SEALSQ Earnings Call Transcripts
Fiscal Year 2026
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Revenue surged 131% to $11.2M with gross margin expanding to 48%, driven by secure element demand, PKI growth, and strategic acquisitions. Strong liquidity supports a $200M investment in a vertically integrated quantum security stack, with 2026 revenue guidance reaffirmed at $27–$36M.
Fiscal Year 2025
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Fiscal 2025 saw 66% revenue growth, major capital raises, and the launch of the first commercial post-quantum secure semiconductor. Strategic acquisitions, regulatory tailwinds, and a $200M pipeline position the company for 50–100% revenue growth in 2026.
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First half 2025 saw flat revenue but a sharp rise in gross margin and cash reserves, with major investments in post-quantum technology, strategic acquisitions, and global expansion. Full-year revenue is projected to grow 59–82%, with a robust pipeline and regulatory tailwinds.
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SEALSQ presented its evolution from digital identity to quantum-resistant security, highlighting a strong cash position, major investments in quantum technology, and a focus on launching post-quantum chips by end-2024. Key growth drivers include new product launches, strategic acquisitions, and expanding U.S. presence.
Fiscal Year 2024
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2024 revenue dropped to $11M amid a strategic shift to quantum-resistant chips, with a net loss of $21M and increased R&D investment. Strong cash reserves and a $93M pipeline position the company for significant growth in 2025 and beyond, driven by new products and acquisitions.