<span item_type="fundamental" item_id="eafe04653a467fac39a7444aab1ae0e6" counter_id="ST/US/QUIK" env="prod"></span><span item_type="announcement" item_id="647650935569323137" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 5.051 M, missing the estimate of USD 5.508 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.13.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -2.151 M.</p><p></p><h3>Total Revenue</h3><p>QuickLogic Corporation (快辑半导体) reported total revenue from continuing operations of $5.1 million for the first quarter of fiscal 2026, marking a 16.8% increase compared to Q1 2025 ($4.325 million) and a 35.3% increase compared to Q4 2025 ($3.733 million).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></p><h4>Segment Revenue</h4><ul><li><strong>New Product Revenue</strong>: New product revenue from continuing operations was approximately $4.3 million in Q1 2026, an increase of 14.5% from Q1 2025 ($3.8 million) and a 50.7% increase from Q4 2025 ($2.9 million).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Mature Product Revenue</strong>: Mature product revenue from continuing operations was $0.8 million in Q1 2026, compared to $0.6 million in Q1 2025 and $0.9 million in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Gross Margin</h3><ul><li><strong>GAAP Gross Margin</strong>: GAAP gross margin from continuing operations was 36.5% in Q1 2026, compared with 43.4% in Q1 2025 and 18.1% in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Non-GAAP Gross Margin</strong>: Non-GAAP gross margin from continuing operations was 39.6% in Q1 2026, compared with 45.6% in Q1 2025 and 20.8% in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Operating Expenses</h3><ul><li><strong>GAAP Operating Expenses</strong>: GAAP operating expenses from continuing operations were $4.0 million in Q1 2026, compared with $3.9 million in Q1 2025 and $4.2 million in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Non-GAAP Operating Expenses</strong>: Non-GAAP operating expenses from continuing operations were $3.2 million in Q1 2026, compared with $3.0 million in Q1 2025 and $3.5 million in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Operating Income (Loss)</h3><ul><li><strong>GAAP Operating Loss</strong>: GAAP operating loss was - $2,118 thousand in Q1 2026, compared to an operating loss of - $1,981 thousand in Q1 2025 and - $3,489 thousand in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Non-GAAP Operating Loss</strong>: Non-GAAP operating loss was - $1,249 thousand in Q1 2026, compared to an operating loss of - $991 thousand in Q1 2025 and - $2,745 thousand in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Net Income (Loss)</h3><ul><li><strong>GAAP Net Loss</strong>: GAAP net loss was - $2.2 million in Q1 2026, compared with a net loss of - $2.2 million in Q1 2025, and a net loss of - $5.9 million in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Non-GAAP Net Loss</strong>: Non-GAAP net loss was - $1.3 million in Q1 2026, compared with a net loss of - $1.1 million in Q1 2025, and a net loss of - $2.8 million in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Balance Sheet Highlights (as of March 29, 2026)</h3><ul><li><strong>Cash, Cash Equivalents and Restricted Cash</strong>: QuickLogic Corporation (快辑半导体) held $6,047 thousand as of March 29, 2026, a decrease from $18,840 thousand as of December 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Total Current Assets</strong>: Total current assets were $11,181 thousand as of March 29, 2026, down from $24,223 thousand as of December 28, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Total Liabilities</strong>: Total liabilities were $8,136 thousand as of March 29, 2026, significantly lower than $22,337 thousand as of December 28, 2025, primarily due to the reduction in the revolving line of credit from $15,000 thousand to $0.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Operational Metrics (Revenue by Geography)</h3><ul><li><strong>Asia Pacific Revenue</strong>: This region accounted for 10% of total revenue in Q1 2026, an increase from 8% in Q1 2025 and consistent with 10% in Q4 2025, with revenue changes of 37% (Q1 2026 to Q1 2025) and 35% (Q1 2026 to Q4 2025).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>North America Revenue</strong>: This region represented 88% of total revenue in Q1 2026, down from 90% in Q1 2025 but up from 81% in Q4 2025, with revenue changes of 15% (Q1 2026 to Q1 2025) and 48% (Q1 2026 to Q4 2025).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li><li><strong>Europe Revenue</strong>: This region contributed 2% of total revenue in Q1 2026, consistent with 2% in Q1 2025 but down from 9% in Q4 2025, showing revenue changes of 9% (Q1 2026 to Q1 2025) and -75% (Q1 2026 to Q4 2025).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>QuickLogic Corporation (快辑半导体) expects to leverage investments in Intel 18A technology and its internally funded RadPro™ FPGA to drive progress in 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span> Initial shipments of RadPro™ Dev Kits and new contracts are building momentum for the company’s Storefront initiative.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span> This strategic execution is anticipated to position the company well for achieving its growth objectives for 2026 and beyond.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/882508/000143774926016430/ex_941431.htm"></span></p>

QuickLogic | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 5.051 M