QuickLogic Q2 revenue rises less than expected

QuickLogic

11/08/2026 21:13

Overview
US embedded FPGA developer's fiscal Q2 revenue rose 49% yr/yr but missed analyst expectations
Adjusted loss per share for fiscal Q2 missed analyst expectations
Company expects non-GAAP profitability and positive cash flow in H2 2026

Outlook
QuickLogic narrows 2026 full-year growth outlook to 70%-80%
Company expects non-GAAP profitability and cash flow positive operations in H2 2026

Result Drivers
NEW PRODUCT SALES - Q2 revenue growth was driven by new product sales, which rose 60% yr/yr and accounted for 85% of total revenue
GROSS MARGIN IMPROVEMENT - Co reported higher Q2 gross margin, citing improved product mix and operational efficiencies
CUSTOMER CONTRACTS - Co secured contracts for eFPGA IP feasibility study and new packaging development, and shipped radiation-hardened FPGA dev kits

Company press release: ID:nPnmcKWja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$5.48 mln
$6.003 mln (4 Analysts)
Q2 Adjusted Loss Per Share
Miss
$0.06
$0.04 (4 Analysts)
Q2 Net Loss
 
$887,000
 
Q2 Gross Margin
 
43.9%
 
Q2 Loss Per Basic Share
 
$0.05
 
Q2 Operating Expenses
 
$4.12 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Quicklogic Corp is $22.00, about 59.9% above its August 10 closing price of $13.76
The stock recently traded at 156 times the next 12-month earnings vs. a P/E of 528 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)