SEALSQ Corp reported revenue of $11.2 million for the first half of 2026, a 131% increase from $4.8 million in 2025.
Gross profit rose 233% to $5.4 million, with gross margins expanding to approximately 48%.
The company’s net loss widened to $27.8 million from $20.0 million in the prior year period.
Management reaffirmed full-year 2026 revenue guidance between $27 million and $36 million.
The business pipeline currently exceeds $225 million in potential revenue opportunities through 2029.
Growth was primarily driven by demand for Vault-IC secure-element products and PKI subscriptions.