LAES Stock — SEALSQ Corp

Up next

Next earnings call

Aug 17, 2026 Est · unconfirmed · in 3 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Equibles Research

our published analysis of this company

Research Thesis July 26, 2026

Intel: The $465.7B market cap attached to a $57.0B money-losing business has one quarter to prove the Q2 2026 reset

Intel's 326.7% rally has priced in a turnaround the Q2 2026 print only just began to earn, with $57.0B of TTM revenue against -$77.0M of TTM EBIT. The Q3 2026 guide of $15.8B–$16.8B revenue and $0.31 GAAP EPS is the first datapoint that will decide whether the 41.8% non-GAAP gross margin holds and a dividend reinstatement becomes credible, or whether the -28.9% drawdown from $140.94 deepens.

Equibles Rating

blended score · not investment advice

Overall

Strong Sell

SellHoldBuy

Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 18.6 · elevated Equity put/call 0.79

Technical

price trend

Strong Sell

50 / 200-day cross No cross

Price vs 200-day avg −34%

below

Price vs 50-day avg −16%

below

RSI (14) 38

neutral

MACD trend Negative

52-week position 9%

near low

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Weak

1-month return −20%

trailing

6-month return −41%

trailing

YTD return −32%

this year

Relative strength −47%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $3 › 200d $4 — 200d above 50d

Institutional flow Accumulating

21 of 90 funds reported for Jun 30 · net +147.4K sh shares · +7 new

Insider flow Distributing

Net -$378.6K over 90 days · 100% sells

Short interest Rising

6.66% of float · ▲ +6.9% MoM · 1.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

90 holders — mid 3-yr range

Squeeze score 55

elevated · 0–100

Fundamentals

Strong

Revenue growth +66%

Y/Y

Gross margin 47%

expanding

EPS growth −186%

Y/Y

Free cash flow $-32.0M

Balance sheet $416.0M

net cash

Quant / Vol

risk profile

Very High

Volatility 107%

annualized · 1-yr

Max drawdown −73%

past year

ATR 7.8%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the Earnings Call filed Jun 30, 2025

2025

Revenue Initiated $17.5M – $20M

prior FY $18.25M midpoint +2.7% Y/Y

2025 compared to 2024

Revenue Initiated 59% – 82%

Guided vs delivered · last 1 settled

Revenue 2025

guided $17.5M – $20M

guided $17.5M – $20M $18.25M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Sell

4 · 3 · 0

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−34% Bearish

Price vs 50-day avg

−16% Bearish

RSI (14)

38 Neutral

MACD trend

Negative Bearish

52-week position

9% Bearish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bearish · 2 of 6

Trend (MA cross) No cross

50d $3 › 200d $4 — 200d above 50d

Institutional flow Accumulating

21 of 90 funds reported for Jun 30 · net +147.4K sh shares · +7 new

Insider flow Distributing

Net -$378.6K over 90 days · 100% sells

Short interest Rising

6.66% of float · ▲ +6.9% MoM · 1.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

90 holders — mid 3-yr range

Price context

position in its 52-week range

52-wk low $2 Now $3 · 9% 52-wk high $9

vs 200-day avg -34% vs 50-day avg -16%

Illustrative technical + ownership context — a signal mix, not investment advice.

Versus peers

Semiconductors — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
LAES SEALSQ Corp this stock	$541.34M	-32.0%	+66.2%	—	6.7%
NVDA Nvidia Corp	$5.01T	+12.1%	+125.9%	31.7	1.3%
TSM Taiwan Semiconductor Manufacturing Co Ltd	$2.09T	+37.1%	—	—	0.6%
AVGO Broadcom Inc.	$1.82T	+13.8%	+7.9%	63.6	1.4%
SKHY SK hynix Inc.	$1.10T	—	—	—	0.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

95

% held: 22.3%
Reported: 21 of 90
Top holder: Anson Funds Management LP

Held Float

View

Short & Settlement

Short Interest Rising

Shares short

14.8M

Days to cover: 1.1d
Change: +962.1K sh

View

Short Volume

Short vol %

70%

As of: Jul 24, 2026

Short Total

View

Fails to Deliver

FTD shares

1.7M

Value: $5.3M
As of: Jun 30, 2026

View

Off-Exchange

Off-exchange %

67.0%

Week of: May 4, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$378.6K

Buyers / Sellers: 0 / 4

Buyers Sellers

View

Financials

Revenue (FY)

$18.3M

Net income (FY): $-34.2M
EPS diluted: $-0.60

View

Filings

SEC Filings

Latest

6-K

Filed: Jul 8, 2026
This year: 27

View

Exempt Offerings

Offering

$105.2M

Filed: Oct 22, 2025

View

Earnings & Events

Earnings Calls

Last call

Apr 1, 2026

View

	5D	20D	120D	MTD	YTD
LAES	+5.3%	-20.4%	-40.5%	-18.4%	-32.0%
SPY	-1.7%	+0.7%	+6.4%	-1.2%	+8.3%
vs SPY	+7.0%	-21.1%	-46.9%	-17.3%	-40.3%

LAES · SEALSQ Corp

Price & Indicators

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Equibles Research

Equibles Rating

Guidance & track record

Technicals

Versus peers

At a glance

Performance