QuickLogic Reports $5.1 Million in Revenue and Narrows Adjusted Loss to $0.07 Per Share
Key Facts
QuickLogic reported an adjusted loss of $0.07 per share in the third quarter of fiscal 2026, with revenue of $5.1 million, according to the company's results published via PR Newswire. The adjusted loss was narrower than $0.19 per share in the same quarter of 2025, but widened from $0.06 in the second quarter of 2026, according to results data reported by Yahoo Finance. On a GAAP basis, the company posted a loss of $0.12 per share, compared with $0.24 a year earlier and $0.05 in the previous quarter. GAAP net loss was about $2.2 million, versus $4.0 million in the third quarter of 2025 and $0.9 million in the second quarter of 2026. The comparison shows an annual improvement in losses, with a deterioration from the prior quarter on both adjusted and unadjusted measures.
Revenue from continuing operations reached $5.1 million, up 153.2% from the third quarter of 2025, according to a QuickLogic statement. Sequentially, revenue fell 6.3% compared with the second quarter of 2026, putting strong annual growth alongside a decline from the previous period. Before the results were announced, MarketBeat estimated quarterly revenue at $5.51 million and forecast a loss of $0.05 per share. Compared with that estimate, actual revenue was lower, while the adjusted per-share loss exceeded the forecast. These figures show a divergence between revenue expansion year over year and performance compared with the prior quarter and market estimates.
Adjusted gross margin improved from negative 11.9% in the third quarter of 2025 to 41.0% in the third quarter of 2026, according to results reported by Yahoo Finance. But it fell from 46.8% in the second quarter of 2026. This trajectory came alongside annual revenue growth and a sequential decline, while the adjusted loss per share widened from the previous quarter. The period's results therefore combined a clear annual improvement in margin with a sequential decline. The third-quarter GAAP loss also remained higher than the second-quarter loss, despite falling from the year-earlier period.
The company said it had won a six-figure design contract for eFPGA Hard IP technology in an SoC targeting the automotive and industrial sectors. The chip is intended for battery management, precision motor control and robotics applications, using 16-nanometer manufacturing technology, according to a QuickLogic statement. Chief Executive Brian Faith said the design win strengthens validation of the company's technology and said QuickLogic “is building momentum in key areas of our business and we expect a strong finish to the year.” The win marks a commercial development for the company, but the statement describes it as a design win and does not cite revenue generated by the contract during the quarter. Management places the development within its expectation of a strong finish to the year, without providing a figure for that outlook.
On November 10, 2026, QuickLogic announced a new 12LP eFPGA core with enhanced digital signal processing capabilities and scalability beyond 250,000 LUTs, according to the company’s results statement. It also announced the appointment of James Sullivan as senior vice president of finance and chief financial officer. The new core adds a product to the eFPGA portfolio, while the CFO appointment marks a management change among developments surrounding the results announcement. QuickLogic shares closed at $8.47 on November 9, 2026, according to EL7 data. A StreetInsider report showed the stock ended the November 10 session at $8.22, down 2.95% for the day.
QuickLogic's investor relations calendar lists the Craig-Hallum Alpha Select Conference on November 17, 2026, followed by the Needham Growth Conference on January 12 and 13, 2027. These dates follow the results announcement and developments related to the design win and new eFPGA core. The upcoming events give the company scheduled opportunities to engage with investors in the period after its third-quarter announcement. The calendar, as reported by the company, provided no further details about its participation in the conferences.