QuickLogic (QUIK) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $5.5 million, up 48.7%-49% year-over-year and 8.5%-9% sequentially, driven by strong eFPGA IP, professional services, and new product sales.

• Net loss from continuing operations narrowed to $0.9 million ($0.05 per share) in Q2 2026, improved from $2.7 million ($0.17 per share) in Q2 2025.

• New product revenue reached $4.7 million, up 59.7%-60% year-over-year; mature product revenue was $0.8 million, up 6.9%-7%.

• Full-year 2026 revenue growth outlook narrowed to 70%-80%, with non-GAAP profitability and positive cash flow expected in the second half of 2026.

• Growth drivers include new customers in automotive, robotics, satellites, ongoing government contracts, and RadPro Dev Kit demand.

Financial highlights

• Q2 2026 non-GAAP gross margin was 46.8%, up from 31% in Q2 2025 and 39.6% in Q1 2026; GAAP gross margin was 43.9%-44%.

• Q2 non-GAAP net loss was $1.1 million ($0.06 per share), improved from $1.5 million loss ($0.09 per share) in Q2 2025.

• Operating expenses (GAAP) were $4.1 million, up from $3.5 million year-over-year; non-GAAP OpEx was $3.5 million, up from $2.5 million.

• Cash and cash equivalents stood at $18.5 million as of June 28, 2026; net cash at Q2 close was $13.5 million, including $9.8 million raised via ATM.

• $5.0 million was outstanding on the revolving credit facility at quarter-end.

Outlook and guidance

• Q3 2026 revenue guidance is $5.5 million ±10%, with $4.7 million from new products and $0.8 million from mature products.

• Full-year 2026 mature product revenue expected to be flat with 2025 at ~$3.3 million.

• Q3 non-GAAP gross margin expected at ~47% ±5%; full-year non-GAAP gross margin modeled at ~51%.

• Q3 non-GAAP OpEx expected at ~$3.6 million; full-year non-GAAP OpEx outlook raised to $13.7-$13.9 million.

• Q3 non-GAAP net loss forecasted at ~$900,000; positive cash flow and non-GAAP profitability anticipated in H2 2026.