Sequans Q2 FY26 net loss narrows to US$ 9.8 million; revenue rises 23.2% to US$ 7.5 million vs Q1 FY26
SQNS•Cash position and operational update
Non-IFRS net loss was US$ 4 million, improving from a US$ 20.6 million loss in Q1; cash climbed to US$ 21 million at quarter-end.
Management cited more than 40 design-win projects in mass production, a backlog extending into 2027, a first drone customer, and a debt-free balance sheet with 314 Bitcoin.
Q2 revenue rises sequentially as net loss narrows
Sequans Communications posted Q2 revenue of US$ 7.5 million, up 23.2% from Q1 but down 8.4% from a year earlier.
Net loss attributable to shareholders was US$ 9.8 million, narrowing from a US$ 76.2 million loss in Q1; loss per diluted ADS improved to US$ 0.65.
Gross margin fell to 32.9% from 37.7% in Q1, reflecting a higher product-sales mix; Q2 product sales rose 39.4% sequentially.
