France's Sequans misses Q4 sales expectations amid absence of Qualcomm license revenue

Sequans Communications SA

10/02/2026 11:11

Overview

France semiconductor firm's Q4 revenue slightly missed analyst expectations

Net loss for Q4 widened significantly compared to previous quarters

Company repurchased 9.7% of ADSs, authorized additional 10% buyback

Outlook

Sequans expects cash-flow break-even by end of 2026

Company sees strong demand across LTE-M, Cat 1bis, RF transceivers

Sequans authorized to repurchase an additional 10% of ADS

Result Drivers

PRODUCT SALES - Q4 revenue increase driven by product sales, despite year-over-year decline due to lack of Qualcomm license revenue

GROSS MARGIN DECLINE - Gross margin fell to 37.7% due to higher product sales and inventory provisions

BITCOIN IMPAIRMENT - Operating loss impacted by $56.9 mln unrealized loss on Bitcoin impairment and $8.4 mln realized loss on Bitcoin sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$7 mln
$7.03 mln (3 Analysts)
Q4 Net Income
-$87.10 mln
Q4 Gross Margin
37.70%
Q4 Operating Income
-$74.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Sequans Communications SA is $17.00, about 380.2% above its February 9 closing price of $3.54

Press Release: ID:nNFCbkLhGC

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)