Also at $LAES (-3,9 %) is sold first.
GENEVA - SEALSQ Corp (NASDAQ:LAES), a company specializing in semiconductors and post-quantum security, announced on Tuesday that it expects sales of over USD 4 million for the first quarter of 2026. This represents growth of more than 100% compared to the same period last year. This growth forecast is in line with data from InvestingPro, which shows that analysts are forecasting continued revenue growth for the company this year.
The company released preliminary, unaudited financial results showing full-year revenue of $18 million in 2025, an increase of 66% year-over-year. Of this, USD 8 million was generated in the fourth quarter. SEALSQ reiterated its forecast for revenue growth in 2026 of 50% to 100% compared to 2025.
SEALSQ ended 2025 with cash and cash equivalents of over USD 425 million, even after strategic investments of USD 30 million in WeCan Group, IC'ALPS, Quantix Edge and WISeSat.Space. The company's net loss for 2025 is estimated at USD 30 to 40 million, compared to USD 21 million in 2024. Data from InvestingPro shows that SEALSQ holds more cash than debt on its balance sheet and has strong liquidity with a current ratio of 7.38. Despite this cash position, the stock appears overvalued compared to its fair value according to InvestingPro and with a high price-to-book ratio of 6.03.
"Our revenue growth of 66% in 2025, combined with the expectation of revenues of over USD 4 million in the first quarter of 2026, marks a clear inflection point for SEALSQ," explained Carlos Moreira, CEO of SEALSQ.
As of December 31, 2025, the company reported an active business pipeline worth over USD 200 million. This total reflects potential revenue opportunities through 2028, of which more than $60 million is attributable to the QS7001 and QVault TPM programs.
SEALSQ attributed the growth to renewed demand in its core semiconductor and PKI product lines, the five-month revenue contribution from IC'ALPS following its acquisition in August 2025, and initial success in post-quantum technology programs.
According to the press release, the company plans to publish its audited financial statements by March 31, 2026.
