QuickLogic (QUIK) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $5.5M, up 48.7%-49% year-over-year and 8.5%-9% sequentially, driven by strong eFPGA IP, professional services, and new product growth.

• New product revenue reached $4.7M in Q2 2026, up 59.7%-60% year-over-year, while mature product revenue was $0.8M, up 6.9%-7%.

• Net loss from continuing operations narrowed to $0.9M ($(0.05)/share) in Q2 2026, improved from $2.7M ($(0.17)/share) year-over-year.

• Discontinued operations (SensiML) contributed a net loss of $5K in Q2 2026.

• Added to the Russell 3000 and Russell 2000 indices.

Financial highlights

• Non-GAAP gross margin in Q2 was 46.8%, up from 31% in Q2 2025 and 39.6% in Q1 2026; GAAP gross margin improved to 43.9%-44%.

• Operating expenses (GAAP) were $4.1M, up from $3.5M year-over-year; non-GAAP operating expenses were $3.5M, up from $2.5M.

• Net cash and cash equivalents at Q2 close were $18.5M, up from $3.8M at Q4 2025, including $9.5M-$9.8M raised via ATM and $5M drawn from a credit facility.

• For the six months ended June 28, 2026, revenue was $10.5M, up 31% year-over-year; net loss was $3.1M, improved from $4.9M loss in the prior year.

Outlook and guidance

• Full-year revenue growth outlook narrowed to 70%-80%, with non-GAAP profitability and positive cash flow expected in the second half of 2026.

• Q3 revenue guidance is $5.5M ±10%, with new product revenue at $4.7M and mature product revenue at $0.8M.

• Non-GAAP gross margin for Q3 expected at 47% ±5%; full-year non-GAAP gross margin modeled at 51%.

• Q3 non-GAAP operating expense expected at $3.6M ±5%; full-year non-GAAP OpEx outlook raised to $13.7-$13.9M.

• Existing cash, ATM proceeds, and credit facility expected to fund operations and capital expenditures for at least the next twelve months.