Earnings Releases·Nov 10, 2026, 4:28 PM ET

QuickLogic — Fiscal Third Quarter 2026 Earnings Summary

Total revenue from continuing operations reached $5.1 million, a 153.2% year-over-year increase but a 6.3% decline quarter-over-quarter, driven by a 324.4% surge in new product revenue to $4.0 million.
GAAP net loss narrowed to $2.2 million ($0.12 per share) from $4.0 million in the prior year, while non-GAAP net loss was $1.3 million ($0.07 per share); GAAP gross margin improved to 37.4% from -23.3% year-over-year.
Strategic progress includes a six-figure automotive eFPGA Hard IP design win on 16nm technology, a 79% revenue mix from new products, and a significant geographic shift with North America accounting for 85% of revenue.
Balance sheet strength improved with cash and equivalents rising to $19.2 million, deferred revenue jumping to $786,000 from $64,000, and total liabilities decreasing to $12.3 million.
Management appointed James Sullivan as Senior Vice President of Finance and CFO, citing confidence in building momentum and anticipating a strong finish to the year.