Quicklogic Corp Dossier
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SectorInformation Technology IndustrySemiconductors Beta (adjusted)1.17 Intrinsic Value $7.85median of 2 methodsbased on filings through 28 Jun 2026 Market Price $11.66Price as of 1 Oct 2026 OvervaluedIntrinsic value is 33% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $213.6M Enterprise Value $197.9M Shares Outstanding 18.4M diluted Next Earnings Date11 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary QuickLogic Corp (QUIK) is undergoing a structural turnaround driven by its high-margin embedded FPGA (eFPGA) IP licensing, the innovative Australis design software, and a strategic expansion into the defense and aerospace sectors via its Strategic Radiation Hardened (SRH) RadPro FPGAs. Despite historical profitability challenges and a recent Q1 2026 earnings miss due to inventory reserves, the company's massive operating leverage and a robust pipeline of government and commercial contracts position it for substantial revenue acceleration and non-GAAP profitability in the second half of 2026. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$22.00 Mean target$23.67 High · most bullish analyst$27.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario The bear case reflects persistent contract lumpiness, execution delays in government programs, and further inventory write-downs that depress gross margins. If the company fails to achieve sequential revenue growth, its limited cash runway (less than 1 year based on free cash flow trends) may necessitate dilutive capital raises. Base CaseCentral scenario The base case assumes QuickLogic successfully executes its secured contracts, including the $13 million government contract tranche and newly signed Intel 18A and GlobalFoundries 12LP agreements. Revenue is projected to grow sequentially throughout the year, reaching the midpoint of the company's FY2026 guidance ($20.66M to $27.54M), leading to non-GAAP breakeven/profitability by late 2026 or early 2027. Bull CaseUpside scenario QuickLogic's growth is driven by multiple concurrent catalysts, including strategic radiation-hardened defense programs (RadPro), Intel 18A foundry contracts, and a transition to a high-margin storefront product model. The company's embedded FPGA (eFPGA) IP pipeline is highly scalable, allowing it to grow licensing and royalty revenues with high operating leverage. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |