QuickLogic (QUIK) Announces Q3 Loss and Falls Short of Revenue Projections
Earnings Performance: QuickLogic reported a quarterly loss of $0.19 per share, better than the expected loss of $0.21, but worse than a loss of $0.06 per share a year ago. The company has surpassed consensus EPS estimates three times in the last four quarters.
Revenue Trends: The company posted revenues of $2.03 million, missing the Zacks Consensus Estimate by 3.38% and down from $4.27 million a year ago. QuickLogic has only topped revenue estimates once in the last four quarters.
Stock Outlook: QuickLogic shares have declined by 36% this year, contrasting with the S&P 500's 16.2% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The Electronics - Semiconductors industry ranks in the top 33% of Zacks industries, suggesting potential for better performance. Investors are advised to monitor earnings estimate revisions, which can significantly impact stock performance.
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- Conference Participation: QuickLogic will participate in the Northland Growth Conference on June 23, 2026, where company management will engage in one-on-one and small group meetings with investors, aiming to enhance interaction and transparency with stakeholders.
- Management Introduction: President and CEO Brian Faith and CFO Elias Nader will attend the conference to showcase QuickLogic's technological prowess in embedded FPGA and radiation-hardened FPGA sectors, further elevating the company's influence in the semiconductor industry.
- Technical Expertise: QuickLogic specializes in developing embedded FPGA Hard IP and radiation-hardened FPGAs, leveraging open-source tools to deliver low-power solutions that meet the demands of aerospace, defense, industrial, and consumer markets, demonstrating its competitive edge in high-tech fields.
- Investor Relations: Investors can request meetings with management by contacting their Northland representative or emailing the company's Investor Relations team, indicating the company's commitment to investor communication and aiming to enhance market trust and investor engagement.
- Index Inclusion Impact: QuickLogic is set to join the Russell 3000 Index effective June 29, which not only enhances the company's market visibility but may also attract more institutional investors, thereby strengthening its stock performance.
- Small-Cap Advantage: By being part of the Russell 3000, QuickLogic automatically enters the small-cap Russell 2000 Index, increasing its exposure among small-cap investors and potentially driving future capital inflows.
- Growth Potential Outlook: QuickLogic anticipates a revenue growth of 50% to 100% in 2026, driven by RADPro development kits and Intel 18A contracts, indicating strong market demand and growth potential for the company.
- Market Reaction Analysis: Despite an 8% drop in QuickLogic's stock following a wider Q1 loss, the news of joining the Russell Index could improve investor confidence, promote stock recovery, and attract long-term investors.
- Index Inclusion Milestone: QuickLogic is set to join the Russell 3000 and Russell 2000 indexes effective June 29, reflecting significant recognition in the eFPGA market and likely attracting increased investor interest.
- Enhanced Market Influence: The Russell indexes encompass approximately 4,000 of the largest U.S. companies, and QuickLogic's inclusion will provide greater visibility among asset managers and institutional investors, further driving shareholder value growth.
- Importance of Asset Benchmarking: As of June 2025, around $12.2 trillion in assets are benchmarked against the Russell indexes, and QuickLogic's membership will strengthen its competitive position within this vast market, enhancing its market standing.
- Strategic Execution and Growth: QuickLogic CEO Brian Faith noted that inclusion in the Russell indexes will provide greater exposure for the company, supporting ongoing growth in aerospace, defense, and industrial markets while advancing the execution of its strategic initiatives.
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- Oppenheimer Upgrades Rubrik: Oppenheimer upgraded Rubrik from Perform to Outperform with a price target of $85, based on strong checks from value-added resellers, highlighting the product's competitive strength in the market.
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- Deutsche Bank Upgrades Humana: Deutsche Bank believes there is still time to buy shares of Humana, upgrading its rating to Buy, as it anticipates a new rally in managed care organizations that is just beginning.
- Contract Value: QuickLogic Corporation has secured a new contract valued at $2.7 million to design and produce FPGA test chips, significantly enhancing its competitive position in the embedded FPGA market.
- Evaluation Tool Development: The scope of the new contract includes the development of an evaluation kit compatible with third-party development environments, scheduled for late 2026, which will help customers accelerate evaluations while lowering risks and costs associated with new designs.
- Market Demand: QuickLogic is exploring the potential to leverage the discrete FPGA as a chiplet and plans to offer it as a storefront device, a strategy that may attract increased interest from both commercial and Defense Industrial Base customers.
- Technological Innovation: By combining cutting-edge technology with open-source tools, QuickLogic delivers highly customizable, low-power solutions aimed at aerospace, defense, industrial, and consumer markets, further solidifying its market position.
- Contract Value and Timeline: QuickLogic has secured a new contract valued at $2.7 million, with revenue recognition set to begin in Q2 2026 and extend through Q1 2027, providing the company with a stable revenue stream and enhancing its financial outlook.
- Technical Development and Application: The contract will focus on GlobalFoundries' 12LP fabrication process, with QuickLogic designing and tape-out FPGA Test Chips, and the new Evaluation Kit scheduled for late 2026 will be compatible with various third-party development environments, reducing design risks and costs for customers.
- Market Demand and Collaboration Opportunities: Andy Jaros, VP of IP Sales, noted growing interest in leveraging the discrete FPGA as a chiplet, which not only enhances product flexibility but may also attract more partners, further expanding market share.
- Company Strategy and Positioning: QuickLogic specializes in developing low-power, highly customizable solutions using open-source tools, aiming to meet the needs of aerospace, defense, industrial, and consumer markets, thereby strengthening its strategic position in the competitive semiconductor industry.










