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QuickLogic Reports Fiscal Third Quarter 2026 Financial Results

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SAN JOSE, Calif., Nov. 10, 2026 /PRNewswire/ — QuickLogic® Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (“eFPGA”) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, and ruggedized programmable logic solutions, today announced its financial results for the fiscal third quarter ended September 27, 2026.

Recent Highlights

Secured a six-figure eFPGA Hard IP design win for an automotive industrial SoC targeting battery management, precision motor control, and robotic applications on a 16nm process technologyExpanded our eFPGA IP portfolio with a new 12LP core featuring enhanced DSP capabilities, scalability beyond 250,000 LUTs, and optional configuration-bit health monitoring for improved reliability in mission-critical applicationsAppointed James Sullivan as Senior Vice President of Finance and Chief Financial Officer

“Our recent automotive and industrial design win is a strong validation of our eFPGA technology,” said Brian Faith, CEO of QuickLogic. “Combined with our latest eFPGA Hard IP advancements and continued progress on the U.S. strategic radiation-hardened FPGA program, we are building momentum across key areas of our business and anticipate a strong finish to the year.”

Fiscal Third Quarter 2026 Financial Results

Total revenue from continuing operations for the third quarter of fiscal 2026 was $5.1 million, an increase of 153.2% compared with the third quarter of 2025 and a decrease of 6.3% compared with the second quarter of 2026.

New product revenue from continuing operations was approximately $4.0 million for the third quarter of 2026, an increase of $3.1 million, or 324.4%, compared with the third quarter of 2025 and a decrease of $0.6 million, or 13.2%, compared with the second quarter of 2026.

Mature product revenue from continuing operations was $1.1 million for the third quarter of 2026, compared with $1.1 million in the third quarter of 2025 and $0.8 million in the second quarter of 2026.

Third quarter 2026 GAAP gross margin from continuing operations was 37.4%, compared with (23.3%) in the third quarter of 2025 and 43.9% in the second quarter of 2026.

Third quarter 2026 non-GAAP gross margin from continuing operations was 41.0%, compared with (11.9%) in the third quarter of 2025 and 46.8% in the second quarter of 2026.

Third quarter 2026 GAAP operating expenses from continuing operations were $4.0 million, compared with $3.5 million in the third quarter of 2025 and $4.1 million in the second quarter of 2026.

Third quarter 2026 non-GAAP operating expenses from continuing operations were $3.3 million, compared with $2.9 million in the third quarter of 2025 and $3.5 million in the second quarter of 2026.

Third quarter 2026 GAAP net loss was ($2.2 million), or ($0.12) per share, compared with a net loss of ($4.0 million), or ($0.24) per share, in the third quarter of 2025, and a net loss of ($0.9 million), or ($0.05) per share, in the second quarter of 2026.

Third quarter 2026 non-GAAP net loss was ($1.3 million), or ($0.07) per share, compared with a net loss of ($3.2 million), or ($0.19) per share, in the third quarter of 2025, and a net loss of ($1.1 million), or ($0.06) per share, in the second quarter of 2026.

Conference Call

QuickLogic will hold a conference call at 2:30 p.m. Pacific Time / 5:30 p.m. Eastern Time today, November 10, 2026, to discuss its current financial results. The conference call will be webcast on QuickLogic’s IR Site Events Page at https://ir.quicklogic.com/ir-calendar. To join the live conference, you may dial (877) 407-0792 and international participants should dial (201) 689-8263 by 2:20 p.m. Pacific Time. A recording of the call will be available approximately one hour after completion. To access the recording, please call (844) 512-2921 and reference the passcode 13763456.

The call recording, which can be accessed by phone, will be available through November 17, 2026, and the webcast will be available for 12 months on the Company’s website.

About QuickLogic

QuickLogic is a fabless semiconductor company specializing in eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs, and ruggedized programmable logic solutions. QuickLogic’s unique approach combines cutting-edge technology with open-source tools to deliver highly customizable low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.

QuickLogic uses its website (www.quicklogic.com), its blog (https://www.quicklogic.com/blog/), and LinkedIn page (https://www.linkedin.com/company/13512/) 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 be deemed 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.

Non-GAAP Financial Measures

QuickLogic reports financial information in accordance with United States Generally Accepted Accounting Principles (“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, impairment charges, and restructuring costs, as well as significant non-recurring gains, in calculating non-GAAP (i) operating expenses, (ii) income (loss) from operations, (iii) net income (loss), (iv) net income (loss) per share, and (v) cost of revenue and gross margin percentage. The Company provides this non-GAAP information to enable investors to evaluate its operating results in a manner consistent with 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 flows, 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, 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 GAAP. A reconciliation of 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 GAAP financial measures and the reconciliation of non-GAAP financial measures with their most directly comparable GAAP financial measures.

Forward Looking Statements

This press release 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 the Company’s future profitability, revenue growth, and cash flows, expectations regarding its future business and statements regarding the timing, milestones, and payments related to its government contracts, statements regarding expected contracts and the expected magnitude of such contracts, and statements regarding expected adoption rates and/or orders by customers. 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; the ability to replace revenue from end-of-life products; the level and timing of customer design activity; the market acceptance of the Company’s customers’ products; the risk that orders may not result in future revenue; ability to introduce and produce new products based on advanced wafer technology on a timely basis; ability to adequately market the low power, competitive pricing, and short time-to-market of the Company’s new products; intense competition; 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 and Quarterly Reports on Form 10-Q, as well as disclosed in the Company’s prior press releases, which are available on the Company’s Investor Relations website at http://ir.quicklogic.com/ and on the SEC website at www.sec.gov/. In addition, please note that the date of this press release is November 10, 2026, and any forward-looking statements contained herein are based on management’s current expectations and assumptions that the Company believes to be reasonable as of this date. QuickLogic is not obliged to update these statements even as new information becomes available or other events occur in the future.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

CODE: QUIK-E 

 –Tables Follow –

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited) 

Three Months Ended

Nine Months Ended

September
27, 2026

September
28, 2025

June 28,
2026

September
27, 2026

September
28, 2025

Revenue

$

5,138

$

2,029

$

5,482

$

15,671

$

10,041

Cost of revenue

3,217

2,501

3,075

9,501

7,682

Gross profit (loss)

1,921

(472)

2,407

6,170

2,359

Operating expenses:

Research and development

1,491

1,398

1,556

4,559

3,859

Selling, general and administrative

2,512

2,057

2,552

7,501

6,555

Impairment charges

—

—

—

—

300

Restructuring costs

34

—

16

61

75

Total operating expenses

4,037

3,455

4,124

12,121

10,789

Operating income (loss)

(2,116)

(3,927)

(1,717)

(5,951)

(8,430)

Interest expense

(39)

(87)

(71)

(164)

(292)

Interest income and other income (expense), net

(16)

9

(41)

(90)

(28)

Gain on extinguishment of vendor payable

—

—

950

950

—

Income (loss) from continuing operations before
income taxes

(2,171)

(4,005)

(879)

(5,255)

(8,750)

(Benefit from) provision for income taxes

8

(1)

3

8

5

Net income (loss) from continuing operations

(2,179)

(4,004)

(882)

(5,263)

(8,755)

Net income (loss) from discontinued operations, net
     of taxes and inclusive of $87 in restructuring
     costs for the nine months ended September 28,
     2025

(4)

(3)

(5)

(13)

(113)

Net income (loss)

$

(2,183)

$

(4,007)

$

(887)

$

(5,276)

$

(8,868)

Net income (loss) from continuing operations per
share:

Basic

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.55)

Diluted

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.55)

Net income (loss) per share:

Basic

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.56)

Diluted

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.56)

Weighted average shares outstanding:

Basic

18,419

16,516

18,110

17,999

15,957

Diluted

18,419

16,516

18,110

17,999

15,957

Note: Income taxes related to discontinued operations were immaterial in nature for the periods presented and as such, only net income (loss) from discontinued operations was reported herein.

 

QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

September 27,
2026

December 28,
2025

ASSETS

Current assets:

Cash and cash equivalents

$

19,199

$

18,840

Accounts receivable, net

1,030

2,809

Contract assets

335

217

Inventories

938

956

Prepaid expenses and other

2,308

1,399

Assets of business held for disposal, net

—

2

Total current assets

23,810

24,223

Property and equipment, net

16,197

18,233

Capitalized internal-use software, net

1,429

1,117

Right of use assets, net

226

464

Intangible assets, net

310

339

Inventories

—

187

Other assets

266

241

TOTAL ASSETS

$

42,238

$

44,804

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Revolving line of credit

$

5,000

$

15,000

Trade payables

2,235

2,251

Accrued liabilities

1,732

1,779

Deferred revenue

786

64

Notes payable, current

1,466

1,870

Lease liabilities, current

218

321

Total current liabilities

11,437

21,285

Long-term liabilities:

Lease liabilities

—

126

Notes payable

823

926

Total liabilities

12,260

22,337

Stockholders’ equity:

Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and
     outstanding

—

—

Common stock, $0.001 par value; 200,000 authorized; 18,754 and 17,290 shares issued
     and outstanding as of September 27, 2026 and December 28, 2025, respectively

19

17

Additional paid-in capital

359,447

346,662

Accumulated deficit

(329,488)

(324,212)

Total stockholders’ equity

29,978

22,467

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

42,238

$

44,804

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts and percentages)

(Unaudited)

Three Months Ended

Nine Months Ended

September
27, 2026

September
28, 2025

June 28,
2026

September
27, 2026

September
28, 2025

GAAP operating income (loss)

$

(2,116)

$

(3,927)

$

(1,717)

$

(5,951)

$

(8,430)

Adjustment for stock-based compensation within:

Cost of revenue

184

231

158

498

578

Research and development

134

96

139

481

443

Selling, general and administrative

572

501

457

1,523

1,586

Adjustment for impairment charges

—

—

—

—

300

Adjustment for restructuring costs

34

—

16

61

75

Non-GAAP operating income (loss)

$

(1,192)

$

(3,099)

$

(947)

$

(3,388)

$

(5,448)

GAAP net income (loss) from continuing
operations

$

(2,179)

$

(4,004)

$

(882)

$

(5,263)

$

(8,755)

Adjustment for stock-based compensation within:

Cost of revenue

184

231

158

498

578

Research and development

134

96

139

481

443

Selling, general and administrative

572

501

457

1,523

1,586

Adjustment for impairment charges

—

—

—

—

300

Adjustment for restructuring costs

34

—

16

61

75

Adjustment for significant non-recurring gain

—

—

(950)

(950)

—

Non-GAAP net income (loss) from continuing
operations

$

(1,255)

$

(3,176)

$

(1,062)

$

(3,650)

$

(5,773)

GAAP net income (loss) from discontinued
operations

$

(4)

$

(3)

$

(5)

$

(13)

$

(113)

Adjustment for stock-based compensation within:

Research and development

—

—

—

—

(32)

Adjustment for restructuring costs

—

—

—

—

87

Non-GAAP net income (loss) from discontinued
operations

$

(4)

$

(3)

$

(5)

$

(13)

$

(58)

Non-GAAP net income (loss)

$

(1,259)

$

(3,179)

$

(1,067)

$

(3,663)

$

(5,831)

GAAP net income (loss) from continuing
operations per share, basic

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.55)

Adjustment for stock-based compensation

0.05

0.05

0.04

0.14

0.16

Adjustment for impairment charges

—

—

—

—

0.02

Adjustment for restructuring costs

—

—

—

—

0.01

Adjustment for significant non-recurring gain

—

—

(0.05)

(0.05)

—

Non-GAAP net income (loss) from continuing
operations per share, basic

$

(0.07)

$

(0.19)

$

(0.06)

$

(0.20)

$

(0.36)

GAAP net income (loss) from discontinued
operations per share, basic

$

—

$

—

$

—

$

—

$

(0.01)

Adjustment for stock-based compensation

—

—

—

—

—

Adjustment for restructuring costs

—

—

—

—

0.01

Non-GAAP net income (loss) from discontinued
operations per share, basic

$

—

$

—

$

—

$

—

$

—

Non-GAAP net income (loss) per share, basic

$

(0.07)

$

(0.19)

$

(0.06)

$

(0.20)

$

(0.36)

GAAP net income (loss) from continuing
operations per share, diluted

$

(0.12)

$

(0.24)

$

(0.05)

$

(0.29)

$

(0.55)

Adjustment for stock-based compensation

0.05

0.05

0.04

0.14

0.16

Adjustment for impairment charges

—

—

—

—

0.02

Adjustment for restructuring costs

—

—

—

—

0.01

Adjustment for significant non-recurring gain

—

—

(0.05)

(0.05)

—

Non-GAAP net income (loss) from continuing
operations per share, diluted

$

(0.07)

$

(0.19)

$

(0.06)

$

(0.20)

$

(0.36)

GAAP net income (loss) from discontinued
operations per share, diluted

$

—

$

—

$

—

$

—

$

(0.01)

Adjustment for stock-based compensation

—

—

—

—

—

Adjustment for restructuring costs

—

—

—

—

0.01

Non-GAAP net income (loss) from discontinued
operations per share, diluted

$

—

$

—

$

—

$

—

$

—

Non-GAAP net income (loss) per share, diluted

$

(0.07)

$

(0.19)

$

(0.06)

$

(0.20)

$

(0.36)

GAAP gross margin percentage from continuing
operations

37.4

%

(23.3)

%

43.9

%

39.4

%

23.5

%

Adjustment for stock-based compensation included
in cost of revenue

3.6

%

11.4

%

2.9

%

3.1

%

5.8

%

Non-GAAP gross margin percentage from
continuing operations

41.0

%

(11.9)

%

46.8

%

42.5

%

29.3

%

 

QUICKLOGIC CORPORATION

SUPPLEMENTAL DATA

(Unaudited)

Percentage of Revenue

Change in Revenue

Q3 2026

Q3 2025

Q2 2026

Q3 2026 to
Q3 2025

Q3 2026 to
Q2 2026

COMPOSITION OF REVENUE

Revenue by product: (1)

New products

79

%

47

%

85

%

324

%

(13)

%

Mature products

21

%

53

%

15

%

2

%

33

%

Revenue by geography:

Asia Pacific

9

%

47

%

8

%

(53)

%

1

%

North America

85

%

51

%

88

%

323

%

(9)

%

Europe

6

%

2

%

4

%

736

%

54

%

(1)

New products include all products manufactured on 180 nanometer or smaller semiconductor processes, and eFPGA IP and related professional services. Mature products include all products produced on semiconductor processes larger than 180 nanometer. Associated royalty revenues are included within their respective device’s classification. The Company notes it did not recognize revenue at the SensiML entity held for disposal during the periods presented herein.

 

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SOURCE QuickLogic Corporation

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Rachana Shukla, MD, and Vaishalee Shukla, MD Introduce Hybrid Choice™ Concierge Program Through Concierge Choice Physicians

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Helping patients enjoy a more personalized, connected healthcare experience with enhanced physician connectivity and availability

ROCKVILLE CENTRE, N.Y., Nov. 10, 2026 /PRNewswire/ — Rachana Shukla, MD and Vaishalee Shukla, MD, experienced internal medicine physicians serving the Westchester community, are now offering the Hybrid Choice concierge program through Concierge Choice Physicians (CCP). The program is designed to provide patients with enhanced connectivity, more personalized attention, and greater physician availability, helping foster stronger relationships and a more responsive healthcare experience.

Recognizing that many patients value additional time, communication, and support from their physician, the doctors have introduced the CCP Hybrid Choice concierge program as an option for those seeking a more personalized healthcare experience. The program complements their existing practice, allowing all patients to continue receiving care while offering members enhanced physician connectivity, greater availability, and additional conveniences

“For us, the foundation of good medicine has always been the relationship we build with our patients. This program allows us to spend more time with patients, communicate more directly, and provide the type of personalized attention that helps people feel supported, informed, and confident in their healthcare decisions,” said Dr. Rachana Shukla.

Membership benefits include easy-to-secure, extended appointments, direct physician connectivity, enhanced care coordination and medical advocacy, preventive health planning, and a more personalized approach to care. Members also benefit from greater physician availability, continuity of care, and a dedicated support team focused on responsiveness and service.

“We are excited to launch this new program and look forward to welcoming our members,” said Dr. Vaishalee Shukla. “This is an exciting time for our practice, and we can’t wait to begin this new, truly personalized style of medicine.”

The physicians practice at Shukla MD, located at 150 Lockwood Avenue, Suite 30, New Rochelle, NY 10801. The Hybrid Choice program is available for an annual membership fee. For more information or to enroll, contact Concierge Choice Physicians at 877.888.5590.

About Rachana Shukla, MD
Rachana Shukla, MD is an internal medicine physician with over a decade of experience caring for adults in the Westchester community. She started her private practice, Shukla Medical Services PLLC, in 2015 and has been practicing since. She earned her medical degree from Dr. D. Y. Patil Medical College in Navi Mumbai, India, and completed her residency training in Internal Medicine at Sound Shore Medical Center of Westchester, affiliated with New York Medical College. Dr. Shukla combines extensive clinical experience with a strong commitment to preventive care, chronic disease management, and building lasting relationships that support her patients’ long-term health and wellness.

About Vaishalee Shukla, MD
Vaishalee Shukla, MD is a board-certified internal medicine physician who has served patients throughout Westchester County for more than two decades. She received her medical degree and completed her residency training in Internal Medicine at Sound Shore Medical Center of Westchester, affiliated with New York Medical College. Throughout her career, Dr. Shukla has provided care in hospital, outpatient, and community-based settings, bringing a thoughtful, patient-centered approach to preventive medicine, chronic disease management, and personalized primary care.

About Concierge Choice Physicians (CCP)
Dedicated to providing real options for patients and physicians, Concierge Choice Physicians™ is the largest private provider of the full range of concierge programs available today—Hybrid and FullFlex™. The company provides innovative, flexible and affordable models proven to work in medical practices of any size—from solo physicians to large medical practice corporations—both independent and affiliated with hospitals or health systems. Headquartered in Rockville Centre, NY, the company has worked with thousands of physicians in 35 states. For more information, please visit www.ccpmd.com.

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SOURCE Concierge Choice Physicians

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Ares Management Corporation to Present at the TD Cowen 2026 Financials & Fintech Conference

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NEW YORK, Nov. 10, 2026 /PRNewswire/ — Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the TD Cowen 2026 Financials & Fintech Conference on Wednesday, November 18, 2026, at 3:10pm ET.

A live audio webcast of the presentation will be available on the Investor Resources section of the Company’s website at www.ares.com. For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2026, Ares Management Corporation’s global platform had approximately $691 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.

Investor Relations:
irares@ares.com 

Media:
media@ares.com 

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SOURCE Ares Management Corporation

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TELUS Mental Health Index: Burnout, presenteeism, and youth mental health crisis are negatively impacting Philippine business productivity

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A new nationwide survey reveals 82 percent work unwell at least once a week, nearly half experience burnout, and 77 percent fear career repercussions if they disclose mental health concerns.

Quick Facts:

More than half (55 percent) of workers report that their mental health is negatively affecting work productivityNearly half (48 percent) of Filipino workers routinely end their workday mentally or physically exhausted, with younger workers (under 40) twice as likely as older peers to report constant stressWorkers feeling mentally and/or physically exhausted lose 49.5 productivity days per year, directly affecting workplace productivityEighty-two percent of employees report working while mentally or physically unwell at least once a weekMore than half (54 percent) of workers lack emergency savings to cover basic needsAlmost eight in 10 workers (77 percent) fear career damage if they disclose mental health issues, driving a culture of hidden strain and unaddressed risk

MANILA, Philippines, Nov. 11, 2026 /PRNewswire/ — Today, TELUS Health – a global digital health and workforce wellbeing company – released its first Philippines-focused TELUS Mental Health Index (“the Index”). The report reveals that burnout, exhaustion, and presenteeism have escalated into productivity risks across the Philippines, as stigma makes workforce mental health and wellbeing a critical business imperative for organizations.

The Index is based on an independent, nationally representative survey of 2,000 employed adults across diverse sectors, regions, and demographics of the general Philippine workforce. The research evaluates workforce wellbeing on a 0–100 scale, where higher scores reflect better mental health and lower risk. Scores are categorized across optimal (80–100), strained (50–79), and distressed (0–49) ranges. Overall, the Philippine national benchmark score sits at 61.6, indicating widespread strain among workers in the country.

According to the Index, unaddressed employee strain directly impairs national economic performance, with 55 percent of workers reporting that mental health challenges actively undermine their daily productivity.

Compounded by financial stress where half of the workforce (50 percent) report personal finances as the primary source of personal stress, more than half (54 percent) lack emergency savings to cover basic needs and employees are increasingly turning up to work while unwell. Eighty-two percent report experiencing “presenteeism”, also known as working while functioning below their capacity as a result of being unwell, at least one day per week. Workers reporting feeling mentally or physically exhausted at the end of their workday costs organizations up to 49.5 days in lost productivity.

Workplace stigma is a key barrier to address wellbeing in the workplace, as 77 percent of employees fear disclosing mental health challenges due to potential career repercussions, forcing Filipino workers to suffer in silence while organizations absorb the hidden costs of reduced performance and employee turnover.

“Presenteeism is a costly hidden expense for Philippine businesses today, as 82 percent of employees report working while unwell at least once a week and the impact on operational output should not be ignored,” said Paula Allen, Global Leader of Research and Insights, TELUS Health. “Stigma is a factor in this and it’s damaging in two ways. Firstly, stigma makes people feel the need to hide, which drains their energy. Secondly, it prevents people from seeking necessary help, including confidential health support. This crisis is hitting the younger workforce hardest, with workers under 40 being twice as likely to feel under constant stress and 70 percent more likely to end their day completely exhausted. When young employees push through physical and mental strain without proper support, companies burn out the future leaders driving their organizations.”

This report reveals distinct vulnerabilities across age groups, financial obligations, and regional populations:

Younger workers feel the pressure: Workers under 40 are twice as likely as those over 50 to feel under constant stress and twice as likely to cite mental health as their primary personal stressor. Workers under 40 are twice as likely as workers over 50 to report a lack of work-life balance as a source of work stress and 70 percent more likely than those over 50 to end their workday feeling mentally or physically exhausted.Financial stress is driving mental health strain: Everyday financial obligations have created a persistent state of strain across the workforce, with 41 percent of workers reporting they feel under constant stress. Workers without emergency savings continue to experience a lower mental health score (55.5) than the overall group (61.6). This financial pressure takes a toll on productivity and wellbeing, as workers stressed about money lose 44.6 working days annually.Climate impact on mental health: Environmental factors heavily affect regional gaps as 24 percent of workers report losing income due to climate disaster-related work stoppages, and 14 percent report difficulty working remotely due to power outages or connectivity failures during natural disasters.

The cultural stigma remains as managers are unequipped to support workforce wellbeing

The cultural stigma around disclosing mental health is a major barrier to receiving support. Seventy-seven percent of workers report they would be concerned about their career options if their workplace was aware of a mental health issue. Deep-seated self-stigma is also on the rise, with 63 percent of workers admitting they would feel negatively about themselves if they experienced a mental health issue.

“Workplace culture and cultural stigma are barriers to workforce wellbeing in the Philippines,” said Jamie MacLennan, Region Head, Asia-Pacific, TELUS Health. “More than three-quarters of employees fear their career progression will be impacted by disclosing mental health challenges and this silent suffering is costing companies in lost productivity. People leaders don’t feel equipped to handle wellbeing conversations, so businesses have a responsibility to support managers with proper training to address workplace stigma and ensure accessible, judgment-free support systems for every employee.”

More than half of Filipino workers (52 percent) report that cost is the top barrier to seeking professional mental health support. The second biggest barrier is a lack of guidance on what type of care is best (32 percent), followed by where to find care (29 percent). Closing communication gaps, training leadership with structured facilitated training, and delivering accessible mental health and wellbeing programs are essential steps for employers aiming to reduce organizational risk and support sustainable performance.

This TELUS Mental Health Index includes insights related to anxiety and isolation, highlighting the critical importance of human connection and community support. Checking in with others and giving back to our communities can significantly boost mental wellbeing. As a company rooted in social purpose, TELUS Health is committed to improving health outcomes and fostering community connections. Read the full Philippines TELUS Mental Health Index here.

About the TELUS Mental Health Index research methodology

Data for this report was collected through an online survey of 2,000 people living in the Philippines who are currently employed or were employed within the last six months. This is not an internal survey of TELUS or TELUS Digital team members. Participants are selected to represent the age, gender, industry, and geographic distribution in the Philippines, with survey responses gathered between July 24 and August 5, 2026.

The TELUS Mental Health Index is based on a response scoring system that turns individual responses into point values. Higher point values are associated with better mental health and less mental health risk. Benchmark scores out of 100 represent optimal (80–100), strained (50–79), and distressed (0–49) mental health categories.

Frequently Asked Questions

What is the primary source of stress for workers in the Philippines?

Fifty percent of workers cite personal finances as their primary source of personal stress. This financial pressure directly impacts workforce performance, causing stressed employees to lose an average of 44.6 working days per year in productivity. An additional 10 percent cite broader economic conditions such as the cost of living as their leading stressor.

How many Philippine employees lack emergency savings for basic needs?

More than half (54 percent) of workers lack emergency savings to cover basic needs. Workers without emergency savings continue to experience a lower mental health score (55.5) than the overall group (61.6).

What percentage of Philippine workers suffer from workplace burnout and fatigue?

Forty-eight percent of workers often end their workday feeling mentally and/or physically exhausted. Exhausted employees lose 49.5 productivity days per year—nearly 20 full working days more than non-exhausted peers. Workers under 40 are 70 percent more likely than those over 50 to experience end-of-day exhaustion.

Does mental health stigma affect career advancement in the Philippines workforce?

Seventy-seven percent of workers would be concerned that their career options would be limited if they had a mental health issue that their workplace was aware of. This fear of professional fallout is accompanied by high self-stigma, as 63 percent report they would feel negatively about themselves if they experienced mental health challenges.

What is presenteeism and how much does it cost Philippine employers?

Presenteeism is the practice of working while feeling mentally or physically unwell, reported by 82 percent of Filipino employees at least one day per week. Workers who never work while unwell lose only 17.3 days of productivity per year, whereas employees working while unwell 4 to 5 days a week lose between 64 and 71 working days annually per person. The loss in working days translates to a significant financial loss for businesses, highlighting the commercial imperative to address mental health issues.

What can support Philippine workers to get mental health support?

Employee Assistance Programs provide confidential, professional mental health support at no cost to the worker. The support given is personalized to the individual’s needs. It is also available every hour of every day, which enables immediate intervention for crisis situations. When well communicated in a workplace, the value is significant. Cost is the primary barrier for 52 percent of workers, while 42 percent report that their manager has never communicated the availability of employer health and wellbeing programs. Additionally, 32 percent do not know what type of care is best for them, and 29 percent refrain from seeking support due to fear of social judgment.

How do natural disasters and typhoons impact workplace productivity in the Philippines?

Nearly eight in 10 workers report a direct impact on their work performance due to recent natural disasters. Specifically, 24 percent lost income due to work stoppages, 16 percent were unable to commute, and 14 percent experienced remote work disruptions from power and internet outages. Workers experiencing disaster-related emotional distress lose an average of 54.8 working days per year. The critical incident support offered through and EAP addresses the major upheaval that these situations create, and supports workers with the skills and confidence to manage through difficulty. 

How does TELUS Health support the wellbeing of its own workforce?

Team member wellbeing is foundational to our culture, and we lead by example through comprehensive physical, psychological, and financial support systems. Our team members and their eligible family members have access to confidential counseling and mental health services through our Employee Assistance Program (EAP), alongside digital health platforms and mental health support. TELUS actively invests in specialized leadership training to ensure managers are equipped to recognize burnout, champion psychological safety, and ensure team members can access support without fear of career repercussions.

About TELUS Health
TELUS Health is a global technology leader advancing health data infrastructure and workforce wellbeing. Across healthcare systems, we build interoperable digital technology uniting electronic medical records, pharmacy management platforms, and virtual care so vital health information flows securely across the entire ecosystem. For organizations, we deliver comprehensive, life-stage support that integrates physical, mental, and financial wellbeing. By connecting care systems and empowering workforces, TELUS Health drives better health outcomes for individuals, organizations, governments and healthcare providers worldwide. For more information, visit telushealth.com. 

Media Contact:
Kaya Arai
TELUS Health Public Relations
kaya.arai@telus.com 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/telus-mental-health-index-burnout-presenteeism-and-youth-mental-health-crisis-are-negatively-impacting-philippine-business-productivity-302934762.html

SOURCE TELUS Health; TELUS Communications Inc.

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