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QuickLogic
(NASDAQ:QUIK)
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Rating:54Neutral
Price Target:
$14.50
▲(12.67% Upside)
Action:Reiterated
Date:08/12/26
QUIK scores as a mixed setup: the biggest drag is weak financial performance (deep losses and negative free cash flow) despite a stronger balance sheet. Offsetting that, the latest earnings call was relatively positive with improving margins and guidance toward H2 2026 profitability/positive cash flow, while technicals and valuation provide only modest support.
Positive Factors
Balance Sheet / Liquidity
A materially stronger cash position and recent ATM raise provide multi-quarter runway to fund R&D, tape‑outs, and customer engagements. This reduces immediate financing risk and gives management flexibility to execute product development and commercialization ahead of expected H2 cash‑flow improvements.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow means the business is still consuming capital despite recent improvements. If the company cannot convert margin gains into sustained positive operating cash, it may need further financing or risk eroding equity, constraining long‑term investment and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet / Liquidity
A materially stronger cash position and recent ATM raise provide multi-quarter runway to fund R&D, tape‑outs, and customer engagements. This reduces immediate financing risk and gives management flexibility to execute product development and commercialization ahead of expected H2 cash‑flow improvements.
Read all positive factors
QuickLogic (QUIK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$238.38M
Dividend YieldN/A
Average Volume (3M)424.29K
Price to Earnings (P/E)―
Beta (1Y)2.11
Revenue Growth-9.42%
EPS Growth-61.14%
CountryUS
Employees51
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.78
Shares Outstanding18,224,806
10 Day Avg. Volume307,642
30 Day Avg. Volume424,286
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$23.50Price Target Upside82.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)$24.34M
QuickLogic Business Overview & Revenue Model
Company Description
QuickLogic Corporation operates as a fabless semiconductor company. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence...
How the Company Makes Money
QuickLogic primarily makes money by licensing its semiconductor intellectual property (IP), especially embedded FPGA (eFPGA) / programmable logic IP, to customers designing SoCs or ASICs. Under this model, revenue is typically generated through (1...
QuickLogic Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call presents a generally positive picture: strong year-over-year revenue growth, materially improved gross margins, a tightened full-year growth outlook (70%–80%), improved cash position and a stated path to non-GAAP profitability and positive cash flow in H2 2026. At the same time, there are notable near-term execution risks — a delayed contract extension and the removal of a commercial ASIC from the 2026 forecast that push revenue into 2027, concentration of revenue in a few customers, and Q4 timing dependence on government contract tranches. Overall, management is confident in the multi-quarter roadmap (tape-outs, eval kits, RadPro demand, and potential IP licensing) that supports stronger 2027 monetization, but investors should watch the timing of the delayed contracts and the Q4 revenue concentration.Positive Updates
Strong Quarterly Revenue Growth
Q2 revenue of $5.5M, up 48.7% year-over-year and up 8.5% sequentially (vs Q1 2026). New product revenue was $4.7M (up 59.7% YoY and 8.6% QoQ) and mature product revenue was $0.8M (up 6.9% YoY and 8.8% QoQ).
Negative Updates
Delay of Key Contract Extension
A expected seven-figure extension of an existing customer contract was delayed while the customer re-evaluates partitioning between eFPGA and fixed ASIC logic. Management said this delay was the primary reason Q2 landed at the low end of guidance and contributes to flat revenue guidance for Q3.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Quarterly Revenue Growth
Q2 revenue of $5.5M, up 48.7% year-over-year and up 8.5% sequentially (vs Q1 2026). New product revenue was $4.7M (up 59.7% YoY and 8.6% QoQ) and mature product revenue was $0.8M (up 6.9% YoY and 8.8% QoQ).
Read all positive updates
Company Guidance
QuickLogic narrowed its full‑year 2026 revenue growth outlook to 70%–80% and is modeling non‑GAAP profitability and positive cash flow in H2 2026; it reiterated Q3 revenue guidance of $5.5M ±10% (i.e., $4.95M–$6.05M) comprised of $4.7M new product and $0.8M mature product revenue, with Q3 non‑GAAP gross margin ~47% ±5% and Q3 non‑GAAP operating expenses ~$3.6M ±5%. The company expects a Q3 net loss of about $900K (≈$0.05/share), Q3 cash use of ~ $400K and to close Q3 with net cash slightly over $13M (Q2 net cash was $13.5M excluding a $5M drawdown); full‑year targets include a ~51% non‑GAAP gross margin and non‑GAAP OpEx of $13.7M–$13.9M (≈17% growth vs. 2025). Management also said Q4 upside is expected from its U.S. government contract (total ceiling $89M) and other signed IP and Storefront opportunities, while monitoring timing risks that moved one commercial ASIC opportunity into 2027.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 | 16.30M | 13.77M | 20.11M | 21.20M | 16.18M | 12.69M |
| Gross Profit | 4.45M | 3.03M | 11.89M | 14.49M | 8.80M | 7.42M |
| EBITDA | -5.78M | -6.28M | -638.67K | 2.22M | -3.27M | -5.62M |
| Net Income | -13.07M | -14.82M | -3.84M | -263.00K | -4.27M | -6.62M |
Balance Sheet | ||||||
| Total Assets | 42.96M | 44.79M | 51.93M | 47.79M | 32.59M | 28.97M |
| Cash, Cash Equivalents and Short-Term Investments | 18.48M | 18.84M | 21.88M | 24.61M | 19.20M | 19.61M |
| Total Debt | 6.23M | 18.24M | 21.86M | 22.39M | 16.39M | 17.38M |
| Total Liabilities | 11.72M | 22.34M | 27.05M | 30.90M | 20.69M | 19.76M |
| Stockholders Equity | 31.24M | 22.45M | 24.89M | 16.89M | 11.89M | 9.21M |
Cash Flow | ||||||
| Free Cash Flow | -181.00K | -6.43M | -6.44M | -1.49M | -4.87M | -3.58M |
| Operating Cash Flow | 426.00K | -3.26M | 27.00K | 4.85M | -4.06M | -2.86M |
| Investing Cash Flow | -2.12M | -3.69M | -6.46M | -6.34M | -814.00K | -713.00K |
| Financing Cash Flow | 974.00K | 3.91M | 3.71M | 6.90M | 4.47M | 434.00K |
QuickLogic Technical Analysis
Negative
12.87
Price Trends
16.54
Negative
15.83
Negative
11.55
Positive
Market Momentum
-0.68
Negative
40.17
Neutral
39.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUIK, the sentiment is Negative. The current price of 12.87 is below the 20-day moving average (MA) of 13.33, below the 50-day MA of 16.54, and above the 200-day MA of 11.55, indicating a neutral trend. The MACD of -0.68 indicates Negative momentum. The RSI at 40.17 is Neutral, neither overbought nor oversold. The STOCH value of 39.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $40.23M | 0.67 | 434.73% | ― | -38.72% | 16.01% | |
54 Neutral | $238.38M | -16.10 | -52.74% | ― | -9.42% | -61.14% | |
54 Neutral | $174.90M | 106.50 | 1.50% | ― | 5.44% | ― | |
49 Neutral | $44.23M | -0.25 | -135.06% | ― | -33.68% | ― | |
48 Neutral | $199.57M | -2.64 | 73.41% | ― | -32.83% | -19.93% | |
47 Neutral | $255.19M | -14.78 | -21.96% | ― | 13.65% | 15.74% |
* Technology Sector Average
QUIK
QuickLogic
12.56
6.03
92.34%
GSIT
GSI Technology
6.76
3.62
115.29%
INTT
inTEST
13.59
6.36
87.97%
PXLW
Pixelworks
7.18
-2.44
-25.36%
SQNS
Sequans Communications S A
2.87
-8.93
-75.68%
GCTS
GCT Semiconductor Holding
2.14
0.80
59.70%
QuickLogic Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
QuickLogic Posts Strong Q2 Growth and Margin Expansion
Positive
Aug 11, 2026
On August 11, 2026, QuickLogic reported fiscal second-quarter 2026 results for the period ended June 28, showing total revenue from continuing operations of $5.5 million, up 48.7% year-on-year and 8.5% sequentially, driven by $4.7 million in new p...
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...
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.