QuickLogic (QUIK)
NASDAQ:QUIK
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QuickLogic
(NASDAQ:QUIK)
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Rating:60Neutral
Price Target:
$24.00
▲(101.01% Upside)
Action:Reiterated
Date:05/14/26
The score balances materially weak trailing profitability and negative free cash flow (largest drag) against strong technical momentum and a constructive earnings outlook pointing to improving revenue, margins, and liquidity. Valuation provides limited support due to ongoing losses and the lack of a dividend yield.
Positive Factors
Proprietary eFPGA IP & product roadmap
RadPro and the Intel 18A eFPGA hard‑IP work represent durable product differentiation and broaden addressable markets (radiation‑hardened, high‑density FPGA). These technical milestones increase long‑term stickiness in aerospace, defense, and high‑reliability markets and expand TAM beyond legacy eFPGA licensing.
Negative Factors
Very weak profitability and cash generation
Persistently large negative net margins and negative free cash flow signal that the business is not yet self‑funding; continued cash consumption could erode equity or force dilutive financing if product ramps or contract timing slip, threatening the durability of the roadmap.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary eFPGA IP & product roadmap
RadPro and the Intel 18A eFPGA hard‑IP work represent durable product differentiation and broaden addressable markets (radiation‑hardened, high‑density FPGA). These technical milestones increase long‑term stickiness in aerospace, defense, and high‑reliability markets and expand TAM beyond legacy eFPGA licensing.
Read all positive factors
QuickLogic (QUIK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$392.93M
Dividend YieldN/A
Average Volume (3M)700.07K
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue Growth-21.32%
EPS Growth-113.45%
CountryUS
Employees59
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.90
Shares Outstanding18,224,806
10 Day Avg. Volume628,254
30 Day Avg. Volume700,071
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 Cap0.97
Enterprise Value/Revenue26.18
Enterprise Value/Gross Profit126.56
Enterprise Value/Ebitda-53.18
Forecast
1Y Price Target
$19.75Price Target Upside65.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)$24.35M
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call conveyed solid execution on product and IP development (RadPro FPGA, Intel 18A eFPGA hard IP), multiple contract wins and pipeline momentum, sequential and year‑over‑year revenue growth, improved cash position, and a clear plan to achieve full‑year non‑GAAP profitability. Key negatives were a below‑plan Q1 gross margin driven by inventory reserves, a $450K revenue timing delay that pushed some revenue into future quarters, continued quarterly net losses, customer concentration, and some uncertainty around funding/timing for certain DIB and commercial awards. On balance, actionable product milestones, signed contracts, guidance for continued growth, and improved cash leave the tone constructive despite operational timing and margin noise.Positive Updates
Revenue Growth — Q1 Performance
Total Q1 revenue of $5.1M, up 16.5% year-over-year and up 35.3% sequentially (Q4 2025).
Negative Updates
Gross Margin Shortfall in Q1
Non‑GAAP gross margin was 39.6% in Q1, below the company outlook (45% ±5%) and below Q1 2025 (45.7%). Management attributed the shortfall primarily to inventory reserves of approximately $300K, causing quarter‑to‑quarter variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth — Q1 Performance
Total Q1 revenue of $5.1M, up 16.5% year-over-year and up 35.3% sequentially (Q4 2025).
Read all positive updates
Company Guidance
QuickLogic guided Q2 (ending 6/28/2026) revenue of $6.0M ±10% (implied $5.4M–$6.6M), explicitly split into ~$5.2M of new‑product revenue and ~$0.8M of mature‑product revenue (with mature product revenue expected to rise to ~ $4M for the full year); Q2 non‑GAAP gross margin was pegged at ~42% ±5% (vs. a full‑year non‑GAAP gross‑profit target of ~57%), Q2 non‑GAAP operating expenses ~$3.3M ±5% (full‑year non‑GAAP OpEx ~ $13.5M, about +14% vs. 2025), and Q2 net loss forecast ≈$800k (≈$0.04/share) after interest and other income; Q2 stock‑based compensation is expected at ~ $900k. Liquidity guidance: net cash at Q1 close was $6.0M (up from $3.8M in Q4’25, a $2.2M increase inclusive of $3.2M raised via the ATM in Q1), the company raised ≈$6.4M net via the ATM in Q2, expects Q2 cash use excluding ATM proceeds of ≈$500k, and anticipates closing Q2 with just under $12M in net cash and achieving non‑GAAP profitability and positive cash flow for 2026.QuickLogic Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.50M | 13.77M | 20.11M | 21.20M | 16.18M | 12.69M |
| Gross Profit | 3.00M | 3.03M | 11.89M | 14.49M | 8.80M | 7.42M |
| EBITDA | -7.14M | -5.87M | -637.67K | 2.22M | -3.05M | -6.81M |
| Net Income | -14.85M | -14.82M | -3.84M | -263.00K | -4.27M | -6.62M |
Balance Sheet | ||||||
| Total Assets | 32.39M | 44.79M | 51.93M | 47.79M | 32.59M | 28.97M |
| Cash, Cash Equivalents and Short-Term Investments | 6.05M | 18.84M | 21.88M | 24.61M | 19.20M | 19.61M |
| Total Debt | 3.48M | 18.24M | 21.86M | 22.39M | 16.39M | 17.38M |
| Total Liabilities | 8.14M | 22.34M | 27.05M | 30.90M | 20.69M | 19.76M |
| Stockholders Equity | 24.25M | 22.45M | 24.89M | 16.89M | 11.89M | 9.21M |
Cash Flow | ||||||
| Free Cash Flow | -3.19M | -6.43M | -6.44M | -1.49M | -4.87M | -3.58M |
| Operating Cash Flow | -415.00K | -3.26M | 27.00K | 4.85M | -4.06M | -2.86M |
| Investing Cash Flow | -2.99M | -3.69M | -6.46M | -6.34M | -814.00K | -713.00K |
| Financing Cash Flow | -8.10M | 3.91M | 3.71M | 6.90M | 4.47M | 434.00K |
QuickLogic Technical Analysis
Positive
11.94
Price Trends
14.64
Positive
11.32
Positive
8.76
Positive
Market Momentum
1.96
Positive
59.01
Neutral
69.76
Neutral
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 below the 20-day moving average (MA) of 19.74, below the 50-day MA of 14.64, and above the 200-day MA of 8.76, indicating a bullish trend. The MACD of 1.96 indicates Positive momentum. The RSI at 59.01 is Neutral, neither overbought nor oversold. The STOCH value of 69.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QUIK.
QuickLogic Risk Analysis
QuickLogic disclosed 51 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 1 New Risks
QuickLogic Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $213.85M | 349.17 | 0.57% | ― | -5.04% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $392.93M | ― | -59.94% | ― | -21.32% | -113.45% | |
59 Neutral | $385.02M | -27.19 | -21.96% | ― | 22.44% | 1.58% | |
58 Neutral | $44.99M | 0.67 | -2573.87% | ― | -38.72% | 16.01% | |
52 Neutral | $59.08M | ― | -134.56% | ― | -34.03% | ― | |
46 Neutral | $309.89M | -4.81 | 60.21% | ― | -32.54% | -89.88% |
* Technology Sector Average
QUIK
QuickLogic
20.73
15.55
300.19%
GSIT
GSI Technology
9.93
6.80
217.09%
INTT
inTEST
16.84
10.79
178.35%
PXLW
Pixelworks
6.97
1.14
19.49%
SQNS
Sequans Communications S A
4.45
-12.76
-74.14%
GCTS
GCT Semiconductor Holding
3.37
2.34
227.18%
QuickLogic Corporate Events
Business Operations and StrategyFinancial Disclosures
QuickLogic Posts Q1 Revenue Growth Amid Narrowing Losses
Positive
May 12, 2026
On May 12, 2026, QuickLogic reported fiscal first-quarter 2026 results for the period ended March 29, 2026, highlighting revenue growth and product traction despite ongoing losses. Total revenue from continuing operations rose 16.8% year over year...
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.