US Stocks Move: QuickLogic Semiconductor falls over 8% pre-market as Q1 revenue increases but gross margin falls short of guidance
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Glonghui, May 13｜A certain exchange fell more than 8% again in pre-market trading to $17.5. In terms of news, FastGather Semiconductors released its financial report for the first quarter of fiscal year 2026 after the closing on May 12, 2026. Revenue achieved double-digit growth, but gross margin was below guidance, and net loss slightly widened year-on-year, although it narrowed significantly quarter-on-quarter. The company maintained its full-year 2026 revenue growth target of 50%-100%, and reiterated its expectation to achieve Non-GAAP profitability in the second half of 2026.
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