QuickLogic reports wider-than-expected Q1 net loss

QuickLogic

12/05/2026 21:12

Overview

US embedded FPGA developer's fiscal Q1 revenue rose 17% yr/yr but missed analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company began initial shipments of RadPro FPGA Dev Kit and secured new contracts

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

NEW PRODUCT SHIPMENTS - Initial shipments of RadPro FPGA Dev Kit contributed to revenue growth

NEW CONTRACTS - Secured new 7-figure and mid-6-figure contracts for test chip and eFPGA enhancements

NEW PRODUCT REVENUE - Revenue growth was driven by a 14.5% yr/yr increase in new product revenue

Company press release: ID:nPn4KjzmRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$5.05 mln
$5.51 mln (3 Analysts)
Q1 Adjusted EPS
Miss
-$0.08
-$0.05 (3 Analysts)
Q1 Net Income
-$2.21 mln
Q1 Gross Margin
36.50%
Q1 Operating Expenses
$3.96 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $10.00, about 51.7% below its May 11 closing price of $20.69

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)