QuickLogic Wins Strategic Radiation-Hardened FPGA Orders; Storefront Revenue Seen at 10% in 2026
QuickLogic received orders for its Strategic Radiation Hardened FPGA Development Kits, built on GlobalFoundries’ 12nm process, with deliveries scheduled in late Q1 2026 for Defense Industrial Base programs. Analysts expect 20–30% revenue decline in 2025 but forecast storefront revenue at 10% in 2026 and a $8.6 price target.
1. QuickLogic Secures Initial Orders for Strategic Radiation Hardened FPGA Development Kits
QuickLogic Corporation announced that it has received the first customer orders for its Strategic Radiation Hardened FPGA Development Kit (SRH FPGA Dev Kit). The kits include test chips fabricated on GlobalFoundries’ 12 nm process, a program funded by QuickLogic in the prior year to validate radiation-hardened performance for defense applications. Delivery is scheduled for late Q1 2026. CEO Brian Faith noted that these initial orders come from large Defense Industrial Base customers developing programs that require discrete or embedded SRH FPGA solutions. The successful fabrication and order intake mark a critical milestone in QuickLogic’s strategy to win design wins for both standalone and ASIC-integrated hardened FPGA technologies.
2. Transition to Storefront Revenue as a Key Growth and Valuation Catalyst
Analyst forecasts for QuickLogic project 2025 revenue to decline by 20–30% year-over-year, reflecting delays in defense contract awards and concentrated revenue streams. However, the company’s planned transition to a storefront sales model in 2026—targeting 10% of total revenues—offers potential upside in multiple expansion. The storefront approach will enable direct sales of IP cores and development kits to a broader set of industrial and aerospace customers, reducing dependency on large program contracts and smoothing revenue recognition. This shift is expected to improve gross margins by leveraging higher software-defined revenues and enhance investor visibility on recurring income streams.