SEALSQ Corp (LAES)
NASDAQ:LAES
Earnings Data
Report Date
Sep 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.86Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong strategic progress: commercial product launches (QS7001), meaningful pipeline expansion (to $200M), major capital raises and a very strong cash position enabling aggressive investment in sovereign manufacturing, personalization centers and a quantum vertical stack. Gross margins improved materially and the ASIC business provides a high-margin contribution. However, near-term commercial scale remains limited (FY25 revenue $18.3M), the company reported a larger net loss and sharply higher operating expenses, and revenue realization is contingent on certifications and multi-month integration cycles. Overall the positives—robust funding, product milestones, partnerships, regulatory tailwinds and an expanding pipeline—outweigh the execution and timing risks described, but successful conversion of the pipeline and disciplined execution will be critical to validate the bullish outlook.Company Guidance
Market Valuation and Exchange Upgrade
SEALSQ surpassed a $1 billion market valuation in October 2025 and achieved an upgrade to the NASDAQ Global Select market, reflecting increased scale, governance and investor recognition.
Substantial Capital Raises and Strong Liquidity
The company raised over $575 million since November 2024 through offerings and facilities, ending FY25 with $417.7M cash (plus $10M short-term investments) up from $84.6M a year earlier; post-March 2026 financing the cash position is cited at approximately $530M, providing strong near-term runway and interest income ($6.1M in 2025).
Revenue Growth and Geographic Momentum
Total revenue for FY2025 was $18.3M, representing year-over-year growth of 66%; Asia Pacific revenue grew 95% YoY and North America accounted for 57% of revenue. Smart card reader SCR200 grew 51% YoY.
QS7001 Commercial Launch and Growing Pipeline
The Quantum Shield QS7001 commercial launch occurred in Q4 2025 (first commercial post-quantum semiconductor), with sampling revenues recognized and first production expected H2 2026. The QS7001 and QVault pipeline grew to over $60M for 2026–2029 (from ~$11.4M a year earlier, ~+426%), and total active pipeline is estimated at $200M as of March 2026 across ~115 potential customers.
Improved Gross Profit and High-Margin ASIC Contribution
Gross profit rose to $8.6M from $3.7M, with gross margin expanding 13 percentage points to 47%. The ASIC segment carries very high margins (88%) and ASIC revenues contributed $3.6M (5 months post-acquisition); semiconductor gross margin improved to 37% from 34%.
Strategic Acquisitions, Investments and Partnerships
Acquired IC'ALPS (added ~100 engineers, workforce ~300), signed LOI to acquire Miraex, and through the Quantum Fund expanded from $20M to $200M with ~$30M deployed across quantum-related companies. Key partnerships include TSS (U.S. manufacturing/personalization), Lattice Semiconductor, Paradrone, and a EUR40M joint venture with Spain for a personalization center in Murcia.
Regulatory Tailwinds and Certification Progress
Binding regulatory drivers (NSA CNSA 2.0, EU Cyber Resilience Act) are accelerating demand for post-quantum solutions. Common Criteria evaluation milestones for CC EAL5+ and FIPS 143 are on track for Q4 2026, and lab testing for fault injection/side-channel attacks reportedly passed in March.
Forward Guidance and Growth Expectations for 2026
Management expects 2026 revenue to accelerate (guidance of 50%–100% growth year-over-year), Q1 revenues to more than double YoY, first production revenues for QS7001 and QVault TPM in H2 2026, and continued R&D and commercialization investments supported by a strong cash position.
LAES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LAES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | $2.62 | $2.51 | -4.20% |
Sep 09, 2025 | $2.68 | $2.66 | -0.75% |
Mar 20, 2025 | $3.10 | $2.98 | -3.87% |
Sep 25, 2024 | $0.52 | $0.49 | -5.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SEALSQ Corp (LAES) report earnings?
SEALSQ Corp (LAES) is schdueled to report earning on Sep 15, 2026, Before Open (Confirmed).
What is SEALSQ Corp (LAES) earnings time?
SEALSQ Corp (LAES) earnings time is at Sep 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAES EPS forecast?
LAES EPS forecast for the fiscal quarter 2026 (Q2) is -0.09.