QuickLogic Corporation reported its financial results for the second quarter of 2026, revealing a total revenue of $5.5 million, a 49% increase compared to $3.7 million in the same quarter of the previous year. For the first half of 2026, revenue reached $10.5 million, up 31% from $8.0 million in the first half of 2025. The company attributed this growth primarily to increased sales of its new products, particularly in the embedded Field Programmable Gate Array (eFPGA) segment, which generated $4.7 million in the second quarter, marking a 60% year-over-year increase.
Despite the revenue growth, QuickLogic reported a net loss of $0.9 million for the second quarter, an improvement from a loss of $2.7 million in the same quarter last year. The company’s operating expenses rose to $4.1 million, up 19% from $3.5 million in the prior year, driven by increased research and development costs and higher selling, general, and administrative expenses. The gross profit for the second quarter was $2.4 million, representing a gross margin of 44%, compared to 26% in the same quarter of 2025.
In terms of operational developments, QuickLogic has been focusing on its eFPGA IP licensing and professional services, which have seen significant demand. The company has also been actively managing its costs, with total operating expenses as a percentage of revenue decreasing from 94% to 75% year-over-year. The company’s cash and cash equivalents stood at $18.5 million as of June 28, 2026, which includes $5.0 million drawn from its revolving credit facility and $9.5 million in net proceeds from stock sales.
QuickLogic has also been restructuring its operations, having discontinued its subsidiary SensiML in early 2025 to concentrate on its core business. The company is currently exploring strategic options for SensiML, which has been classified as a discontinued operation. As of the latest report, QuickLogic has not yet finalized the sale of SensiML but continues to evaluate potential buyers.
Looking ahead, QuickLogic remains optimistic about its growth trajectory, driven by the continued adoption of its eFPGA technologies and the introduction of new products. The company expects to leverage its existing cash reserves and revenue streams to fund operations and capital expenditures over the next twelve months. However, it acknowledges the inherent risks in the semiconductor industry, including market fluctuations and the need for ongoing innovation to maintain competitive advantage.
About QUICKLOGIC Corp
QuickLogic Corporation is a fabless semiconductor company specializing in programmable silicon platforms, including embedded FPGA (eFPGA) IP, low-power SoCs, discrete FPGAs, and AI software solutions. Its products serve aerospace, defense, industrial, IoT, and consumer markets, enabling rapid, cost-effective hardware customization with low power consumption. The company collaborates with partners, licenses IP, and provides software tools to deliver flexible, energy-efficient solutions for system developers.
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