QuickLogic Reports Fiscal Third Quarter 2026 Financial Results
Year-over-year revenue growth accompanied a narrower net loss, while quarterly revenue and gross margin declined sequentially.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
QuickLogic (NASDAQ: QUIK) reported third-quarter fiscal 2026 revenue of $5.1 million, with growth from a year earlier but a sequential decline. Revenue from continuing operations rose 153.2% year over year and fell 6.3% from the second quarter. For the quarter ended September 27, 2026, GAAP gross margin was 37.4%, versus negative 23.3% a year earlier and 43.9% sequentially. GAAP net loss was $2.183 million, or $0.12 per share, versus $4.007 million a year earlier and $0.887 million sequentially.
QuickLogic secured a six-figure embedded FPGA intellectual-property design win for an automotive and industrial chip. Cash and cash equivalents reached $19.199 million, compared with $18.840 million at December 28, 2025; revolving credit borrowings declined to $5 million from $15 million. Nine-month revenue was $15.671 million, versus $10.041 million a year earlier. James Sullivan was appointed chief financial officer.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter revenue rose 153.2% year over year to $5.1 million, but declined 6.3% sequentially.
- Moderate pointGAAP gross margin reached 37.4%, versus negative 23.3% a year earlier and 43.9% sequentially.
- Moderate pointGAAP net loss narrowed to $2.183 million, versus $4.007 million a year earlier, but widened from $0.887 million sequentially.
- Moderate pointRevolving credit borrowings fell to $5 million from $15 million between December 28, 2025, and September 27, 2026.
- Minor pointNew-product revenue was approximately $4.0 million, up 324.4% year over year but down 13.2% sequentially.
8 minor points
- Minor pointMature-product revenue reached $1.1 million, unchanged year over year and above $0.8 million sequentially.
- Minor pointSix-figure design win secured for embedded FPGA intellectual property in an automotive and industrial chip.
- Minor pointNine-month revenue reached $15.671 million, versus $10.041 million in the prior-year period.
- Minor pointNine-month GAAP operating loss narrowed to $5.951 million, versus $8.430 million a year earlier.
- Minor pointNine-month GAAP net loss narrowed to $5.276 million, versus $8.868 million a year earlier.
- Minor pointCash increased to $19.199 million at September 27, 2026, from $18.840 million at December 28, 2025.
- Minor pointCurrent notes payable fell to $1.466 million from $1.870 million between December 28, 2025, and September 27, 2026.
- Minor pointLong-term notes payable fell to $0.823 million from $0.926 million between December 28, 2025, and September 27, 2026.
Negative
- Moderate pointQuarterly GAAP operating loss was $2.116 million, versus $3.927 million a year earlier and $1.717 million sequentially.
- Moderate pointQuarterly GAAP operating expenses reached $4.037 million, above $3.455 million a year earlier but below $4.124 million sequentially.
- Moderate pointCommon shares outstanding increased to 18.754 million at September 27, 2026, from 17.290 million at December 28, 2025.
- Minor pointNine-month GAAP operating expenses increased to $12.121 million, versus $10.789 million a year earlier.
News Explained
At
Details
Market move: QUIK -4.55% vs previous close. 3Q26 earnings report
On Nov 10, the day this news came out, the latest delayed price for QUIK is 4.55% below the previous close. Our momentum scanner has recorded 13 alerts for this stock so far that day. The latest delayed price is $7.85.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Total revenue
- $5.1 million; +153.2% year over year; -6.3% sequentially
- Fiscal Q3 2026, continuing operations
- New product revenue
- Approximately $4.0 million; +324.4% year over year; -13.2% sequentially
- Fiscal Q3 2026, continuing operations
- GAAP gross margin
- 37.4%
- Fiscal Q3 2026, continuing operations; versus (23.3%) a year earlier and 43.9% in Q2 2026
- Non-GAAP gross margin
- 41.0%
- Fiscal Q3 2026, continuing operations; versus (11.9%) a year earlier and 46.8% in Q2 2026
- GAAP net loss
- ($2.2 million), or ($0.12) per share
- Fiscal Q3 2026; loss was ($4.0 million), or ($0.24) per share, in Q3 2025 and ($0.9 million), or ($0.05) per share, in Q2 2026
- Non-GAAP net loss
- ($1.3 million), or ($0.07) per share
- Fiscal Q3 2026; loss was ($3.2 million), or ($0.19) per share, in Q3 2025 and ($1.1 million), or ($0.06) per share, in Q2 2026
- eFPGA Hard IP design win
- Six-figure
- Recent automotive and industrial SoC design win
Previous Earnings Reports
-
Revenue grew year over year and sequentially; gross margin improved and net loss narrowed.
-
Revenue declined year over year, gross margins were negative, and net loss widened.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
efpga technical
soc technical
gaap financial
non-gaap financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Recent Highlights
- Secured a six-figure eFPGA Hard IP design win for an automotive industrial SoC targeting battery management, precision motor control, and robotic applications on a 16nm process technology
- Expanded our eFPGA IP portfolio with a new 12LP core featuring enhanced DSP capabilities, scalability beyond 250,000 LUTs, and optional configuration-bit health monitoring for improved reliability in mission-critical applications
- Appointed James Sullivan as Senior Vice President of Finance and Chief Financial Officer
"Our recent automotive and industrial design win is a strong validation of our eFPGA technology," said Brian Faith, CEO of QuickLogic. "Combined with our latest eFPGA Hard IP advancements and continued progress on the
Fiscal Third Quarter 2026 Financial Results
Total revenue from continuing operations for the third quarter of fiscal 2026 was
New product revenue from continuing operations was approximately
Mature product revenue from continuing operations was
Third quarter 2026 GAAP gross margin from continuing operations was
Third quarter 2026 non-GAAP gross margin from continuing operations was
Third quarter 2026 GAAP operating expenses from continuing operations were
Third quarter 2026 non-GAAP operating expenses from continuing operations were
Third quarter 2026 GAAP net loss was (
Third quarter 2026 non-GAAP net loss was (
Conference Call
QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, November 10, 2026, to discuss its current financial results. The conference call will be webcast on QuickLogic's IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13763456.
The call recording, which can be accessed by phone, will be available through November 17, 2026, and the webcast will be available for 12 months on the Company's website.
About QuickLogic
QuickLogic is a fabless semiconductor company specializing in eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, and ruggedized programmable logic 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 uses its website (www.quicklogic.com), its blog (https://www.quicklogic.com/blog/), and LinkedIn page (https://www.linkedin.com/company/13512/) as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may be deemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company's website and its social media accounts, in addition to following the Company's press releases, SEC filings, public conference calls, and webcasts.
Non-GAAP Financial Measures
QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles ("GAAP"), but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes certain charges related to stock-based compensation, impairment charges, and restructuring costs, as well as significant non-recurring gains, in calculating non-GAAP (i) operating expenses, (ii) income (loss) from operations, (iii) net income (loss), (iv) net income (loss) per share, and (v) cost of revenue and gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner consistent with how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company's industry.
Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company's core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company's future periods and serve as a basis for the allocation of the Company's resources, management of operations and the measurement of profit-dependent cash flows, and equity compensation paid to employees and executive officers.
Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with GAAP. A reconciliation of GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable GAAP financial measures.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future profitability, revenue growth, and cash flows, expectations regarding its future business and statements regarding the timing, milestones, and payments related to its government contracts, statements regarding expected contracts and the expected magnitude of such contracts, and statements regarding expected adoption rates and/or orders by customers. Actual results may differ due to a variety of factors including: delays in the market acceptance of the Company's new products; the ability to convert design opportunities into customer revenue; the ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of the Company's customers' products; the risk that orders may not result in future revenue; ability to introduce and produce new products based on advanced wafer technology on a timely basis; ability to adequately market the low power, competitive pricing, and short time-to-market of the Company's new products; intense competition; ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters, and other business interruptions that could disrupt supply or delivery of, or demand for, the Company's products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company's public reports filed with the
QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.
CODE: QUIK-E
–Tables Follow –
|
QUICKLOGIC CORPORATION |
||||||||||||||||||||
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
||||||||||||||||||||
|
(in thousands, except per share amounts) |
||||||||||||||||||||
|
(Unaudited) |
||||||||||||||||||||
|
|
||||||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||||||
|
|
|
September |
|
|
September |
|
|
June 28, |
|
|
September |
|
|
September |
|
|||||
|
Revenue |
|
$ |
5,138 |
|
|
$ |
2,029 |
|
|
$ |
5,482 |
|
|
$ |
15,671 |
|
|
$ |
10,041 |
|
|
Cost of revenue |
|
|
3,217 |
|
|
|
2,501 |
|
|
|
3,075 |
|
|
|
9,501 |
|
|
|
7,682 |
|
|
Gross profit (loss) |
|
|
1,921 |
|
|
|
(472) |
|
|
|
2,407 |
|
|
|
6,170 |
|
|
|
2,359 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
1,491 |
|
|
|
1,398 |
|
|
|
1,556 |
|
|
|
4,559 |
|
|
|
3,859 |
|
|
Selling, general and administrative |
|
|
2,512 |
|
|
|
2,057 |
|
|
|
2,552 |
|
|
|
7,501 |
|
|
|
6,555 |
|
|
Impairment charges |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
Restructuring costs |
|
|
34 |
|
|
|
— |
|
|
|
16 |
|
|
|
61 |
|
|
|
75 |
|
|
Total operating expenses |
|
|
4,037 |
|
|
|
3,455 |
|
|
|
4,124 |
|
|
|
12,121 |
|
|
|
10,789 |
|
|
Operating income (loss) |
|
|
(2,116) |
|
|
|
(3,927) |
|
|
|
(1,717) |
|
|
|
(5,951) |
|
|
|
(8,430) |
|
|
Interest expense |
|
|
(39) |
|
|
|
(87) |
|
|
|
(71) |
|
|
|
(164) |
|
|
|
(292) |
|
|
Interest income and other income (expense), net |
|
|
(16) |
|
|
|
9 |
|
|
|
(41) |
|
|
|
(90) |
|
|
|
(28) |
|
|
Gain on extinguishment of vendor payable |
|
|
— |
|
|
|
— |
|
|
|
950 |
|
|
|
950 |
|
|
|
— |
|
|
Income (loss) from continuing operations before |
|
|
(2,171) |
|
|
|
(4,005) |
|
|
|
(879) |
|
|
|
(5,255) |
|
|
|
(8,750) |
|
|
(Benefit from) provision for income taxes |
|
|
8 |
|
|
|
(1) |
|
|
|
3 |
|
|
|
8 |
|
|
|
5 |
|
|
Net income (loss) from continuing operations |
|
|
(2,179) |
|
|
|
(4,004) |
|
|
|
(882) |
|
|
|
(5,263) |
|
|
|
(8,755) |
|
|
Net income (loss) from discontinued operations, net |
|
|
(4) |
|
|
|
(3) |
|
|
|
(5) |
|
|
|
(13) |
|
|
|
(113) |
|
|
Net income (loss) |
|
$ |
(2,183) |
|
|
$ |
(4,007) |
|
|
$ |
(887) |
|
|
$ |
(5,276) |
|
|
$ |
(8,868) |
|
|
Net income (loss) from continuing operations per |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.55) |
|
|
Diluted |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.55) |
|
|
Net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.56) |
|
|
Diluted |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.56) |
|
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
18,419 |
|
|
|
16,516 |
|
|
|
18,110 |
|
|
|
17,999 |
|
|
|
15,957 |
|
|
Diluted |
|
|
18,419 |
|
|
|
16,516 |
|
|
|
18,110 |
|
|
|
17,999 |
|
|
|
15,957 |
|
|
|
|
Note: Income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported herein. |
|
QUICKLOGIC CORPORATION |
||||||||
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||
|
(in thousands) |
||||||||
|
(Unaudited) |
||||||||
|
|
||||||||
|
|
|
September 27, |
|
|
December 28, |
|
||
|
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
19,199 |
|
|
$ |
18,840 |
|
|
Accounts receivable, net |
|
|
1,030 |
|
|
|
2,809 |
|
|
Contract assets |
|
|
335 |
|
|
|
217 |
|
|
Inventories |
|
|
938 |
|
|
|
956 |
|
|
Prepaid expenses and other |
|
|
2,308 |
|
|
|
1,399 |
|
|
Assets of business held for disposal, net |
|
|
— |
|
|
|
2 |
|
|
Total current assets |
|
|
23,810 |
|
|
|
24,223 |
|
|
Property and equipment, net |
|
|
16,197 |
|
|
|
18,233 |
|
|
Capitalized internal-use software, net |
|
|
1,429 |
|
|
|
1,117 |
|
|
Right of use assets, net |
|
|
226 |
|
|
|
464 |
|
|
Intangible assets, net |
|
|
310 |
|
|
|
339 |
|
|
Inventories |
|
|
— |
|
|
|
187 |
|
|
Other assets |
|
|
266 |
|
|
|
241 |
|
|
TOTAL ASSETS |
|
$ |
42,238 |
|
|
$ |
44,804 |
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Revolving line of credit |
|
$ |
5,000 |
|
|
$ |
15,000 |
|
|
Trade payables |
|
|
2,235 |
|
|
|
2,251 |
|
|
Accrued liabilities |
|
|
1,732 |
|
|
|
1,779 |
|
|
Deferred revenue |
|
|
786 |
|
|
|
64 |
|
|
Notes payable, current |
|
|
1,466 |
|
|
|
1,870 |
|
|
Lease liabilities, current |
|
|
218 |
|
|
|
321 |
|
|
Total current liabilities |
|
|
11,437 |
|
|
|
21,285 |
|
|
Long-term liabilities: |
|
|
|
|
|
|
|
|
|
Lease liabilities |
|
|
— |
|
|
|
126 |
|
|
Notes payable |
|
|
823 |
|
|
|
926 |
|
|
Total liabilities |
|
|
12,260 |
|
|
|
22,337 |
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Preferred stock, |
|
|
— |
|
|
|
— |
|
|
Common stock, |
|
|
19 |
|
|
|
17 |
|
|
Additional paid-in capital |
|
|
359,447 |
|
|
|
346,662 |
|
|
Accumulated deficit |
|
|
(329,488) |
|
|
|
(324,212) |
|
|
Total stockholders' equity |
|
|
29,978 |
|
|
|
22,467 |
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
|
$ |
42,238 |
|
|
$ |
44,804 |
|
|
QUICKLOGIC CORPORATION |
||||||||||||||||||||
|
SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES |
||||||||||||||||||||
|
(in thousands, except per share amounts and percentages) |
||||||||||||||||||||
|
(Unaudited) |
||||||||||||||||||||
|
|
||||||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||||||
|
|
|
September |
|
|
September |
|
|
June 28, |
|
|
September |
|
|
September |
|
|||||
|
GAAP operating income (loss) |
|
$ |
(2,116) |
|
|
$ |
(3,927) |
|
|
$ |
(1,717) |
|
|
$ |
(5,951) |
|
|
$ |
(8,430) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
184 |
|
|
|
231 |
|
|
|
158 |
|
|
|
498 |
|
|
|
578 |
|
|
Research and development |
|
|
134 |
|
|
|
96 |
|
|
|
139 |
|
|
|
481 |
|
|
|
443 |
|
|
Selling, general and administrative |
|
|
572 |
|
|
|
501 |
|
|
|
457 |
|
|
|
1,523 |
|
|
|
1,586 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
Adjustment for restructuring costs |
|
|
34 |
|
|
|
— |
|
|
|
16 |
|
|
|
61 |
|
|
|
75 |
|
|
Non-GAAP operating income (loss) |
|
$ |
(1,192) |
|
|
$ |
(3,099) |
|
|
$ |
(947) |
|
|
$ |
(3,388) |
|
|
$ |
(5,448) |
|
|
GAAP net income (loss) from continuing |
|
$ |
(2,179) |
|
|
$ |
(4,004) |
|
|
$ |
(882) |
|
|
$ |
(5,263) |
|
|
$ |
(8,755) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
184 |
|
|
|
231 |
|
|
|
158 |
|
|
|
498 |
|
|
|
578 |
|
|
Research and development |
|
|
134 |
|
|
|
96 |
|
|
|
139 |
|
|
|
481 |
|
|
|
443 |
|
|
Selling, general and administrative |
|
|
572 |
|
|
|
501 |
|
|
|
457 |
|
|
|
1,523 |
|
|
|
1,586 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
300 |
|
|
Adjustment for restructuring costs |
|
|
34 |
|
|
|
— |
|
|
|
16 |
|
|
|
61 |
|
|
|
75 |
|
|
Adjustment for significant non-recurring gain |
|
|
— |
|
|
|
— |
|
|
|
(950) |
|
|
|
(950) |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing |
|
$ |
(1,255) |
|
|
$ |
(3,176) |
|
|
$ |
(1,062) |
|
|
$ |
(3,650) |
|
|
$ |
(5,773) |
|
|
GAAP net income (loss) from discontinued |
|
$ |
(4) |
|
|
$ |
(3) |
|
|
$ |
(5) |
|
|
$ |
(13) |
|
|
$ |
(113) |
|
|
Adjustment for stock-based compensation within: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(32) |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
87 |
|
|
Non-GAAP net income (loss) from discontinued |
|
$ |
(4) |
|
|
$ |
(3) |
|
|
$ |
(5) |
|
|
$ |
(13) |
|
|
$ |
(58) |
|
|
Non-GAAP net income (loss) |
|
$ |
(1,259) |
|
|
$ |
(3,179) |
|
|
$ |
(1,067) |
|
|
$ |
(3,663) |
|
|
$ |
(5,831) |
|
|
GAAP net income (loss) from continuing |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.55) |
|
|
Adjustment for stock-based compensation |
|
|
0.05 |
|
|
|
0.05 |
|
|
|
0.04 |
|
|
|
0.14 |
|
|
|
0.16 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.02 |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Adjustment for significant non-recurring gain |
|
|
— |
|
|
|
— |
|
|
|
(0.05) |
|
|
|
(0.05) |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing |
|
$ |
(0.07) |
|
|
$ |
(0.19) |
|
|
$ |
(0.06) |
|
|
$ |
(0.20) |
|
|
$ |
(0.36) |
|
|
GAAP net income (loss) from discontinued |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.01) |
|
|
Adjustment for stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Non-GAAP net income (loss) from discontinued |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Non-GAAP net income (loss) per share, basic |
|
$ |
(0.07) |
|
|
$ |
(0.19) |
|
|
$ |
(0.06) |
|
|
$ |
(0.20) |
|
|
$ |
(0.36) |
|
|
GAAP net income (loss) from continuing |
|
$ |
(0.12) |
|
|
$ |
(0.24) |
|
|
$ |
(0.05) |
|
|
$ |
(0.29) |
|
|
$ |
(0.55) |
|
|
Adjustment for stock-based compensation |
|
|
0.05 |
|
|
|
0.05 |
|
|
|
0.04 |
|
|
|
0.14 |
|
|
|
0.16 |
|
|
Adjustment for impairment charges |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.02 |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Adjustment for significant non-recurring gain |
|
|
— |
|
|
|
— |
|
|
|
(0.05) |
|
|
|
(0.05) |
|
|
|
— |
|
|
Non-GAAP net income (loss) from continuing |
|
$ |
(0.07) |
|
|
$ |
(0.19) |
|
|
$ |
(0.06) |
|
|
$ |
(0.20) |
|
|
$ |
(0.36) |
|
|
GAAP net income (loss) from discontinued |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(0.01) |
|
|
Adjustment for stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Adjustment for restructuring costs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
0.01 |
|
|
Non-GAAP net income (loss) from discontinued |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Non-GAAP net income (loss) per share, diluted |
|
$ |
(0.07) |
|
|
$ |
(0.19) |
|
|
$ |
(0.06) |
|
|
$ |
(0.20) |
|
|
$ |
(0.36) |
|
|
GAAP gross margin percentage from continuing |
|
|
37.4 |
% |
|
|
(23.3) |
% |
|
|
43.9 |
% |
|
|
39.4 |
% |
|
|
23.5 |
% |
|
Adjustment for stock-based compensation included |
|
|
3.6 |
% |
|
|
11.4 |
% |
|
|
2.9 |
% |
|
|
3.1 |
% |
|
|
5.8 |
% |
|
Non-GAAP gross margin percentage from |
|
|
41.0 |
% |
|
|
(11.9) |
% |
|
|
46.8 |
% |
|
|
42.5 |
% |
|
|
29.3 |
% |
|
QUICKLOGIC CORPORATION |
||||||||||||||||||||
|
SUPPLEMENTAL DATA |
||||||||||||||||||||
|
(Unaudited) |
||||||||||||||||||||
|
|
||||||||||||||||||||
|
|
|
Percentage of Revenue |
|
|
Change in Revenue |
|
||||||||||||||
|
|
|
Q3 2026 |
|
|
Q3 2025 |
|
|
Q2 2026 |
|
|
Q3 2026 to |
|
|
Q3 2026 to |
|
|||||
|
COMPOSITION OF REVENUE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue by product: (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New products |
|
|
79 |
% |
|
|
47 |
% |
|
|
85 |
% |
|
|
324 |
% |
|
|
(13) |
% |
|
Mature products |
|
|
21 |
% |
|
|
53 |
% |
|
|
15 |
% |
|
|
2 |
% |
|
|
33 |
% |
|
Revenue by geography: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 |
% |
|
|
47 |
% |
|
|
8 |
% |
|
|
(53) |
% |
|
|
1 |
% |
|
|
|
|
85 |
% |
|
|
51 |
% |
|
|
88 |
% |
|
|
323 |
% |
|
|
(9) |
% |
|
|
|
|
6 |
% |
|
|
2 |
% |
|
|
4 |
% |
|
|
736 |
% |
|
|
54 |
% |
|
|
|
|
|
|
|
|
(1) |
New products include all products manufactured on 180 nanometer or smaller semiconductor processes, and eFPGA IP and related professional services. Mature products include all products produced on semiconductor processes larger than 180 nanometer. Associated royalty revenues are included within their respective device's classification. The Company notes it did not recognize revenue at the SensiML entity held for disposal during the periods presented herein. |
||||
View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-reports-fiscal-third-quarter-2026-financial-results-302935485.html
SOURCE QuickLogic Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were QuickLogic's fiscal third-quarter 2026 revenue and earnings?
QuickLogic reported $5.1 million in revenue from continuing operations and a GAAP net loss of $2.183 million, or $0.12 per share, for the quarter ended September 27, 2026. Revenue increased 153.2% year over year but decreased 6.3% sequentially.
What applications does QuickLogic's six-figure design win target?
QuickLogic's six-figure embedded FPGA intellectual-property design win targets battery management, precision motor control, and robotic applications. The automotive and industrial system-on-chip uses 16nm process technology.