SEALSQ Reports Strong H1 Revenue Growth Amid Wider Operating Losses
SEALSQ reported a significant increase in first-half revenue and gross profit for the six months ended June 30, with revenue surging to $11.2 million (up 131%) and gross profit rising by 233% to $5.4 million. The growth was driven by VaultIC products, PKI services, Quantix Edge, and the IC'Alps acquisition. Despite these gains, operating losses widened to $32.2 million from $21.2 million a year earlier due to increased investments in post-quantum security products, certifications, acquisitions, and corporate infrastructure. The company reaffirmed its 2026 revenue guidance of between $27 million and $36 million, supported by a strong pipeline exceeding $225 million through 2029. Management anticipates initial revenue from QS7001 and QVault TPM products in late 2026 with more substantial contributions expected in 2027. The company also noted progress on post-quantum product certifications, including NIST validation for the QS7001 secure element.
Tickers: $LAES
Topics: acquisition impact gross profit operating loss revenue growth