San Jose, California, November 10th / PRNewswire / -- QuickLogic ® Corporation (Nasdaq ticker: QUIK) (hereinafter referred to as “QuickLogic” or “the Company”) today announced its financial results for the third quarter of fiscal year 2026, which ended on September 27, 2026. The Company develops embedded FPGA (“eFPGA”) hardware, strategic radiation-resistant FPGA, anti-fuse FPGA, as well as reinforced programmable logic solutions.
Recent Highlights
- The company has won a six-figure eFPGA hardware IP design contract, targeting the automotive industry SoC. It will be applied in the fields of battery management, precision motor control, and robotics, and utilizes 16-nanometer process technology.
- The company has expanded its product portfolio with a new 12LP core, which enhances the DSP capabilities of the eFPGA IP products. This core can be scaled to over 250,000 LUT, and it also offers the option to configure health monitoring features to improve reliability in critical task applications.
- Appoint James Sullivan as Senior Vice President and Chief Financial Officer
QuickLogic CEO Brian Faith stated: "The design contracts we have recently secured in the automotive and industrial sectors strongly validate our eFPGA technology. Combined with our latest advancements in eFPGA hardware and IP, as well as our continuous progress on the strategic radiation resistance FPGA project in the United States, we are building momentum in key business areas and expect to conclude this year with strong performance."
Financial Results for the Third Quarter of Fiscal Year 2026
As of the third quarter of the fiscal year 2026, total revenue from continuing operations amounted to $5.1 million, representing a 153.2% increase compared to the third quarter of 2025 and a 6.3% decrease compared to the second quarter of 2026.
New product revenue from ongoing operations amounted to approximately $4 million, an increase of $3.1 million compared to the third quarter of 2025, representing a growth of 324.4%, and a decrease of $600,000 compared to the second quarter of 2026, representing a decline of 13.2%.
Revenue from mature products from ongoing operations amounted to $1.1 million, which is the same as $1.1 million in the third quarter of 2025 and represents an increase from $800,000 in the second quarter of 2026.
In the third quarter of 2026, the gross margin from continuing operations of GAAP was 37.4%, compared to -23.3% in the third quarter of 2025 and 43.9% in the second quarter of 2026.
In the third quarter of 2026, the gross margin from continuing operations, excluding GAAP, was 41.0%, compared to -11.9% in the third quarter of 2025 and 46.8% in the second quarter of 2026.
In the third quarter of 2026, the operating expenses from continuing operations for GAAP were $4 million, compared to $3.5 million in the third quarter of 2025 and $4.1 million in the second quarter of 2026.
In the third quarter of 2026, non-GAAP operating expenses from continuing operations amounted to $3.3 million, compared to $2.9 million in the third quarter of 2025 and $3.5 million in the second quarter of 2026.
In the third quarter of 2026, GAAP incurred a net loss of $2.2 million, equivalent to a loss of $0.12 per share; in the third quarter of 2025, the net loss was $4 million, which is $0.24 per share; in the second quarter of 2026, the net loss was $900,000, or $0.05 per share.
In the third quarter of 2026, the non-GAAP net loss was $1.3 million, equivalent to a loss of $0.07 per share; in the third quarter of 2025, the net loss was $3.2 million, equivalent to a loss of $0.19 per share; in the second quarter of 2026, the net loss was $1.1 million, equivalent to a loss of $0.06 per share.
Teleconference
QuickLogic will hold a teleconference today, on November 10, 2026, at 2:30 PM Pacific Time / 5:30 PM Eastern Time, to discuss the current financial results. The teleconference will be webcasted live through the QuickLogic investor relations website event page, with the URL being https :// ir.quicklogic.com / ir-calendar. Those wishing to participate in the live teleconference should call (877) 407-0792 before 2:20 PM Pacific Time; international participants should call (201) 689-8263. A recording of the meeting will be available approximately one hour after it concludes. To listen to the recording, please call (844) 512-2921 and enter the access code 13763456.
Telephone recordings can be listened to until November 17, 2026, and the online live broadcasts will be retained on the company's website for 12 months.
About QuickLogic
QuickLogic is a fabless semiconductor company that focuses on eFPGA hard IP, strategic radiation resistance and anti-fuse FPGA, as well as reinforced programmable logic solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to provide highly customizable, low-power solutions for the aerospace and defense, industrial, computing, and consumer markets. For more information, please visit www.quicklogic.com.
QuickLogic uses its website (www.quicklogic.com), blog (https :// www.quicklogic.com / blog /), and LinkedIn page (https :// www.linkedin.com / company /13512/) as channels for publishing product information, planned financial and other announcements, upcoming investor and industry meetings, as well as other matters. Such information may be considered significant, and therefore QuickLogic may utilize these channels to fulfill its information disclosure obligations under Regulation FD. As such, in addition to following the company's press releases, SEC documents, public teleconferences, and webcasts, investors should also pay attention to the company's website and its social media accounts.
Non-GAAP financial indicators
QuickLogic reports financial information in accordance with generally accepted accounting principles in the United States (“GAAP”), but believes that non-GAAP financial indicators are helpful for assessing its operating results and for comparing its performance with that of comparable companies. Therefore, when calculating the following non-GAAP indicators, the company has excluded certain expenses related to stock-based compensation, impairment charges, and restructuring costs, as well as significant non-recurring gains: (i) operating expenses, (ii) operating income (loss), (iii) net income (loss), (iv) net income per share (loss), and (v) revenue cost and gross margin percentage. The company provides this non-GAAP information to enable investors to assess its operating performance in a manner consistent with the company's own analysis of its operating results and to provide support for consistency and comparability with similar companies within the industry.
Management uses these non-GAAP indicators to assess the comparison between operational performance and previous results, as well as against business plans and forecasts. These indicators exclude revenues, losses, and other expenses that management considers not to be part of the company's core operational results. In addition, non-GAAP indicators are also used for planning the company's future periods and serve as a basis for resource allocation, operational management, and for measuring cash flows linked to profits, as well as equity compensation paid to employees and executives.
However, investors should note that the non-GAAP financial indicators used by QuickLogic may differ from those used by other companies, and the calculation methods may also vary. QuickLogic does not recommend that investors rely solely on these non-GAAP financial indicators as a substitute for GAAP financial information. The press release's financial statements section includes a reconciliation table of GAAP financial indicators and non-GAAP financial indicators. It is advised that investors review both the relevant GAAP financial indicators and the reconciliation relationships between the non-GAAP financial indicators and the most directly comparable GAAP financial indicators.
Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the company's future profitability, revenue growth, and cash flows; expectations for future business; timing, milestones, and payments related to government contracts; expectations regarding anticipated contracts and their expected scale; and expectations regarding customer adoption rates and/or orders. Actual results may vary due to a number of factors, including: delays in the market acceptance of new products; the ability to convert design opportunities into customer revenue; the ability to generate revenue from products at the end of their lifecycle; the level and timing of customer design activities; the market acceptance of the company's products; the risk that orders may not be converted into future revenue; the ability to launch and produce new products based on advanced wafer technology in a timely manner; the ability to effectively promote the low power consumption, competitive pricing, and short time-to-market advantages of the company's new products; intense competition; the ability to recruit and retain qualified personnel; changes in product demand or supply; overall economic conditions; political events, international trade disputes, natural disasters, and other business disruptions that may disrupt the company's product supply, delivery, or demand; as well as changes in tax rates and the risk of additional tax liabilities. These and other factors and uncertainties that could cause actual results to differ significantly from those anticipated or implied in the forward-looking statements are described in more detail in the company's public reports filed with the U.S. Securities and Exchange Commission (“SEC”), including the “Risk Factors” sections of the company's 10-K annual reports and 10-Q quarterly reports, as well as in previous press releases. This information is available on the company's investor relations websites at http :// ir.quicklogic.com / and SEC www.sec.gov /.In addition, please note that this press release was issued on November 10, 2026. Any forward-looking statements contained within it are based on the management's current expectations and assumptions as of that date, which the company considers to be reasonable. Even if new information or other events arise in the future, the company has no obligation to update these statements.
“QuickLogic” and its registered trademark identified as “QuickLogic”. All other trademarks are the property of their respective owners and should be handled in accordance with the corresponding rights ownership.
Code: QUIK-E
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