Sequans revenue up 182.8% year-over-year… net loss of $1,478,000

Sequans Communications ($SQNS) reported preliminary, unaudited third-quarter 2026 revenue of $9.09 million, up 182.8% year-over-year and 21.9% above the prior quarter's $7.459 million, alongside a net loss of $1.478 million. The year-over-year comparison reflects revised prior-year figures of $3.214 million after purchase accounting and audit adjustments, and product revenue more than quadrupled to account for most of total sales. Gross margin expanded to 33.0% from 25.3% a year earlier. The results matter as an early signal of whether Sequans' cellular IoT product ramp can sustain growth while narrowing losses. Next, watch for finalized audited figures and whether product-driven revenue growth continues into the fourth quarter.