QuickLogic Secures Orders for 12 nm Radiation-Hardened FPGA Kits, Eyes 10% Storefront Revenue
QuickLogic received orders for its Strategic Radiation Hardened FPGA Dev Kit with SRH test chips fabricated on GlobalFoundries' 12 nm process, delivery slated late Q1 2026. Analysts forecast a 20–30% 2025 revenue drop, with management targeting storefront sales at 10% of revenue in 2026 to expand valuation multiples.
1. QuickLogic Secures Orders for Strategic Radiation Hardened FPGA Dev Kit
QuickLogic Corporation announced that it has received initial orders for its Strategic Radiation Hardened FPGA Development Kit (SRH FPGA Dev Kit), which incorporates test chips fabricated on GlobalFoundries’ 12 nm process. The kits, funded by QuickLogic in 2025, are designed to meet the stringent requirements of major Defense Industrial Base programs currently in development. Delivery is scheduled for late Q1 2026, positioning QuickLogic to capture both discrete SRH FPGA design wins and embedded FPGA opportunities in next-generation ASICs. This order intake validates the company’s investment in radiation-hardened antifuse technology and reinforces its strategic relationship with defense contractors.
2. Transition to Storefront Revenue Poised to Drive Valuation Expansion
Despite a projected 20–30% year-over-year revenue decline in 2025 due to defense contract delays and high customer concentration risks, QuickLogic is targeting a shift toward storefront revenue in 2026. Management expects standalone sales of eFPGA and endpoint AI solutions—offered through open online channels—to contribute approximately 10% of total revenues next year. This diversification is viewed as a key catalyst by analysts, who foresee a rerating of valuation multiples once recurring, lower-ticket transactions offset lumpier contract flows and improve revenue visibility.