Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sequans Communications's retained earnings for the quarter that ended in Jun. 2026 was $-231.06 Mil.
Sequans Communications's quarterly retained earnings
declined
from Dec. 2025 ($-145.07 Mil) to Mar. 2026 ($-199.39 Mil) and
declined
from Mar. 2026 ($-199.39 Mil) to Jun. 2026 ($-231.06 Mil).
Sequans Communications's annual retained earnings
increased
from Dec. 2023 ($-93.42 Mil) to Dec. 2024 ($-36.32 Mil) but then
declined
from Dec. 2024 ($-36.32 Mil) to Dec. 2025 ($-145.07 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Sequans Communications Retained Earnings Historical Data
* Premium members only.
The historical data trend for Sequans Communications's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of $-231.06 Mil mean?
Sequans Communications (SQNS) has a Retained Earnings of $-231.06 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sequans Communications and its competitors.
Is Sequans Communications' Retained Earnings too high?
Sequans Communications' current Retained Earnings is $-231.06 Mil. Overall, Sequans Communications has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sequans Communications' Retained Earnings compare to PXLW and NA?
Sequans Communications' Retained Earnings of $-231.06 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Semiconductors company?
A good Retained Earnings depends on the Semiconductors industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Sequans Communications and its competitors. Sequans Communications's current Retained Earnings is $-231.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sequans Communications stock overvalued right now?
Based on GuruFocus' analysis, Sequans Communications (SQNS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.80, compared to a current price of $2.91 — trading 39.4% below its estimated fair value. The current Retained Earnings is $-231.06 Mil. Sequans Communications' overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Sequans Communications (SQNS), the current Retained Earnings is $-231.06 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sequans Communications (SQNS) Overvalued in 2026?
Based on GuruFocus' analysis, Sequans Communications stock appears to be undervalued.
The current stock price of $2.91 is trading 39.4% below its estimated GF Value™ of $4.80.
GuruFocus considers Sequans Communications to be Possible Value Trap.
Key valuation signals for SQNS:
Retained Earnings: $-231.06 Mil
GF Value™: $4.80 vs. price of $2.91 (39.4% below fair value)
No single metric tells the full story. See the SQNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sequans Communications SA is a fabless semiconductor company specializing in wireless 4G and 5G cellular technologies for the Internet of Things (IoT). Sequans' engineers design and develop, secure, and energy-efficient semiconductor solutions that enable the next generation of AI-connected applications, including smart energy metering, industrial automation, smart mobility and logistics, secure payments, e-health, and smart home solutions. The Company offers a comprehensive portfolio of wireless connectivity solutions, including radio frequency (RF) transceivers, integrated circuits (ICs) for baseband processing, as well as modules, software, & protocol stacks. The Company has one operating segment, which is the design & marketing of semiconductor components for cellular wireless systems.
47GF Score
Get the complete analysis for SQNS
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SQNS has been successfully added to your 
