QuickLogic Reports 153% Year-Over-Year Revenue Growth Driven by New Products
QuickLogic (QUIK) reported strong third-quarter results for 2026, with revenue reaching $5.1 million, a 153.2% increase compared to the previous year. This growth was primarily fueled by new product revenue, which surged 324.4% year-over-year to account for nearly 80% of total revenue. Despite the top-line surge, non-GAAP gross margins compressed to 41% due to fixed cost absorption and R&D allocations. The company provided optimistic guidance for Q4, projecting revenue of $8.0 million and a significant rebound in non-GAAP gross margins to approximately 55%. Management expects the company to achieve non-GAAP profitability in the second half of 2026, supported by an expansion in intellectual property licensing, services, and upcoming government contract tranches.