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QuickLogic (NASDAQ: QUIK) posts Q4 revenue drop and larger 2025 loss

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

QuickLogic Corporation reported weak fiscal fourth quarter and full-year 2025 results while highlighting progress in its government FPGA programs. Q4 2025 revenue from continuing operations was $3.7 million, down 34.2% from Q4 2024 but up 84.0% from Q3 2025. GAAP gross margin fell to 18.1%, compared with 62.7% a year earlier, and non-GAAP gross margin was 20.8% versus 65.8%.

The company posted a Q4 2025 GAAP net loss of $6.0 million, or ($0.35) per share, versus a loss of $0.3 million, or ($0.02) per share, in Q4 2024. Non-GAAP net loss was $2.9 million, or ($0.17) per share, compared with non-GAAP net income of $0.6 million, or $0.04 per share, a year earlier.

For full-year 2025, revenue from continuing operations was $13.8 million versus $19.7 million in 2024, and GAAP net loss widened to $14.8 million from $3.8 million. Management highlighted expansion of its U.S. Strategic Radiation Hardened FPGA program, including an increased total contract ceiling of approximately $89 million and a new $13 million contract tranche.

Positive

  • Expanded U.S. SRH FPGA program: Contract ceiling increased to approximately $89 million, and a new $13 million tranche was awarded, reinforcing visibility around government-related opportunities.
  • Strategic design wins: New commercial eFPGA Hard IP wins, including a high-performance data center ASIC on a 12nm node, and entry into hardware cybersecurity via Idaho Scientific partnership broaden future revenue sources.

Negative

  • Sharp revenue decline: Q4 2025 revenue from continuing operations fell 34.2% year over year to $3.7 million, and full-year revenue dropped to $13.8 million from $19.7 million.
  • Margin compression and larger losses: Q4 GAAP gross margin fell to 18.1% from 62.7%, while full-year GAAP net loss widened to $14.8 million from $3.8 million, indicating worsened profitability.

Insights

Revenue and margins declined sharply while losses expanded despite contract wins.

QuickLogic posted Q4 2025 revenue of $3.7 million, down 34.2% year over year, and full-year revenue of $13.8 million versus $19.7 million in 2024. GAAP gross margin dropped to 18.1% in Q4 from 62.7% a year earlier, signaling significant mix or cost pressures.

Profitability deteriorated: Q4 GAAP net loss widened to $6.0 million from $0.3 million, and full-year GAAP net loss rose to $14.8 million from $3.8 million. Non-GAAP results show a similar pattern, moving from Q4 2024 income to Q4 2025 loss.

Strategically, the expanded U.S. Strategic Radiation Hardened FPGA program, with a contract ceiling near $89 million and a new $13 million tranche, plus new commercial eFPGA design wins, indicate pipeline development. Actual financial impact will depend on execution of these contracts and conversion of design wins into production revenue over future reporting periods.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) March 3, 2026
 
QuickLogic Corporation
(Exact name of registrant as specified in its charter) 
 
Delaware
 
000-22671
 
77-0188504
         
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
         
2220 Lundy Avenue, San Jose, CA
     
95131-1816
(Address of principal executive offices)
     
(Zip Code)
 
 
Registrant’s telephone number, including area code (408) 990-4000
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $.001 per share
QUIK
The Nasdaq Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 2.02 Results of Operation and Financial Condition.
 
On March 3, 2026, QuickLogic Corporation (“QuickLogic”) issued a press release and held a conference call announcing its consolidated financial results for the fiscal fourth quarter ended December 28, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
QuickLogic is making reference to non-GAAP financial information in the press release. A reconciliation of GAAP to non-GAAP results is provided in the attached Exhibit 99.1 press release.
 
Item 7.01 Regulation FD Disclosure.
 
On March 3, 2026, QuickLogic Corporation (“QuickLogic”) issued a press release regarding its consolidated financial results for the fiscal fourth quarter ended December 28, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
The information in this Current Report, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings. In addition, the press release furnished as an exhibit to this report includes "safe harbor" language pursuant to the Private Securities Litigation Reform Act of 1995, stating that certain statements about QuickLogic's business contained in the press release are "forward-looking" rather than historic.
 
Item 9.01 Financial Statement and Exhibits.
 
(d) Exhibits    
     
99.1
  Press release of QuickLogic Corporation reporting financial results for the fiscal fourth quarter ended December 28, 2025.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: March 3, 2026
 
QuickLogic Corporation
     
   
/s/ Elias Nader
   
Elias Nader
Chief Financial Officer, and Senior Vice-President, Finance
 
 
 

Exhibit 99.1

a01.jpg 

 

QuickLogic Reports Fiscal Fourth Quarter and Full Year 2025 Financial Results

  

 

SAN JOSE, Calif. – March 3, 2026 - QuickLogic Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs, and Endpoint AI solutions, today announced its financial results for the fiscal fourth quarter that ended December 28, 2025.

 

Recent Highlights

 

 

Expanded U.S. Strategic Radiation Hardened (SRH) FPGA government program, increasing total contract ceiling to approximately $89 million and successfully taped out a test chip on GlobalFoundries 12LP process
  Announced $13 million contract tranche for the U.S. SRH FPGA government program
  Received initial orders for SRH FPGA Development Kits (Dev Kits) for Test Chip evaluations
  Incorporated architectural enhancements developed under 1M LUT Feasibility Study Contract that enable QuickLogic to address lucrative markets for very high-density discrete and embedded FPGAs
 

Secured multiple, new commercial eFPGA Hard IP design wins, including a high-performance data center production ASIC on a 12nm process node
 

Entered the hardware cybersecurity market through a partnership with Idaho Scientific, enabling crypto-agile secure ASIC and SoC designs using QuickLogic eFPGA Hard IP
  Advanced presence in space and high-reliability computing as University of Saskatchewan selected eFPGA IP for a radiation-tolerant RISC-V StarRISC microcontroller platform
 

Published customer case study showing 50% power savings when Epson moved from Software to eFPGA for programmable algorithm processing

 

“We are extremely proud the U.S. Government has expanded the scope of our Prime Contract and awarded us a $13 million tranche last month," said Brian Faith, CEO of QuickLogic. "With this and the milestones we accomplished during 2025, we have entered 2026 on very sound footing, and we believe, positioned for significant revenue growth beginning this year."

 

Fiscal Fourth Quarter 2025 Financial Results

 

Total revenue from continuing operations for the fourth quarter of fiscal 2025 was $3.7 million, a decrease of 34.2% compared with the fourth quarter of 2024 and an increase of 84.0% compared with the third quarter of 2025.

 

New product revenue from continuing operations was approximately $2.8 million in the fourth quarter of 2025, a decrease of $1.8 million, or 38.5%, compared with the fourth quarter of 2024 and an increase of $1.8 million, or 198.6%, compared with the third quarter of 2025.
 

Mature product revenue from continuing operations was $0.9 million in the fourth quarter of 2025. This compares to $1.0 million in the fourth quarter of 2024 and $1.1 million in the third quarter of 2025.

 

Fourth quarter 2025 GAAP gross margin from continuing operations was 18.1% compared with 62.7% in the fourth quarter of 2024 and (23.3%) in the third quarter of 2025.

 

Fourth quarter 2025 non-GAAP gross margin from continuing operations was 20.8% compared with 65.8% in the fourth quarter of 2024 and (11.9%) in the third quarter of 2025.

 

Fourth quarter 2025 GAAP operating expenses from continuing operations were $4.2 million compared with $3.4 million in the fourth quarter of 2024 and $3.5 million in the third quarter of 2025.

 

Fourth quarter 2025 non-GAAP operating expenses from continuing operations were $3.5 million compared with $2.6 million in the fourth quarter of 2024 and $2.9 million in the third quarter of 2025.

 

Fourth quarter 2025 GAAP net loss was ($6.0 million), or ($0.35) per share, compared with a net loss of ($0.3 million), or ($0.02) per share, in the fourth quarter of 2024, and a net loss of ($4.0 million), or ($0.24) per share, in the third quarter of 2025.

 

Fourth quarter 2025 non-GAAP net loss was ($2.9 million), or ($0.17) per share, compared with a net income of $0.6 million, or $0.04 per share, in the fourth quarter of 2024, and a net loss of ($3.2 million), or ($0.19) per share, in the third quarter of 2025.

 

Conference Call

 

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, March 3, 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. No Passcode is needed to join the conference call. 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 13758490.

 

The call recording, which can be accessed by phone, will be archived through March 10, 2026, and the webcast will be available for 12 months on the Company's website.

 

1

 

About QuickLogic

 

QuickLogic is a fabless semiconductor company specializing in embedded FPGA (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 uses its website (www.quicklogic.com), the company blog (https://www.quicklogic.com/blog/), corporate X account (@QuickLogic_Corp), Facebook page (https://www.facebook.com/QuickLogic), 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, or U.S. 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, impairments, and restructuring costs, in calculating non-GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv) gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner like 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, 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 itself, 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 U.S. GAAP. A reconciliation of U.S. 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 U.S. GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable U.S. 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 our future profitability and cash flows, expectations regarding our future business and expected revenue growth, and statements regarding the timing, milestones, and payments related to our government contracts and 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; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers’ products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our 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 U.S. Securities and Exchange Commission (the "SEC"), including the risks discussed in the “Risk Factors” section in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the Company’s prior press releases, which are available on the Company's Investor Relations website at http://ir.quicklogic.com/, and on the SEC website at www.sec.gov/. In addition, please note that the date of this press release is March 3, 2026, and any forward-looking statements contained herein are based on management's current expectations and assumptions that we believe to be reasonable as of this date. We are not obliged to update these statements due to latest information or future events.

 

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

 

 

Company Contact

 

Elias Nader

Chief Financial Officer

(408) 990-4000

ir@quicklogic.com

 

IR Contact

 

Alison Ziegler 

Darrow Associates, Inc. 
(201) 220-2678
ir@quicklogic.com 

 

CODE: QUIK-E 

 

 

 –Tables Follow –

 

2

 

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited) 

 

   

Three Months Ended

   

Year Ended

 
   

December 28, 2025

   

December 29, 2024

   

September 28, 2025

   

December 28, 2025

   

December 29, 2024

 

Revenue

  $ 3,733     $ 5,677     $ 2,029     $ 13,774     $ 19,651  

Cost of revenue

    3,058       2,118       2,501       10,740       7,558  

Gross profit (loss)

    675       3,559       (472 )     3,034       12,093  

Operating expenses:

                                       

Research and development

    1,436       1,380       1,398       5,295       5,846  

Selling, general and administrative

    2,728       2,029       2,057       9,283       8,767  

Impairment charges

                      300        

Restructuring costs

                      75        

Total operating expense

    4,164       3,409       3,455       14,953       14,613  

Operating income (loss)

    (3,489 )     150       (3,927 )     (11,919 )     (2,520 )

Interest expense

    (79 )     (111 )     (87 )     (371 )     (406 )

Interest and other (expense) income, net

          29       9       (28 )     24  

Income (loss) before income taxes

    (3,568 )     68       (4,005 )     (12,318 )     (2,902 )

(Benefit from) provision for income taxes

    30       (11 )     (1 )     35       3  

Net income (loss) from continuing operations

    (3,598 )     79       (4,004 )     (12,353 )     (2,905 )

Net income (loss) from discontinued operations, net of taxes and inclusive of $87 in restructuring costs for the fiscal year ended December 28, 2025

    (2,368 )     (384 )     (3 )     (2,481 )     (936 )

Net income (loss)

  $ (5,966 )   $ (305 )   $ (4,007 )   $ (14,834 )   $ (3,841 )

Net income (loss) from continuing operations per share:

                                       

Basic

  $ (0.21 )   $ 0.01     $ (0.24 )   $ (0.76 )   $ (0.20 )

Diluted

  $ (0.21 )   $ 0.01     $ (0.24 )   $ (0.76 )   $ (0.20 )

Net income (loss) per share:

                                       

Basic

  $ (0.35 )   $ (0.02 )   $ (0.24 )   $ (0.91 )   $ (0.26 )

Diluted

  $ (0.35 )   $ (0.02 )   $ (0.24 )   $ (0.91 )   $ (0.26 )

Weighted average shares outstanding:

                                       

Basic

    17,103       14,869       16,516       16,243       14,510  

Diluted

    17,103       14,869       16,516       16,243       14,510  

 

Note: Net income (loss) equals total comprehensive income (loss) for all periods presented. Additionally, the Company notes that 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.

 

3

 

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

 

   

December 28, 2025

   

December 29, 2024

 

ASSETS

               

Current assets:

               

Cash, cash equivalents and restricted cash

  $ 18,840     $ 21,859  

Accounts receivable, net of allowance for credit losses of $0 as of December 28, 2025 and December 29, 2024

    2,809       2,426  

Contract assets

    217       2,682  

Inventories

    956       940  

Prepaid expenses and other current assets

    1,382       1,666  

Assets of business held for disposal, net

    2       31  

Total current assets

    24,206       29,604  

Property and equipment, net

    18,234       15,699  

Capitalized internal-use software, net

    1,116       711  

Right of use assets, net

    464       758  

Intangible assets, net

    339       378  

Non-marketable equity investment

          300  

Inventories, non-current

    187       718  

Note receivable, non-current

          1,292  

Other assets

    240       117  

Assets of business held for disposal, net

          2,356  

TOTAL ASSETS

  $ 44,786     $ 51,933  

LIABILITIES AND STOCKHOLDERS’ EQUITY

               

Current liabilities:

               

Revolving line of credit

  $ 15,000     $ 18,000  

Trade payables

    2,251       3,097  

Accrued liabilities

    1,779       1,587  

Deferred revenue

    64       444  

Notes payable, current

    1,870       1,928  

Lease liabilities, current

    321       284  

Liabilities of business held for disposal

          57  

Total current liabilities

    21,285       25,397  

Long-term liabilities:

               

Lease liabilities, non-current

    126       447  

Notes payable, non-current

    926       1,202  

Total liabilities

    22,337       27,046  

Commitments and contingencies

               

Stockholders’ equity:

               

Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding

           

Common stock, $0.001 par value; 200,000 authorized; 17,290 and 15,336 shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively

    17       15  

Additional paid-in capital

    346,662       334,268  

Accumulated deficit

    (324,230 )     (309,396 )

Total stockholders’ equity

    22,449       24,887  

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

  $ 44,786     $ 51,933  

 

4

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF US GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

 

   

Three Months Ended

   

Year Ended

 
   

December 28, 2025

   

December 29, 2024

   

September 28, 2025

   

December 28, 2025

   

December 29, 2024

 

US GAAP operating income (loss)

  $ (3,489 )   $ 150     $ (3,927 )   $ (11,919 )   $ (2,520 )

Adjustment for stock-based compensation within:

                                       

Cost of revenue

    100       177       231       678       852  

Research and development

    194       249       96       637       978  

Selling, general and administrative

    450       538       501       2,036       2,669  

Adjustment for impairment charges

                      300        

Adjustment for restructuring costs

                      75        

Non-GAAP operating income (loss)

  $ (2,745 )   $ 1,114     $ (3,099 )   $ (8,193 )   $ 1,979  

US GAAP net income (loss) from continuing operations

  $ (3,598 )   $ 79     $ (4,004 )   $ (12,353 )   $ (2,905 )

Adjustment for stock-based compensation within:

                                       

Cost of revenue

    100       177       231       678       852  

Research and development

    194       249       96       637       978  

Selling, general and administrative

    450       538       501       2,036       2,669  

Adjustment for impairment charges

                      300        

Adjustment for restructuring costs

                      75        

Non-GAAP net income (loss) from continuing operations

  $ (2,854 )   $ 1,043     $ (3,176 )   $ (8,627 )   $ 1,594  

US GAAP net income (loss) from discontinued operations

  $ (2,368 )   $ (384 )   $ (3 )   $ (2,481 )   $ (936 )

Adjustment for stock-based compensation within:

                                       

Research and development

          (40 )           (32 )     107  

Adjustment for impairment charges

    2,355                   2,355        

Adjustment for restructuring costs

                      87        

Non-GAAP net income (loss) from discontinued operations

  $ (13 )   $ (424 )   $ (3 )   $ (71 )   $ (829 )

Non-GAAP net income (loss)

  $ (2,867 )   $ 619     $ (3,179 )   $ (8,698 )   $ 765  

US GAAP net income (loss) from continuing operations per share, basic

  $ (0.21 )   $ 0.01     $ (0.24 )   $ (0.76 )   $ (0.20 )

Adjustment for stock-based compensation

    0.04       0.06       0.05       0.21       0.31  

Adjustment for impairment charges

                      0.02        

Adjustment for restructuring costs

                             

Non-GAAP net income (loss) from continuing operations per share, basic

  $ (0.17 )   $ 0.07     $ (0.19 )   $ (0.53 )   $ 0.11  

US GAAP net income (loss) from discontinued operations per share, basic

  $ (0.14 )   $ (0.03 )   $     $ (0.15 )   $ (0.06 )

Adjustment for stock-based compensation

                             

Adjustment for impairment charges

    0.14                   0.14        

Adjustment for restructuring costs

                      0.01        

Non-GAAP net income (loss) from discontinued operations per share, basic

  $     $ (0.03 )   $     $     $ (0.06 )

Non-GAAP net income (loss) per share, basic

  $ (0.17 )   $ 0.04     $ (0.19 )   $ (0.53 )   $ 0.05  

US GAAP net income (loss) from continuing operations per share, diluted

  $ (0.21 )   $ 0.01     $ (0.24 )   $ (0.76 )   $ (0.20 )

Adjustment for stock-based compensation

    0.04       0.06       0.05       0.21       0.31  

Adjustment for impairment charges

                      0.02        

Adjustment for restructuring costs

                             

Non-GAAP net income (loss) from continuing operations per share, diluted

  $ (0.17 )   $ 0.07     $ (0.19 )   $ (0.53 )   $ 0.11  

US GAAP net income (loss) from discontinued operations per share, diluted

  $ (0.14 )   $ (0.03 )   $     $ (0.15 )   $ (0.06 )

Adjustment for stock-based compensation

                             

Adjustment for impairment charges

    0.14                   0.14        

Adjustment for restructuring costs

                      0.01        

Non-GAAP net income (loss) from discontinued operations per share, diluted

  $     $ (0.03 )   $     $     $ (0.06 )

Non-GAAP net income (loss) per share, diluted

  $ (0.17 )   $ 0.04     $ (0.19 )   $ (0.53 )   $ 0.05  

US GAAP gross margin percentage from continuing operations

    18.1 %     62.7 %     (23.3 )%     22.0 %     61.5 %

Adjustment for stock-based compensation included in cost of revenue

    2.7 %     3.1 %     11.4 %     4.9 %     4.4 %

Non-GAAP gross margin percentage from continuing operations

    20.8 %     65.8 %     (11.9 )%     26.9 %     65.9 %

 

5

 

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL DATA

(Unaudited)

 

   

Percentage of Revenue

   

Change in Revenue

 
   

Q4 2025

   

Q4 2024

   

Q3 2025

   

Q4 2025 to Q4 2024

   

Q4 2025 to Q3 2025

 

COMPOSITION OF REVENUE

                                       

Revenue by product: (1)

                                       

New products

    76 %     81 %     47 %     (39 )%     199 %

Mature products

    24 %     18 %     53 %     (15 )%     (18 )%

Discontinued Operations:

                                       

New products

    %     1 %     %     (100 )%     %

Revenue by geography:

                                       

Asia Pacific

    10 %     10 %     47 %     (32 )%     (62 )%

North America

    81 %     85 %     51 %     (38 )%     191 %

Europe

    9 %     5 %     2 %     23 %     869 %

Discontinued Operations:

                                       

Asia Pacific

    %     %     %     (100 )%     %

North America

    %     %     %     (100 )%     %

Europe

    %     %     %     %     %

_____________________

 

(1)

New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP intellectual property, professional services, and QuickAI and SensiML AI software as a service (SaaS) revenue. Mature products include all products produced on semiconductor processes larger than 180 nanometer and includes related royalty revenue.

  

6

FAQ

How did QuickLogic (QUIK) perform financially in Q4 2025?

QuickLogic reported a weak Q4 2025, with revenue from continuing operations of $3.7 million, down 34.2% year over year. GAAP gross margin dropped to 18.1%, and GAAP net loss widened to $6.0 million, or ($0.35) per share, reflecting significantly lower profitability.

What were QuickLogic’s full-year 2025 results from continuing operations?

For full-year 2025, QuickLogic’s business contracted, generating $13.8 million in revenue from continuing operations versus $19.7 million in 2024. GAAP net loss increased to $14.8 million from $3.8 million, highlighting sustained operating challenges despite strategic program and design-win progress.

How did QuickLogic’s non-GAAP results compare to GAAP in Q4 2025?

Non-GAAP metrics softened but were less negative than GAAP. Q4 2025 non-GAAP gross margin from continuing operations was 20.8% versus GAAP’s 18.1%. Non-GAAP net loss was $2.9 million, or ($0.17) per share, compared with GAAP net loss of $6.0 million, or ($0.35) per share.

What progress did QuickLogic make on its U.S. Strategic Radiation Hardened FPGA program?

QuickLogic reported meaningful SRH program expansion, with the total contract ceiling increased to approximately $89 million. The company also announced a new $13 million contract tranche and received initial orders for SRH FPGA development kits tied to test chip evaluations.

How is QuickLogic positioning its eFPGA technology for future growth?

QuickLogic highlighted several eFPGA growth drivers, including new commercial Hard IP design wins such as a data center production ASIC on a 12nm node. The company also entered hardware cybersecurity through an Idaho Scientific partnership, targeting secure ASIC and SoC designs.

What did QuickLogic disclose about discontinued operations in 2025?

Discontinued operations negatively affected 2025 results, with US GAAP net loss from discontinued operations of $2.5 million for the year. In Q4 2025 alone, net loss from discontinued operations was $2.4 million, further increasing the company’s total net loss for the period.

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