Overview

* Sequans Q3 revenue falls 57.5% yr/yr, missing analyst expectations

* Adjusted EPS for Q3 beats consensus, despite a net loss

* Company reduces debt by leveraging Bitcoin holdings, supporting share buyback

Outlook

* Sequans expects IoT business to ramp in Q4 2025 with better visibility into 2026

* Company's three-year revenue design win pipeline increased to $300 mln

* Sequans remains committed to Bitcoin treasury strategy for long-term value

Result Drivers

* BITCOIN STRATEGY - Co leveraged Bitcoin holdings to reduce debt and support share buyback program, enhancing financial flexibility

* IOT PIPELINE GROWTH - Co's IoT product business strengthened with a three-year revenue design win pipeline increase to $300 mln

* REVENUE DECLINE - Q3 revenue decreased 57.5% yr/yr due to lower high-margin license revenue from Qualcomm

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $4.3 mln $6.26

Revenue mln (3

Analysts

)

Q3 Beat -$0.79 -$1.30

Adjusted (3

EPS Analysts

)

Q3 Net -$6.70

Income mln

Q3 Gross 40.90%

Margin

Q3 -$20.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 ( SQNS ) is $35.00, about 79.7% above its November 3 closing price of $7.10

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)