QuickLogic (QUIK) Earnings Date & Reports

Key Takeaways

• Revenue from continuing operations reached $5.1 million, up 16.8% year over year and 35.3% sequentially.
• New product revenue rose to $4.3 million, increasing 14.5% from the prior-year quarter.
• Non-GAAP net loss widened to $1.3 million, or $0.08 per share, missing analyst expectations.
• GAAP gross margin stood at 36.5%, while non-GAAP gross margin was 39.6%.
• Company highlighted new contracts for RadPro FPGA and eFPGA IP on advanced process nodes.
• Shares declined following the release amid the earnings miss.

Earnings Context and Why It Matters

QuickLogic Corporation specializes in embedded FPGA (eFPGA) hard IP, radiation-hardened FPGAs, and programmable logic solutions targeted at aerospace, defense, industrial, and computing markets. The fiscal first quarter 2026 results reflect ongoing transition toward higher-margin IP and services revenue. Investors monitor these reports closely because revenue growth from new products signals progress on strategic initiatives such as Intel 18A and RadPro development, which are central to the company’s long-term positioning in specialized semiconductor segments.

Reported Results

For the fiscal first quarter ended March 29, 2026, QuickLogic reported total revenue from continuing operations of $5.1 million. This figure represented a 16.8% increase from $4.3 million in the year-earlier quarter and a 35.3% rise from $3.7 million in the fourth quarter of fiscal 2025. New product revenue reached approximately $4.3 million, up 14.5% year over year. Mature product revenue contributed $0.8 million.

GAAP gross margin from continuing operations was 36.5%, compared with 43.4% a year earlier. Non-GAAP gross margin was 39.6%. GAAP operating expenses totaled $4.0 million. The company posted a GAAP net loss of $2.2 million, or $0.13 per share, unchanged in dollar terms from the prior-year quarter but narrower on a per-share basis. Non-GAAP net loss was $1.3 million, or $0.08 per share, wider than the $1.1 million, or $0.07 per share, loss recorded in the first quarter of 2025.

Revenue and earnings per share both fell short of consensus analyst estimates. The company did not issue formal forward guidance in the earnings release.

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Market Reaction and Investor Sentiment

Shares of QuickLogic declined after the earnings release, with reports indicating a drop of approximately 15% in after-hours trading. The reaction reflected disappointment over the revenue and earnings misses, despite sequential improvement and progress on key development contracts. Investor focus centered on the company’s ability to convert design wins into sustained revenue growth.

Forward Outlook and Key Factors to Monitor

Management emphasized momentum in the Storefront initiative, citing initial shipments of the RadPro FPGA development kit and new contracts, including a seven-figure agreement for a test chip on GlobalFoundries 12LP and a mid-six-figure contract for eFPGA enhancements targeting Intel 18A technology.

Investors will track execution on these programs and any additional design wins in aerospace, defense, and industrial applications. Sequential revenue trends and gross margin stability remain important, given the company’s shift toward IP and services. Cash position improved to approximately $6 million net at quarter end.

Upcoming catalysts include further updates on RadPro adoption and potential government or commercial contract awards. Operating expense control and the pace of new product contributions will influence profitability trends in coming quarters.

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