SEALSQ Corp. Reports Q1 2026 Financial and Operational Highlights, Reaffirms FY2026 Guidance

SEALSQ Corp. reported strong Q1 2026 results with revenue reaching approximately $4.1 million, a significant increase of over 200% compared to Q1 2025. This growth was driven by increased revenue from Vault-IC secure element technology and the full-quarter consolidation of IC'ALPS revenues. The company also highlighted its strong balance sheet with over $525 million in cash and short-term investments as of March 31, 2026, bolstered by a $125 million Registered Direct Offering. SEALSQ reaffirmed its FY2026 revenue guidance, projecting a year-over-year growth of 50% to 100%, driven by the full-year consolidation of IC'ALPS, continued growth in secure semiconductor products, and the commercialization of Post-Quantum products like QS7001 and QVault TPM. The company also noted an active business pipeline exceeding $200 million and progress in its QS7001 certification process. Strategic initiatives include a Letter of Intent to acquire Miraex SA and a follow-on investment in EeroQ.