QuickLogic (QUIK) Announces New $2.7M Discrete FPGA Contract

Maham Fatima

Mon, May 18, 2026 at 10:39 AM EDT 1 min read

QuickLogic Corp. (NASDAQ:QUIK) is one of the best performing semiconductor stocks so far in 2026. On May 13, QuickLogic Corporation announced a new discrete FPGA contract with a ceiling value of $2.7 million. Revenue recognition for the agreement is scheduled to begin in Q2 2026 and will extend through Q1 2027.

Under the scope of the contract, QuickLogic will design and tape out FPGA test chips using the GlobalFoundries 12LP fabrication process. The tape-out is slated for 2026, and the resulting test chips will be integrated into a new evaluation kit scheduled for release in late 2026.

The upcoming evaluation kit will feature compatibility with standard third-party development environments, allowing both commercial and Defense Industrial Base/DIB customers to reduce costs and accelerate design timelines. Moving forward, QuickLogic Corp. (NASDAQ:QUIK) is also exploring plans to leverage this discrete FPGA as a chiplet for storefront devices to pair with third-party microcontrollers.

QuickLogic Corp. (NASDAQ:QUIK) is a fabless semiconductor company specializing in customizable, low-power programmable logic solutions, including eFPGA Hard IP and radiation-hardened FPGAs. The company combines advanced technology with open-source tools to serve the aerospace, defense, industrial, computing, and consumer markets.

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