en.Wedoany.com Reported - SEALSQ Corp has announced its preliminary unaudited financial results for the first half of 2026, with revenue of approximately $11 million for the period, representing a 120% year-over-year increase. The company, which focuses on semiconductor, PKI, and post-quantum technology hardware and software products, has reaffirmed its expectation of 50% to 100% revenue growth for the 2026 fiscal year. It also disclosed that its potential business pipeline through 2029 exceeds $225 million, of which over $60 million is directly related to post-quantum products.
In the first half of 2026, SEALSQ achieved revenue of approximately $11 million, a significant increase from $5 million in the same period of 2025. Second-quarter revenue was approximately $7 million, showing sequential acceleration from $4 million in the first quarter. As of June 30, 2026, the company held approximately $495 million in cash and short-term investments, providing ample liquidity for organic growth and strategic investments. Revenue growth was primarily driven by strong demand for the Vault-IC secure element product family, as well as the contribution of six months of consolidated revenue from IC'ALPS SAS, acquired in August 2025. Additionally, continued growth in PKI subscription contracts and initial revenue from the Quantix Edge Security semiconductor design center in Murcia, Spain, also contributed.
On the strategic front, SEALSQ continues to advance its post-quantum technology roadmap. The company completed the acquisition of Miraex SA, adding photonic quantum interconnect capabilities; increased its stake in Wecan Group to a majority; and acted as the lead investor in Quobly's €115 million Series A funding round. Key progress has been made in the post-quantum semiconductor portfolio: the QS7001 post-quantum secure element received NIST SP 800-90B entropy source validation and passed Common Criteria fault injection and side-channel resistance testing. A CC EAL5+ evaluation technical report is expected in the second half of 2026. More than 15 potential customers and partners are actively evaluating the QS7001 and its SDK. Customer sample testing of the QVault TPM is also progressing, with initial commercial revenue from this product expected to begin by the end of the second half of 2026.
The global regulatory environment is creating a favorable market backdrop for SEALSQ's products. NIST has finalized post-quantum standards and is advancing CNSA 2.0; the EU's Cyber Resilience Act is strengthening requirements for hardware-based security; and France's ANSSI has indicated it will cease certifying non-quantum-resistant security products within a specified timeframe. The SEALQuantum fund, an internal strategic initiative with a target allocation of $200 million, has already allocated over $60 million to strategic transactions including IC'ALPS, Miraex, and Quobly, supporting the company's long-term "Root-to-Qubit" strategy aimed at accelerating the development of a fully integrated quantum vertical sovereign stack.
