QuickLogic (NASDAQ:QUIK) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

QuickLogic (NASDAQ:QUIK) announced its earnings results on Tuesday. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02), FiscalAI reports. The business had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.51 million. QuickLogic had a negative return on equity of 37.65% and a negative net margin of 57.94%.

Here are the key takeaways from QuickLogic’s conference call:

• Positive Sentiment: QuickLogic reported Q3 revenue of $5.1 million, up 153% year over year, and forecasts Q4 revenue of $8 million, implying 72% full-year 2026 growth. Management expects Q4 non-GAAP net income of about $1.3 million and full-year cash-flow-positive operations.
• Negative Sentiment: Q3 revenue came in below the guidance midpoint after a customer expanded negotiations on a roughly $1 million IP contract to include a storefront provision. QuickLogic expects to finalize the contract and recognize revenue in Q4, so part of its outlook depends on closing customer agreements on time.
• Positive Sentiment: Management described growing eFPGA IP opportunities across automotive, industrial robotics, biomedical, defense, aerospace, satellite, and data-center markets. Several contracts and design wins could add ratable IP revenue and, if customer products enter production, ongoing royalties; however, some prospects remain unawarded or under evaluation.
• Positive Sentiment: QuickLogic is targeting storefront revenue in 2027 from RadPro devices, FPGA and chiplet solutions, and smaller packages for mature antifuse products. Management sees potential for a multimillion-dollar market in the smaller-package opportunity, but these revenue expectations depend on customer demand, evaluations, and planned development milestones.

QuickLogic Price Performance

Shares of QuickLogic stock traded up $0.45 on Thursday, reaching $9.75. 46,067 shares of the stock were exchanged, compared to its average volume of 322,089. The firm’s 50 day moving average is $10.02 and its 200-day moving average is $12.57. QuickLogic has a one year low of $5.28 and a one year high of $24.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.06 and a current ratio of 2.15. The firm has a market cap of $178.56 million, a PE ratio of -14.98 and a beta of 1.18.

Insider Buying and Selling

In related news, CEO Brian Faith sold 17,255 shares of QuickLogic stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $10.21, for a total value of $176,173.55. Following the transaction, the chief executive officer directly owned 271,065 shares of the company’s stock, valued at $2,767,573.65. This trade represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elias Nader sold 8,291 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $10.21, for a total transaction of $84,651.11. Following the transaction, the chief financial officer owned 88,845 shares of the company’s stock, valued at approximately $907,107.45. This represents a 8.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 90,044 shares of company stock worth $950,748. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on QUIK shares. Weiss Ratings downgraded QuickLogic from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. Needham & Company LLC dropped their price objective on QuickLogic from $20.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QuickLogic has an average rating of “Hold” and a consensus target price of $17.00.

QuickLogic Company Profile

QuickLogic Corporation is a fabless semiconductor company that develops low-power, programmable semiconductor solutions and embedded FPGA (eFPGA) intellectual property. Its technology is designed to allow customers to add configurable logic to application-specific integrated circuits (ASICs) and systems-on-chip (SoCs), helping support customization, connectivity, sensor processing and other functions without requiring a separate FPGA device. The company offers eFPGA IP, customer-specific standard products (CSSPs), and related development tools and design services.