Quarterly ResultAug 4, 2026, 06:08 AM
Sequans Q2 2026 Revenue $7.5M (+23% QoQ); Net Loss ($9.8M)
AI Summary
Sequans Communications announced preliminary unaudited Q2 2026 financial results, reporting revenue of $7.5 million, a 23.2% increase from Q1 2026, driven by an 83.7% year-over-year growth in product sales. The company posted a net loss of ($9.8) million, or ($0.65) per diluted ADS, and an operating loss of ($7.2) million, a significant improvement from the ($50.5) million loss in Q1 2026. Sequans also highlighted its debt-free balance sheet with $21.0 million in cash and 314 Bitcoin holdings, following the full redemption of its convertible debt.
Key Highlights
- Q2 2026 revenue reached $7.5 million, a 23.2% increase quarter-over-quarter.
- Product sales grew 83.7% year-over-year, driving the majority of revenue performance.
- Net loss for Q2 2026 was ($9.8) million, or ($0.65) per diluted ADS.
- Gross margin was 32.9%, reflecting a higher proportion of product sales in the revenue mix.
- Operating loss improved to ($7.2) million from ($50.5) million in Q1 2026.
- Cash and cash equivalents stood at $21.0 million at June 30, 2026.
- Company became debt-free after fully redeeming convertible debt in May 2026.
- Held 314 Bitcoin valued at $18.4 million at quarter-end, down from 1,514 Bitcoin.
Price Impact
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