Quicklogic Corp. (QUIK)
NASDAQ:QUIK
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QuickLogic
(NASDAQ:QUIK)
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Rating:56Neutral
Price Target:
$20.50
▲(71.69% Upside)
Action:ReiteratedDate:04/30/26
The score is held back primarily by weak current financial performance (sharp margin compression, widening losses, and negative free cash flow). Offsetting this, technicals show strong upward momentum and the latest earnings call highlighted sizeable contract-driven catalysts and improving guidance, though near-term margin volatility and liquidity sensitivity remain key risks.
Positive Factors
U.S. government contract expansion
The $13M tranche and expanded $89M program create funded backlog and multi-year funded opportunity. Defense programs tend to provide durable, contract-backed revenue and longer procurement cycles, supporting sustained R&D and product roadmap investment over several years.
Negative Factors
Declining revenue and margin compression
Sharp revenue decline and a large gross margin drop indicate structural selling or mix challenges. Persistently lower margins reduce the company's ability to self-fund R&D and sales, increasing dependence on external financing and weakening long-term profitability resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
U.S. government contract expansion
The $13M tranche and expanded $89M program create funded backlog and multi-year funded opportunity. Defense programs tend to provide durable, contract-backed revenue and longer procurement cycles, supporting sustained R&D and product roadmap investment over several years.
Read all positive factors
QuickLogic (QUIK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$352.46M
Dividend YieldN/A
Average Volume (3M)202.79K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth-31.51%
EPS Growth-241.84%
CountryUS
Employees59
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.91
Shares Outstanding17,720,434
10 Day Avg. Volume224,412
30 Day Avg. Volume202,793
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)4.44
Price to Sales (P/S)7.24
P/FCF Ratio-15.52
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue25.55
Enterprise Value/Gross Profit115.97
Enterprise Value/Ebitda-57.89
Forecast
1Y Price Target
$9.50Price Target Upside-20.44% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$23.17M
QuickLogic Business Overview & Revenue Model
Company Description
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing sol...
How the Company Makes Money
QuickLogic primarily makes money by licensing its programmable logic intellectual property (IP)—notably embedded FPGA (eFPGA) technology—to semiconductor and system companies that integrate the IP into their own SoCs. Under this model, revenue is ...
QuickLogic Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call presented a mix of near-term financial weakness and one-time/operational headwinds (Q4 revenue down 35% YoY, low gross margin, net loss, SensiML impairment and contract timing delays) but was heavy on strategic, technical, and contract-driven catalysts that materially improve the company’s addressable market and revenue prospects (notably the $13M tranche and potential $89M government program expansion, SRH test chip momentum, architectural PPA improvements, commercial validations such as Epson's 50% power reduction, multiple Intel 18A engagements, and planned MPW tape-outs). Management provided optimistic 2026 revenue growth targets (50%–100%), Q1 guidance implying ~50% sequential growth, and a path to improved margins and positive cash flow in H2. Given the breadth and size of the forward-looking commercial and government opportunities and recent capital actions, the strategic upside and catalysts outweigh the near-term financial headwinds.Positive Updates
U.S. Government Contract Tranche and Program Expansion
Awarded a $13.0M tranche that begins revenue recognition in Q1; prime U.S. government contract has expanded in scope and is described as a potential $89M program, which materially increases funded backlog and underpins near-term revenue and multi-year opportunity.
Negative Updates
Significant Year-over-Year Revenue Decline in Q4
Total Q4 revenue was $3.7M, down 35% versus Q4 2024; new product revenue was $2.8M (down 39% YoY) despite strong sequential recovery (new product revenue up 199% QoQ).
Read all updates
Q4-2025 Updates
Positive
Negative
U.S. Government Contract Tranche and Program Expansion
Awarded a $13.0M tranche that begins revenue recognition in Q1; prime U.S. government contract has expanded in scope and is described as a potential $89M program, which materially increases funded backlog and underpins near-term revenue and multi-year opportunity.
Read all positive updates
Company Guidance
QuickLogic guided Q1 FY2026 revenue of $5.5M ±10% (implying roughly $4.95M–$6.05M), made up of approximately $4.5M new product and $1.0M mature product (with mature product revenue modeled at ≈$4M for the full year); Q1 non‑GAAP gross margin is expected to be ~45% ±5% (full‑year modeled at ~57%), Q1 non‑GAAP operating expense ~ $3.2M ±5% and full‑year non‑GAAP OpEx ~ $13.5M (≈14% growth vs. 2025), and Q1 non‑GAAP net loss is forecast at about $0.8M (≈$0.04 per share) with stock‑based compensation ~$0.8M in the quarter; the company ended Q4 with $18.8M cash (including a $15M credit facility), raised ≈$3.2M on its ATM, expects Q1 cash use net of ATM proceeds of ≈$1.4M, is pursuing a new banking partner to reduce its credit line from $20M to $10M, plans three MPW tape‑outs in 2026 (two fully customer‑funded, one partially), and cautioned that a high services mix, leased software tools and outside engineering costs (some of which may be capitalized) will weigh on margins in H1.QuickLogic Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.77M | 20.11M | 21.20M | 16.18M | 12.69M |
| Gross Profit | 3.03M | 11.89M | 14.49M | 8.80M | 7.42M |
| EBITDA | -11.54M | -637.67K | 2.22M | -3.05M | -6.81M |
| Net Income | -14.83M | -3.84M | -263.00K | -4.27M | -6.62M |
Balance Sheet | |||||
| Total Assets | 44.79M | 51.93M | 47.79M | 32.59M | 28.97M |
| Cash, Cash Equivalents and Short-Term Investments | 18.84M | 21.88M | 24.61M | 19.20M | 19.61M |
| Total Debt | 18.24M | 21.86M | 22.39M | 16.39M | 17.38M |
| Total Liabilities | 22.34M | 27.05M | 30.90M | 20.69M | 19.76M |
| Stockholders Equity | 22.45M | 24.89M | 16.89M | 11.89M | 9.21M |
Cash Flow | |||||
| Free Cash Flow | -6.43M | -6.44M | -1.49M | -4.87M | -3.58M |
| Operating Cash Flow | -3.26M | 27.00K | 4.85M | -4.06M | -2.86M |
| Investing Cash Flow | -3.69M | -6.46M | -6.34M | -814.00K | -713.00K |
| Financing Cash Flow | 3.91M | 3.71M | 6.90M | 4.47M | 434.00K |
QuickLogic Technical Analysis
Positive
11.94
Price Trends
9.03
Positive
7.97
Positive
7.08
Positive
Market Momentum
0.86
Negative
72.48
Negative
89.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUIK, the sentiment is Positive. The current price of 11.94 is above the 20-day moving average (MA) of 10.35, above the 50-day MA of 9.03, and above the 200-day MA of 7.08, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 72.48 is Negative, neither overbought nor oversold. The STOCH value of 89.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QUIK.
QuickLogic Risk Analysis
QuickLogic disclosed 40 risk factors in its most recent earnings report. QuickLogic reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
QuickLogic Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $215.55M | 53.00 | 0.57% | ― | -5.04% | ― | |
59 Neutral | $305.77M | ― | -9.02% | ― | 22.44% | 1.58% | |
56 Neutral | $352.46M | -4.18 | -58.66% | ― | -31.51% | -241.84% | |
51 Neutral | $52.69M | >-0.01 | -134.56% | ― | -34.03% | ― | |
51 Neutral | $123.24M | -1.76 | 58.01% | ― | -68.60% | -220.58% | |
47 Neutral | $36.45M | -2.36 | 109.22% | ― | -38.72% | 16.01% |
* Technology Sector Average
QUIK
QuickLogic
19.89
13.51
211.76%
GSIT
GSI Technology
8.45
4.92
139.38%
INTT
inTEST
17.25
11.26
187.98%
PXLW
Pixelworks
5.73
-1.12
-16.31%
SQNS
Sequans Communications S A
3.46
-12.44
-78.24%
GCTS
GCT Semiconductor Holding
1.70
0.05
3.03%
QuickLogic Corporate Events
Business Operations and StrategyPrivate Placements and Financing
QuickLogic Secures New $10 Million Revolving Credit Facility
Positive
Apr 29, 2026
On April 24, 2026, QuickLogic Corporation entered into a $10 million secured revolving credit facility with Sunflower Bank, replacing its prior arrangement with Heritage Bank of Commerce and establishing a new senior banking relationship. The faci...
Business Operations and StrategyFinancial Disclosures
QuickLogic Reports Q4 Loss Amid Strategic Program Expansion
Negative
Mar 3, 2026
On March 3, 2026, QuickLogic reported fiscal fourth-quarter 2025 revenue from continuing operations of $3.7 million, down 34.2% year-on-year but up 84.0% sequentially, with new product revenue at $2.8 million and mature product revenue at $0.9 mil...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.