v3.26.1
Segment information
 12 Months Ended
Dec. 31, 2025
Operating segments [Abstract]  
Segment information Segment information and Disaggregated Revenue Disclosures
The Company has one operating segment, which is the design and marketing of semiconductor components for cellular and other wireless systems. All information required to be disclosed under IFRS 8 Operating Segments is shown in the Consolidated Financial Statements and these associated Notes.
Sales to external customers disclosed below are based on the geographical location of the customers to which the Company invoices. The following table sets forth the Company’s total revenue by region for the periods indicated.
Year ended December 31,
202320242025
(in thousands)
Asia :
  China (including Hong Kong)$21,702 $11,458 $7,261 
  Taiwan29 468 893 
  Japan 49 696 1,960 
  Rest of Asia43 47 436 
     Total Asia21,823 12,669 10,550 
Germany1,001 687 629 
France1,285 1,405 2,957 
United States of America8,666 20,368 9,248 
Rest of world (no single country representing more than 10%)841 1,702 2,941 
Total revenue$33,616 $36,831 $26,325 
Of our total revenue, 88.8% is attributable to international sales for the year ended December 31, 2025 (96.2% for 2024 and 96.2% for 2023).
The Company categorizes its total revenue based on technology.
Year ended December 31,
202320242025
(in thousands)
Cellular IoT systems$33,616 $36,831 $22,709 
Radio transceivers for all wireless systems— — 3,616 
Total revenue$33,616 $36,831 $26,325 
Additionally, the Company categorizes its total revenue based on product, license and services revenue.
Year ended December 31,
202320242025
(in thousands)
Product revenue, transferred at a point of time$8,060 $12,007 $15,489 
License revenue, transferred at a point of time2,846 19,353 8,036 
License revenue, transferred over time20,151 3,230 — 
Development and other services transferred at a point of time23 — 1,164 
Development and other services transferred over time2,536 2,241 1,062 
Royalties— — 574 
Total revenue$33,616 $36,831 $26,325 
License revenue includes partial deliveries of Intellectual Property under a 5G broadband license and under a Monarch2 manufacturing license to Qualcomm in the years ended December 31, 2024 and 2025, and in years ended December 31, 2023 and 2024, license fees from agreements signed with strategic partners (See Note 22 to these Consolidated Financial Statements).
Development and other services include revenues recognized under contracts for various software customization and other engineering services.
The substantial majority of the Company’s current and non-current assets are held by the parent company, Sequans Communications S.A. and located in France. See Note 23.3 to these Consolidated Financial Statements for information about major customers.