QuickLogic Reports Fiscal Fourth Quarter and Full Year 2025 Financial Results

SAN JOSE, Calif., March 3, 2026  -- QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs, and Endpoint AI solutions, today announced its financial results for the fiscal fourth quarter that ended December 28, 2025.

Recent Highlights

• Expanded U.S. Strategic Radiation Hardened (SRH) FPGA government program, increasing total contract ceiling to approximately $89 million and successfully taped out a test chip on GlobalFoundries 12LP process
• Announced $13 million contract tranche for the U.S. SRH FPGA government program
• Received initial orders for SRH FPGA Development Kits (Dev Kits) for Test Chip evaluation
• Incorporated architectural enhancements developed under 1M LUT Feasibility Study Contract that enable QuickLogic to address lucrative markets for very high-density discrete and embedded FPGAs
• Secured multiple, new commercial eFPGA Hard IP design wins, including a high-performance data center production ASIC on a 12nm process node
• Entered the hardware cybersecurity market through a partnership with Idaho Scientific, enabling crypto-agile secure ASIC and SoC designs using QuickLogic eFPGA Hard IP
• Advanced presence in space and high-reliability computing as University of Saskatchewan selected eFPGA IP for a radiation-tolerant RISC-V StarRISC microcontroller platform
• Published customer case study showing 50% power savings when Epson moved from Software to eFPGA for programmable algorithm processing

"We are extremely proud the U.S. Government has expanded the scope of our Prime Contract and awarded us a $13 million tranche last month," said Brian Faith, CEO of QuickLogic. "With this and the milestones we accomplished during 2025, we have entered 2026 on very sound footing, and we believe, positioned for significant revenue growth beginning this year."

Explore eFPGA IP:

• Radiation-Hardened eFPGA
• eFPGA Hard IP Generator

Fiscal Fourth Quarter 2025 Financial Results

Total revenue from continuing operations for the fourth quarter of fiscal 2025 was $3.7 million, a decrease of 34.2% compared with the fourth quarter of 2024 and an increase of 84.0% compared with the third quarter of 2025.

New product revenue from continuing operations was approximately $2.8 million in the fourth quarter of 2025, a decrease of $1.8 million, or 38.5%, compared with the fourth quarter of 2024 and an increase of $1.8 million, or 198.6%, compared with the third quarter of 2025.

Mature product revenue from continuing operations was $0.9 million in the fourth quarter of 2025. This compares to $1.0 million in the fourth quarter of 2024 and $1.1 million in the third quarter of 2025.

Fourth quarter 2025 GAAP gross margin from continuing operations was 18.1% compared with 62.7% in the fourth quarter of 2024 and (23.3%) in the third quarter of 2025.

Fourth quarter 2025 non-GAAP gross margin from continuing operations was 20.8% compared with 65.8% in the fourth quarter of 2024 and (11.9%) in the third quarter of 2025.

Fourth quarter 2025 GAAP operating expenses from continuing operations were $4.2 million compared with $3.4 million in the fourth quarter of 2024 and $3.5 million in the third quarter of 2025.

Fourth quarter 2025 non-GAAP operating expenses from continuing operations were $3.5 million compared with $2.6 million in the fourth quarter of 2024 and $2.9 million in the third quarter of 2025.

Fourth quarter 2025 GAAP net loss was ($6.0 million), or ($0.35) per share, compared with a net loss of ($0.3 million), or ($0.02) per share, in the fourth quarter of 2024, and a net loss of ($4.0 million), or ($0.24) per share, in the third quarter of 2025.

Fourth quarter 2025 non-GAAP net loss was ($2.9 million), or ($0.17) per share, compared with a net income of $0.6 million, or $0.04 per share, in the fourth quarter of 2024, and a net loss of ($3.2 million), or ($0.19) per share, in the third quarter of 2025.

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, March 3, 2026, to discuss its current financial results. The conference call will be webcast on QuickLogic's IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. No Passcode is needed to join the conference call. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13758490.

The call recording, which can be accessed by phone, will be archived through March 10, 2026, and the webcast will be available for 12 months on the Company's website.

Financial Tables

To read financial tables, click here

About QuickLogic

QuickLogic is a fabless semiconductor company specializing in embedded FPGA (eFPGA) Hard IP, discrete FPGAs, and endpoint AI solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.