Quicklogic

QUIK · NASDAQ

$9.23−$0.01 (−0.11%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $9.24

QUIK analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $19.64 (+112.7% upside)

Low: $8.08
Now: $9.23
High: $28.35

Upgrades and downgrades

The latest rating actions, newest first

QUIK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Sep 21, 2026	Maintains	Buy	$20.00	46%
Needham	Aug 12, 2026	Maintains	Buy	$22.00 → $20.00	46%
Needham	May 20, 2026	Initiates	Buy	$22.00	46%
Lake Street	May 13, 2026	Maintains	Buy	$11.00 → $22.00	0%

The case for and against

Updated Oct 16, 2026

Bull case

QuickLogic is positioned for a constructive shift from project-based work toward a more repeatable product and IP model, supported by eFPGA licensing, Storefront, and RadPro development kits that can translate evaluations into device sales. The company’s 3Q26 midpoint guidance of $5.5MM revenue, 47% gross margin, and $3.6MM OpEx implies disciplined execution, while its CY26 revenue growth guide of +70-80% Y/Y and the $89MM government contract ceiling support visibility. A broader customer mix across defense, aerospace, industrial, automotive, and satellite, plus expected gross margin improvement from 55.0% in CY26 to 62.8% in CY27, strengthens the bullish fundamental case.

Bear case

QuickLogic is facing a fundamentally challenged outlook because its recent results and guidance both missed expectations, with 2Q26 revenue of $5.5MM and 3Q26 revenue guided at $5.5MM midpoint, while non-GAAP EPS was negative and margins are expected to compress sharply versus estimates. The business also shows heightened execution risk, as management narrowed CY26 revenue growth to +70-80% Y/Y, yet that target depends on a back-half ramp tied to the $89MM ceiling government contract and a new funding tranche before year-end, while delayed contract extensions and removed ASIC work highlight fragile visibility. Leadership instability from the CFO departure, combined with recurring concerns over design-win conversion, uneven product mix, and shipment variability, reinforces a bearish fundamental view.

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