Q1 2026 Quicklogic Corp Earnings Call Transcript

May 12, 2026 / 09:30 PM GMT

Release Date Price: $19.05 (-7.93%)

Transcript 10-Q8-K

Key Points

Positve

QuickLogic Corp (QUIK) is on track to achieve 50% to 100% year-over-year revenue growth in 2026, with significant progress made in the first quarter.
The introduction and demonstration of the new RadPro FPGA at the HART Conference has generated interest, leading to multiple shipments of RADPRO dev kits.
QuickLogic has secured multiple contracts, including a fourth contract targeting Intel 18A technology, with a total value nearing $2 million, setting the framework for larger contracts expected later in the year.
The company has a strong cash position, with net cash increasing to $6 million at the close of Q1 2026, up from $3.8 million in Q4 2025.
QuickLogic anticipates non-GAAP profitability for the second half of 2026, driven by strategic investments and strong customer alliances.

Negative

Revenue for Q1 2026 was $450,000 below the midpoint of guidance due to a delay in the award of a certain contract.
Non-GAAP gross margin in Q1 was 39.6%, below the outlook of 45% plus or minus 5%, due to inventory reserves.
The company reported a non-GAAP net loss of $1.3 million or a loss of $0.08 per share for Q1 2026.
There is uncertainty regarding the timing of funding for certain contracts, which could impact future revenue recognition.
QuickLogic faces intense competition and challenges in converting design opportunities into customer revenue, which could affect future growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QUIK.OQ - QuickLogic Corp
Q1 2026 Quicklogic Corp Earnings Call
May 12, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good afternoon. At this time, I would like to welcome everybody to QuickLogic Corporation's First 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 proceed.

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Unidentified_2 [2]
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Thank you, Sherry, and thanks 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

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