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LAES · NASDAQ · Semiconductors

SEALSQ

Builds secure chips and PKI services for connected devices and post-quantum security.

$2.48

After-hours close−0.01 (−0.37%)

At close$2.49(−4.60%)

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Profile

SEALSQ CorpLAESInformation Technology

Secure microcontrollers and PKI services supply hardware-rooted trust for connected devices. The business pairs chip design with a post-quantum product push and added IC’ALPS’s ASIC-design capability.

Secure microcontrollers, cybersecurity and PKI services support device makers, branded appliances and high-value-object customers. The products anchor hardware-rooted digital trust across the IoT ecosystem.

Chip design is paired with PKI operations and a post-quantum-security product push. The operating group came from WISeKey in 2023; its predecessor semiconductor lineage includes a 2016 asset acquisition, while the current parent was incorporated in 2022.

The company works globally through operations inherited in France, Japan and Taiwan, and expanded its in-house ASIC-design capability by acquiring French specialist IC’ALPS in 2025. Its business depends on secure-semiconductor design and the continuing development of post-quantum products.

Company facts

CEOCarlos Moreira

ListedMay 24, 2023

ExchangeNASDAQ

HeadquartersCointrin, Switzerland

CountrySwitzerland

Employees300

CIK0001951222

ISINVGG794831062

Key statistics

Market cap$353.6M

EPS (ttm)−$0.2532

P/E (ttm)−9.79

ROE-11.8%

P/B0.7256

P/S19.38

Dividend yield—

Beta3.48vs XLK 0.68

Year to date −41.3% · Average volume (30d) 11.9M

Analysts

Price target, next 12 months$7.50+202.4%Median of 2 analysts · vs the Aug 28 close

ConsensusBuy2 of 2 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $2.48

High$8.00+222.6%

Median$7.50+202.4%

Low$7.00+182.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior target	Target
Jan 15, 2026	Maxim Group	Target	$1.75	$8
Dec 18, 2025	Cantor Fitzgerald	Target		$7

Earnings

EPS

Estimate−$0.10

ReportedDue Sep 9, 2026

Revenue

Estimate$11.0M

ReportedDue Sep 9, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Mar 31, 2026Q4 FY25	−$0.05	−$0.08	−60.0%	$12.9M	$13.4M	+3.9%	−4.20%
Sep 9, 2025Q2 FY25	—	−$0.20	—	$4.8M	$5.6M	+16.6%	−0.75%
Mar 20, 2025Q4 FY24	—	−$0.28	—	$6.2M	$7.1M	+13.8%	−3.87%
Jul 12, 2024Q2 FY24	—	−$0.80	—	$5.0M	$5.4M	+8.5%	−3.39%

View details

Financial highlights

	Q2 FY23	Q4 FY23	Q2 FY24	Q4 FY24	Q2 FY25	Q4 FY25
Revenue	$14.8M	$17.3M	$5.4M	$7.1M	$5.6M	$12.7M
Gross profit	$7.8M	$7.1M	$1.0M	$3.2M	$1.9M	$6.7M
Operating income	$12.0K	−$1.9M	−$10.0M	−$9.9M	−$26.6M	−$13.2M
Net income	−$875.0K	−$2.7M	−$12.1M	−$12.0M	−$23.2M	−$11.0M
Diluted EPS	−$0.06	−$0.18	−$0.80	−$0.28	−$0.20	−$0.09
Gross margin	52.8%	40.9%	19.3%	45.4%	33.7%	53.3%
Operating margin	0.1%	-11.2%	-184.1%	-140.7%	-474.6%	-104.7%

Revenue by product · FY24

Semiconductors$7.3M · 48%

Total$7.3M · 48%

Corporate$611.0K · 4%

Revenue by geography · FY25

North America$10.5M · 57%

Europe, Middle East And Africa$4.4M · 24%

Asia Pacific$3.2M · 18%

Latin America$94.0K · 1%

Balance sheet, Dec 31, 2025Cash & short-term investments $427.7M · Total debt $8.0M · Total assets $504.2M · Shareholders' equity $461.5M

Dividends

No dividends on record.

Ownership

Institutions 8.58%12.24M sharesInsiders 1.07%1.53M sharesOther 90.35%128.83M shares

Shares outstanding 142.59M · Float 113.53M · 79.6% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
CVI Investments, Inc.	24.38M	9.90%	13G	May 15, 2026
Anson Funds Management LP	12.46M	5.60%	13G	May 15, 2026
Susquehanna Securities, LLC	12.13M	5.40%	13G	May 15, 2026
UBS Group AG	1.36M	0.95%	13F	Aug 13, 2026
Bank of New York Mellon Corp	1.24M	0.87%	13F	Aug 6, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 5, 2026	Jean-Pierre Enguent	officer: Vice President, R&DSS	−15,000	$2.46
Jul 8, 2026	Jean-Pierre Enguent	officer: Vice President, R&DSS	−15,000	$2.82
Jun 5, 2026	John Charles O'Hara	director, officer: Chief Financial Officer	−143	$3.51
Jun 5, 2026	Carlos Moreira	director, officer: Chief Executive Officer	−300	$3.51
May 29, 2026	John Charles O'Hara	director, officer: Chief Financial Officer	−10,000	$3.51