WISeKey reported first-half 2026 revenue of approximately $11.4 million, increasing approximately 116% from $5.3 million in the same period of 2025 as the cybersecurity and post-quantum technology company advances several commercialization initiatives.
Gross profit increased 192% to $5.5 million from $1.9 million, with gross margin expanding to approximately 48% from 35%.
The company reported an operating loss of $40.9 million compared with a $27.3 million operating loss a year earlier. Net loss widened to $36.4 million from $22.3 million.
WISeKey ended June with approximately $495 million in cash and restricted cash and minimal debt, providing capital for its post-quantum semiconductor, quantum technology, satellite infrastructure and acquisition initiatives.
Subsidiary SEALSQ’s commercial pipeline exceeded $225 million through 2029 as of September 22. More than $100 million of that pipeline was associated with post-quantum programs including QS7001 and QVault TPM. The figures represent management estimates and are subject to customer qualification, production, certification and other commercial risks.
WISeKey reaffirmed its expectation for full-year 2026 revenue growth of 50% to 100%.
The company is also moving forward with a redomiciliation designed to simplify its capital markets structure. Shareholders approved plans to move the parent company’s domicile from Switzerland to the British Virgin Islands, with WISeQey Corp. expected to become the new parent.
WISeQey shares are expected to trade directly on Nasdaq and the SIX Swiss Exchange under the ticker WQEY, replacing WISeKey’s existing U.S. American Depositary Share structure, subject to completion of remaining conditions.
The group is also developing Quantisimo as a potential publicly traded quantum technology company. A proposed business combination with GigCapital8 initially contemplated an enterprise value of approximately $575 million.
SEALSQ has allocated up to $200 million of internal resources toward its SEALQUANTUM Sovereign Vertical Stack strategy, which is intended to integrate post-quantum semiconductors, photonics, quantum computing and cryptographic trust infrastructure.
Other investments and transactions include the acquisition of Miraex, an approximately €15 million investment in Quobly, $7 million invested in EeroQ and a majority investment in Wecan Group.
WISeKey said it expects initial revenue from its post-quantum products during the fourth quarter of 2026, with larger contributions anticipated in 2027.
The company’s WISeSat business is separately working toward a proposed Nasdaq listing while developing the Quantum Spatial Orbital Cloud, which is designed to combine satellites, post-quantum semiconductors, PKI and quantum-related security infrastructure.
KEY QUOTES:
“2026 is the year the technologies and investments we have built over many years are coming together as one commercial ecosystem, and WISeKey is entering the most important commercialization phase in its history. First-half revenue grew approximately 116%, and we ended June with approximately $495 million in cash and restricted cash and minimal debt. That gives us a strong financial foundation to execute our strategy.
“Our momentum continued into the third quarter. Shareholders approved our redomiciliation, which clears the way for a direct listing on Nasdaq. We advanced the WISeSat and Quantisimo transactions, began commercializing our Quantum Spatial Orbital Cloud, and signed an agreement with the Canton of Jura to develop a sovereign post-quantum semiconductor center in Switzerland.
“Our priorities are now clear and measurable: convert the SEALSQ pipeline into revenue, bring our post-quantum products into volume production, complete the WISeSat and Quantisimo transactions, and expand our sovereign semiconductor infrastructure. Looking beyond 2026, we are building a group in which WISeKey, SEALSQ, WISeSat, and Quantisimo can each grow as focused businesses while remaining connected through one trusted infrastructure. From silicon to qubits, from identity to AI, and from Earth to space, our mission is unchanged: to provide the Root of Trust for the next generation of the digital economy.”
Carlos Moreira, Founder, Chairman and CEO of WISeKey
