QuickLogic Secures First Strategic Radiation Hardened FPGA Kit Orders, Late Q1 Delivery
QuickLogic announced receipt of its first orders for the Strategic Radiation Hardened FPGA Development Kit, which includes SRH FPGA test chips fabricated on GlobalFoundries' 12nm process. The kits are scheduled for delivery in late Q1 2026 and target hardware programs within the Defense Industrial Base.
1. Strategic Radiation Hardened FPGA Development Kit Orders
QuickLogic announced that it has received initial orders for its Strategic Radiation Hardened FPGA Development Kit (SRH FPGA Dev Kit), which integrates the company’s self-funded test chips fabricated on GlobalFoundries’ 12 nm process. These development kits were designed to meet demanding specifications from multiple large Defense Industrial Base customers with active programs in development. The orders mark QuickLogic’s first commercial traction for its Strategic Radiation Hardened line and represent a key milestone toward securing discrete FPGA design wins in both standalone and embedded applications.
2. Production and Delivery Timeline
The SRH FPGA test chips included in the development kits were funded by QuickLogic in the previous fiscal year and completed fabrication in late 2025. Delivery of the SRH FPGA Dev Kit is scheduled for late first quarter 2026, positioning QuickLogic to support customer evaluation and prototype qualification activities ahead of potential full-scale production orders in the second half of the year. The use of an industry-proven 12 nm node underscores the company’s focus on reliability and performance under radiation exposure conditions.
3. Revenue Outlook and Storefront Transition
Following anticipated delays in defense contract awards that are expected to drive a 20–30% year-over-year revenue decline in 2025, QuickLogic is targeting a shift in its revenue mix toward storefront sales in 2026. Management guidance indicates that storefront revenue—driven by off-the-shelf FPGA modules and endpoint AI solutions—could account for approximately 10% of total revenues next year. This transition is viewed as a catalyst for stabilizing top-line growth and reducing concentration risk from large program-based contracts.
4. Analyst Rating and Valuation Implications
One leading semiconductor analyst maintains a buy rating on QuickLogic with a one-year price target implying roughly 10% upside. The report highlights the company’s unique combination of embedded FPGA IP, discrete hardened FPGAs and low-power AI solutions as undervalued assets. The anticipated shift toward recurring storefront revenue, coupled with the strategic radiation-hardened product ramp, is expected to support multiple expansion in valuation metrics once 2026 results begin to reflect these new business dynamics.