QuickLogic Corporation received its first orders for the Strategic Radiation‑Hardened FPGA Development Kit, a product built on the company’s proprietary SRH FPGA test chip fabricated on GlobalFoundries’ 12 nm process. The orders come from defense industrial‑base customers and the company plans to deliver the kits in late Q1 2026.
The orders mark a key milestone in QuickLogic’s strategy to monetize its only‑source SRH FPGA technology, positioning the company as the sole U.S.‑fabricated option for strategic defense applications. By generating recurring revenue from a high‑margin niche, the kit supports QuickLogic’s broader transition to an embedded‑FPGA IP business model.
QuickLogic’s liquidity profile—$17.3 million in cash and a $15 million revolving credit facility—underscores the importance of the new orders. The revenue from these contracts will provide a tangible cash inflow that can help bridge the company’s current liquidity constraints while it pursues larger contracts and storefront sales in 2026.
In Q3 2025, QuickLogic reported revenue of $2.03 million, down 51.8% year‑over‑year, and in Q1 2025 revenue was $4.3 million, a 23.7% decline. The new orders signal a potential turnaround in the defense segment, which has an expanded SRH contract ceiling of approximately $88 million disclosed in December 2025.
Management highlighted the strategic importance of the kit, noting that the SRH FPGA test chip was designed to meet the requirements of large defense industrial‑base customers. CEO Brian Faith emphasized that the investment optimizes the company’s chances of winning designs for discrete SRH FPGAs and demonstrates capability for embedded SRH FPGA technology in ASIC designs.
The development kit aligns with QuickLogic’s broader eFPGA IP strategy, which includes a $1.1 million contract for eFPGA IP targeting GlobalFoundries’ 12LP process, with IP delivery scheduled for Q2 2025. The new orders reinforce the company’s trajectory toward generating storefront revenue, targeting 10% of total revenue in 2026.
While the article does not disclose specific financial figures for the orders, the milestone is expected to contribute to QuickLogic’s recurring revenue stream and help mitigate its current liquidity challenges.
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