SEALSQ reports Q1 2026 preliminary revenue of ~$4.1M (+200% YoY) and reaffirms FY2026 +50–100% growth guidance

6 CAL·1

SUMMARY

SEALSQ (LAES) released preliminary unaudited Q1 2026 revenue of approximately $4.1M versus $1.3M in Q1 2025 (+200% YoY), reaffirming full-year 2026 revenue guidance of +50% to +100% growth. Cash and short-term investments remained above $525M as of 2026-03-31. Business pipeline exceeds $200M in potential opportunities across 2026–2029, including $60M tied to QS7001 and QVault TPM programs. SEALSQ noted completion of the $125M Registered Direct Offering on 2026-03-16 as part of its cash build.

WHY IT MATTERS

+200% YoY Q1 revenue at a tracked PQC public pure-play, plus reaffirmed guidance, matches the score-6 anchor for meaningful-margin quarterly revenue beat; reinforces the 2026-03-31 FY2025 earnings narrative.

SECOND-ORDER

Strengthens SEALSQ as the listed proxy for PQC-in-silicon and is a data point for CISO enterprises scoping 2026 PQC migration procurement.