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Sequans Communications S A (SQNS)
NYSE:SQNS
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.58Last Year’s EPS
-2.4Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong operational momentum in the IoT semiconductor business with clear progress on product shipments, a sizable and improving design-win funnel, targeted 2026 revenue guidance ($40M–$45M) and active capital allocation (ADS buybacks). Offsetting these positives are large accounting losses and noncash charges tied to the Bitcoin treasury strategy and debt remeasurement that produced a substantial IFRS net loss, a widened non-IFRS loss, and realized Bitcoin losses. Management is focused on reducing OpEx and reaching cash-flow breakeven by Q4 2026, but near-term cash burn, supply-chain cost pressure, and multi-year timelines for 5G revenue remain risks. Overall the operational outlook is constructive while financial results are currently weighed down by treasury and debt-related items, producing a mixed but stable outlook.Company Guidance
Quarterly Revenue and Product Mix
Q4 revenue of $7.0M (in line with expectations), with >94% of Q4 revenue from product sales and ~6% from services.
Sequential Revenue Growth
Revenues increased 72.6% sequentially in Q4 driven primarily by product revenue growth.
Full Year Revenue and Underlying Business
FY2025 total revenue ~$27.2M; excluding meaningful nonrecurring Qualcomm-related revenue, underlying business closer to ~$20.0M.
Design Win Funnel and Production Ramp
Revenue funnel exceeds $550M of potential three-year product revenue, including >$300M from design wins; 44% of design wins are in production (up from 38% in Q3), representing approximately $132M of potential three-year revenue from production-stage projects.
2026 Revenue Guidance and Backlog
2026 internal plan targets $40M–$45M of total global revenue, supported by significant order backlog and design-win-to-production conversions; Q1 2026 revenue guidance ~$6.5M (with ~$1.0M at risk of shifting to Q2).
Capital Allocation and Share Repurchases
Repurchased ~9.7% of outstanding ADSs in Q4 and board authorized an additional buyback of up to 10% of ADSs; repurchases are being used as a lever when ADS price implies a discount to net cash + digital asset value.
Balance Sheet — Bitcoin and Net Cash Position
Year-end Bitcoin holdings: 2,139 BTC (~$187.1M market value); 1,617 BTC pledged as collateral for $94.5M convertible debt; net cash equivalent position reported by management in excess of ~$68.0M (after cash and netting convertible debt).
Operating Expense Reduction and Path to Breakeven
R&D + SG&A declined to $11.5M in Q4 from $13.6M in Q3 (-~15.4%); management targets further OpEx reduction toward a Q4 2026 cash-flow breakeven, with a second-half 2026 quarterly OpEx target of ~$10.5M (cash basis ~$9.0M after depreciation).
Product & Technology Momentum
Momentum across Cat M, Cat 1 Bis, RF transceivers and early engagement on 5G eRedcap; first eRedcap test chips expected this quarter with customer sampling beginning mid-2027; RF transceiver backlog and potential revenue growth cited (management sees $5–7M in 2026 base with upside over time).
High-Margin Upside from IP Licensing and Services
IP licensing and services opportunities are integrated into GTM; individual licensing opportunities discussed in range of ~$2M–$10M+ each, representing attractive high-margin upside for 2026 and beyond.
SQNS 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
SQNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $3.54 | $3.50 | -1.13% |
Sep 30, 2025 | $9.58 | $9.46 | -1.25% |
Jul 07, 2025 | $14.30 | $14.30 | 0.00% |
May 06, 2025 | $19.00 | $14.60 | -23.16% |
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 Sequans Communications S A (SQNS) report earnings?
Sequans Communications S A (SQNS) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Sequans Communications S A (SQNS) earnings time?
Sequans Communications S A (SQNS) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SQNS EPS forecast?
SQNS EPS forecast for the fiscal quarter 2026 (Q1) is -0.58.
