Sequans shares surge 15.02% intraday after showcasing 5G eRedCap and RF tech at MWC 2026.

Sequans Communications (SQNS) surged 15.02% intraday following the announcement of its third-generation 5G eRedCap semiconductor platform, including Monarch 3 and Calliope 3 chips, at Mobile World Congress 2026. The company highlighted these innovations as enablers of 4G-to-5G migration, emphasizing extended device lifecycles, improved power efficiency, and cost optimization for IoT applications. Additionally, Sequans showcased its Iris RF transceiver for software-defined radio and expanded 5G IP licensing, reinforcing its market leadership in cellular IoT. The CEO underscored the strategic significance of these advancements for next-generation connectivity, aligning with investor enthusiasm for the company’s future-proof roadmap. The intraday rally directly reflects market optimism over Sequans’ technological breakthroughs and growth potential in the evolving 5G landscape.