SEALSQ 9M 2026 Revenue Up 65% to $16.3M; FY Guidance Reaffirmed at $27M-$36M
WQEY sits 22% above its 52-week low of $7.9 on light trading volume (0.3× avg).
Summary
SEALSQ, WISeQey's subsidiary, posted preliminary 9M 2026 revenue of $16.3 million, up 65% year-on-year, reaffirmed FY 2026 guidance of $27 million to $36 million, and reported roughly $463 million in cash and restricted cash.
Key Events · Earnings and Guidance · WQEY
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9M 2026 Revenue Up 65%
Preliminary unaudited revenue of $16.3 million for the nine months ended September 30, 2026, versus $9.9 million in the prior-year period.
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FY 2026 Guidance Reaffirmed
Full-year 2026 revenue guidance held at approximately $27 million to $36 million, implying Q4 2026 revenue of $11 million to $20 million against $8.4 million in Q4 2025.
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Liquidity of ~$463 Million
Cash, cash equivalents and restricted cash of approximately $463.0 million at September 30, 2026, funding post-quantum product commercialization.
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Pipeline Above $200 Million
Management estimates an active business pipeline of more than $200 million through 2029, including over $100 million tied to post-quantum projects; subject to conversion and customer-validation risk.
Analysis · WQEY · Technology
SEALSQ, the operating subsidiary of WISeQey, reported preliminary 9M 2026 revenue of $16.3 million, up 65% from $9.9 million a year earlier, and reaffirmed full-year 2026 revenue guidance of $27 million to $36 million. The implied fourth-quarter range of $11 million to $20 million is wide but brackets a step-up from $8.4 million in Q4 2025, so the reaffirmation keeps the growth story intact rather than resetting it. Roughly $463 million of cash and restricted cash gives the company ample runway to fund post-quantum product commercialization without near-term financing pressure. The pipeline figure of more than $200 million through 2029, including over $100 million in post-quantum projects, is a management estimate subject to conversion risk, so it should be treated as directional rather than contracted revenue. The main swing factor is whether Q4 lands near the low or high end of the range, which depends on VaultIC408 commercial ramp and first QVault TPM183 design-win shipments clearing customer qualification.
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In the 30 days to Oct 16, 2026, 29.4% of the 1487 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.39%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WQEY was trading at $9.66 on NASDAQ in the Technology sector, with a market capitalization of approximately $40.4M. The 52-week trading range was $7.90 to $39.60. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.