QuickLogic Announces $13 Million Contract Award for its Strategic Radiation Hardened Program

QuickLogic (NASDAQ: QUIK) announced a $13 million contract award on February 18, 2026 to support continued development and demonstration of its Strategic Radiation Hardened (SRH) high‑reliability FPGA technology.

Rhea-AI Summary

QuickLogic (NASDAQ: QUIK) announced a $13 million contract award on February 18, 2026 to support continued development and demonstration of its Strategic Radiation Hardened (SRH) high‑reliability FPGA technology.

This award is the latest tranche of a multi‑year program that began in August 2022 and aims to meet Department of War (DoW) strategic and space system requirements, with QuickLogic continuing as Prime Contractor.

Positive

• $13 million contract awarded to fund SRH FPGA development
• Continuation of a multi‑year program initiated in August 2022
• Maintains role as Prime Contractor for mission‑critical DoW program

Negative

• Contract details lack a disclosed revenue recognition timeline or milestones

Argus Feb 18 session

+8.46% close to close Open Argus

Details

News Market Reaction – QUIK

On Feb 18, the day this news came out, QUIK closed 8.46% above the previous close.

Data tracked by StockTitan Argus for the Feb 18 session.

Key Figures

Contract value: $13 million Program initiation date: August 2022 Price move: 8.92% +5 more

Contract value

$13 million

Latest tranche of multi-year SRH program

Program initiation date

August 2022

Start of multi-year Strategic Radiation Hardened program

Price move

8.92%

24h change ahead of/around contract announcement

Volume vs avg

3.2x

517,879 shares vs 20-day avg 161,732

Shelf capacity

$125,000,000

Total amount under S-3 shelf registration

ATM program size

$20,000,000

At-the-market equity program with Needham & Company

Outstanding shares

16,426,948

Common shares outstanding as of August 8, 2025

52-week range

$4.26–$9.265

52-week low and high for QUIK

Historical Context

5 past events · Latest: Feb 11

5 events

1. Feb 11

   Conference participation

   24h Move

   +0.7%

   Chiplet Summit 2026 exhibit and technical session announcement.

2. Feb 05

   Earnings date set

   24h Move

   -2.8%

   Scheduled Q4 and full-year 2025 results call on Mar 3, 2026.

3. Jan 14

   Defense kit orders

   24h Move

   +6.7%

   Orders for Strategic Radiation Hardened FPGA Development Kit on 12 nm process.

4. Dec 18

   Contract expansion

   24h Move

   +10.1%

   Expanded SRH FPGA contract scope, raising ceiling to about $88 million.

5. Dec 09

   Design win

   24h Move

   +1.8%

   University of Saskatchewan selects eFPGA Hard IP for StarRISC MCU.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

embedded fpga (efpga), field programmable gate array (fpga), radiation hardened, endpoint ai, +1 more

5 terms

embedded fpga (efpga) technical

"QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions"

An embedded FPGA (eFPGA) is a small, reprogrammable block of digital circuitry built directly into a semiconductor chip that lets designers change hardware behavior after the chip is manufactured—like having a set of Lego pieces inside a device that can be rearranged to add or tweak features. For investors, eFPGAs matter because they can extend a product’s useful life, speed time-to-market for new features, reduce recall or redesign costs, and create recurring licensing or customization revenue, all of which affect a company’s competitiveness and margins.

field programmable gate array (fpga) technical

"Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology"

A field programmable gate array (FPGA) is a computer chip that can be reconfigured after manufacturing to perform different digital tasks, much like rearranging the furniture in a room to serve a new purpose. For investors, FPGAs matter because they offer companies flexible, high-performance hardware that can be updated for new features or standards without replacing the chip, affecting product lifecycles, development costs and competitive advantage in tech-driven markets.

radiation hardened technical

"Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology"

Radiation hardened describes electronic parts or systems designed to keep working when exposed to high levels of radiation, such as from space, nuclear environments or certain medical equipment. Think of them as ruggedized devices with extra shielding and design tweaks so they don’t fail when hit by energetic particles. Investors care because these specialized components sell at higher prices, are critical for mission‑critical customers, and often command long contracts and higher barriers to competition.

endpoint ai technical

"a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions"

Endpoint AI is artificial intelligence that runs directly on devices like smartphones, sensors, cameras, or factory machines instead of sending data to remote servers. For investors, it matters because running intelligence at the device reduces delay, lowers ongoing cloud costs, and can improve privacy and reliability—like having a translator in your pocket instead of calling a distant service—and this can create new product markets and different revenue models.

defense industrial base (dib) regulatory

"meet the rigorous demands of the Aerospace and Defense Industrial Base (DIB)"

Defense industrial base (DIB) is the network of companies, suppliers, factories and skilled workers that design, build, test and maintain military equipment, weapons, and related services. Investors care because the DIB channels government defense spending into real products and jobs—changes in contracts, policy, or supply chains can quickly affect many firms’ revenues, valuations and investment risk; think of it as the transportation and factory system that keeps an entire sector running.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Award represents the latest tranche of the multi-year program initiated in August 2022

SAN JOSE, Calif., Feb. 18, 2026 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, ruggedized FPGAs, and endpoint AI solutions, announced today it has been awarded a $13 million contract. This funding will support the continued development and demonstration of Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array (FPGA) technology. The initiative aims to meet current and future Department of War (DoW) strategic and space system requirements.

"QuickLogic is honored to continue as the Prime Contractor for this highly specialized and mission critical program," said Brian Faith, President and CEO of QuickLogic. "This project exemplifies our long term commitment to delivering innovative FPGA technology optimized to meet the rigorous demands of the Aerospace and Defense Industrial Base (DIB)." 

About QuickLogic
QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

 

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SOURCE QuickLogic Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What exactly did QuickLogic (QUIK) win on February 18, 2026?

QuickLogic won a $13 million contract to support SRH FPGA development and demonstration. According to the company, this funding continues a multi‑year program started in August 2022 focused on high‑reliability FPGA technology for defense and space systems.

How does the $13 million award affect QuickLogic's role in the DoW program?

The award extends QuickLogic's position as Prime Contractor on the SRH program. According to the company, it reinforces QuickLogic's leadership role in delivering ruggedized FPGA technology to meet Department of War strategic and space system requirements.

What is the Strategic Radiation Hardened (SRH) program QuickLogic is working on?

SRH is a high‑reliability FPGA initiative focused on radiation‑hardened designs for aerospace and defense use. According to the company, the program aims to meet current and future Department of War strategic and space system requirements through development and demonstration activities.

When did the SRH multi‑year program that includes the $13M tranche begin?

The SRH program began in August 2022 and continues through additional funding tranches. According to the company, the February 18, 2026 award represents the latest tranche supporting ongoing development and demonstration efforts.

Does the announcement state how the $13 million will be recognized as revenue for QUIK?

The announcement does not specify a revenue recognition schedule or milestone timeline for the $13 million award. According to the company, the funds will support continued development and demonstration but no detailed accounting timing was disclosed.