Founded in 1988, QuickLogic Corporation (QUIK) is a semiconductor company known for its customer-specific standard products (CSSPs). Based in Sunnyvale, California, the company pioneered this category of semiconductors to provide a bridge between standard products and customized chips. By offering this middle ground, QuickLogic allows companies to have more flexibility and scalability in their designs, reducing development costs and time to market.
The company's product portfolio includes embedded processors, eFPGA IP, Sensor Hubs, and AI software. These allow customers in the IoT, smartphone, tablet, and portable electronics sectors to respond swiftly to rapidly changing customer needs.
Among QuickLogic's proprietary solutions is the ArcticPro™ series, the industry's first embedded FPGA (Field Programmable Gate Array) products. These unique semiconductors are designed for AI, machine learning, and high speed communications applications. This programmability provides the rapid customization that is critically important to keep up with the fast pace of change in these sectors.
QuickLogic also stands out with their SensiML Analytics Toolkit which eases the development of AI for IoT devices. With this tool, developers can create smart products that combine ultra-low power, small form factor, and strong AI performance.
Moreover, QuickLogic Corp is committed to environmental responsibility and sustainability. The company practices green manufacturing, from waste reduction to energy and water conservation, proving that innovation and sustainability can co-exist.
The semiconductor industry has always been of great strategic importance, consistently aiming to create faster, smaller and more power-efficient chips. The trajectory of QuickLogic Corp. appears to be following this same path, focusing on research and development efforts to continue bringing innovative solutions to the world of programmable logic devices. As such, it has consistently proven itself through its capacity to adapt to market demands and through its technological advances, positing the corporation as a trusted partner for many technology firms around the globe.
In short, QuickLogic Corp, listed as QUIK on the NASDAQ, continues to be a key player in the semiconductor industry. By redefining programmability with its products, it addresses the pressing need for flexibility and customization, thus enabling technological innovators to stay at the cutting-edge of their industries. The company's commitment to sustainability, alongside its technical contributions, exhibit a comprehensive vision for the future that includes both technological progress and environmental responsibility.
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Needham & Company LLC has cut its price target for QuickLogic (NASDAQ:QUIK) from $20 to $12 but maintained a "Buy" rating, indicating a potential upside of 45.99%. This adjustment follows QuickLogic's recent quarterly earnings, where the semiconductor company missed analyst expectations with revenue of $5.14 million and a loss of $0.07 per share. Despite the shortfall, revenue from continuing operations significantly increased by 153.2% year-over-year, largely due to new product contributions.
QuickLogic reported Q3 2026 revenue of $5.1 million, a 153% year-over-year increase, but a 6% sequential decrease due to contract negotiation delays, now expected to finalize in Q4. The company projects a 55% sequential revenue increase in Q4, targeting a 72% year-over-year growth for 2026, driven by a U.S. government contract and new eFPGA Hard IP wins. QuickLogic is also focusing on its chiplet initiative and anticipates non-GAAP profitability for the second half of 2026.
QuickLogic reported a 153.2% year-over-year revenue increase for Q3 2026, reaching $5.1 million, and projected 72% top-line growth for the full year. The company anticipates non-GAAP profitability for the second half of 2026 and positive cash flow for the full year, driven by expanding its IP business, eFPGA hard IP, and a growing chiplet initiative. Key developments include ongoing negotiations for a significant Intel 18A-P contract, progress on a U.S. government contract, and new design wins in the automotive, industrial robotic, and biomedical sectors.
QuickLogic (QUIK) is projected to release its Q3 2026 earnings on Tuesday, November 10th, with analysts expecting a loss of $0.05 per share and revenue of $5.51 million. The company's previous quarter missed expectations, and its stock currently trades well below the average analyst target. Recent insider activity shows significant share sales by company executives.
QuickLogic (QUIK) shares dropped 7.79% in the last trading session, underperforming the S&P 500. Over the past month, the stock has decreased by 14.83%, significantly lagging its sector and the broader market. Investors are anticipating the company's upcoming earnings report, with projected increases in EPS and revenue year-over-year.