SEALSQ has $465M to fund post-quantum semiconductor plans

SEALSQ Corp reports nine-month 2026 revenue reached $16.3 million, a 65 percent increase compared to the same period last year. The company anticipates fourth-quarter revenue between $11 million and $20 million, resulting in a full-year revenue range of $27 million to $36 million, exceeding the $18 million reported in 2025. “Our preliminary nine-month revenue of $16.3 million represents 65% growth year-over-year,” said Carlos Moreira, Founder, Chairman and CEO of SEALSQ, as the company prepares to fund further development of its post-quantum semiconductors with approximately $465 million in liquidity.

SEALSQ’s 9M 2026 Revenue Growth Driven by Post-Quantum Products

The company’s financial position supports continued investment in post-quantum semiconductor development, with approximately $465 million in liquidity as of the nine-month mark in 2026. This capital reserve will fund ongoing priorities as the company anticipates increased revenue from its post-quantum product lines starting in 2027, dependent on customer integration and production scaling.

Laboratory review, certification, and customer procurement timelines are key factors influencing the pace of deployment. John O’Hara, CFO, stated, “Based on our preliminary nine-month revenue, our reaffirmed full-year 2026 revenue guidance implies fourth-quarter revenue of $11 million to $20 million.” The company’s products aim to safeguard sensitive data across sectors including multi-factor authentication, energy, healthcare, defense and industrial automation, embedding post-quantum cryptography directly into semiconductor solutions to enhance resilience.

The company’s focus on post-quantum semiconductors reflects a proactive approach to a potential cryptographic threat, as traditional methods like RSA and elliptic curve cryptography become increasingly susceptible to attacks from quantum computers. The design philosophy prioritizes future protection for critical systems, positioning the company to benefit from the growing demand for quantum-resistant security solutions. With substantial liquidity and a clear roadmap for commercialization, the company appears well-positioned to establish itself as a key player in the emerging post-quantum security market.

Our preliminary nine-month revenue of $16.3 million represents 65% growth year-over-year, with revenue increasing sequentially in each quarter of 2026.

Carlos Moreira, Founder, Chairman and CEO of SEALSQ
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Ivy Delaney

Ivy Delaney has been working with neural networks and machine learning since the mid-nineties, back when a couple of hidden layers and a long afternoon of training counted as ambitious. She has watched the field go from academic curiosity to the thing quietly running underneath everything, and she brings that long view to quantum computing. For Quantum Zeitgeist she covers the ground where the two fields meet. That means quantum machine learning and the variational algorithms it leans on, and it also means the less glamorous but more interesting story of classical machine learning already doing real work inside quantum machines, decoding error-correcting codes, calibrating noisy hardware and learning the error models that simulators depend on. She writes about the hardware those algorithms have to run on too, and about the post-quantum cryptography scramble that the same hardware has set off. Her stories typically start with the paper, whether that is peer-reviewed work, conference proceedings or an arXiv preprint, with the source linked so you can hold a claim up against the research it came from. She is unimpressed by benchmarks that will not say what they beat, and by demonstrations that only work in the press release.

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