QuickLogic Corporation (NASDAQ: QUIK) is a semiconductor company that develops programmable logic technologies, including embedded FPGA (eFPGA) intellectual property and discrete FPGA devices. Revenue comes primarily from eFPGA IP licensing and professional engineering services, supplemented by sales of mature programmable logic semiconductor devices. New products revenue was $10.5 million for the fiscal year ended December 28, 2025, of which approximately $9.5 million came from eFPGA IP revenue. Mature products revenue was $3.3 million for the same period. Total revenue declined approximately 30% year-over-year in FY2025, and gross profit fell 75% compared to FY2024. The company serves aerospace and defense, industrial and infrastructure, computing, and fabless semiconductor end markets. Brian C. Faith serves as President and CEO. QuickLogic competes with Lattice Semiconductor, Microchip Technology, Advanced Micro Devices (via Xilinx), and Intel (via Altera) in the discrete FPGA market.

Revenue model

QuickLogic generates revenue through two streams: new products revenue, primarily eFPGA IP licensing and professional engineering services ($10.5 million, FY2025), and mature products revenue from legacy programmable logic semiconductor devices ($3.3 million, FY2025). eFPGA IP contracts produce both contract assets and deferred revenue; contract assets were $0.2 million and deferred revenue was $0.1 million as of December 28, 2025.

Products and services

QuickLogic offers four main product categories: (1) programmable logic technologies including reprogrammable SRAM-based eFPGA IP and one-time programmable (OTP) logic architectures; (2) discrete FPGA semiconductor devices; (3) software development tools including the Aurora development platform, which combines open-source FPGA tool flows with proprietary synthesis capabilities; and (4) programmable silicon platforms that integrate fixed-function and programmable logic elements.

Customers and end markets

End markets include aerospace and defense systems, industrial and infrastructure systems, computing platforms, and fabless semiconductor companies integrating eFPGA IP into custom chip designs. The company also serves U.S. government customers under government contracts subject to federal contracting regulations.

Value-chain role

QuickLogic is a fabless semiconductor IP and device company. It designs eFPGA IP cores and programmable logic devices but relies on third-party foundries for manufacturing. It licenses IP to semiconductor designers and sells configured or unconfigured programmable logic devices to system integrators and OEMs.

Geographic exposure

The filing references global sales exposure and tariff risk related to U.S.-China trade restrictions, including U.S. tariffs on Chinese-origin goods and Chinese retaliatory measures as of February 2025, but does not disclose a specific revenue breakdown by geography.

Competitors

Lattice Semiconductor Corporation, Microchip Technology Inc. (acquired Microsemi Corporation), Advanced Micro Devices, Inc. (acquired Xilinx, Inc.), Intel Corporation (Altera brand)

Source: SEC 10-K, filed 2026-03-27

Industry: Semiconductors & Related Devices Peers: NVIDIA Corp Ascent Solar Technologies Inc EMAGIN CORP Everspin Technologies Inc GSI Technology Inc Kopin Corp Peraso Inc SolarWindow Technologies Inc Pixelworks Inc SPI Energy Co., Ltd.