QuickLogic Q3 revenue misses estimates

Overview

• US programmable logic developer's fiscal Q3 revenue rose 153% yr/yr but missed analyst expectations

• Adjusted loss per share for fiscal Q3 missed analyst expectations

• Gross margin improved to 37.4% from negative 23.3% a year earlier

Outlook

• Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

• NEW PRODUCT REVENUE - Co said yr/yr revenue growth was driven by new products, though new product revenue fell sequentially

• AUTOMOTIVE AND INDUSTRIAL DESIGN WIN - Co cited a new eFPGA Hard IP design win in automotive and industrial markets as a contributor to business momentum

• PORTFOLIO EXPANSION - Co highlighted expansion of eFPGA IP portfolio with new core targeting mission-critical applications

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Quicklogic Corp is $21.00, about 147.9% above its November 9 closing price of $8.47

• The stock recently traded at 135 times the next 12-month earnings vs. a P/E of 146 three months ago

Reuters Recommended Reads

• Nov 10 - Chipmaker Infineon forecasts strong 2027 growth on data-centre demand

• Nov 10 - Germany's Infineon Q4 revenue rises sequentially

• Nov 10 - Germany's Elmos Semiconductor Q3 sales rise on strong demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)