QuickLogic (QUIK) Stock Forecast & Price Target

QuickLogic is attractive because its transition from project-based work toward a productized model can improve revenue visibility, mix, and margins, especially as Storefront and RadPro development kits move from evaluation into device sales. The company also benefits from differentiated exposure to U.S.-fabricated radiation-hardened FPGA technology and embedded FPGA hard IP, with the SRH program expanded to an ~$89MM ceiling and 2025/1Q26 activity validating the platform. Management reaffirmed 3Q26 guidance for $5.5MM revenue, 47% gross margin, and $3.6MM of OpEx, while the outlook implies CY26 revenue growth of +70-80% Y/Y and a path toward stronger profitability.

QuickLogic is facing a negative setup because its revenue outlook depends heavily on converting evaluations into production wins, and recent results show that process is slipping as a seven figure contract extension was delayed and a commercial Intel 18A ASIC design was pushed out of the 2H26 outlook. In 2Q26, revenue of $5.5MM missed estimates and non-GAAP EPS was ($0.06), while 3Q26 guidance of about $5.5MM and EPS of ($0.05) also trails expectations, signaling continued uneven execution. Although gross margin reached 46.8% in 2Q26, the company still faces margin volatility, higher OpEx, and competitive pressure from larger FPGA, ASIC, and IP vendors that limit design-win traction.