QuickLogic Corp. (QUIK) reported strong Q1 2026 results, with total revenue reaching $5.1 million, a 16.5% increase year-over-year and a substantial 35.3% sequential rise. The growth was primarily driven by new product revenue, which surged 14.2% year-over-year to $4.3 million, and a notable contribution from the recently launched RadPro FPGA development kits. Despite a non-GAAP gross margin of 39.6% falling short of expectations, the company anticipates improved margins in the second half of the year due to a shift towards higher-margin products.
The implications for QuickLogic’s stock are significant, as management reiterated a robust growth target of 50%-100% year-over-year for 2026, with Q1 and Q2 guidance already accounting for approximately 80% of the previous year’s revenue. Recent contract wins, particularly in the defense sector, and a new memorandum of understanding to evaluate RadPro chiplet integration further bolster the growth outlook.
Investors should note the anticipated recovery in gross margins and the potential for increased revenue from the storefront model, which aims to enhance predictability and profitability as product shipments ramp up.
Source: fool.com