QuickLogic stock gets a new CFO as guidance stays unchanged

Published on 10/06/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

QuickLogic stock trades at USD 11.67 on October 6, while the company has reaffirmed third quarter guidance. Second-quarter revenue rose 48.7 percent year over year.

QUIK, US74837P4054, Illustration mit AI erstellt.

QuickLogic Corporation (ISIN US74837P4054) was trading at USD 11.67 on Nasdaq on October 6, 2026, up USD 0.02 or 0.19 percent from the prior close. The company has installed James Sullivan as chief financial officer effective October 5 after announcing the transition on September 21, while its third quarter 2026 guidance remains unchanged, according to QuickLogic.

New CFO takes over finance

Sullivan replaced Elias Nader, who resigned effective September 18, 2026. The company said the departure was not related to a disagreement over accounting or operating policies, while Sullivan's appointment became effective on October 5, 2026, according to the company's release.

The leadership change arrives as QuickLogic pursues embedded FPGA intellectual property, specialized FPGA products and software for industrial, aerospace, defense, computing and consumer applications. Management is scheduled to participate in the 18th Annual CEO Investor Summit on October 13, 2026, in San Francisco, according to QuickLogic.

Revenue grows but losses persist

For the quarter ended June 28, 2026, QuickLogic reported revenue of USD 5.48 million, up 48.7 percent from USD 3.69 million in the year-earlier quarter. GAAP net loss narrowed to USD 887,000 from USD 2.67 million, according to Markets Insider.

The improvement in revenue and net loss gives the transition a measurable operating backdrop, but the company is still loss-making. QuickLogic's full-year 2026 outlook calls for revenue of USD 23.416 million to USD 24.793 million and growth of 70 percent to 80 percent, with non-GAAP profitability and positive cash flow expected in the second half of 2026, according to QuickLogic.

Consensus target stands above the quote

Investing.com lists a Buy consensus from four analysts, including three Buy ratings and one Hold rating. Its average 12-month price target is USD 23.00, with a low of USD 20.00 and a high of USD 27.00; the average target stands 49.3 percent above the October 6 price, according to Investing.com.

QuickLogic stock stays well below yearly high

QuickLogic stock was trading at USD 11.67 on Nasdaq at 10:09 a.m. ET on October 6, 2026. Its 52-week range was USD 5.28 to USD 24.33, while market capitalization stood at USD 206.9 million on the same date.