SEALSQ Corp (LAES) Earnings Call Transcripts
SEALSQ Corp's Latest Earnings Call - April 1, 2026
In the fiscal year 2025, SEALSQ Corp reported total revenue of $18.3 million, a 66% increase year-over-year, driven by the successful launch of its post-quantum semiconductor products and the acquisition of IC'ALPS. The company also recorded a net loss of $34.2 million, reflecting significant investments in R&D and operating expenses, including a non-cash stock-based compensation charge. Management anticipates revenue growth of 50% to 100% in fiscal year 2026, with first production revenues expected from the QS7001 and QVault TPM in the second half of the year, supported by a robust $200 million pipeline for 2026 to 2029.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $18.3 million (beat) |
| Net Loss | $34.2 million (miss) |
| Gross Margin | 47% (positive) |
| Operating Expenses | $48.4 million (negative) |
| Cash Position | $417.7 million (positive) |
| ASIC Revenue Contribution | $3.6 million (positive) |
Guidance from management
Management expects revenue growth of 50% to 100% in fiscal year 2026, with first production revenues from the QS7001 and QVault TPM anticipated in the second half of the year. The estimated combined pipeline for these products is $60 million as of December 31, 2025.
What analysts pressed on
Analysts expressed concerns regarding the impact of rising operating expenses on profitability and the timeline for customer adoption of new products. There were also questions about the potential influence of high demand for semiconductor resources driven by AI on pricing and supply chains in 2026.
Main topics on the call
- Revenue Growth Acceleration — SEALSQ achieved a total revenue of $18.3 million for FY 2025, representing a 66% growth compared to the previous year. Management noted, 'The ASIC segment will contribute a full 12 months of IC'ALPS revenue for the first...
- Product Launches and Pipeline — The commercial launch of the QS7001 post-quantum semiconductor in Q4 2025 has generated a pipeline of over $60 million for 2026-2029. Management stated, 'We expect first production revenues from the QS7001 in the second ...
- Increased Operating Expenses — Operating expenses surged to $48.4 million in 2025, a 132% increase from 2024, primarily due to a non-cash stock-based compensation charge of $11.2 million. Management emphasized that this was a 'one-time accounting char...
- Strategic Acquisitions — The acquisition of IC'ALPS added approximately 100 engineers and contributed $3.6 million in revenue for 2025. Management highlighted that this acquisition positions SEALSQ to develop the QASIC, a post-quantum cryptograp...
Read the full SEALSQ Corp transcript (April 1, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About SEALSQ Corp
SEALSQ Corp (LAES) is a publicly listed company in the Semiconductors and Semiconductor Equipment industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 3 calls on record spanning March 24, 2025 to April 1, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 3 SEALSQ Corp earnings call transcripts on record, spanning March 24, 2025 to April 1, 2026. Based on this history, SEALSQ Corp reports semi-annually. The most recent call on file is dated April 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- LAES
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Calls on record
- 3
- First call
- March 24, 2025
- Most recent
- April 1, 2026
- Reporting cadence
- semi-annually
| Quarter | Date | |
|---|---|---|
| Earnings Calls | Apr 1, 2026 | Read transcript → |
| Earnings Calls | Sep 10, 2025 | Read transcript → |
| Earnings Calls | Mar 24, 2025 | Read transcript → |