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1Copyright © 2025 QuickLogic Corporation, All rights reserved. Flexible Silicon. Proven IP . Expanding Markets. November/December 2025 * All data in this presentation, including forecasts and projections, is as of November 11, 2025 (as disclosed on our third fiscal quarter 2025 conference call)
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2Copyright © 2025 QuickLogic, Inc. All rights reserved. Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future profitability and cash flows, expectations regarding our future business and statements regarding the timing, milestones, and payments related to our government contracts, statements regarding the use of the Company's ATM program, and statements regarding our ability to successfully exit SensiML, and actual results may differ due to a variety of factors including: delays in the market acceptance of the Company’s new products; the ability to convert design opportunities into customer revenue; our ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of our customers’ products; the risk that new orders may not result in future revenue; our ability to introduce and produce new products based on advanced wafer technology on a timely basis; our ability to adequately market the low power, competitive pricing and short time-to-market of our new products; intense competition by competitors; our ability to hire and retain qualified personnel; changes in product demand or supply; general economic conditions; political events, international trade disputes, natural disasters and other business interruptions that could disrupt supply or delivery of, or demand for, the Company’s products; and changes in tax rates and exposure to additional tax liabilities. These and other potential factors and uncertainties that could cause actual results to differ materially from the results contemplated or implied are described in more detail in the Company’s public reports filed with the U.S. Securities and Exchange Commission (the "SEC"), including the risks discussed in the “Risk Factors” section in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in the Company’s prior press releases, which are available on the Company's Investor Relations website athttp://ir.quicklogic.com/, and on the SEC website at www.sec.gov/. In addition, please note that any forward-looking statements contained herein are based on management's current expectations and assumptions that we believe to be reasonable as of this date. We are not obliged to update these statements due to latest information or future events. Non-GAAP Financial Measures QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles, or U.S. GAAP, but believes that non-GAAP financial measures are helpful in evaluating its operating results and comparing its performance to comparable companies. Accordingly, the Company excludes certain charges related to stock-based compensation, in calculating non- GAAP (i) income (loss) from operations, (ii) net income (loss), (iii) net income (loss) per share, and (iv)gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner like how the Company analyzes its operating results and to provide consistency and comparability with similar companies in the Company’s industry. Management uses the non-GAAP measures, which exclude gains, losses, and other charges that are considered by management to be outside of the Company’s core operating results, internally to evaluate its operating performance against results in prior periods and its operating plans and forecasts. In addition, the non-GAAP measures are used to plan for the Company’s future periods and serve as a basis for the allocation of the Company's resources, management of operations and the measurement of profit-dependent cash, and equity compensation paid to employees and executive officers. Investors should note, however, that the non-GAAP financial measures used by QuickLogic may not be the same non-GAAP financial measures and may not be calculated in the same manner as that of other companies. QuickLogic does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures alone or as a substitute for financial information prepared in accordance with U.S. GAAP. A reconciliation of U.S. GAAP financial measures to non-GAAP financial measures is included in the financial statements portion of this press release. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable U.S. GAAP financial measures. QuickLogic uses its website, the company blog, corporate Twitter account, Facebook page, and LinkedIn page as channels of distribution of information about its products, its planned financial and other announcements, its attendance at upcoming investor and industry conferences, and other matters. Such information may bedeemed material information, and QuickLogic may use these channels to comply with its disclosure obligations under Regulation FD. Therefore, investors should monitor the Company’s website and its social media accounts in addition to following the Company’s press releases, SEC filings, public conference calls, and webcasts.
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3Copyright © 2025 QuickLogic, Inc. All rights reserved. QuickLogic: Riding the Renaissance of Programmable Logic Semiconductor standard products that can be programmed to desired application or functionality requirements after manufacturing. • Extends use cases for designs • Extends life cycle for production devices • Uniquely optimize for workloads / algorithms 1 Markets and Markets FPGAs (Field Programmable Gate Arrays) eFPGA IP (embedded FPGA Intellectual Property) Semiconductor IP that is included in custom ASIC designs with all the above benefits. • Improves integration • Improves latency • Lower power than traditional FPGAs • FPGA Market expected to grow at >16.4%1 CAGR from 2024 to 2029. • Military and aerospace segment is expected to expand at the fastest CAGR over the forecast period • ~ 3 in 4 US Military, Aerospace and Government “MAG” programs use FPGAs • FPGAs represent > 30% of US MAG microelectronics spend FPGA ASIC Others US MAG Semiconductor Spend
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4Copyright © 2025 QuickLogic, Inc. All rights reserved. Delivering Complete eFPGA IP and Ruggedized FPGAs Founded in 1988 Nasdaq listed in 1999 - QUIK Headquartered in San Jose, CA Uniquely positioned for growth a Customizable eFPGA IP, optimized for SWaP-C Design Services Commercial Off-The-Shelf FPGAs via Storefront SWaP-C: size, weight, power and cost
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5Copyright © 2025 QuickLogic, Inc. All rights reserved. Unique HW/SW Platform Addresses over $1Billion SAM1 (1) Per Company estimates. 2020 Introduced eFPGA IP Business Model Partnering with Global FPGA Consortia Drove 24% 4YR Revenue CAGR Reported Non-GAAP Net Income in Fiscal 2023 and 2024 2021 2022 IP Contracts and Growing Pipeline 2023/24 Record IP Contract Value and Expanded Number of Foundry / Process Technologies
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6Copyright © 2025 QuickLogic, Inc. All rights reserved. Vertical Technology Stack Supports New Business Wins 50 million devices shipped to 2,000 customers 13 fabrication nodes qualified Turnkey support via Services and Storefront More than three decades of development Based on Open Source Services and Storefront expands market Automated eFPGA IP generator Radically shortens eFPGA development cycle (time to market) Enables customer to quickly target any fabrication company / node More than Moore Modular approach to design Optimized for cost and time to market FPGA Expertise Australis Tool eFPGA IP Chiplets/ Devices
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7Copyright © 2025 QuickLogic, Inc. All rights reserved. Leveraging Services and Storefront to Broaden Market for eFPGA IP Customizable eFPGA IP, optimized for SWaP-C Design Services Commercial Off-The-Shelf FPGAs via Storefront Device Revenue IP LicenseFunded Dev Royalty Recognized during design process Revenue typically recognized at delivery Revenue recognized at shipment, up to 10+ years For running supply chains & providing finished goods SWaP-C: size, weight, power and cost
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8Copyright © 2025 QuickLogic, Inc. All rights reserved. • Supplier for mission-critical applications for 30+ yrs • Awarded contract to develop RadHard FPGA Technology for Department of Defense strategic and space system requirements Options totaling $72M over four years First four tranches, totaling ~$35M, awarded to date • Taped out SRH FPGA Test Chip on GF12LP Separate from USG Contract Targets DOD strategic defense systems including “Golden Dome” Only SRH FPGA fabricated in US Aerospace & Defense
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9Copyright © 2025 QuickLogic, Inc. All rights reserved. $1Billion+ Served Available Market(1) First Programmable Logic company to actively contribute to a fully open-source suite of development tools Fabless model provides unique combination of silicon platforms, IP cores, HW, SW, & AI SaaS solutions (1) Per Company estimates Consumer IoTIndustrial IoT AI/MLAerospace & Defense Security
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10Copyright © 2025 QuickLogic, Inc. All rights reserved. eFPGA IP Core Portfolio Expansion • Contract for greatly expanding eFPGA IP cores up to 1Million LUT • Contract for $1M eFPGA Hard IP for Data Center ASIC • Delivered SRH FPGA design files for GlobalFoundries 12LP to target US-based defense contractors working on strategic defense systems • Delivered 1st Design-Specific eFPGA Hard IP core optimized for Intel 18A • Delivered customer-specific eFPGA Hard IP cores for: • GlobalFoundries’ 12LP FinFET and 22FDX® • TSMC N12e 12nm FinFET process • Collaboration with Faraday Technologies on FlashKit - 22RRAM SoC Development Platform
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11Copyright © 2025 QuickLogic, Inc. All rights reserved. Ecosystem and IP Collaborations • Joined Intel Foundry Accelerator IP and USMAG Alliance Programs to deliver customer-definable eFPGA Hard IP cores optimized for Intel 18A • Collaboration with Zero-Error Systems to Deliver Radiation-Tolerant eFPGA IP for Commercial Space Applications • Collaboration with YorChip to develop UCIe Enabled Chiplets for Edge IoT and AI/ML markets and joined Intel Foundry Chiplet Alliance
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12Copyright © 2025 QuickLogic, Inc. All rights reserved. An Expanding Customer Base and Ecosystem Defense Work with all of the Top 5, and 8 of the Top 10 DoD Prime contractors
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13Copyright © 2025 QuickLogic, Inc. All rights reserved. • ‘Partner 2 Win’ Supplier of the Year award • “FAST LabsTM Technology Innovation Partner Of The Year” Category • Selected from a pool of suppliers that worked to advance and deliver technology for BAE Systems’ Electronic Systems sector in 2023 • Highlights relentless dedication to delivering state-of-the-art embedded FPGA Hard IP capability to the Defense Industrial Base BAE Systems’ Supplier of the Year Honors
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14Copyright © 2025 QuickLogic, Inc. All rights reserved. Secured $Millions in eFPGA Contracts ~$47M+ in new contracts since July 2021 with significant upside Based on Australis-generated eFPGA IP Pipeline includes projects on six process nodes, chiplets and storefront opportunities
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15Copyright © 2025 QuickLogic, Inc. All rights reserved. Proprietary, industry-leading eFPGA IP generator Working with large foundries Australis 2.0 to support advanced fabrication nodes for faster core speeds, improved silicon utilization and new features for high reliability applications Fast time-to-market Delivery in days/weeks vs. months/years Low, cost-effective automated approach, increases capacity Flexible Ability to meet your SoC design requirements eFPGA IP Generator – The Game Changer New Way Old Way Architects HW/SW Engineers >1 Year Design Fewer Architects / HW/SW Engineers IP Generator As little as days
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16Copyright © 2025 QuickLogic, Inc. All rights reserved. Expanding Customer Engagements 3 advanced process nodes added 2024 Intel 18A Hard IP delivered Q2 ’25 12nm capabilities led to initial contract for high-performance Data Center design 16nm 22nm 28nm 40nm 65nm 90nm 130nm 250nm 12nm Intel 18A roadmap to more advanced nodes eFPGA Hard IP Process Nodes Each new process node unlocks greater customer potential Follow-on projects within an established node can be executed rapidly (within weeks) and with improved margins by utilizing prior development efforts and investments.
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17Copyright © 2025 QuickLogic, Inc. All rights reserved. QuickLogic eFPGA IP Available on Intel 18A Silicon flexibility critical for secure, flexible, and adaptable systems Intel 18A Capabilities eFPGA Strengths
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18Copyright © 2025 QuickLogic, Inc. All rights reserved. 4-Year CAGR Through 2024 ~24% Total Revenue ~177% eFPGA IP-Related Revenue Excluding RadHard contract, eFPGA revenue for 2024 would be up 8% over 2023 eFPGA IP- Related Products Driving Growth Note: 2023 for EOS S3 impacted by Smartphone inventory digestion. $0 $5 $10 $15 $20 $25 2020 2021 2022 2023 2024FC Millions eFPGA IP-Related Products SensiML AI-Related Products EOS Sensor Processing, Display Bridge, and Connectivity Mature XX
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19Copyright © 2025 QuickLogic, Inc. All rights reserved. 0% 20% 40% 60% 80% 100% 120% 140% $- $2 $4 $6 $8 $10 $12 $14 $16 2020 2021 2022 2023 2024 Millions Operating Leverage Non-GAAP OpEx Gross Profit $ Operating Leverage Operating Leverage is Non-GAAP Gross Profit $ divided by Non-GAAP OpEx Demonstrated growth in Gross Profit $ (+189%) while tightly managing OpEx (-10%) As more designs move to License & Royalty and/or Storefront Device shipments, Gross Profit $ increases faster than OpEx Our Model Enables High Operating Leverage
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20Copyright © 2025 QuickLogic, Inc. All rights reserved. 2025: Additional Traction and Growing Storefront Opportunities • Investments to accelerate our Storefront Business Model and significantly expand market opportunity for high density FPGAs and strategic defense systems • Forecasted Q4 2025 non-GAAP profitability and positive cash flow at top end of revenue guidance • Growing number of foundry and advanced process technologies supported including Intel 18A • Introduction of Australis 2.0 to support advanced fabrication nodes • Diversification strategy showing traction, with non-SRH eFPGA revenue growth • Large ≈$72M Strategic Radiation Hardened contract continues to contribute while leading to new defense opportunities
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21Copyright © 2025 QuickLogic Corporation, All rights reserved. Thank you!
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22Copyright © 2025 QuickLogic Corporation, All rights reserved. Appendix
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23Copyright © 2025 QuickLogic, Inc. All rights reserved. 1. 2025 outlook gross margin is estimated and based Company projections reiterated on November 11, 2025 earnings call as well as expected trends in the business. These outlook figures are based on management’s current expectations and assumptions are subject to risks and uncertainties. For more information, please review the Company’s public filings as well as the material included in the Appendix to this presentation. New Product Mature Product Millions 1 10 5 10 15 20 25 30 2020 ACT 2021 ACT 2022 ACT 2023 ACT 2024 ACT Annual Revenue Outlook New & Mature Product Supporting Rising Margins (Non-GAAP) New Product Sales 51% 61% 56% 70% 63% 38% +/- 5% 0% 20% 40% 60% 80% 2020 Act 2021 Act 2022 Act 2023 Act 2024 Act 2025 Outlook Gross Margin Outlook (%)
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24Copyright © 2025 QuickLogic, Inc. All rights reserved. Driving Profitability (Non-GAAP) ($9.1) ($5.0) $1.2 ($10.0) ($8.0) ($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0 2020A 2021A 2022A 2023A 2024A Operating Income ($M) ($0.96) ($0.35) $0.05 ($1.00) ($0.80) ($0.60) ($0.40) ($0.20) $0.00 $0.20 2020A 2021A 2022A 2023A 2024A EPS ($) 24 ($1.8) ($0.18) $0.17 $2.6
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25Copyright © 2025 QuickLogic, Inc. All rights reserved. Transforming Financial Model 51% 61% 56% 70% 2020A 2021A 2022A 2023A 2024A COVID-19 Impact Non-GAAP Gross Margin(1) Driving Profitability 1. eFPGA, software and licensing opportunities driving long term revenue growth 2. Australis enabling the expansion of addressable process technologies and provides future leverage for investments made 3. Optimized expense structure to support operating model 4. Non-GAAP profitability and positive cash flow in Q4 FY’25 at high end of revenue guidance (1) Please refer to Appendix for Non-GAAP to GAAP reconciliation. 63%
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26Copyright © 2025 QuickLogic, Inc. All rights reserved. 78% 71% 54% 61% 63% 46% 31% -12% Range 45-68% -20% 0% 20% 40% 60% 80% Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25F Gross Margin (%) $0.7 $1.1 $1.1 $0.7 $1.0 $0.6 $0.8 $1.1 $1.0 $6.8 $4.9 $3.1 $3.5 $4.7 $3.8 $2.9 $1.0 $0.0 $2.0 $4.0 $6.0 $8.0 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25F Mature & New Product Revenue ($M) (F) Midpoint of forecasts for Q4 FY ‘25 based on Company projections, as announced on the November 11, 2025 earnings call Mature New Product Trended Quarterly Financial Summary (Non-GAAP) New Product Range $2.5-5.0M
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27Copyright © 2025 QuickLogic, Inc. All rights reserved. ($0.06) $0.04 ($0.07) ($0.09) ($0.19) ($0.11) - +$0.04 ($0.30) ($0.20) ($0.10) $0.00 $0.10 $0.20 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25F EPS ($) 27 Midpoint of forecasts for Q4 FY‘25 based on Company projections, as announced on November 11, 2025 earnings call. Forecasted EPS assumes shares outstanding of16.9M for Q4‘25 Trended Quarterly Financial Summary (Non-GAAP) ($0.7) $0.7 ($1.0) ($1.4) ($4.0) ($3.0) ($2.0) ($1.0) $0.0 $1.0 $2.0 $3.0 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25F Operating Income ($M) ($3.1) ($1.9) – +0.6
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28Copyright © 2025 QuickLogic, Inc. All rights reserved. ($ in millions, except per share data) Q3'2023 Q4'2023 Q1'2024 Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 New product 6.1$ 6.8$ 4.9$ 3.1$ 3.5$ 4.7$ 3.8$ 2.9$ 1.0$ Mature product 0.6 0.7 1.1 1.1 0.7 1.0 0.6 0.8 1.1 Total Revenue 6.7$ 7.5$ 6.0$ 4.1$ 4.3$ 5.7$ 4.3$ 3.7$ 2.0$ Gross margin % 78% 78% 71% 54% 61% 63% 46% 31% -12% Operating expense Research and development 1.8$ 1.3$ 1.1$ 1.3$ 1.6$ 1.4$ 1.1$ 1.0$ 1.3$ Selling, general and administrative 1.5 1.8 1.4 1.6 1.7 1.5 1.9 1.5 1.6 Total operating expenses 3.3$ 3.1$ 2.5$ 2.9$ 3.3$ 2.9$ 3.0$ 2.5$ 2.9$ Income (loss) from operations 1.9$ 2.8$ 1.8$ (0.7)$ (0.7)$ 0.7$ (1.0)$ (1.4)$ (3.1)$ Net Income (loss) 1.8$ 2.6$ 1.7$ (0.7)$ (0.9)$ 0.6$ (1.1)$ (1.5)$ (3.2)$ Net income (loss) per share 0.13$ 0.19$ 0.12$ (0.05)$ (0.06)$ 0.04$ (0.07)$ (0.09)$ (0.19)$ Source: Company SEC filings. *Totals may not equal due to rounding. Non-GAAP Quarterly Income Statement (Non-GAAP)
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29Copyright © 2025 QuickLogic, Inc. All rights reserved. Source: Company SEC filings. Non-GAAP to GAAP Reconciliation
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30Copyright © 2025 QuickLogic, Inc. All rights reserved. Balance Sheet Summary as of September 28, 2025* Capitalization as of September 28, 2025 ($ in thousands) Common Stock Outstanding 16,768,380 Asse ts Debt Interest Rate Maturity Amount Current assets Revolving Credit Line - Heritage Bank Equal to 0.50% above Prime Dec. 31, 2026 $20M Cash and cash equivalents 17,343$ Revolving Credit Line - Heritage Bank - advance taken in Q3'25 $15M Accounts receivables 2,034 Contract assets 1,396 Stock-Based Compensation (in thousands of shares) Weighted Exercis e Price Amount Note receivable, current 1,388 Options Outstanding $12.05 48 Inventories 869 Restricted Stock Units 762 Other current assets 1,261 Assets of business held for sale, net 10 Total current assets 24,301$ Other assets 227 Long-term assets 19,235 Assets of business held for sale, net 2,355 TOTAL ASSETS 46,118$ Liabilities Current liabilities Revolving line of credit 15,000$ Trade payables 2,763 Accrued liabilities 952 Deferred revenue 382 Lease liabilities, current 311 Notes payable, current 1,234 Liabilities of business held for sale (1) Total current liabilities 20,641$ Lease liabilities, non-current 218 Notes payable, non-current 529 TOTAL LIABILITIES 21,388$ Stockholders’ equity Common stock, par value 17$ Additional paid-in capital 342,977 Accumulated deficit (318,264) TOTAL STOCKHOLDERS' EQUITY 24,730$ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 46,118$ Balance Sheet and Capitalization Summary * Unaudited Source: Company SEC filings.
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31Copyright © 2025 QuickLogic, Inc. All rights reserved. Expanding Markets - DARPA Toolbox Initiative Authorized supplier of embedded FPGA IP & open-source FPGA tools Dramatically reduces time-to-target new process nodes with eFPGA technology Provides DARPA researchers access to portfolio of customizable eFPGA IP cores Gives Aero & Defense contractor’s 100% visibility via open-source development tools Expands licensing opportunities among Mil-Aero, and Defense customers Long history serving the defense industry