Sequans Communications S.A. reports developments tied to its fabless semiconductor business for 4G and 5G cellular Internet of Things connectivity. Company news commonly covers LTE-M/NB-IoT, 4G LTE Cat 1bis, 5G NR RedCap and eRedCap platforms, RF transceiver technology, design services, technology licensing, and customer platform selections for embedded cellular modems.
Updates also include quarterly and annual financial results, product demonstrations, design-win and production commentary, ADS repurchase activity, Bitcoin digital-asset treasury management, financing actions, and NYSE listing-compliance matters. Sequans serves IoT applications such as secured payment, smart mobility and logistics, smart cities, industrial systems, e-health, and smart homes.
Sequans (SQNS) completed its Bitcoin treasury exit by selling its remaining 314 Bitcoin, shifting its focus to semiconductors. Those holdings were on its balance sheet as of June 30, 2026. Sequans redeemed its convertible debt in May 2026 and now has no cryptocurrency holdings or outstanding debt apart from debt tied to government-financed research and development projects.
Second-quarter 2026 product revenue grew more than 80% year over year. Its six-month product backlog at quarter-end tripled year over year. Sequans continues work on its 5G eRedCap platform and its recently launched radio-frequency transceiver for software-defined radio applications.
Sequans Communications (SQNS) received a NYSE non-compliance notice on September 14, 2026, concerning market capitalization and stockholders' equity.
Its average global market capitalization over 30 consecutive trading days was below $50 million, while stockholders' equity was also below $50 million. The notice does not immediately delist its ADSs. Sequans has told the NYSE it intends to regain compliance and is developing a plan for submission within 90 days of receiving the notice.
The plan must describe actions to meet listing standards within nine months of receipt of the notice. The NYSE has 45 days after receiving the plan to assess it. If accepted, the ADSs will remain listed and traded during the nine-month cure period, subject to other listing standards and periodic review.
Sequans Communications (SQNS)/b) will participate in the H.C. Wainwright 28th Annual Global Investment Conference, held September 14-16, 2026, at the Lotte New York Palace Hotel in New York City.President and CEO Dr. Georges Karam is scheduled to attend. Investors may request one-on-one meetings with the Sequans management team by contacting investor relations.
Sequans Communications (NYSE: SQNS) reported preliminary unaudited Q2 2026 revenue of $7.5 million, up 23% QoQ but down 8.4% YoY, mainly due to lower Qualcomm-related license and services revenue versus Q2 2025. Product sales rose 39.4% QoQ and 83.7% YoY, and more than 40 design-win projects are now in mass production, representing 55% of a stated $300 million three-year product revenue pipeline.
Gross margin fell to 32.9% from 37.7% in Q1 2026 and 64.4% in Q2 2025, reflecting a higher product-sales mix and prior Qualcomm-related margin benefits. Operating loss narrowed to $7.2 million from $50.5 million in Q1, influenced by a $3.0 million digital asset impairment and a $5.3 million realized net gain on Bitcoin sales. Net loss was $9.8 million (−$0.65 per ADS) versus $76.2 million in Q1 2026 and $9.0 million in Q2 2025, while non-IFRS net loss improved to $4.0 million (−$0.27 per ADS).
According to Sequans, cash and cash equivalents increased to $21.0 million at June 30, 2026 from $10.6 million at March 31, 2026. Bitcoin holdings declined to 314 BTC (market value $18.4 million) from 1,514 BTC ($103.2 million) at March 31, partly due to sales used to redeem convertible debt and strengthen liquidity. The company ended the quarter with a debt-free balance sheet, down from $56.4 million in convertible debt and a $10.8 million embedded derivative liability at December 31, 2025. Total equity decreased to $41.7 million at June 30, 2026 from $127.7 million at year-end 2025, reflecting cumulative losses and changes in digital asset values.
Sequans (NYSE: SQNS) will release its second quarter 2026 financial results on Tuesday, August 4, 2026, before U.S. market open. Management will host a conference call at 8:00 a.m. ET / 14:00 CET, with access via prior online registration and a live webcast, and a replay available on the company’s website after 9:00 a.m. ET.
Sequans (NYSE: SQNS) announced a planned CFO transition. Deborah Choate, Chief Financial Officer for 19 years, will retire effective June 30, 2026. Norman Brodt, currently Vice President, Finance, will become CFO at that time.
Brodt has led financial planning, reporting and process improvement since January 2025 and previously held senior finance roles at Alcatel Lucent/Nokia.
Sequans (NYSE: SQNS) has fully redeemed all remaining convertible debt issued in July 2025, funded by selling part of its Bitcoin holdings. The company now holds about 658 unrestricted BTC and reports a near debt-free balance sheet, with renewed focus on scaling its IoT semiconductor and 5G eRedCap businesses.
Sequans (NYSE: SQNS) announced that its 2025 Annual Report on Form 20-F for the year ended December 31, 2025 has been filed with the SEC. The report, including complete 2025 audited financial statements, is available on the company and SEC websites and by free mailed copy.
Sequans Communications (NYSE: SQNS) reported preliminary unaudited Q1 2026 results for the period ended March 31, 2026. Total revenue was $6.1M (down 12.5% QoQ, 24.8% YoY). Gross margin was 37.7%. Net loss was $54.3M (loss per ADS $(3.73)). Cash was $10.6M. The company held 1,514 BTC ($103.2M) as of March 31, 2026, with 1,217 BTC pledged against convertible debt due June 1, 2026.
Sequans Communications (NYSE: SQNS) will release its first quarter 2026 financial results on Tuesday, May 5, 2026 during pre-market hours. Management will host a conference call at 8:00 a.m. ET (14:00 CET) to discuss the results.
Participants must register to receive dial-in details and a unique registrant ID. A live webcast will be available and a replay will be posted on the company's website after 9:00 a.m. ET. The company recommends joining at least 15 minutes early.