Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 4 Jun, 26 | LAES | Buy | USD 3.63 | USD 3.82 | USD 4.0 | Same day | Closed |
9.92%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services. The company provides device-to-cloud authentication, device attestation for matter, GSMA root certificate, device-to-device authentication, data protection, anti-counterfeiting and brand protection, security access, device ID provisioning, identity lifecycle management, and satellite IoT connectivity solutions. Its products are used in various applications, such as smart energy, smart home, automotive EV charging, consumer IoT, aerospace and military, telecommunications, logistics, medical, luxury, and other industrial applications. SEALSQ Corp was founded in 2022 and is based in Cointrin, Switzerland.
Expanding Commercial Opportunity Pipeline: SEALSQ exited FY25 with an active business pipeline exceeding USD 200 million, including more than USD 60 million associated with QS7001 and QVault TPM programs
Significant Gross Margin Expansion: FY25 gross margin expanded to 47%, compared to 34% in FY24
Revenue Conversion Remains Dependent on Certifications: A significant portion of the QS7001 commercialization opportunity remains contingent on obtaining key certifications such as Common Criteria EAL5+ and FIPS 140-3
Higher Cash Burn: Net operating cash outflow increased to USD 31.3 million in FY25 from USD 11.2 million in FY24
Commercialization delays, certification dependencies, failure to convert pipeline into revenue, ongoing losses and cash burn, and execution challenge
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 3.63 | 3.27 | 3.82 | 4.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Unique Position in Post-Quantum Cybersecurity: SEALSQ (NASDAQ: LAES) is a cybersecurity-focused semiconductor company operating at the intersection of secure hardware, digital identity, Public Key Infrastructure (PKI), and Post-Quantum Cryptography (PQC). Its most differentiated asset is its connection to the OISTE Root of Trust ecosystem, which provides a globally trusted security infrastructure that would take competitors many years to replicate. This foundation enables SEALSQ to deliver an integrated security stack spanning secure microcontrollers, digital certificates, authentication services, and quantum-resistant cryptographic solutions, positioning the company as a specialized player in the emerging quantum-security market.
Strong Growth and Financial Flexibility: SEALSQ delivered significant growth in FY2025, with revenue increasing 66% year-over-year to USD 18.3 million. Gross profit rose to USD 8.6 million, while gross margin expanded to 47% from 34% in the prior year. Although the company reported a net loss of USD 34.2 million due to increased investments, acquisitions, and stock-based compensation, it ended 2025 with more than USD 425 million in cash and short-term investments and subsequently increased this figure to over USD 525 million following a March 2026 capital raise. This substantial liquidity provides the resources needed to fund product development, strategic acquisitions, manufacturing expansion, and commercialization initiatives.
QS7001 and Commercial Opportunity: The company's primary growth catalyst is the Quantum Shield QS7001, which management describes as the world's first commercially available secure semiconductor integrating NIST-standardized post-quantum cryptography directly into hardware. Certification milestones continue to progress, with key security evaluations already completed, and more than ten prospective customers are actively evaluating the product. SEALSQ's active commercial pipeline now exceeds USD 200 million through 2029, including over USD 60 million associated with the QS7001 and QVault TPM product families. Management expects the first meaningful production revenues from these post-quantum products to begin in late 2026 as customer testing, certification processes, and deployment cycles move toward full-scale commercialization.
Strategic Expansion and Long-Term Growth Drivers: Beyond its core secure-element business, SEALSQ is building a broader quantum-security ecosystem through acquisitions, partnerships, and strategic investments. The acquisition of IC'ALPS added approximately 100 ASIC design engineers and expanded the company's ability to develop custom security chips for automotive, industrial, telecom, and government applications. The company has also established a USD 200 million Quantum Fund and invested across the quantum technology stack, including semiconductor personalization centers, quantum computing initiatives, satellite-based secure communications, and quantum networking infrastructure. Management expects FY2026 revenue growth of 50%–100%, supported by a full year of IC'ALPS contributions, continued growth in existing semiconductor and PKI products, entry into the TPM market, commercialization of QS7001 and QVault products, and increasing global adoption of post-quantum security driven by emerging regulatory requirements and cybersecurity concerns.
Based on SEALSQ's recent operational and financial performance, including FY2025 revenue growth of 66% to USD 18.3 million, gross margin expansion to 47%, a cash and short-term investment balance exceeding USD 525 million as of March 2026, successful acquisition and integration of IC'ALPS to strengthen custom ASIC capabilities, positive progress toward Common Criteria EAL5+ and FIPS certifications for the QS7001 platform, and expectation of 50%–100% revenue growth in FY2026 supported by commercialization of post-quantum products and a growing customer pipeline, a ‘Buy’ recommendation has been given on the stock at the current market price of USD 3.63, as of June 04, 2026 at 10:55 am PDT.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Semiconductors
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LAES SEALSQ Corp |
0.11 3.65% | 3.12 | - | - | 1.00 | 5.95 | 1.28 | -25.8475 |
| NVDA NVIDIA Corporation |
6.04 2.95% | 210.69 | 62.11 | 36.76 | 36.43 | 51.65 | 36.19 | 61.96 |
| AVGO Broadcom Inc |
18.45 4.70% | 411.35 | 78.55 | 35.84 | 27.93 | 23.69 | 28.47 | 52.08 |
| TSM Taiwan Semiconductor Manufacturing |
29.97 6.94% | 462.12 | 19.45 | 15.92 | 0.24 | 4.85 | 0.22 | 0.30 |
| AMD Advanced Micro Devices Inc |
24.89 4.86% | 537.37 | 108.58 | 40.98 | 13.39 | 7.12 | 12.75 | 60.70 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 4, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
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Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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