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QuickLogic’s First Quarter Financial Highlights for Fiscal 2026

QuickLogic Corporation, a prominent designer of embedded FPGA solutions, has recently announced its financial results for the first quarter of fiscal 2026, which concluded on March 29, 2026. The results reflect not only a substantial growth in revenues but also a variety of strategic advancements that position the company for a strong future.

Key Highlights

In the announcement made on May 12, 2026, QuickLogic revealed several highlights that underscore its ongoing progress:

• - The successful demonstration of the RadPro™ FPGA Development Kit at the 41st Hardened Electronics and Radiation Technology (HEART) Conference.
• - Initial shipments of the RadPro™ FPGA Development Kit are now in progress, marking a significant step in product rollout.
• - The company secured a new seven-figure contract for a Test Chip that will be fabricated using GlobalFoundries' 12LP process, which is poised to enhance their production capabilities.
• - Additionally, QuickLogic has entered into a mid-six-figure contract for enhancing its eFPGA Hard IP to target Intel's cutting-edge 18A technology.
• - The appointment of Quantum Leap Solutions as an authorized sales representative underscores QuickLogic's commitment to expanding its market reach.

According to Brian Faith, CEO of QuickLogic, these milestones reflect the company’s ongoing commitment to utilizing its innovative technology in collaboration with industry leaders. He commented, "Our progress in 2026 continues to leverage our investments in Intel 18A technology and our internally funded RadPro™ FPGA. With initial shipments of our RadPro™ Dev Kits underway and the newly signed contracts, we are on the path to achieving our growth objectives."

Financial Performance

QuickLogic's financial performance for the first quarter of fiscal 2026 is noteworthy:

• - Total revenue from continuing operations reached $5.1 million, reflecting a 16.8% increase compared to the same quarter in 2025 and a 35.3% rise from the last quarter of 2025.
• - Revenue generated from new products approximated $4.3 million, marking a 14.5% year-over-year increase and a staggering 50.7% increase from the previous quarter.
• - Mature product revenue also saw a rise to $0.8 million, compared to $0.6 million in the first quarter of 2025 and a slight decrease from the fourth quarter of 2025.

In terms of profitability, the GAAP gross margin for the first quarter of 2026 stood at 36.5%, which, while lower than the 43.4% reported in 2025, demonstrated an improvement from the 18.1% from the previous quarter. The non-GAAP gross margin was 39.6%.

Despite posting a first-quarter GAAP net loss of $2.2 million or 13 cents per share, the results signify a reduced loss compared to $2.2 million and 14 cents per share for the same period last year, and a significant improvement from a net loss of $5.9 million in the previous quarter.

Looking Ahead

QuickLogic plans to discuss its current financial results in a conference call scheduled for 2:30 p.m. Pacific Time today. Participants can join the conference via their phones or through the company’s Investor Relations website.

As QuickLogic sharpens its focus on the innovative applications of its products, the company remains optimistic about its future in the highly competitive semiconductor market. The recent financial results and new contracts are testaments to its strategic vision and robust operational capabilities.

Conclusion

With a strong foundation in advanced FPGA technologies and strategic contracts that bolster its product lineup, QuickLogic is well-positioned for continued growth. As they move through 2026, the implications of these results suggest a promising trajectory for stakeholders and customers alike.