QuickLogic Reports Q2 Earnings with Strong Revenue Growth Amid Contract Delays
QuickLogic (NASDAQ:QUIK) reported second-quarter revenue of $5.5 million, reflecting a year-over-year increase of 48.7% and an 8.5% sequential rise from the first quarter of 2026. New product revenue reached $4.7 million, growing at a faster pace than overall revenue with a 59.7% annual growth rate. The company's non-GAAP gross margin improved significantly to 46.8%, surpassing expectations and up sharply compared to the prior year’s second quarter of 31%. Despite this progress, QuickLogic reported a non-GAAP net loss of $1.1 million or $0.06 per share for Q2. The company raised its full-year revenue guidance range to between 70% and 80%, citing strong existing contracts and orders as the basis for optimism. However, it warned that third-quarter revenue is expected to remain flat at around $5.5 million due to a delayed contract extension with one of its customers. QuickLogic also highlighted an active proposal pipeline involving chiplets targeting advanced fabrication processes from Intel and GlobalFoundries. The company’s financial position remains stable, with net cash holdings reaching $13.5 million after raising capital through an at-the-market offering in 2026.
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