Geneva, Switzerland, Feb. 17, 2026 (GLOBE NEWSWIRE) --

   -- Entered 2026 With a Strong Commercial Momentum 
 
   -- Expects Q1 2026 Revenue to Grow over 100% as Compared to Q1 2025 
 
   -- Reaffirms FY 2026 Guidance with Revenue Expected to Grow Between 50%-100% 
      Year Over Year 

SEALSQ Corp $(LAES)$ ("SEALSQ" or the "Company"), a global leader in semiconductor, PKI, and post-quantum security technologies, today announces key preliminary operational and financial metrics for fourth quarter ("Q4") and full year ("FY") 2025, provides first quarter 2026 revenue expectations, and reaffirms FY 2026 revenue guidance. All numbers reported are preliminary and unaudited. The Company expects to publish its audited full-year financial statements on or before March 31, 2026.

FY 2025 Key Financial and Operational Highlights

   -- FY 2025 revenue reached $18 million, representing a 66% increase 
      year-over-year, of which $8 million was generated in Q4 2025, as compared 
      to $4 million in Q4 2024. Revenue growth was driven by renewed demand 
      across core semiconductor and PKI product lines, five months of revenue 
      contribution from IC'ALPS SAS ("IC'ALPS") following its acquisition on 
      August 4, 2025, which represented approximately $3.5 million and early 
      traction in post-quantum technology programs. While 2025 numbers 
      reflected the continued transition from current generation product 
      offerings to next-generation post-quantum semiconductor platforms, that 
      transition has now entered its commercial acceleration phase. 
 
   -- FY 2025 net loss is expected to be in range of $30 -- 40 million, 
      representing an increase in loss against the FY 2024 net loss of $21 
      million. The 2025 net loss includes further investment in our research & 
      development, and sales & marketing efforts designed to accelerate growth 
      with the launch of the new post-quantum semiconductor product range, 
      increased operating expenses due to the consolidation of IC'ALPS since 
      August 2025 as well as a non-cash Share Based Compensation charge of 
      approximately $9 million . 
 
   -- Ended the year with a strong balance sheet. As of December 31, 2025, 
      SEALSQ held over $425 million in cash, providing one of the strongest 
      liquidity positions in its sector, even after deploying $30 million 
      during the year toward strategic investments in WeCan Group, IC'ALPS, 
      Quantix Edge and WISeSat.Space (WISeSat), a secure satellite and critical 
      digital satellite infrastructure company and a subsidiary of SEALSQ's 
      parent company, WISeKey International Holding Ltd ("WISeKey") (SIX: WIHN, 
      NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT 
      company. This capital base enables accelerated post-quantum R&D, 
      manufacturing scale-up, strategic acquisitions and ecosystem investments 
      and vertical integration in ASIC design and quantum infrastructure. 
 
   -- Active business pipeline estimated to total over $200 million as of 
      December 31, 2025, reflecting potential revenue opportunities with both 
      current and potential new customers from 2026 through 2028, including 
      more than $60 million linked to QS7001 and QVault TPM programs. This 
      pipeline highlights rising global demand for quantum-resistant security 
      and sovereign semiconductor design and the continued evolution of our 
      business development activities.   These figures reflect management 
      estimates and are subject to conversion risks, customer validation, and 
      technical integration amongst other topics. 

Carlos Moreira, CEO of SEALSQ, stated: "Our 66% revenue growth in 2025, combined with initial expectations of Q1 2026 revenue exceeding $4 million, mark a clear inflection point for SEALSQ. We are transitioning from a development and investment cycle into a structured commercial acceleration phase. With more than $425 million in cash, an estimated $200+ million of new potential revenue opportunities pipeline, and growing global demand for quantum-resistant infrastructure, SEALSQ is strategically positioned to become a cornerstone player in sovereign semiconductor and quantum-security ecosystems worldwide."

SEALSQ Enters 2026 Well Positioned for Structural Growth and Commercial Acceleration

SEALSQ has entered 2026 with clear commercial momentum. The Company remains focused on scaling production, accelerating post-quantum innovation, expanding global partnerships, and securing its role as a leader in the emerging quantum-security infrastructure market. Q1 2026 revenue is expected to exceed $4 million, representing a substantial increase of over 100% on Q1 2025 and signaling accelerated demand across our traditional product portfolios, as our pipeline continues to grow with opportunities. Specifically, the anticipated Q1 2026 growth reflects expected increased revenue from Vault-IC secure element technology increasing as more objects require Internet secure connections and the full-quarter consolidation of IC'ALPS.

FY 2026 Outlook

SEALSQ's outlook statements are based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Forward Looking Statements" below.

The Company believes the strong Q1 2026 start reinforces confidence in its previously communicated FY 2026 guidance with revenue growth expected to be between 50% to 100% year-over-year, which is supported by:

   -- A full-year consolidation of the revenue of IC'ALPS compared to five 
      months in the current year 
 
   -- Continued growth in our current range of secure semiconductor products as 
      well as entry into the Trusted Platform Module ("TPM") market 
 
   -- The commercialization of the QS7001 post-quantum and QVault TPM product 
      range with first revenues anticipated for the latter part of 2026. 
 
   -- The launch of a custom post-quantum enabled chip development with 
      contractualization expected in the second half of 2026 reflecting our 
      ability to deliver tailor made security integrated circuits ("ASICs") 
 
   -- The anticipated adoption of Post-Quantum Cryptography as a reaction to 
      the threat of quantum computing to traditional encryption methods 
 
   -- Growth in PKI subscription contracts as a result of multiple market 
      trends including the growth in digital transactions, the increasing 
      frequency and sophistication of cyberattacks and the growing adoption of 
      cloud-based models and remote working 
 
   -- Initial revenues expected to be generated by SEALSQ from the Quantix Edge 
      project and sovereign semiconductor initiatives 

Expanding Commercial Pipeline

The Company's active business pipeline now exceeds $200 million in potential revenue opportunities from 2026 through 2028, including more than $60 million linked to QS7001 and QVault TPM programs.

This pipeline reflects:

   -- Rising global demand for quantum-resistant security 
 
   -- Government-driven sovereign semiconductor programs 
 
   -- Increasing brand awareness and global market penetration of SEALSQ 

Strategic Investments and Vertical Integration

During 2025, SEALSQ deployed approximately $30 million into strategic investments aimed at strengthening our vertical integration. These investments included:

   -- IC'ALPS - custom semiconductor design capabilities (ASIC design - 
      Application Specific Integrated Circuit - and QASIC, the 
      Quantum-Resistant ASIC) 
 
   -- Quantix Edge Security - semiconductor Design, Test and Personalization 
      Centers 
 
   -- WISeSat - quantum resistant enabled secure satellite communications for 
      IoT applications 
 
   -- WeCan Group - KYC infrastructure within the financial sector 
 
   -- EeroQ -- a quantum chip design company pioneering a breakthrough approach 
      to building a quantum computer using electrons on helium (eHe) 

Smart Meter and PKI Expansion Drives Scalable, High-Margin Recurring Revenue

SEALSQ continues to expand recurring revenue streams in its smart meter and Public Key Infrastructure (PKI) offerings, which are expected to contribute substantially to 2026 revenue growth, through new and expanded semiconductor or PKI contracts with leading industrial OEM partners like Landis & Gyr and the growing deployment of lifecycle certificate-management solutions in the US, Asia and Europe.

Other Technological Milestones:

Quantum Shield QS7001, a next-generation secure chip that integrates NIST-standardized Post-Quantum Cryptography (PQC) algorithms directly at the hardware level, represents a foundational step in SEALSQ's quantum-secure roadmap.

In 2025, SEALSQ significantly strengthened its vertical Quantum platform strategy, expanding beyond its established hardware Root of Trust leadership toward full-stack quantum integration, from secure silicon to qubit generation, interconnected through a sovereign Quantum Highway. To accelerate this vision, the Company initiated targeted investments across the quantum value chain including:

   -- Foundational Layer: Post-Quantum Silicon: SEALSQ reinforced its 
      post-quantum semiconductor roadmap through investments to develop 
      advanced cryptographic IP, next-generation secure chips, TPM 
      architectures, and quantum-resistant chiplets. These investments aim to 
      ensure long-term protection against emerging quantum threats to position 
      SEALSQ as a leader in crypto-agile, quantum-secure silicon. 
 
   -- Computational Layer: Quantum Processing Ecosystems: SEALSQ began 
      strategic participation in quantum processor ecosystems, including qubit 
      hardware platforms, and quantum-classical interface technologies. This 
      ensures exposure to qubit generation and secure orchestration layers, 
      extending SEALSQ's security architecture from device authentication to 
      quantum computing as a service. 

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February 17, 2026 08:00 ET (13:00 GMT)