QuickLogic

QuickLogic reported Q2 FY2026. EPS came in at -$0.06 against a -$0.04 consensus, missed by 37.6%. Revenue was $5.5M versus $6.0M expected, missed by 8.6%. Gross margin was 43.9%, up 740 bps from last quarter.

QuickLogic reported a Q1 FY2026 revenue of $5.1 million, missing the street estimate of $5.5 million by 8.3%. The company also reported a non-GAAP loss per share of $0.08, missing the street estimate of $0.05. Despite the miss, the company provided guidance for Q2 that suggests a return to growth and improved financial performance.

QuickLogic QuickLogic reported a mixed Q4 FY2025, with revenue beating estimates but EPS missing significantly. The company's financial trajectory and forward guidance suggest a cautious outlook, despite some positive developments in new product revenue and strategic contracts.

QuickLogic missed revenue by -42.0%, but management’s Q4 framework says the stock is no longer trading on Q3 demand, it is trading on whether one advanced-node commercial contract lands in time. The variant view is that the market may over-penalize the Q3 shortfall while underpricing how binary the Q4 revenue, margin, and EPS bridge has become around a nearly $3,000,000 customer award.

QuickLogic printed below the Street on the only comparison that matters for the stock today, but the variant view is that the market is likely to over-penalize a revenue air pocket while underpricing the specificity of the Q4 eFPGA conversion. The risk is not whether Q2 was weak, since revenue missed by -42.8% and EPS missed by -28.6%; the debate is whether a guided Q3 reset to about $2.0 million is the trough before contracted IP work starts to matter in revenue and margin again.