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

QuickLogic (NASDAQ:QUIK) released 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 48.97% and a negative net margin of 102.41%.The firm had revenue of $5.48 million for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of QuickLogic stock traded down $1.56 during trading on Wednesday, reaching $12.67. The company’s stock had a trading volume of 485,757 shares, compared to its average volume of 365,269. The company has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $13.59. QuickLogic has a fifty-two week low of $4.80 and a fifty-two week high of $24.33. The firm has a market cap of $230.97 million, a PE ratio of -14.24 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In other QuickLogic news, Director Gary H. Tauss sold 2,195 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $19.20, for a total transaction of $42,144.00. Following the transaction, the director directly owned 15,908 shares of the company’s stock, valued at approximately $305,433.60. This trade represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian C. Faith sold 41,480 shares of QuickLogic stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $20.45, for a total transaction of $848,266.00. Following the completion of the transaction, the chief executive officer owned 228,412 shares in the company, valued at approximately $4,671,025.40. This represents a 15.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,175 shares of company stock worth $1,000,410 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Trading of QuickLogic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of QuickLogic by 5.0% in the 4th quarter. State Street Corp now owns 65,056 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 3,100 shares during the last quarter. Jane Street Group LLC raised its stake in shares of QuickLogic by 245.2% during the fourth quarter. Jane Street Group LLC now owns 47,906 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 34,029 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of QuickLogic by 25.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 33,882 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 6,974 shares during the period. Geode Capital Management LLC grew its position in QuickLogic by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 169,902 shares of the semiconductor company’s stock valued at $1,021,000 after buying an additional 11,543 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in QuickLogic in the 3rd quarter valued at $406,000. 31.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

More QuickLogic News

Here are the key news stories impacting QuickLogic this week:

• Positive Sentiment: Revenue rose 48.7% year over year to approximately $5.5 million, led by a 59.7% increase in new-product revenue to about $4.7 million. GAAP gross margin also expanded to 43.9% from 25.9% a year earlier. QuickLogic Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management expects 70% to 80% revenue growth for full-year 2026 and is modeling non-GAAP profitability and positive operating cash flow during the second half of the year. Recent eFPGA, FPGA packaging and RadPro development activity may provide additional growth catalysts.
• Positive Sentiment: Needham & Company maintained a Buy rating, while lowering its price target from $22 to $20. The revised target still implies substantial potential upside based on the current trading level. Benzinga
• Neutral Sentiment: Institutional positioning was mixed: BlackRock and State Street increased their holdings, while several smaller funds exited or reduced positions. This suggests continued institutional interest but not uniform conviction.
• Negative Sentiment: QuickLogic reported a quarterly loss of $0.06 per share, worse than the expected $0.04 loss, while revenue of $5.48 million missed the $6.00 million consensus estimate. The company remains unprofitable, with a negative net margin and return on equity. QuickLogic Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Reported insider activity was entirely selling over the past six months, including sales by the CEO and CFO. While insider sales do not necessarily indicate deteriorating fundamentals, they can weigh on investor sentiment.

QuickLogic Company Profile

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.