QuickLogic(NASDAQ) QUIK

QuickLogic Corporation makes chips that companies can reconfigure. These flexible parts help builders of aircraft and defense systems. They also help industrial sensors run with very little power.

Flexible Chips for Changing Needs

• eFPGA IP Licensing: Intellectual property that lets designers add reconfigurable logic (embedded Field Programmable Gate Arrays) to custom chips; accounts for 80% of revenue in the second quarter of 2026.
• New Silicon Products: Advanced hardware platforms like EOS S3 that combine fixed logic with programmable parts for energy efficiency; accounts for 5% of revenue in the second quarter of 2026.
• Mature Silicon Products: Legacy hardware families like PASIC 3 used for system control and memory functions; accounts for 15% of revenue in the quarter ended June 28, 2026.
• Professional Services: Technical support to help customers integrate programmable technology into their custom semiconductor designs.

Focusing on the Core Business

• Announced a plan in early 2025 to explore selling the SensiML subsidiary to focus resources on core programmable hardware.
• Raised $9.5 million in the first six months of 2026 by selling 903,000 shares through an at-the-market offering.
• Developed a roadmap for advanced semiconductor manufacturing nodes including Intel 18A for its licensing business.
• Completed a registered direct offering in March 2025 that generated $1.5 million in net cash proceeds.

Scaling Through Automated Design

QuickLogic uses an automated tool called Australis to generate customized chip architectures for clients quickly. This software allows the company to support many manufacturing technologies without needing a large internal engineering staff.

A Look at the Numbers

• Total revenue from continuing operations reached $5.5 million in the second quarter of 2026, up 49% year over year.
• Gross profit was $2.4 million in the three months ended June 28, 2026, up 152% year over year.
• Net loss from continuing operations was $0.9 million in the second quarter of 2026, compared to a loss of $2.7 million a year earlier.
• Market capitalization was $231.8 million with a beta of 1.23 as of the latest reporting period.
• Cash and cash equivalents totaled $18.5 million as of June 28, 2026.

Company Evolution and Bottom Line

QuickLogic has transitioned from a traditional chip seller to a licensing-focused intellectual property provider. This strategy leverages its expertise in reconfigurable hardware to serve high-reliability markets like defense and aerospace while streamlining operations.