Earnings call transcript: QuickLogic Q2 2026 revenue miss offsets margin gains

QuickLogic Corporation reported a revenue miss for Q2 2026, with total revenue amounting to $5.5 million, falling short of analysts' forecast of $6 million. Despite this, the semiconductor company experienced a 48.7% increase in sales compared to the same period last year, and non-GAAP gross margin improved to 46.8%, which was significantly higher than the 31% margin recorded a year earlier.

Adjusted net loss per share was $0.06, higher than the expected $0.04 loss. The quarter's results showed a 48.7% rise in revenue and a 46.8% improvement in non-GAAP gross margin, suggesting strong product mix and operating efficiency. Managed by CEO Brian Faith, QuickLogic highlighted growth in new product revenue, which increased to $4.7 million compared to $2.94 million a year ago.

However, the company's stock experienced a slight decline after the earnings release, from $14.23 to $14.13 in after-hours trading, driven by the revenue and EPS miss. Despite the miss, the company remains optimistic about its full-year growth outlook, with management expecting 70% to 80% revenue growth and non-GAAP profitability and positive cash flow in the second half of the year.