QUICKLOGIC Corp (QUIK): Results of Operations and Financial Condition
QUICKLOGIC Corp (QUIK) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 QuickLogic Reports Fiscal Second Quarter 2026 Financial Results SAN JOSE, Calif. – August 11, 2026 - QuickLogic® Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs,
How this was made
The 30-second read
Why it matters
The key tradable elements are the quantified quarterly performance (revenue, gross margin, net loss) and the narrowed full-year growth outlook to 70% to 80%, plus management’s expectation of non-GAAP profitability and cash-flow-positive operations in the second half of 2026.
Market read
Earnings release with explicit full-year growth range and margin improvement details, likely driving near-term repricing ahead of the scheduled conference call.
What to watch
Traders may focus on the sustainability of gross margin expansion and whether the feasibility study and packaging development translate into larger, recurring architectural licenses and production orders.
QuickLogic Reports Fiscal Second Quarter 2026 Financial Results
Revenue from continuing operations increased 48.7% year over year and 8.5% sequentially, while GAAP and non-GAAP gross margins improved materially. Losses narrowed from the prior-year and prior-quarter periods, and management narrowed its full-year growth outlook to 70% to 80%, although the company remained loss-making in the quarter.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| RevenueGAAP | $5,482 (in thousands) | 8.5% | 48.7% |
| Cost of revenueGAAP | $3,075 (in thousands) | – | – |
| Gross profitGAAP | $2,407 (in thousands) | – | – |
| Gross margin from continuing operationsGAAP | 43.9% | – | – |
| Gross margin from continuing operationsnon-GAAP | 46.8% | – | – |
| Research and development expenseGAAP | $1,556 (in thousands) | – | – |
| Selling, general and administrative expenseGAAP | $2,552 (in thousands) | – | – |
| Impairment chargesGAAP | — | – | – |
| Restructuring costsGAAP | $16 (in thousands) | – | – |
| Total operating expenseGAAP | $4,124 (in thousands) | – | – |
| Operating lossGAAP | $(1,717) (in thousands) | – | – |
| Operating lossnon-GAAP | $(947) (in thousands) | – | – |
| Interest expenseGAAP | $(71) (in thousands) | – | – |
| Interest income and other income (expense), netGAAP | $(41) (in thousands) | – | – |
| Gain on extinguishment of vendor payableGAAP | $950 (in thousands) | – | – |
| Net loss from continuing operationsGAAP | $(882) (in thousands) | – | – |
| Net loss from continuing operationsnon-GAAP | $(1,062) (in thousands) | – | – |
| Net lossGAAP | $(887) (in thousands) | – | – |
| Net lossnon-GAAP | $(1,067) (in thousands) | – | – |
| Net loss per share, basicGAAP | $(0.05) | – | – |
| Net loss per share, dilutedGAAP | $(0.05) | – | – |
| Net loss per share, basicnon-GAAP | $(0.06) | – | – |
| Net loss per share, dilutednon-GAAP | $(0.06) | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| New productsNew products include all products manufactured on 180 nanometer or smaller semiconductor processes, and eFPGA IP and related professional services. | approximately $4.7 million | 8.6% | 59.7% |
| Mature productsMature product revenue was $0.8 million in the second quarter of 2026, compared to $0.8 million in the second quarter of 2025 and $0.8 million in the first quarter of 2026. | $0.8 million | – | – |
full-year 2026 outlook
- Revenuegrowth outlook to a range of 70% to 80%
- Notemodeling non-GAAP profitability and cash flow positive operations for the second half of 2026
What drove it
- New product revenue from continuing operations was approximately $4.7 million, an increase of $1.7 million, or 59.7%, compared with the second quarter of 2025 and an increase of $0.4 million, or 8.6%, compared with the first quarter of 2026.
- New products represented 85% of revenue in Q2 2026, compared with 79% in Q2 2025 and 85% in Q1 2026.
- North America represented 88% of revenue in Q2 2026, with revenue change of 64% from Q2 2025 and 8% from Q1 2026.
- QuickLogic received a feasibility study contract to evaluate QuickLogic eFPGA IP for potential architectural license.
- QuickLogic received a contract to develop and qualify new packaging for QuickLogic OTP discrete FPGAs to meet new program requirements.
- QuickLogic shipped multiple RadPro™ FPGA Dev Kits, enabling customer evaluations of its U.S.-fabricated radiation-hardened FPGA.
Concerns
- GAAP net loss was $(0.9 million), or $(0.05) per share, and non-GAAP net loss was $(1.1 million), or $(0.06) per share.
- GAAP operating expenses from continuing operations were $4.1 million, compared with $3.5 million in the second quarter of 2025 and $4.0 million in the first quarter of 2026.
- Asia Pacific represented 8% of revenue in Q2 2026, with revenue change of (30)% from Q2 2025 and (9)% from Q1 2026.
- Mature product revenue from continuing operations was $0.8 million in the second quarter of 2026, the same as in the second quarter of 2025 and the first quarter of 2026.
- The GAAP result included a $950 (in thousands) gain on extinguishment of vendor payable, while the non-GAAP reconciliation treated it as a significant non-recurring gain.
What to watch
- Delivery against the narrowed full-year 2026 growth outlook of 70% to 80%.
- Management's target of non-GAAP profitability and cash flow positive operations for the second half of 2026.
- Conversion of the eFPGA IP feasibility study and customer evaluations of RadPro™ FPGA Dev Kits into revenue.
- The trajectory of new-product revenue, which was approximately $4.7 million in the second quarter of 2026.
- Gross-margin progression following Q2 2026 GAAP gross margin of 43.9% and non-GAAP gross margin of 46.8%.
Balance sheet and cash flow
- Cash and cash equivalents: $18,475 (in thousands) as of June 28, 2026, compared with $18,840 (in thousands) as of December 28, 2025.
- Revolving line of credit: $5,000 (in thousands) as of June 28, 2026, compared with $15,000 (in thousands) as of December 28, 2025.
- Notes payable, current: $1,645 (in thousands) as of June 28, 2026, compared with $1,870 (in thousands) as of December 28, 2025.
- Notes payable, non-current: $923 (in thousands) as of June 28, 2026, compared with $926 (in thousands) as of December 28, 2025.
- Total liabilities: $11,719 (in thousands) as of June 28, 2026, compared with $22,337 (in thousands) as of December 28, 2025.
- Total stockholders' equity: $31,241 (in thousands) as of June 28, 2026, compared with $22,467 (in thousands) as of December 28, 2025.
- Operating cash flow and free cash flow were not reported.
Analysis
QuickLogic reported fiscal second-quarter revenue of $5,482 (in thousands), with the company describing total revenue from continuing operations as $5.5 million, up 48.7% from the second quarter of 2025 and up 8.5% from the first quarter of 2026. New products drove the expansion, with approximately $4.7 million of revenue, up $1.7 million, or 59.7%, year over year and up $0.4 million, or 8.6%, sequentially. New products accounted for 85% of revenue, while mature-product revenue remained $0.8 million across the reported periods.
Margins improved substantially. GAAP gross margin from continuing operations reached 43.9%, compared with 25.9% in the second quarter of 2025 and 36.5% in the first quarter of 2026. Non-GAAP gross margin reached 46.8%, compared with 31.0% and 39.6%, respectively. Gross profit was $2,407 (in thousands), compared with $954 (in thousands) a year earlier and $1,842 (in thousands) in the preceding quarter.
The company remained unprofitable despite the stronger revenue and gross-margin performance. GAAP operating loss was $(1,717) (in thousands), compared with $(2,522) (in thousands) in the prior-year quarter and $(2,118) (in thousands) in the prior quarter. GAAP net loss was $(887) (in thousands), or $(0.05) per share, while non-GAAP net loss was $(1,067) (in thousands), or $(0.06) per share. The GAAP result included a $950 (in thousands) gain on extinguishment of vendor payable, which was excluded from the non-GAAP reconciliation.
On the balance sheet, cash and cash equivalents were $18,475 (in thousands) as of June 28, 2026, compared with $18,840 (in thousands) at December 28, 2025. The revolving line of credit was $5,000 (in thousands), compared with $15,000 (in thousands), and total liabilities were $11,719 (in thousands), compared with $22,337 (in thousands). No operating cash flow or free cash flow was reported in the filing.
Management narrowed its full-year 2026 growth outlook to a range of 70% to 80% and said it is modeling non-GAAP profitability and cash flow positive operations for the second half of 2026. The release highlighted eFPGA IP evaluation activity, a new OTP discrete FPGA packaging contract, and RadPro™ FPGA Dev Kit shipments. Revenue concentration remained pronounced in North America, which represented 88% of Q2 revenue, while Asia Pacific revenue declined (30)% from Q2 2025 and (9)% from Q1 2026.
Management, verbatim
We see 2026 shaping up to be a very successful year for QuickLogic.
Brian Faith, CEO of QuickLogic
As a result, we have narrowed our full-year growth outlook to a range of 70% to 80%.
Brian Faith, CEO of QuickLogic
With this anticipated growth, we are modeling non-GAAP profitability and cash flow positive operations for the second half of 2026.
Brian Faith, CEO of QuickLogic
Not in the filing
stated, not guessed- Prior outlook was not provided, so comparison of actual results with prior guidance is unavailable.
- Operating cash flow was not reported.
- Free cash flow was not reported.
- Share repurchases were not reported.
- Dividends were not reported.
- Quantitative gross-margin guidance was not reported.
- Quantitative operating-expense guidance was not reported.
- Quantitative tax-rate guidance was not reported.
- Quantitative quarterly revenue guidance was not reported.
- Formal reportable business-segment revenue was not reported.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC Form 8-K (Item 2.02) with Exhibit 99.1 covering QuickLogic’s fiscal second quarter 2026 results and related highlights.
Ticker impact
QuickLogic reported fiscal Q2 2026 results, including $5.5M revenue (+48.7% YoY), 43.9% GAAP gross margin, and narrowed full-year growth outlook to 70% to 80%.
Likely positive bias for the next session as traders weigh stronger YoY growth, improved gross margin, and the narrowed 70% to 80% growth outlook.
The article is a primary 8-K earnings release with multiple quantified improvements (revenue growth, gross margin expansion, reduced net losses) and an explicit guidance range for 2026.
Market effects
Improving margins and growth outlook in embedded FPGA and radiation-hardened FPGA niches may support sentiment toward small-cap defense and space semiconductor suppliers.
Limited direct regional impact; primarily affects US small-cap semiconductor sentiment.
Modest global relevance, as the disclosure is company-specific and not a broad industry macro print.
Counterpoint
Despite strong YoY growth, revenue remains small ($5.5M quarter) and the company still reports GAAP net losses, so the stock may remain volatile if margins or cash flow do not follow through.
Key entities
- companyQuickLogic Corporation
Embedded FPGA hard IP and radiation-hardened FPGA supplier reporting fiscal Q2 2026 results and narrowing full-year growth outlook.
- personBrian Faith
CEO quoted on the outlook and second-half profitability and cash flow expectations.
