Recent Updates — QUIK

QuickLogic Corporation announced that Chief Financial Officer Elias Nader resigned effective September 18, 2026, to pursue other opportunities. The company appointed James Sullivan as Senior Vice President of Finance and Chief Financial Officer, effective October 5, 2026. Sullivan receives an annual base salary of $340,000, a signing bonus of $10,000, and $600,000 in restricted stock units granted outside the company's equity plan under Nasdaq inducement rules. The CEO confirmed that third quarter 2026 guidance remains unchanged. QuickLogic Corporation is a fabless semiconductor company specializing in embedded FPGA hard IP, radiation-hardened FPGAs, and programmable logic solutions.

QuickLogic Corporation reported fiscal second quarter 2026 results ending June 28, 2026. Total revenue increased 48.7% year-over-year to $5.5 million, driven by a 59.7% rise in new product revenue to approximately $4.7 million. GAAP net loss narrowed to $0.9 million, or $0.05 per share, compared to a $2.7 million loss in the prior year period. The company also reported a $0.95 million gain on extinguishment of a vendor payable. Management narrowed its full-year 2026 growth outlook to 70%–80%, modeling non-GAAP profitability and cash flow positive operations for the second half of the year. QuickLogic is a fabless semiconductor company specializing in embedded FPGA Hard IP, radiation-hardened FPGAs, and programmable logic solutions.