QuickLogic Sequential Revenue Falls After Prior Rise

The Tip Desk · November 10, 2026 · 2 min read

Third-quarter continuing-operations revenue was $5.1 million, down 6.3% from the second quarter, as new-product sales slipped and GAAP net loss widened to $2.2 million.

QuickLogic Corporation (QUIK), a developer of embedded FPGA hard IP and radiation-hardened programmable logic, reported fiscal third-quarter revenue from continuing operations of $5.1 million for the period ended September 27, 2026. That was a 153.2% increase from the year-earlier quarter, but a 6.3% decline from the second quarter’s $5.5 million. Sequential revenue had risen 8.5% in the prior quarter.

New product revenue, which includes devices on 180-nanometer or smaller processes plus eFPGA IP and related professional services, was approximately $4.0 million. That was down $0.6 million, or 13.2%, from $4.7 million in the second quarter, after an 8.6% sequential increase in the prior period. New products accounted for 79% of revenue, versus 85% in the second quarter.

Mature product revenue, from processes larger than 180 nanometers, was $1.1 million, up 33% from $0.8 million in the second quarter and now 21% of the mix. The company said it did not recognize revenue at the SensiML entity held for disposal in the periods presented.

GAAP gross margin from continuing operations fell to 37.4% from 43.9% in the second quarter. Non-GAAP gross margin was 41.0%, compared with 46.8%. GAAP operating expenses were $4.0 million, slightly below $4.1 million in the second quarter; non-GAAP operating expenses were $3.3 million versus $3.5 million. Restructuring costs were $34 thousand.

GAAP net loss widened to $2.2 million, or $0.12 a share, from $0.9 million, or $0.05, in the second quarter. Non-GAAP net loss was $1.3 million, or $0.07 a share, versus $1.1 million, or $0.06.

North America was 85% of revenue, down from 88% in the second quarter. Europe was 6% and Asia Pacific 9%.

The company said it secured a six-figure eFPGA hard IP design win for an automotive industrial SoC targeting battery management, precision motor control, and robotic applications on a 16-nanometer process. It also expanded its eFPGA IP portfolio with a new 12LP core featuring enhanced DSP capabilities, scalability beyond 250,000 LUTs, and optional configuration-bit health monitoring. Chief Executive Brian Faith said the automotive and industrial win was a validation of the eFPGA technology and that, combined with the latest IP advancements and progress on the U.S. strategic radiation-hardened FPGA program, the company was building momentum and anticipated a strong finish to the year.

QuickLogic appointed James Sullivan as Senior Vice President of Finance and Chief Financial Officer. Cash and cash equivalents were $19.2 million at quarter-end. The revolving line of credit stood at $5.0 million.