QuickLogic (NASDAQ:QUIK) Posts Earnings Results, Misses Expectations By $0.02 EPS

QuickLogic (NASDAQ:QUIKGet Free Report) posted its earnings results on Tuesday. The semiconductor company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), FiscalAI reports. QuickLogic had a negative return on equity of 48.74% and a negative net margin of 80.18%.The business had revenue of $5.48 million during the quarter, compared to the consensus estimate of $6.00 million.

Here are the key takeaways from QuickLogic’s conference call:

  • QuickLogic narrowed its 2026 revenue-growth outlook to 70%–80% and continues to model non-GAAP profitability and positive cash flow in the second half of the year.
  • Second-quarter revenue was $5.5 million, below the midpoint of guidance, because a seven-figure contract extension was delayed while the customer reassesses its ASIC/eFPGA design. The delay also led management to forecast roughly flat third-quarter revenue and remove the extension from its 2026 outlook.
  • The company expects fourth-quarter growth to be supported by its $89 million-ceiling U.S. government contract, mature products, RadPro development kits, and existing IP contracts, although some revenue depends on closing late-stage negotiations and meeting delivery milestones.
  • QuickLogic reported improved non-GAAP gross margin of 46.8% in Q2 and ended the quarter with $13.5 million of net cash, excluding a $5 million credit-line draw, compared with $3.8 million at the end of 2025.
  • Management highlighted expanding opportunities for 2027 and beyond, including Intel 18A-P eFPGA designs, automotive/robotics and satellite applications, RadPro and other Storefront products, chiplets, a potential second eFPGA architectural license, and a new small-package mature-product opportunity that could become a multimillion-dollar market.

QuickLogic Trading Down 5.7%

Shares of QuickLogic stock traded down $0.74 on Thursday, hitting $12.34. 130,511 shares of the company traded hands, compared to its average volume of 365,608. The stock’s 50 day moving average price is $16.58 and its 200-day moving average price is $13.62. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06. QuickLogic has a 52 week low of $4.80 and a 52 week high of $24.33. The company has a market cap of $224.87 million, a PE ratio of -16.02 and a beta of 1.24.

Insider Buying and Selling

In related news, CEO Brian C. Faith sold 41,480 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $20.45, for a total value of $848,266.00. Following the transaction, the chief executive officer owned 228,412 shares of the company’s stock, valued at $4,671,025.40. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary H. Tauss sold 2,195 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $19.20, for a total value of $42,144.00. Following the transaction, the director owned 15,908 shares in the company, valued at $305,433.60. The trade was a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,175 shares of company stock valued at $1,000,410 over the last quarter. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QuickLogic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP bought a new position in QuickLogic during the 3rd quarter worth about $406,000. Jane Street Group LLC increased its position in QuickLogic by 245.2% during the 4th quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 34,029 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of QuickLogic by 40.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,576 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 28,751 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of QuickLogic by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 655,877 shares of the semiconductor company’s stock valued at $3,975,000 after purchasing an additional 28,587 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of QuickLogic in the 2nd quarter worth approximately $171,000. Institutional investors own 31.54% of the company’s stock.

Analyst Upgrades and Downgrades

QUIK has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of QuickLogic in a research report on Wednesday, June 24th. Wall Street Zen raised QuickLogic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Needham & Company LLC decreased their price target on QuickLogic from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $22.00 price objective (up from $11.00) on shares of QuickLogic in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.

Check Out Our Latest Stock Report on QUIK

About QuickLogic

(Get Free Report)

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that specializes in ultra-low power, multi-core sensor processing System-on-Chip (SoC) solutions and embedded field programmable gate array (eFPGA) intellectual property. The company’s products are designed to enable always-on, voice-activated, and vision-driven applications at the edge, delivering a balance of performance, flexibility, and power efficiency. QuickLogic’s technology is often deployed in consumer, mobile, and industrial IoT devices, where minimizing energy consumption is critical.

Among QuickLogic’s key offerings is the EOS™ family of sensor processing SoCs, which integrate ARM Cortex-M cores alongside proprietary sensor fusion and neural network engines, coupled with customizable FPGA fabric.

See Also

Earnings History for QuickLogic (NASDAQ:QUIK)

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