10-Q · August 12, 2026
QuickLogic delivered strong year-over-year improvement in Q2 2026, with revenue up 49% to $5.482 million, gross margin rising to 44%, and the continuing-operations loss narrowing to $0.9 million. Growth was concentrated…
QUIK earnings analysis
10-Q · Filed November 12, 2026 · Our reading of the company's report
The latest report
QuickLogic delivered strong year-over-year improvement in the third quarter, with revenue up 153% to $5.138 million, gross margin improving to 37% from negative 23%, and operating cash flow turning positive at $3.466…
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QuickLogic delivered strong year-over-year improvement in the third quarter, with revenue up 153% to $5.138 million, gross margin improving to 37% from negative 23%, and operating cash flow turning positive at $3.466 million for the first nine months. However, revenue declined 6% sequentially, missed consensus by approximately 6.7%, and the company remained loss-making with a $2.2 million quarterly loss from continuing operations. Growth is heavily concentrated in eFPGA IP and professional services, while management provided no quantitative guidance; the filing states that there were no material changes to previously disclosed risk factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Revenue surged year over year
Third-quarter revenue was $5.138 million, up $3.109 million or 153% year over year, but down 6% from the prior quarter. Revenue was below the $5.5074 million consensus estimate by approximately 6.7%.
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Margins improved sharply
Gross profit was $1.921 million, or 37% margin, versus a gross loss of $(472) thousand and a negative 23% margin in the prior-year quarter. Operating margin improved to negative 41% from negative 193%.
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eFPGA IP drove growth
New product revenue increased to $4.045 million, up 324% year over year, with eFPGA IP and professional services contributing $3.897 million, up 479%.
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Nine-month profitability trends improved
Nine-month revenue increased 56% to $15.671 million, while gross profit rose 162% to $6.170 million and gross margin expanded to 39% from 23%.
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Cash generation turned positive
Operating cash flow was $3.466 million for the nine months ended September 27, 2026, versus $(1.367) million in the prior-year period. Investing cash outflow declined to $1.696 million from $4.532 million.
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Liquidity remains adequate
Cash and cash equivalents were $19.2 million at September 27, 2026, while total interest-bearing debt was $7.3 million, consisting of a $5.0 million revolving-credit advance and $2.3 million of notes payable.
What to watch
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Business remains unprofitable
The company reported a $2.2 million net loss from continuing operations in the quarter, compared with a $0.9 million loss in the prior quarter; operating expenses were $4.037 million, or 78% of revenue.
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Revenue remains volatile
Sequential revenue declined 6% to $5.138 million, and new product revenue declined 13% to $4.045 million. Management attributes revenue variability to contract timing, government-contract milestones, product life cycles and customer production volumes.
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High contract concentration
Revenue concentration increased in eFPGA IP and professional services, which represented $3.897 million, or approximately 76% of total revenue, in the quarter; the company stated the increase was primarily driven by a current tranche of one U.S. Government contract and additional eFPGA IP contracts.
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Debt and funding dependence
The company had $7.3 million of interest-bearing debt at September 27, 2026, including a $5.0 million revolving-credit advance and $2.3 million of notes payable, while nine-month net loss was $5.3 million.
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Inventory obsolescence exposure
Inventory balances decreased $0.2 million during the first nine months, but the company recorded $0.4 million of inventory write-downs in operating cash-flow adjustments and warned that shorter product life cycles in some non-aerospace and defense markets could increase obsolescence risk.
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Potential shareholder dilution
The company sold 903 thousand shares under its ATM offering for approximately $9.5 million of net proceeds during the first nine months, indicating continued reliance on equity financing to support liquidity and investment needs.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q. Management expects future revenue growth to depend on eFPGA IP adoption, new FPGA introductions and demand for existing products, and believes available liquidity is sufficient to fund operations and capital expenditures for at least the next 12 months.
Earlier filings 4
10-Q · May 13, 2026
QuickLogic Corporation (QUIK) reported Q1 2026 revenues of $5.1 million, a 35% increase sequentially but fell short of estimates by 8.3%. The company posted a net loss of $2.2 million or ($0.08) per share, worse than…
10-K · March 27, 2026
QuickLogic positions itself as a specialist fabless programmable-logic company focused on eFPGA IP licensing, discrete FPGA devices and tools with an emphasis on aerospace/defense and mission‑critical markets. The…
10-Q · November 12, 2025
QuickLogic reported Q3 2025 revenue of $2.029 million and a GAAP net loss of $4.007 million (diluted EPS $(0.24)), with gross loss of $0.472 million and operating loss of $3.927 million — all materially worse versus Q3…
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