QuickLogic Secures SRH FPGA Dev Kit Orders, Faces 20–30% 2025 Revenue Drop Forecast
QuickLogic secured orders for its Strategic Radiation Hardened FPGA Development Kit, featuring GlobalFoundries-fabricated 12 nm SRH test chips, with deliveries slated for late Q1 2026. An analyst forecasts a 20–30% revenue decline in 2025 from defense contract delays, but says storefront sales will hit 10% next year, supporting an $8.6 price target.
1. QuickLogic Secures Initial Orders for Strategic Radiation Hardened FPGA Kit
QuickLogic Corporation has received its first orders for the Strategic Radiation Hardened FPGA Development Kit (SRH FPGA Dev Kit), featuring test chips funded by QuickLogic and fabricated on GlobalFoundries’ 12 nm process technology. These kits, designed to meet the stringent requirements of several large Defense Industrial Base programs, are scheduled for delivery in late Q1 2026. The SRH FPGA test chip’s radiation-hardened antifuse architecture targets applications in space, defense and other mission-critical markets, positioning QuickLogic to compete for both discrete and embedded SRH FPGA opportunities within ASIC designs.
2. Transition to Storefront Revenue to Offset 2025 Headwinds
Analyst projections anticipate QuickLogic’s 2025 revenue will decline by 20–30% year-over-year, driven by defense contract delays and revenue concentration risks. However, the company’s strategic pivot toward a storefront model in 2026—where customers purchase development kits and IP licenses directly—could account for 10% of total revenues next year. This shift is expected to support a multiple expansion, underpinning a 1-year price target of $8.60 and implying roughly 10% upside, as investors price in recurring revenue streams and reduced customer concentration.