Slide 1: Investor Presentation
Investor Presentation Cellular IoT and Software-Defined Radio semiconductors September 2026 NYSE: SQNS
Slide 2: Safe Harbor
Safe Harbor This presentation contains certain statements that are, or may be deemed to be, forward-looking statements with respect to financial condition, results of operations and business of Sequans, product revenue pipeline, bitcoin treasury and business strategy for 2026 and beyond. These forwa
Slide 3: Sequans at a glance
COMPANY OVERVIEW Sequans at a glance Leading Provider of Semiconductors for Cellular IoT and Software-Defined Radio COM PANY PROFILE Founded 2003, headquartered in France $18.3M1 $13.5M Full-year 2025 revenue1 First-half 2026 revenue People More than 200 employees, about 80% $26.3M including non-rec
Slide 4: Two decades of innovation
WHERE WE ARE NOW Two decades of innovation Unique expertise in Designing Advanced Radio and Baseband Integrated Chipset WiMAX 2003–2011 4G CELLULAR IoT 2011–2024 4G, 5G AND SDR 2025 ONWARD 2003 2011 2017 2024 2025 2026 2027–28 Founded NYSE listing Cellular IoT Qualcomm deal SDR launch Refocused Next
Slide 5: Two addressable markets, one technology platform
MARKET OPPORTUNITY Two addressable markets, one technology platform $4B Cellular IoT chipset and module market in 2025 $800M RF transceiver market for software-defined radio in 2025 $7.0B $1.6B $6.0B $1.4B $1.2B $5.0B $1.0B $4.0B $0.8B $3.0B $0.6B $2.0B $0.4B $1.0B $0.2B $0.0B $0.0B 2025 2026 2027 2
Slide 6: Portfolio for IoT and Software Defined Radio Applications
PRODUCT PORTFOLIO Portfolio for IoT and Software Defined Radio Applications High-performance, low-power, integrated RF and Baseband Semiconductors Monarch Calliope Iris Low-power cellular IoT Mid-speed cellular IoT Software-defined radio Up to 1 Mbps Up to 10 Mbps Drone, defense and space Monarch 2
Slide 7: Well positioned across key markets
END MARKETS Well positioned across key markets Cellular IoT Software-Defined Radio Smart Meters Asset Tracking Industrial Healthcare Payment Drones Space Telematics Security Systems Smart City Wearable Infrastructure Communication Detection Select customers 07
Slide 8: Transforming the product design pipeline into revenue
DESIGN-WIN PIPELINE Transforming the product design pipeline into revenue Strong design momentum in cellular IoT, and first designs with RF transceivers STAGE 01 STAGE 02 STAGE 03 >$600M1 >$300M1 $165M1 Qualified opportunities Design wins In mass production Customers actively evaluating a Sequans so
Slide 9: More design-wins are reaching mass production
CONVERSION More design-wins are reaching mass production Converting Pipeline into Revenue Three-year revenue potential in mass production $200M $180M $160M $165M 55% $140M $132M of tracked design-win value is in mass $120M production $100M Up from 20% in Q2 2025 and 44% in Q4 2025, on a design- $80M
Slide 10: Q2 Financial Overview
FINANCIAL POSITION Q2 Financial Overview +87% +25% $11.9M Year Over Year sequential growth growth Q2 2026 R&D and SG&A expense Cost reduction initiatives remain on track for lower operating expense in the $4.0M second half. $7.5M BALANCE SHEET at 6/30/2026 $6.9M $6.0M ~$20M CASH + ₿ 314 $4.0M • Bitc
Slide 11: IP licensing complements the product business
LICENSING IP licensing complements the product business Two revenue streams from the same engineering base PRODUCT REVENUE IP LICENSING AND SERVICES The operating foundation An additional source of value • Customer production ramps generate chip and module sales • Several engagements under discussio
Slide 12: 5G eRedCap extends Sequans’ IP leadership
5G LEADERSHIP 5G eRedCap extends Sequans’ IP leadership Monarch 3 and Calliope 3 bring 5G NR eRedCap, with 4G fallback, to customers already shipping Sequans silicon. First revenues expected in 2028. Monarch 3 Calliope 3 Successor to Monarch 2 (LTE-M / NB-IoT) Successor to Calliope 2 (LTE Cat 1bis)
Slide 13: Iris extends Sequans beyond cellular IoT
SOFTWARE-DEFINED RADIO Iris extends Sequans beyond cellular IoT A wideband RF transceiver family acquired in 2025, now winning its first Sequans designs. First Sequans design win: A drone program secured in Q2 2026 using Iris Proven silicon, not a new programme: Iris was acquired by Sequans in Janua
Slide 14: Setting the stage for sustainable growth
SUMMARY Setting the stage for sustainable growth 1 Product growth 4 A clean balance sheet Q2 2026 product revenue up > 80% year over year as design Bitcoin treasury exit completed. No convertible debt and no wins convert into production shipments cryptocurrency holdings 2 Improved visibility 5 Two g
Slide 15: Thank you
Thank you Focused on semiconductor growth INVESTOR RELATIONS David Hanover / Rob Kelly ir@sequans.com sequans.com NYSE: SQNS