regulation like CNSA 2.0 and government-driven sovereign semiconductor programs.
Increasing brand awareness and global market penetration of SEALSQ across key verticals supported by high impact visibility activities (including partnerships with BWT Alpine Formula One Team and CNBC)
Active Business Pipeline
SEALSQ’s active business pipeline exceeds $200 million in potential revenue opportunities spanning 2026 through 2029, of which $60 million is directly linked to the QS7001 Post-Quantum secure element and QVault TPM programs.
Pipeline contributors span the following business lines:
| Business Line | Description |
| QS7001 & QVault TPM | Next-generation Post-Quantum secure elements and TPM product lines; $60M+ of pipeline linked to these programs for 2026–2029. |
| IC’ALPS (ASIC Design) | Custom semiconductor design for healthcare, automotive, IoT, and sovereign applications, including QASIC development. |
| Quantix Edge Security | Spanish semiconductor Design, Test and Personalization Center; initial revenues expected in 2026. |
| Smart Meter & PKI | Recurring revenue from certificate lifecycle management and secure semiconductor contracts with industrial OEM partners. |
| WeCan Group | KYC infrastructure for the financial sector; integrated with SEALSQ’s Post-Quantum cryptography stack. |
These pipeline figures reflect management estimates and are subject to conversion risks, customer validation, and technical integration.
QUANTUM SHIELD QS7001
Accreditation Process
SEALSQ reaffirmed that the QS7001 certification process is progressing substantially in line with the timeline previously communicated. The Company has received the formal written confirmation from SERMA, the independent evaluator, that the most critical part of the Common Criteria evaluation required to achieve Evaluation Assurance Level (EAL) 5+, namely fault injection and side-channel attack testing, confirming the QS7001’s resistance, passed in …