QuickLogic Forecasts 50% Q1 Growth on $13M Contract Despite 35% Q4 Drop
QuickLogic’s Q4 2025 revenue fell 35% year-over-year, driving a non-GAAP net loss of $2.9 million and a 20.8% gross margin hit by inventory reserves. The company forecasts nearly 50% sequential revenue growth in Q1 2026 from a $13 million government contract and 50%–100% growth in 2026.
1. Q4 2025 Financial Performance
QuickLogic’s Q4 2025 revenue declined 35% year-over-year, resulting in a non-GAAP net loss of $2.9 million and a gross margin of 20.8%, pressured by inventory reserves and professional services costs. The company also recorded a significant impairment charge on its Sensible assets and highlighted uncertainty around funding timing for certain contracts.
2. Q1 2026 and Full-Year 2026 Guidance
The company forecasts nearly 50% sequential revenue growth in Q1 2026, driven by a newly awarded $13 million tranche of its US government contract. For full-year 2026, QuickLogic expects revenue to increase between 50% and 100%, supported by base mature business revenues and additional defense and commercial IP contracts.
3. Strategic Contracts and Product Development
QuickLogic has secured its position as the only US-fabricated supplier of full-spectrum radiation-hardened FPGAs with its SRH test chip. The company plans three multi-project wafer tapeouts in 2026, two of which are fully funded by customer agreements, positioning it for accelerated product deployments in the defense and commercial sectors.