WKEY · NASDAQ · Semiconductors

WISeKey International (ADR) (WKEY)

Builds secure microcontrollers and manages ASIC/SoC development.

$6.28
Pre-market−0.01 (−0.16%)
At close$6.29(+2.28%)
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WISeKey International Holding AGWKEYInformation Technology

Secure microcontrollers and ASIC/SoC development make up the two current reportable segments. The founder-led Swiss group also carries digital-identity, PKI and secure-authentication capabilities; its business depends on customer retention and continued security, trust and integration capabilities.

Secure microcontrollers and ASIC design form the current operating core, carried through the Semiconductors and ASIC segments. The former designs, manufactures, sells and distributes high-end secure microprocessors; the latter takes ASIC and SoC projects from circuit specification and in-house design through qualification and production-supply-chain management.

Digital identity, PKI and secure authentication remain part of the group’s business heritage and product positioning. Founded by Carlos Creus Moreira, it operates from Switzerland and trades in the US through Nasdaq ADSs. Demand depends on retaining and expanding customers while continuing to provide security, trust and integration capabilities. A proposed BVI redomiciliation has been disclosed but has not been completed.

Company facts

CEOCarlos Creus Moreira
ListedDec 4, 2019
ExchangeNASDAQ
HeadquartersZug, Switzerland
CountrySwitzerland
Employees102
CIK0001738699
ISINUS97727L4086

Market cap$39.3M
EPS (ttm)−$0.5400
P/E (ttm)−11.69
ROE-15.7%
P/B1.53
P/S4.67
Dividend yieldDiv yield
Beta3.87vs XLK 0.96

Price target$11.00+74.3%Avg of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Jan 15, 2026UBSTarget$13
Oct 10, 2025H.C. WainwrightTarget$4$10
Sep 29, 2025Maxim GroupReiterateBuy$11

Next report
Sep 29, 2026
in 26 days
EPS estimate
−$1.81
Revenue estimate
$15.5M
Fiscal quarter
Q4 FY25

EPSReportedEstimate

Apr '23Jun '23May '24Sep '24Apr '25Sep '25Apr '26Sep '26
Reported−$1.27−$3.11−$3.87−$3.83−$0.40−$2.20−$1.94Pending
Estimate−$0.12−$0.17−$1.81−$1.56−$1.59−$1.42−$2.72−$1.81
Surprise−924.3%−1,730.2%−114.1%−144.9%+74.7%−54.6%+28.7%

RevenueReportedEstimate

Apr '23Jun '23May '24Sep '24Apr '25Sep '25Apr '26Sep '26
Reported$13.1M$15.1M$15.7M$5.2M$6.6M$5.3M$14.0MPending
Estimate$12.5M$15.1M$15.9M$2.6M$2.4M$5.2M$13.8M$15.5M
Surprise+4.9%0.0%−1.5%+102.9%+172.0%+1.9%+1.4%
Estimate−$1.81
ReportedDue Sep 29, 2026
Estimate$15.5M
ReportedDue Sep 29, 2026
View details

Debt to equity21.40%
Current ratio1,292.40%

ProfitabilityRevenueNet incomeNet margin

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Revenue$10.7M$13.1M$15.1M$15.7M$5.2M$6.6M$5.3M$14.0M
Net income−$9.3M−$3.1M−$7.0M−$8.8M−$18.7M−$3.9M−$4.5M−$1.6M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Operating income−$6.6M−$7.2M−$5.9M−$3.7M−$14.1M−$13.2M−$27.7M−$20.5M
YoY growth

Balance sheet, Dec 31, 2025Cash & short-term investments $439.3M · Total debt $9.8M · Total assets $514.6M · Shareholders' equity $45.9M

Revenue
$14.0M
Operating income
−$20.5M
Net income
−$1.6M
View details

No dividends on record.

6.23M ADS as of Aug 21, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Moreira Andreas Feuardent1Insiderofficer: Chief Innovation Officer
Form 4filed Jun 16, 2026
  1. This position is filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Form 4 — an insider's transaction report

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

ComparePre-market

CompanyPriceChange
WISeKey International (ADR)$6.28−0.16%$39.3M4.7+111.0%
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STMicroelectronics (ADR)$51.00+0.58%$45.26B99.425.53.3+24.4%
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Median99.418.64.4+24.4%