QuickLogic Posts Revenue Growth but Struggles with Profitability
Event summary
- QuickLogic reported $5.1 million in total revenue for Q1 2026, up 16.8% YoY and 35.3% QoQ.
- New product revenue grew 14.5% YoY to $4.3 million, while mature product revenue was $0.8 million.
- GAAP gross margin was 36.5%, down from 43.4% YoY but up from 18.1% QoQ.
- QuickLogic secured a $7 million contract for a test chip to be fabricated on GlobalFoundries' 12LP process.
- The company appointed Quantum Leap Solutions as an authorized sales representative for its IP and chiplet offerings.
The big picture
QuickLogic's Q1 2026 results highlight a mixed bag of revenue growth and persistent profitability challenges. The company's strategic investments in Intel 18A technology and RadPro FPGA, along with new partnerships, position it for potential long-term gains in the semiconductor and embedded systems sectors. However, the ability to sustain this momentum and convert design opportunities into customer revenue remains critical.
What we're watching
- Revenue Diversification
- How QuickLogic's focus on new products and strategic contracts will affect its revenue diversification and long-term growth.
- Profitability Pressures
- Whether QuickLogic can improve its gross margins and reduce operating expenses to achieve profitability.
- Strategic Partnerships
- The pace at which QuickLogic's partnerships with GlobalFoundries and Intel will drive innovation and market expansion.
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