Quicklogic Corp

quicklogic.com

What Do They Do?

Licenses embedded FPGA intellectual property to semiconductor companies for custom chips, and sells programmable logic devices and design tools to defense contractors, government agencies and system makers.

How Do They Make Money?

QuickLogic sells FPGA devices and licenses eFPGA IP, sometimes providing engineering services to help customers integrate the IP; some arrangements may also include royalties based on customer production volumes.

FY2025 revenue by product or service revenue

Segment	Share	How money arrives
New Products Mix	76% FY2021: 61%	Mix
Hardware Products Sold outright	7.2% FY2021: 39%	Sold outright
Mature Products Sold outright	24% FY2021: 39%	Sold outright
eFPGA IP Licensed	69% FY2021: 21%	Licensed

Who Are Their Customers?

Defense, industrial and other system customers buy FPGA devices, usually through authorized distributors; semiconductor companies license eFPGA IP directly.

Customers above 10% of revenue, FY2025

of revenue from two customers (44%, 11%)

FY2024: 56% from one customer

Do Revenues Turn Into Profits?

No. It lost $14.8M in FY2025.

Operating income, FY2025

−87% of revenue

▲ +373% (Loss) vs FY2024 (−$2.5M, −13%)

Net income, FY2025

−108% of revenue

▲ +286% (Loss) vs FY2024 (−$3.8M, −20%)

Free cash flow, FY2025

−47% of revenue

▲ +20% (Loss) vs FY2024 (−$5.4M, −27%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 28, 2026

Revenue: ▲ +49%; vs $3.7M in Q2 FY2025
Net income: ▼ −67% (Loss); vs −$2.7M in Q2 FY2025

New Products share of revenue vs 79.1% in Q2 FY2025

Growing. Revenue grew 60% in 4 years, from $8.6M in FY2020 to $13.8M in FY2025, about 12% a year.

Revenue over time

New Products Hardware Products Mature Products eFPGA IP SaaS and Other

$20M$10M$0

FY2020 FY2021 FY2022 FY2024 FY2025

Who Do They Compete With?

Competes with Lattice Semiconductor, Microchip Technology, Advanced Micro Devices, and Intel

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