SEALSQ Reports $32.2M Half-Year Operating Loss Amid Revenue Growth
SEALSQ Corp (NASDAQ:LAES) reported a $32.2 million operating loss for the six months ended June 30, 2026, compared to $21.2 million in the same period last year. Despite revenue increasing by 131% to $11.2 million and achieving an improved gross margin of 48.5%, generating $5.4 million in gross profit, operating expenses significantly outpaced earnings. The company holds approximately $479.8 million in unrestricted cash and equivalents, providing ample resources for development and customer qualification efforts. Management expects revenue to grow further in the second half, with full-year guidance set between $27 million and $36 million. However, achieving profitability will require a substantial increase in commercial scale. While SEALSQ is investing heavily in research, infrastructure, and acquisitions—contributing to rising expenses—the company anticipates initial revenue from new products like QS7001 and QVault TPM by the end of 2026.
Tickers: $LAES