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SEALSQ Corp (LAES) AI Stock Analysis
SEALSQ Corp
(NASDAQ:LAES)
The score is primarily held back by weak financial performance—large, widening losses and sustained cash burn—despite improving revenue and gross margin and a stronger balance sheet. Technicals also weigh on the score, with the stock in a pronounced downtrend versus all major moving averages. The earnings call provides partial offset through reaffirmed growth guidance and strong liquidity, but execution and certification timing risks remain high, and valuation is constrained by negative earnings and no dividend support.
SEALSQ Corp (LAES) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $188.22M
- Dividend Yield
- ―
- Average Volume (3M)
- 5.51M
- Price to Earnings (P/E)
- -5.3
- Beta (1Y)
- 0.86
- Revenue Growth
- 144.68%
- EPS Growth
- 47.76%
- Country
- US
- Employees
- 185
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
SEALSQ Corp Business Overview & Revenue Model
Company Description
SEALSQ Corp, a subsidiary of WISeKey International Holding AG, was founded in 2022 and operates out of Cointrin, Switzerland. The company specializes in the creation and distribution of semiconductor components, serving both governmental and commerci...
SEALSQ Corp Earnings Call Summary
The call was strongly optimistic, led by 131% revenue growth, 233% gross profit growth, approximately 48% gross margin, substantial liquidity, multiple certification milestones, expanding customer engagement, and a commercial pipeline exceeding $225 million. The main negatives were higher operating expenses, larger operating, net, and EBITDA losses, a slight decline in operating income, and the still-early-stage nature and certification-dependent timing of the post-quantum and quantum businesses. Highlights significantly outweighed the lowlights.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
SEALSQ is reaffirming its previously announced fiscal 2026 revenue guidance of $27 million-$36 million, representing expected growth of approximately 50%-100% over the audited 2025 revenue of $18.3 million; initial QS7001 and QVault TPM revenue is expected late in the second half of 2026, with more meaningful contributions beginning in 2027, while its active commercial pipeline exceeded $225 million in potential revenue opportunities through 2029 as of September 9, 2026, including more than $100 million associated with post-quantum projects already, although this is a management estimate rather than revenue guidance and remains subject to certification, customer validation, commercial negotiation, procurement decision, execution risk, customer demand, qualification and certification timing, supply chain conditions, commercial execution, order timing, and other risks described in its SEC filings. During 2026, SEALSQ increased capital allocation to the SEALQuantum Sovereign Vertical Stack to $200 million, with more than $60 million already committed.
SEALSQ Corp Financial Statement Overview
Summary
Revenue growth and gross margin improved meaningfully, and reported leverage is low with a strengthened equity base. However, operating and net losses are very large and worsening, and cash flow remains consistently negative with substantial ongoing cash burn, keeping financial quality and near-term earnings power weak.
Income Statement
34NegativeBalance Sheet
62PositiveCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.83M | 18.25M | 12.47M | 33.45M | 24.29M | 18.59M |
| Gross Profit | 13.62M | 8.63M | 4.23M | 15.63M | 10.26M | 6.50M |
| EBITDA | -46.80M | -33.79M | -17.78M | -1.83M | 3.66M | -3.42M |
| Net Income | -46.21M | -34.19M | -24.07M | -3.64M | 6.04M | -5.28M |
Balance Sheet | ||||||
| Total Assets | 761.97M | 504.18M | 97.57M | 27.93M | 21.66M | 11.84M |
| Cash, Cash Equivalents and Short-Term Investments | 605.66M | 427.69M | 84.62M | 6.89M | 4.06M | 2.06M |
| Total Debt | 8.85M | 8.00M | 8.88M | 15.38M | 14.12M | 17.77M |
| Total Liabilities | 65.09M | 42.67M | 19.70M | 22.90M | 21.45M | 25.41M |
| Stockholders Equity | 687.64M | 461.51M | 77.86M | 5.03M | 212.00K | -13.56M |
Cash Flow | ||||||
| Free Cash Flow | -50.95M | -32.50M | -11.78M | -6.06M | -1.85M | -3.63M |
| Operating Cash Flow | -49.04M | -31.26M | -11.21M | -3.04M | -1.55M | -3.59M |
| Investing Cash Flow | -70.11M | -35.31M | -571.00K | -3.02M | -299.00K | -36.00K |
| Financing Cash Flow | 587.02M | 399.52M | 89.48M | 8.92M | 3.75M | 3.69M |
SEALSQ Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAES, the sentiment is Negative. The current price of 1.32 is below the 20-day moving average (MA) of 1.61, below the 50-day MA of 2.05, and below the 200-day MA of 2.86, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 29.32 is Positive, neither overbought nor oversold. The STOCH value of 19.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAES.
SEALSQ Corp Peers Comparison
Overall Rating
NXPI80Outperform
RMBS76Outperform
MCHP67Neutral
WQEY49Neutral
INVE46Neutral- LAES46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| NXPI | 80Outperform | $62.58B | 19.41 | 29.17% | 1.63% | 14.55% | 57.03% |
| RMBS | 76Outperform | $7.98B | 30.30 | 18.85% | ― | 17.34% | 15.45% |
| MCHP | 67Neutral | $31.76B | 43.72 | 12.43% | 3.12% | 33.02% | ― |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| WQEY | 49Neutral | $28.32M | -30.49 | -9.54% | ― | 112.02% | ― |
| INVE | 46Neutral | $62.03M | -4.00 | -11.17% | ― | 3.11% | 46.15% |
| LAES | 46Neutral | $304.83M | -5.30 | -8.04% | ― | 144.68% | 47.76% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| LAES | SEALSQ Corp | 1.32 | -4.64 | -77.85% | |
| INVE | Inve Technologies, Inc. | 2.60 | -1.23 | -32.11% | |
| MCHP | Microchip Technology | 58.35 | 4.36 | 8.07% | |
| NXPI | NXP Semiconductors | 248.29 | 46.72 | 23.18% | |
| RMBS | Rambus | 74.53 | -36.06 | -32.61% | |
| WQEY | Wiseqey Corp | 6.78 | -21.56 | -76.08% |
SEALSQ Corp Corporate Events
SEALSQ’s QS7001 Chip Clears EAL5+ Technical Security Hurdle Ahead of Post‑Quantum Push
On October 27, 2026, SEALSQ Corp announced that its Quantum Shield QS7001 V1 post-quantum secure element successfully completed the technical security evaluation phase for Common Criteria EAL5+ certification at SERMA Safety & Security. All physic...
SEALSQ Moves to Secure Capacity on 12 WISeSat.Space Satellites to Launch Quantum Spatial Orbital Cloud
On October 26, 2026, SEALSQ signed a binding letter of intent with WISeSat.Space to acquire satellite capacity on 12 WISeSat.Space satellites plus mission control, ground segment and operational support services, in a transaction valued at about $15...
SEALSQ Corp Updates F-3 Shelf Registration With Recent 6-K Filings
On October 16, 2026, SEALSQ Corp filed a Form 6-K to formally incorporate several previously furnished Form 6-K reports into its existing Form F-3 shelf registration statements and related prospectuses. The designated reports span disclosures made be...
SEALSQ Posts 65% Nine-Month Revenue Surge and Reaffirms 2026 Guidance as Post-Quantum Pipeline Expands
On October 15, 2026, SEALSQ reported preliminary unaudited revenue of $16.3 million for the nine months to September 30, 2026, a 65% year-on-year increase driven by demand for its Vault-IC secure elements, recurring PKI services, the consolidation of...
SEALSQ and WISeQey Seal SPAC Merger for Quantisimo Sovereign Quantum Platform
On October 9, 2026, SEALSQ Corp and its parent WISeQey announced a definitive merger agreement to combine their special purpose vehicle Quantisimo Corp with SPAC GigCapital8 Corp into a new British Virgin Islands holding company, Quantisimo Holding C...
SEALSQ Boosts Stake in WISeSat.Space as SPAC Merger Closes and Nasdaq Trading Begins
On October 1, 2026, SEALSQ completed a key step in its space-focused investment strategy as WISeSat.Space Holdings Corp closed its business combination with Columbus Acquisition Corp, WISeSat.Space Corp d/b/a SpaceAIQ and other affiliates, with tradi...
SEALSQ Secures FIPS 140-3 Level 3 Validation for VaultIC408, Advancing Post-Quantum Hardware Strategy
On September 24, 2026, SEALSQ announced the commercial expansion of its VaultIC408 secure element platform after the device received FIPS 140-3 Level 3 validation as a single-chip hardware cryptographic module under NIST Certificate No. 5463, active...
SEALSQ Updates Certification Timeline for Post-Quantum Security Chips
SEALSQ Corp on September 25, 2026 announced revised timelines for certifying its post-quantum semiconductor products, reflecting regulatory and technical developments affecting its roadmap. The company now expects the Hardware Common Criteria Evaluat...
SEALSQ Files June 2026 Interim Results Showing Revenue Surge but Wider Loss
SEALSQ Corp filed a Form 6-K on September 14, 2026, furnishing unaudited condensed consolidated financial statements as of June 30, 2026. The filing incorporates these interim results into the company’s existing shelf and equity compensation re...
SEALSQ Posts Surging H1 2026 Revenue But Deeper Losses as Post-Quantum Investments Accelerate
On September 11, 2026, SEALSQ reported its financial and operational results for the six months ended June 30, 2026, highlighting sharp revenue growth alongside wider losses. Revenue rose 131% year-on-year to $11.2 million, gross profit jumped 233% t...
SEALSQ Corp Highlights Appointment of Group CMO Alexander Hirsch
On August 21, 2026, WISeKey International Holding announced the appointment of Alexander Hirsch as Chief Marketing Officer for the WISeKey Group and its affiliated companies, including SEALSQ Corp. Hirsch, who formally took up the role on August 17,...
SEALSQ Commits $10 Million to WISeSat.Space De-SPAC, Extends Deal Timeline
On August 6, 2026, SEALSQ Corp entered into a subscription agreement with WISeSat.Space Holdings Corp and Columbus Acquisition Corp in connection with a previously announced business combination involving WISeSat.Space Corp, Pubco and WISeKey Interna...
SEALSQ Updates Post-Quantum Chip Certification Schedule, Targets QVault Revenue by End-2026
On August 14, 2026, SEALSQ Corp issued an update revising certification timelines for its post-quantum semiconductor portfolio, citing regulatory and technical developments. The company now plans to obtain key hardware evaluation and Common Criteria...
SEALSQ CEO Letter Flags Surging H1 2026 Revenue and Quantum Security Deal With Quobly
In a CEO letter to shareholders dated August 13, 2026, SEALSQ reported that preliminary unaudited revenue for the first half of 2026 rose to about $11 million from $5 million a year earlier, reflecting roughly 120% year-over-year growth and a strong...
SEALSQ Corp Names Daniel Brau Chief Quantum Officer Following Miraex Acquisition
On August 4, 2026, SEALSQ Corp appointed technology executive and entrepreneur Daniel Brau as Chief Quantum Officer following its acquisition of Swiss photonics-based quantum interconnect firm Miraex SA, which he founded. Brau now leads the commercia...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 23, 2026