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

QuickLogic (NASDAQ:QUIK) issued its quarterly earnings results on Tuesday. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02), FiscalAI reports. The firm had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.51 million. QuickLogic had a negative net margin of 80.18% and a negative return on equity of 45.22%.

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

• Positive Sentiment: QuickLogic reported Q3 revenue of $5.1 million, up 153% year over year, and forecasts Q4 revenue of $8 million, implying 72% full-year 2026 growth. Management expects Q4 non-GAAP net income of about $1.3 million and full-year cash-flow-positive operations.
• Negative Sentiment: Q3 revenue came in below the guidance midpoint after a customer expanded negotiations on a roughly $1 million IP contract to include a storefront provision. QuickLogic expects to finalize the contract and recognize revenue in Q4, so part of its outlook depends on closing customer agreements on time.
• Positive Sentiment: Management described growing eFPGA IP opportunities across automotive, industrial robotics, biomedical, defense, aerospace, satellite, and data-center markets. Several contracts and design wins could add ratable IP revenue and, if customer products enter production, ongoing royalties; however, some prospects remain unawarded or under evaluation.
• Positive Sentiment: QuickLogic is targeting storefront revenue in 2027 from RadPro devices, FPGA and chiplet solutions, and smaller packages for mature antifuse products. Management sees potential for a multimillion-dollar market in the smaller-package opportunity, but these revenue expectations depend on customer demand, evaluations, and planned development milestones.

QuickLogic Price Performance

Shares of NASDAQ:QUIK traded down $0.25 during midday trading on Tuesday, reaching $8.22. 210,417 shares of the company’s stock were exchanged, compared to its average volume of 323,186. The company’s 50 day simple moving average is $10.09 and its two-hundred day simple moving average is $12.56. The firm has a market capitalization of $150.59 million, a PE ratio of -10.68 and a beta of 1.18. QuickLogic has a 12 month low of $5.28 and a 12 month high of $24.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.06 and a current ratio of 2.15.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QUIK. Weiss Ratings downgraded QuickLogic from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of QuickLogic in a research report on Monday, September 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.00.

Insider Activity

In related news, CEO Brian Faith sold 17,255 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $10.21, for a total value of $176,173.55. Following the sale, the chief executive officer owned 271,065 shares of the company’s stock, valued at $2,767,573.65. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elias Nader sold 8,291 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $10.21, for a total transaction of $84,651.11. Following the completion of the transaction, the chief financial officer directly owned 88,845 shares of the company’s stock, valued at $907,107.45. This trade represents a 8.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 90,044 shares of company stock worth $950,748. Corporate insiders own 3.20% of the company’s stock.

QuickLogic Company Profile

QuickLogic Corporation is a fabless semiconductor company that develops low-power, programmable semiconductor solutions and embedded FPGA (eFPGA) intellectual property. Its technology is designed to allow customers to add configurable logic to application-specific integrated circuits (ASICs) and systems-on-chip (SoCs), helping support customization, connectivity, sensor processing and other functions without requiring a separate FPGA device. The company offers eFPGA IP, customer-specific standard products (CSSPs), and related development tools and design services.