SEALSQ reported first-half 2026 revenue of $11.2 million, up 131% from $4.8 million a year earlier, as demand grew for secure semiconductor products and digital identity services. Gross profit increased 233% to $5.4 million, lifting gross margin to nearly 48% on a stronger product mix. Revenue benefited from renewed Vault-IC demand, higher PKI subscriptions, Quantix Edge Security and IC’Alps, which contributed about $2.5 million after its August 2025 acquisition. The company’s net loss widened to $27.8 million as research, development, corporate and commercialization expenses increased. SEALSQ ended June with $486.1 million in cash, equivalents and restricted cash, or about $495 million including short-term investments. Its active business pipeline exceeded $225 million through 2029, including more than $100 million in post-quantum projects such as QS7001 and QVault. SEALSQ maintained 2026 revenue guidance of $27 million to $36 million, equivalent to 50% to 100% growth from audited 2025 revenue of $18.3 million.