For networked uncertain sensor systems (NUSSs) with an improved unified sensor model with “hard” and “soft” sensors including five uncertainties plus two-step random measurement delays and colored measurement noises, applying the block matrix inversion formula, a new sequential inverse covariance fusion (SICF) approach is presented. It can sequentially compute the global inverse covariance according to the time order of the received data, but need not wait until all data are received. The corresponding minimax robust time-varying and steady-state sequential fusion (SF) Kalman estimators (predictor, filter, and smoother) are presented in the sense that their actual error variances are guaranteed to have the corresponding minimal upper bounds for all admissible uncertainties. They have lower computation complexities and higher accuracies equivalent to ones of the robust optimal batch-fusion (BF) Kalman estimators, and are suitable for real-time applications. Their asymptotic equivalence, absolute asymptotic stability, and accuracy relations are proved. Their strict complexity analysis is given. They constitute a novel universal robust SF estimation, convergence and stability theory for NUSSs. One simulation example applied to the uncertain ARMA signal processing verifies the effectiveness of the proposed approach and theory.