SQNS
Sequans Communications S.A.
SQNS lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
SQNS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Stable |
SQNS's balance sheet is currently stable, but its revenue, profitability and cash flow are under pressure.
SQNS PE Valuation
SQNS has no meaningful PE right now: it lost money over the past year.
SQNS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SQNS's losses to shrink, with revenue growing.
SQNS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$11.33 | -622% |
| Q1 2026 | -$11.04 | -540% |
| Q4 2025 | -$7.43 | -420% |
| Q3 2025 | -$1.21 | -172% |
| Q2 2025 | $2.17 | +$3.80 |
| Q1 2025 | $2.51 | +$4.52 |
| Q4 2024 | $2.32 | +$4.11 |
| Q3 2024 | $1.69 | +$3.03 |
SQNS has swung to a loss: it lost $11.33 per share over the past year, after a profit the year before.
SQNS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $7.5M | -8.4% |
| Q1 2026 | $6.1M | -25% |
| Q4 2025 | $7M | -37% |
| Q3 2025 | $4.3M | -57% |
| Q2 2025 | $8.1M | -16% |
| Q1 2025 | $8.1M | +34% |
| Q4 2024 | $11M | +131% |
| Q3 2024 | $10.1M | +29% |
SQNS's revenue has slid since its 2022 peak: $7M last quarter, down 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -127% | -20 points |
| Q1 2026 | -157% | -72 points |
| Q4 2025 | -128% | -81 points |
| Q3 2025 | -477% | -1339 points |
| Q2 2025 | -107% | -69 points |
| Q1 2025 | -85% | +57 points |
| Q4 2024 | -47% | +217 points |
| Q3 2024 | 863% | +964 points |
SQNS's operating margin was −127% last quarter, down 20 points from the same quarter a year ago.
SQNS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$9.8M | -$7.3M |
| Q1 2026 | -$16.1M | -$6.2M |
| Q4 2025 | -$2.2M | +$27.6M |
| Q3 2025 | -$14.9M | -$11.6M |
| Q2 2025 | -$2.4M | -131% |
| Q1 2025 | -$9.8M | +$4.1M |
| Q4 2024 | -$29.8M | -$18.2M |
| Q3 2024 | -$3.3M | +$2.6M |
SQNS has burned cash in almost every quarter: −$43M over the past year, against −$45M the year before.
SQNS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.5% | +1M shares |
| 1 year | -41% | -10.4M shares |
| 3 years | -34% | -7.9M shares |
| 5 years | +0.9% | +136K shares |
| Available history | +58% | +5.5M shares |
SQNS has 15M diluted shares, down 41% from a year ago, with $10M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $936,391 |
| Q4 2025 | $9.4M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SQNS spent $10M buying back its own shares over the past year, after none the year before.
SQNS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | 0.0x | Very low |
| Q3 2024 | -1.4x | Net Cash |
| Q3 2023 | 11.5x | High |
| Q2 2023 | 4.5x | High |
| Q1 2023 | 3.1x | Elevated |
SQNS's net debt is about 1.6 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
SQNS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.3 | Neutral |
| Stochastic | 25.3 | Neutral |
SQNS's weekly RSI is 38 (neutral) and its Stochastic is 25 (neutral).
SQNS PE vs Technology Sector
SQNS has no meaningful PE right now: it lost money over the past year.
SQNS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.61 | 6.5% below |
| 20 week MA | $2.77 | 12% below |
| 50 week MA | $3.42 | 29% below |
| 100 week MA | $11.0 | 78% below |
| 200 week MA | $28.3 | 91% below |
SQNS is in a downtrend: it's below all five of its weekly moving averages, and 91% below its 200-week average.
SQNS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.0 | $157.3 | +110% |
| 2021 | $157.3 | $120.0 | -24% |
| 2022 | $120.0 | $72.0 | -40% |
| 2023 | $72.0 | $70.8 | -1.7% |
| 2024 | $70.8 | $33.9 | -52% |
| 2025 | $33.9 | $4.76 | -86% |
| 2026 YTD | $4.76 | $2.44 | -49% |
SQNS has finished five years in a row lower, and it's down 49% so far in 2026.