Sequans Communications Management
Management criteria checks 2/4
Sequans Communications' CEO is Georges Karam, appointed in Jan 2003, has a tenure of 23.33 years. directly owns 1.15% of the company’s shares, worth $620.82K. The average tenure of the management team and the board of directors is 6.9 years and 10.9 years respectively.
Key information
Georges Karam
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 23.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 6.9yrs |
| Board average tenure | 10.9yrs |
Recent management updates
Recent updates
Narrative Update • May 03
SQNS: Higher Revenue Outlook Will Drive Long Term Earnings Repricing
Analysts have trimmed their average price target on Sequans Communications to $12.50 from $20.67, citing updated assumptions that combine stronger revenue growth expectations with a lower profit margin outlook and a higher future P/E multiple. Analyst Commentary Recent research notes on Sequans Communications have focused on recalibrated price targets that now sit closer to the new average of $12.50, with analysts updating their models around revenue growth prospects, margin structure, and the P/E multiple they are willing to apply.
Narrative Update • Apr 18
SQNS: Recalibrated Expectations And Margin Execution Will Drive Future Upside
Analysts have reduced their fair value estimate for Sequans Communications from $35.00 to $20.00, citing recent price target cuts from multiple firms as well as updated assumptions on growth, margins and future P/E. Analyst Commentary Recent Street research on Sequans Communications has focused on revised price targets and refreshed assumptions around growth, margins and future P/E, with several firms updating their views in close succession.
Narrative Update • Apr 04
SQNS: Execution And Earnings Delivery Will Determine Future Upside Potential
Narrative Update Analysts have reduced their price targets on Sequans Communications by $3 to $15, reflecting updated views on the stock while keeping fair value assumptions broadly unchanged. Analyst Commentary Bearish analysts have trimmed their price targets on Sequans Communications by amounts ranging from $3 to $15, signaling a more cautious stance on what they see as the company’s risk and reward profile at current levels.Narrative Update • Mar 20
SQNS: Execution On Revenue And Margins Will Drive Future Upside Potential
Analysts have trimmed their price targets on Sequans Communications by $3 to $15, reflecting updated views on the company that align with only modest tweaks to revenue growth, profit margin, and future P/E assumptions in the latest valuation work. Analyst Commentary Recent Street research points to a more cautious stance on Sequans Communications, with several bearish analysts trimming their price targets by US$3 to US$15.Narrative Update • Mar 06
SQNS: Stronger Revenue Outlook And Margins Will Support Future Upside
Analysts have lowered their price targets on Sequans Communications by $3 to $15, reflecting updated views on revenue growth, profit margins, and future P/E assumptions, while keeping the fair value estimate broadly unchanged. Analyst Commentary Recent research updates on Sequans Communications point to a more cautious tone, with several bearish analysts trimming their price targets.Narrative Update • Feb 20
SQNS: Higher Revenue Outlook And Leaner Margins Will Drive Future Earnings
Analysts have reduced their price target on Sequans Communications from $11.00 to $8.00, citing updated assumptions that include higher projected revenue growth, lower expected profit margins, and a higher forward P/E multiple in recent research updates from several firms. Analyst Commentary Bearish analysts are trimming their expectations for Sequans Communications, with several research updates pointing to lower price targets concentrated over a short period.Analysis Article • Feb 12
Time To Worry? Analysts Are Downgrading Their Sequans Communications S.A. (NYSE:SQNS) Outlook
Today is shaping up negative for Sequans Communications S.A. ( NYSE:SQNS ) shareholders, with the analysts delivering a...Narrative Update • Feb 06
SQNS: Higher Revenue And Margin Assumptions Will Support Stronger Future Earnings
Analysts have increased their fair value estimate for Sequans Communications from US$3.50 to US$11.00, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E multiple as the main drivers of the change. Valuation Changes Fair value estimate revised from US$3.50 to US$11.00 per share.Narrative Update • Jan 23
SQNS: Bitcoin Buybacks And Design Wins Will Drive Future Upside
Analysts have trimmed their price target on Sequans Communications to US$35 from US$75, citing softer Q3 sales tied to project timing and supply constraints. They also noted expectations that Q4 could reflect benefits from the company’s expanding 3 year design wins and bitcoin funded buyback activity.Narrative Update • Jan 08
SQNS: Buybacks And Expanding Design Wins Will Drive Future Upside
Analysts have reset their price target on Sequans Communications to $35, down from a split adjusted $75, citing softer Q3 sales tied to project timing and supply constraints, but pointing to expected Q4 recovery supported by expanding 3 year design wins and the company's bitcoin redemption for share buybacks, alongside a fresh Buy initiation at $13 from another firm. Analyst Commentary Bullish analysts are framing the recent pullback in expectations as more about timing and supply constraints than a shift in the long term story, and they are still anchoring on higher valuation potential for Sequans Communications over time.Narrative Update • Dec 14
SQNS Will See Buybacks And Design Wins Drive Future Upside
Analysts have reduced their price target on Sequans Communications to $35.00 from $75.00, citing near term sales shortfalls tied to project timing and supply constraints, but highlighting accelerating design wins and strategic capital deployment as support for a still constructive outlook. Analyst Commentary Bullish analysts acknowledge near term execution headwinds but argue that the medium term investment case for Sequans remains intact, supported by a growing portfolio of design wins and a more shareholder friendly capital allocation strategy.Narrative Update • Nov 29
SQNS: Share Buybacks And Expanding Design Wins Will Drive Q4 Recovery
Analysts have lowered their price target for Sequans Communications from $21.33 to $20.67, citing near-term sales headwinds. However, they maintain a positive view on future design wins and an improving revenue growth outlook.Narrative Update • Nov 15
SQNS: Share Buybacks And Design Wins Will Drive A Fourth Quarter Recovery
Sequans Communications' analyst price target has been lowered significantly from $41 to approximately $21.33. Analysts cite weaker-than-expected third quarter sales, ongoing supply chain challenges, and the company's evolving strategies as primary factors driving the revision.Analysis Article • Nov 06
What You Need To Know About The Sequans Communications S.A. (NYSE:SQNS) Analyst Downgrade Today
The latest analyst coverage could presage a bad day for Sequans Communications S.A. ( NYSE:SQNS ), with the analysts...Narrative Update • Oct 31
SQNS: Recent Bitcoin Treasury Initiative Will Drive Long-Term Shareholder Value
Analysts have maintained their price target for Sequans Communications at $41.00. This reflects continued optimism due to the company's recent strategic initiatives and coverage initiations that emphasize long-term growth potential.Narrative Update • Oct 16
IoT And 5G Expansion Will Advance Markets Despite Bitcoin Risks
Analysts have lowered their fair value target for Sequans Communications from $55.00 to $41.00. This decision is based on adjustments to revenue growth forecasts, profit margin expectations, and observations regarding the company’s evolving bitcoin treasury strategy.Seeking Alpha • Sep 26
Sequans Communications: Between Chips And Bitcoin, A Hold (Downgrade)
Summary Sequans Communications is now rated Hold as dilution risk overshadows the value of its Bitcoin treasury and core IoT business. SQNS holds 3,200 BTC, but the fully diluted share count drops the Bitcoin floor value per share below current trading levels. The IoT chip business shows promise with Cat-1bis and RedCap, but revenue and margin volatility persist, requiring execution and scale. Ongoing equity issuance to fund Bitcoin accumulation creates uncertainty; clear dilution caps and capital allocation transparency are needed for a more constructive view. Read the full article on Seeking AlphaNarrative Update • Sep 19
IoT And 5G Expansion Will Advance Markets Despite Bitcoin Risks
Analysts have sharply raised Sequans Communications’ price target from $5.50 to $55.00, driven by a transformative bitcoin treasury strategy, strengthened balance sheet from a $384M capital raise, and expectations of long-term value beyond its semiconductor core. Analyst Commentary The launch of a bitcoin treasury strategy marks a major strategic shift for Sequans, signaling diversification beyond its core semiconductor business.Narrative Update • Sep 04
IoT And 5G Expansion Will Advance Markets Despite Bitcoin Risks
Sequans Communications’ consensus price target remained steady at $5.50 as analysts balanced the company’s strategic shift to a bitcoin treasury, supported by a $384M private placement, with its efforts to diversify away from semiconductor cycles and potentially enhance shareholder value through crypto asset exposure. Analyst Commentary Implementation of a bitcoin treasury strategy, signaling a major strategic shift from the core chip business.New Narrative • May 11
Monarch And Calliope Projects Will Advance 5G IoT Amid Tensions
Sequans expects significant revenue growth from Monarch and Calliope chip projects, accelerated by increased demand in telematics, security, and industrial markets.Seeking Alpha • Jun 30
Sequans: Finally Ready To Achieve Its Potential
Summary Sequans, a developer and provider of 5G and 4G chips and modules for IoT devices, is expected to provide significant upside with its stock potentially doubling over the next year. The company's Taurus 5G chips are expected to capitalize on the growing 5G/4G Cellular IoT market, projected to exceed $3 billion by 2025. SQNS can achieve $125M+ of annualized product design wins by 2023YE, not reflecting the “opportunity pipeline” where SQNS is likely to solidify new 5G chip relationships and receive up-front payments. The company is set to become a leader in the 5G chip market with its “Taurus” line and is expected to capitalize on the growing 5G/4G Cellular IoT market, projected to exceed $3 billion by 2025. The company is also a potential takeout candidate, with a target price of $6-8 per share based on 4-5x EV/sales valuation. Read the full article on Seeking AlphaAnalysis Article • Apr 05
Does Sequans Communications (NYSE:SQNS) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Feb 19
The Consensus EPS Estimates For Sequans Communications S.A. (NYSE:SQNS) Just Fell Dramatically
Market forces rained on the parade of Sequans Communications S.A. ( NYSE:SQNS ) shareholders today, when the analysts...Seeking Alpha • Feb 14
Sequans Communications Non-GAAP EPADS of -$0.06 misses by $0.02, revenue of $15.9M misses by $0.35M
Sequans Communications press release (NYSE:SQNS): Q4 Non-GAAP EPADS of -$0.06 misses by $0.02. Revenue of $15.9M (+15.2% Y/Y) misses by $0.35M. Q1 Outlook: Taking into consideration the impact of excess inventory primarily at one key customer, the delay of design win project launches, and the historically seasonally lower activity in the first quarter, management is targeting revenues of around $12 million vs consensus of $14.88M, with 70% gross margin for the quarter ending March 31, 2023.Analysis Article • Dec 17
Here's Why Sequans Communications (NYSE:SQNS) Can Afford Some Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Nov 02
Sequans Communications Non-GAAP EPADS of $0.01 beats by $0.03, revenue of $16.5M beats by $0.8M
Sequans Communications press release (NYSE:SQNS): Q3 Non-GAAP EPADS of $0.01 beats by $0.03. Revenue of $16.5M (+38.7% Y/Y) beats by $0.8M. Taking into consideration current customer demand and the ongoing impact of supply chain constraints on the Company's ability to ship orders, management expects revenue to be flat or slightly down sequentially for the quarter ending December 31, 2022, while still representing significant growth compared with the fourth quarter of 2021, with gross margin expected to exceed 65%.CEO
Georges Karam (63 yo)
23.3yrs
Tenure
Dr. Georges Karam founded Sequans Communications S.A. in 2003 and has been its Chief Executive Officer since 2003. Dr. Karam serves as the President of Sequans Communications S.A. Dr. Karam served as Vice...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.3yrs | no data | 1.15% $ 620.8k | |
| Chief Financial Officer | 18.8yrs | no data | 0.12% $ 65.5k | |
| Chief Technology Officer | 1.3yrs | no data | 0.063% $ 33.7k | |
| Executive Vice President of Worldwide Sales | 9.7yrs | no data | 0.096% $ 51.7k | |
| Executive VP of Marketing & Strategy | 2.9yrs | no data | 0.062% $ 33.6k | |
| Chief of Staff & Acting VP of Engineering | no data | no data | 0.19% $ 100.1k | |
| Executive Vice President of Product Management | 4.1yrs | no data | 0.076% $ 40.8k |
6.9yrs
Average Tenure
60yo
Average Age
Experienced Management: SQNS's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.3yrs | no data | 1.15% $ 620.8k | |
| Independent Director | 9.9yrs | no data | 0.00016% $ 86.2 | |
| Independent Director | 19.5yrs | no data | 0.13% $ 67.4k | |
| Independent Director | 7.9yrs | no data | 0.13% $ 67.4k | |
| Independent Director | 15.2yrs | no data | 0.0027% $ 1.4k | |
| Independent Director | 2.9yrs | no data | 0% $ 0 | |
| Lead Independent Director | 11.9yrs | no data | 0.030% $ 16.1k | |
| Director | less than a year | no data | no data |
10.9yrs
Average Tenure
63yo
Average Age
Experienced Board: SQNS's board of directors are seasoned and experienced ( 10.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 23:55 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sequans Communications S.A. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tristan Gerra | Baird |
| Scott Searle | Benchmark Company |
| Gary Mobley | Benchmark Company |