Q2 2026 Quicklogic Corp Earnings Call Transcript
Key Points
- Narrowed full-year growth outlook to 70%-80%, with non-GAAP profitability and positive cash flow expected in H2 2026.
- Q2 revenue grew 48.7% year-over-year, with new product revenue up 59.7%.
- Non-GAAP gross margin improved significantly to 46.8% in Q2, up from 31% in Q2 2025.
- Strong cash position with net cash of $13.5 million, up from $3.8 million at end of 2025.
- Multiple growth drivers: new customers in automotive, robotics, and satellite; potential EFPGA architectural license; and expanding chiplet opportunities.
- Q2 revenue came in at the low end of guidance due to a delayed seven-figure contract extension, which is now removed from 2026 forecast.
- Q3 revenue is expected to be flat at $5.5 million, reflecting the contract delay and removal of an Intel 18A ASIC design from H2 forecast.
- Mature product revenue is now expected to be flat for the full year, down from earlier expectations of growth.
- Non-GAAP operating expenses are rising, with full-year OpEx guidance increased to $13.7-$13.9 million.
- The company still expects a net loss in Q3, with cash use of approximately $400,000.
Ladies and gentlemen, good afternoon. At this time, I would like to welcome everyone to Quick Logic Corporation's Second Quarter Fiscal 2026 Earnings Results Conference Call. As a reminder, today's call is being recorded for replay purposes. I would now like to turn the conference over to Ms. Allison Ziegler of Darrow Associates. Ms. Ziegler, you may begin.
Thank you, operator, and thank you to all of you for joining us. Our speakers today are Brian Faith, President and Chief Executive Officer, and Elias Nader, Senior Vice President and Chief Financial Officer. As a reminder, some of the comments QuickLogic makes today are forward-looking statements that involve risks and uncertainties, including but not limited to statements regarding our future profitability, revenue growth and cash flows, expectations regarding our future business, and statements regarding the timing, milestones, and. Related to our government contracts, statements regarding expected contracts and the expected magnitude of such contracts and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
