QuickLogic Narrows FY26 Growth Outlook to 70-80%, Sees H2 Profitability
QUIK has more than doubled off its 52-week low of $4.8.
Summary
QuickLogic reported fiscal Q2 2026 revenue of $5.5M, up 48.7% year-over-year, driven by new product revenue of $4.7M (+59.7% YoY). GAAP net loss narrowed to ($0.9M) or ($0.05) per share from ($2.7M) a year ago. Non-GAAP gross margin improved to 46.8% from 31.0%. Management narrowed full-year growth guidance to 70-80% and expects non-GAAP profitability and positive cash flow in the second half of 2026. The company also announced inclusion in the Russell 3000 and 2000 indexes and new contract wins for eFPGA IP evaluation and packaging development.
At the time of this announcement, QUIK was trading at $14.23 on NASDAQ in the Technology sector, with a market capitalization of approximately $259.3M. The 52-week trading range was $4.80 to $24.33. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.