QuickLogic Corporation (QUIK) Earnings Call Transcripts

QuickLogic Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, QuickLogic Corporation (QUIK) reported revenue of $5.1 million, reflecting a 16.5% increase year-over-year but falling short of guidance by approximately $450,000 due to contract delays. The company continues to target 50% to 100% revenue growth for the fiscal year, supported by new product launches and strategic contracts, with management signaling confidence in achieving this goal despite the Q1 revenue miss. Non-GAAP net loss for the quarter was $1.3 million, or $0.08 per share, an increase from the prior year's loss of $1.1 million.

Reported metrics

Guidance from management

For Q2 2026, QuickLogic expects total revenue of $6 million, with a mix of $5.2 million from new products and $0.8 million from mature products. The company anticipates non-GAAP profitability in the second half of 2026.

What management said

Yes, Richard, we've modeled out some of these key programs that we've been designing this chip for from day one, and it aligns well with those. I'll remind everybody that's why we actually invested in funding our own test chip is to make sure that we did have chips out in time on dev kits to meet within that evaluation window, and we feel like we are within that window. And thrilled to see the uptake of both the orde...

Yes, definitely. So we had talked previously, I think or shared publicly that, that $13 million tranche, we're expecting to fully recognize this year as we're continuing on our developments of these next chips. And I think there -- you could assume that we would probably be getting another contract by the end of the year to continue that even further into 2027 and sort of round out the necessary things to complete it...

What analysts pressed on

Analysts expressed concerns regarding the timing of contract awards and the impact on revenue growth, particularly questioning the potential for delays in customer evaluations of the RADPro FPGA. There were also inquiries about the broader adoption of Intel 18A technology and its implications for future contracts.

Main topics on the call

• Revenue Growth Target — Management reiterated their goal of achieving 50% to 100% revenue growth in 2026, stating, "we are still tracking to be within that range" based on Q1 performance and guidance for Q2. This growth is expected to be driven...
• RADPro FPGA Development — QuickLogic introduced the RADPro FPGA at the HEART Conference, with initial shipments of development kits expected to contribute a low six-figure amount to Q2 revenue. Management noted, "we have already signed an MOU wit...
• Contract Delays Impacting Revenue — The company faced delays in contract awards that affected Q1 revenue, which was approximately $450,000 below guidance. Elias Nader stated, "this shift forward in revenue recognition does not impact the full year revenue ...
• Gross Margin Expectations — Non-GAAP gross margin for Q1 was reported at 39.6%, below the expected range of 45%. For Q2, management anticipates a gross margin of approximately 42%, with a full-year target of 57%. Nader explained, "there's going to ...

Read the full QuickLogic Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 QuickLogic Corporation earnings call transcripts on record, spanning February 12, 2020 to August 11, 2026. Based on this history, QuickLogic Corporation reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

QUIK

Exchange

NasdaqCM

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

27

First call

February 12, 2020

Most recent

August 11, 2026

Reporting cadence

quarterly