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Lattice Semiconductor Corp (LSCC) stock

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NASDAQ: LSCC Nasdaq Semiconductors Next results ~February 9, 2027

B Fundamentals grade

Lattice Semiconductor Corp is a US-listed company in the semiconductors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$55

Cash-flow model

Base case. Range ~$42–$71 across our lower- and higher-growth cases (5.5%–15.5% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 43% below it.

Price used: $95.44, November 2, 2026

Lattice Semiconductor Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 12 selling4 purchases and 76 sales by directors and officers, last 12 monthsInsider trades
  • Funds346 adding, 211 cuttingOf 79 active managers that changed their stake, 48 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lattice Semiconductor files

Where Lattice Semiconductor stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $651m, up 33.3% on a year earlier, faster than 17.4% a quarter earlier. Free-cash-flow margin rose to 30.6% from 27.3% a year earlier. Operating margin widened to 7.4% from 1.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $21.30 a share, against a share price of $110.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 9, 2027 (estimated)

Lattice Semiconductor Corp's trailing-twelve-month revenue grew 33.3% year on year, with a free-cash-flow margin of 30.6%. Where it stands out: free-cash-flow margin of 30.6% ranks 9 of 75 semiconductor companies we cover. Where it lags: stock pay as % of revenue of 18.7% ranks 60 of 74 semiconductor companies we cover.

Our discounted-cash-flow model values the business at ~$55 per share in the base case (~$42–$71 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 33.3% (+15.8pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 33.3% over the last 12 months, against a median of 13.7% for semiconductor companies we cover.
  • Growth speeding up. The growth rate is 15.8 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 5.9 points on a year ago.
  • Strong cash generation. 30.6% of revenue turned into free cash flow, against a median of 9.6% for semiconductor companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Priced above our value. The share price of $95.44 is 43% above our value per share of $55.
  • Heavy stock-based pay. Stock pay equals 18.7% of revenue, against a median of 6.4% for semiconductor companies we cover: a real cost that cash-flow figures leave out.
  • High earnings multiple. The shares trade at 366 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 63% and a beta of 3.1 against the S&P 500.
  • Short interest rising. Shares sold short rose 16% in a month to 9.4% of tradable shares.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.72 against an average estimate of $0.55: beat by 30.0%
Revenue
$201m, up 62.2% on a year earlier
Share reaction
+0.9% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
FPGA revenue $210m to $230m (third quarter of 2026); lattice revenue $245m to $265m (third quarter of 2026)
Next report
November 2, 2026; average EPS estimate $0.65

Lattice Semiconductor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.7%
  • 1 week-3.0%
  • 1 month-28.8%
  • This year+29.7%
  • 1 year+30.8%
  • 5 years+22.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$651M
Operating margin
7.4%
Net margin
5.6%
EPS (TTM, diluted)
$0.26

Growth

Revenue growth
+33.3%
Change in growth rate
+15.8 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
$199M
FCF margin
30.6%
Stock pay % of revenue
18.7%

Earnings

Last results
November 2, 2026
Next results (est.)
February 9, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Insider trade
  4. Results
  5. Guidance
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lattice Semiconductor Corp valuation models and calculator

What the price is pricing in

The share price implies about 42.2% a year of cash-flow growth for five years.That is faster than the 4.8% a year revenue growth Lattice Semiconductor has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in42.2%
  • Last 12 months33.3%
  • 3 years a year-3.4%
  • 5 years a year4.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($108.36, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$55
Price used
$108.36close November 3, 2026
Implied change
▼ 50%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Lattice Semiconductor Corp's free cash flow after stock-based pay with after-tax interest added back ($105M, FY2026 Q2 TTM), growing 61.4% and 23.2% in the next two years (forecasts, guidance and its record), then back to 10.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$42–~$71 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Lattice Semiconductor Corp's free cash flow after stock-based pay ( $105M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Lattice Semiconductor Corp as an operating company, with every model that fits that kind of business. Cost of equity 13.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$55 ~$42–$71 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$37 ~$22–$50 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$49 ~$46–$85 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$15 ~$11–$20 Left out: out of range vs price (0.15x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$11 ~$9.9–$12 Left out: out of range vs price (0.11x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$49 ~$37–$55 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lattice Semiconductor Corp with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▲ +12%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $12$16$21$28$37$49
8.5% $10$13$16$21$28$36
10% $8$10$13$17$22$28

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$6.47$7.36$5.78$6.81$19.23$45.82$77.06$64.88$68.99$58.96$78.65$95.44
Market value$759m$883m$709m$862m$2.6bn$6.5bn$11.0bn$9.1bn$9.6bn$8.2bn$10.9bn$13.3bn
+ Net debt (− = net cash)$254m$228m$194m$144m$30m−$10m$27m−$16m−$128m−$136m−$134m−$173m
Enterprise value$1.0bn$1.1bn$903m$1.0bn$2.7bn$6.5bn$11.0bn$9.1bn$9.5bn$8.0bn$10.7bn$13.1bn
Multiples
Price / sales 1.9x2.1x1.8x2.2x6.5x15.9x21.3x13.8x13.1x16.0x20.8x20.4x
Price / earnings ————60.7x136.6x114.2x51.0x37.2x133.4xn/mn/m
Price / free cash flow —35.3x27.6x20.0x24.3x81.4x69.4x42.4x38.7x68.0x82.0x66.7x
EV / EBITDA —31.7x88.2x27.8x29.0x100.7x97.3x45.3x41.5x149.2xn/m—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

68 /100

Moderate moat

How hard Lattice Semiconductor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 27.8% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 63.5%, moving by 5.4 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 11.6%; its worst year was -13.5%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 26.3% of revenue.

  • Discipline 9 / 20

    The diluted share count fell 2.5% over five years; stock-based pay has been a median 8.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.14 +104% $921m +76%
Next $3.29 +54% $1.4bn +47%

Next year's EPS estimate has moved +41.4% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +17.2% on 90 days ago. In the last 30 days, 7 analysts raised Lattice Semiconductor Corp's forecast and 0 cut it.

Consensus EPS forecast Lattice Semiconductor Corp, last 90 days
$1.50 $2.00 $2.50 $3.00 $3.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.83 Current fiscal year, 60 days ago: $2.13 Current fiscal year, 30 days ago: $2.13 Current fiscal year, 7 days ago: $2.13 Current fiscal year, Now: $2.14 $2.14 Next fiscal year, 90 days ago: $2.33 Next fiscal year, 60 days ago: $3.21 Next fiscal year, 30 days ago: $3.21 Next fiscal year, 7 days ago: $3.22 Next fiscal year, Now: $3.29 $3.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.83$2.33
60 days ago $2.13$3.21
30 days ago $2.13$3.21
7 days ago $2.13$3.22
Now $2.14$3.29

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.55 $0.72 +30.0%
Jun 2026 $0.45 $0.53 +19.1%
Mar 2026 $0.37 $0.41 +10.9%
Dec 2025 $0.32 $0.32 +0.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Lattice revenue third quarter of 2026 $245m to $265m
    “Lattice revenue for the third quarter of 2026, including an approximate two-month contribution from AMI, is expected to be between $245 million and $265 million.” source
  • Net income per share third quarter of 2026 $0.54 to $0.58 Non-GAAP
    “Net income for the third quarter of 2026 is expected to be between $0.54 and $0.58 per share on a non-GAAP basis.” source
  • non-GAAP gross margin · AMI by the end of 2026 about 75% Non-GAAP
    “AMI Business Highlights: AMI's revenue for calendar 2026 is expected to be more than $200 million, with a non-GAAP gross margin expected to exceed 75% by the end of 2026, and adjusted EBITDA margins of approximately 40%.” source
  • Lattice gross margin third quarter of 2026 about 69.5% Non-GAAP
    “Lattice gross margin for the third quarter of 2026 , including an approximate two-month contribution from AMI, is expected to be 69.5% plus or minus 1% on a non-GAAP basis.” source
  • AMI's revenue calendar 2026 about $200m
    “AMI Business Highlights: AMI's revenue for calendar 2026 is expected to be more than $200 million, with a non-GAAP gross margin expected to exceed 75% by the end of 2026, and adjusted EBITDA margins of approximately 40%.” source
  • adjusted EBITDA margins · AMI calendar 2026 about 40% Non-GAAP
    “AMI Business Highlights: AMI's revenue for calendar 2026 is expected to be more than $200 million, with a non-GAAP gross margin expected to exceed 75% by the end of 2026, and adjusted EBITDA margins of approximately 40%.” source
Show 5 more items
  • new product revenue as a percent of total revenue · new products 2026 about 25%
    “Record New Product Revenue Growth: Revenue from new products grew more than 60% year over year and is tracking to exceed 25% of total revenue in 2026, led by AI-related server demand.” source
  • FPGA revenue third quarter of 2026 $210m to $230m
    “FPGA revenue for the third quarter of 2026 is expected to be between $210 million and $230 million.” source
  • Total operating expenses third quarter of 2026 $83m to $90m Non-GAAP
    “Total operating expenses for the third quarter of 2026 are expected to be between $83 million and $90 million on a non-GAAP basis.” source
  • Income tax rate third quarter of 2026 4% to 6% Non-GAAP
    “Income tax rate for the third quarter of 2026 is expected to be between 4% and 6% on a non-GAAP basis.” source
  • year-over-year revenue growth in our FPGA business third quarter of 2026 about 65% growth
    “This is reflected in our third-quarter outlook of $220 million at the midpoint or 65% year-over-year revenue growth in our FPGA business, and $255 million at the midpoint with two months of AMI revenue included.” source

How earlier guidance turned out

  • Revenue, second quarter of 2026 guided $175m to $195m Above range: $201m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Lattice Semiconductor Corp's revenue by +61.4% next year and +23.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+74.5%, weight 56%) , management guidance (+91.2%, weight 19%) and the company's own record (+10.5%, weight 25%) . How the weights are set.

Analyst recommendations

14 analysts, Nov 2026
Buy1393%
Hold00%
Sell17%

Monthly trend

  1. Nov 2026310114
  2. Oct 202639113

Counts of recommendations published by analysts covering Lattice Semiconductor Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.4%
of tradable shares
Days to cover
3.7
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
1,174
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +30.8%

$72.96 on October 31, 2025 to $95.44

ThenNowEffect
Revenue (last 12 months) $489m $651m +33.3%
Net margin 6.5% 5.6% −13.8%
P/E multiple n/m n/m +14.9%
Share count 138m 139m −0.8%

Biggest factor: revenue.

Last 3 years +65.6%

$57.63 on November 3, 2023 to $95.44

ThenNowEffect
Revenue (last 12 months) $723m $651m −9.9%
Net margin 28.3% 5.6% −80.3%
P/E multiple 39.5x n/m +826.5%
Share count 140m 139m +0.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LSCC+68%−16%+6%−18%+30%+30%
Industry peers (median)+35%−39%+16%−9%+16%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LSCC83%33%67%42%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LSCC−24%−43%−44%−50%−45%−40%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 61% from August 31, 2023 to April 8, 2025. Getting back needed a 157% gain, reached on February 11, 2026, 309 days after the low.

Price behaviour

52-week range
$61.73 – $155.27
From 52-week high
−38.5%
vs 50-day average
−16.9%
vs 200-day average
−17.6%
Volatility (1 year)
63%
Beta vs S&P 500
3.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 5 down
typical move ±8.3%
After a week
7 up, 4 down
typical move ±10.1%
After a month
7 up, 4 down
typical move ±12.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +0.9% +1.6% −0.8% −10.5%
May 4, 2026 +1.1% +0.4% +6.6% +27.8%
February 10, 2026 +20.8% −0.3% +11.1% −1.3%
November 3, 2025 −13.3% −1.0% −8.1% +3.0%
August 4, 2025 +14.6% +1.0% +23.7% +36.5%
May 5, 2025 −8.3% −1.4% +7.9% −8.2%
February 10, 2025 +10.0% +0.8% +26.2% +10.0%
November 4, 2024 −2.1% +1.0% +0.6% +13.6%
July 29, 2024 −9.6% −0.4% −19.3% −14.9%
April 29, 2024 −7.1% −1.2% −3.7% +3.2%
February 12, 2024 +3.7% −1.4% +3.5% +11.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Lattice Semiconductor Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

LSCC Lattice Semiconductor Corp Grade B $90.62

Own 100 shares, sell the $100 call expiring December 18, 2026 (46 days) for $7.10 a share — $710 per contract.

Previous session · Bid $7.10, ask $9.60, quoted Mon 2 Nov, 17:29 New York time with LSCC at $90.62. Option prices move with the shares: check the live chain at your broker before trading.

  • If LSCC ends below $100: you keep your shares and the $710 — 7.8% extra on the position, 62.2% a year at that pace.
  • If it ends above $100: your shares are sold at $100, a total return of 18.2% including the premium — at or above our value of ~$55.
$1.6k $0 −$1.7k Break-even $83.52 Price $90.62 ← Our value ~$55
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$710
Annualised
62.2%
Break-even
$83.52
Max gain
$1,648.5
Chance of selling
~41%

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Lattice Semiconductor Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lattice Semiconductor Corp
$400M $500M $600M $700M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $742.5M Revenue (TTM), FY23 Q4: $737.2M Revenue (TTM), FY24 Q1: $693.7M Revenue (TTM), FY24 Q2: $627.7M Revenue (TTM), FY24 Q3: $562.6M Revenue (TTM), FY24 Q4: $509.4M Revenue (TTM), FY25 Q1: $488.7M Revenue (TTM), FY25 Q2: $488.6M Revenue (TTM), FY25 Q3: $494.9M Revenue (TTM), FY25 Q4: $523.3M Revenue (TTM), FY26 Q1: $574M Revenue (TTM), FY26 Q2: $651.1M $651.1M

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $742.5M
FY23 Q4 $737.2M
FY24 Q1 $693.7M
FY24 Q2 $627.7M
FY24 Q3 $562.6M
FY24 Q4 $509.4M
FY25 Q1 $488.7M
FY25 Q2 $488.6M
FY25 Q3 $494.9M
FY25 Q4 $523.3M
FY26 Q1 $574M
FY26 Q2 $651.1M
Revenue growth, TTM YoY Lattice Semiconductor Corp
-40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 18.6% Revenue growth, TTM YoY, FY23 Q4: 11.6% Revenue growth, TTM YoY, FY24 Q1: -0.1% Revenue growth, TTM YoY, FY24 Q2: -13.2% Revenue growth, TTM YoY, FY24 Q3: -24.2% Revenue growth, TTM YoY, FY24 Q4: -30.9% Revenue growth, TTM YoY, FY25 Q1: -29.5% Revenue growth, TTM YoY, FY25 Q2: -22.1% Revenue growth, TTM YoY, FY25 Q3: -12.0% Revenue growth, TTM YoY, FY25 Q4: 2.7% Revenue growth, TTM YoY, FY26 Q1: 17.4% Revenue growth, TTM YoY, FY26 Q2: 33.3% 33.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 18.6%
FY23 Q4 11.6%
FY24 Q1 -0.1%
FY24 Q2 -13.2%
FY24 Q3 -24.2%
FY24 Q4 -30.9%
FY25 Q1 -29.5%
FY25 Q2 -22.1%
FY25 Q3 -12.0%
FY25 Q4 2.7%
FY26 Q1 17.4%
FY26 Q2 33.3%
Operating margin (TTM) Lattice Semiconductor Corp
-10% 0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 30.1% Operating margin (TTM), FY23 Q4: 28.8% Operating margin (TTM), FY24 Q1: 24.5% Operating margin (TTM), FY24 Q2: 22.2% Operating margin (TTM), FY24 Q3: 16.0% Operating margin (TTM), FY24 Q4: 6.8% Operating margin (TTM), FY25 Q1: 5.1% Operating margin (TTM), FY25 Q2: 1.4% Operating margin (TTM), FY25 Q3: -0.4% Operating margin (TTM), FY25 Q4: 2.1% Operating margin (TTM), FY26 Q1: 5.3% Operating margin (TTM), FY26 Q2: 7.4% 7.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 30.1%
FY23 Q4 28.8%
FY24 Q1 24.5%
FY24 Q2 22.2%
FY24 Q3 16.0%
FY24 Q4 6.8%
FY25 Q1 5.1%
FY25 Q2 1.4%
FY25 Q3 -0.4%
FY25 Q4 2.1%
FY26 Q1 5.3%
FY26 Q2 7.4%
FCF margin (TTM) Lattice Semiconductor Corp
20% 25% 30% 35% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 34.1% FCF margin (TTM), FY23 Q4: 33.8% FCF margin (TTM), FY24 Q1: 34.5% FCF margin (TTM), FY24 Q2: 29.8% FCF margin (TTM), FY24 Q3: 26.4% FCF margin (TTM), FY24 Q4: 23.5% FCF margin (TTM), FY25 Q1: 24.0% FCF margin (TTM), FY25 Q2: 27.3% FCF margin (TTM), FY25 Q3: 25.9% FCF margin (TTM), FY25 Q4: 25.3% FCF margin (TTM), FY26 Q1: 26.0% FCF margin (TTM), FY26 Q2: 30.6% 30.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 34.1%
FY23 Q4 33.8%
FY24 Q1 34.5%
FY24 Q2 29.8%
FY24 Q3 26.4%
FY24 Q4 23.5%
FY25 Q1 24.0%
FY25 Q2 27.3%
FY25 Q3 25.9%
FY25 Q4 25.3%
FY26 Q1 26.0%
FY26 Q2 30.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Lattice Semiconductor took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $523M
  2. Cost of revenue $166M · 31.8%
  3. Gross profit $357M · 68.2%
  4. Research and development $188M · 35.9%
  5. Selling, general and admin $154M · 29.4%
  6. Other operating costs $4.1M · 0.8%
  7. Operating income $11.2M · 2.1%
  8. Income tax $10.3M · 2.0%
  9. Net income $3.1M · 0.6%

Shares of revenue. Source: Lattice Semiconductor's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Jan 2010 2010 Jan 2011 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Jan 2015 2015 Jan 2016 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Jan 2026 LTM Jul 2026
Income
Revenue 194 298 318 279 333 366 406 427 386 399 404 408 515 660 737 509 523 651
Gross profit 104 180 189 151 178 206 221 247 217 219 238 245 322 452 515 340 357 449
EBITDA 6 70 58 13 48 64 −46 35 10 36 92 64 113 201 230 54 31 —
Operating income −8 55 41 −9 27 42 −107 −27 −48 −3 59 52 101 187 212 34 11 48
Net income −7 57 78 −30 22 49 −159 −54 −71 −26 43 47 96 179 259 61 3 36
Diluted EPS −$0.06 $0.48 $0.65 −$0.25 $0.19 $0.40 −$1.36 −$0.45 −$0.58 −$0.21 $0.32 $0.34 $0.67 $1.27 $1.85 $0.44 $0.02 $0.26
Growth (year on year)
Revenue — +53.2% +6.9% −12.3% +19.1% +10.1% +10.9% +5.2% −9.6% +3.3% +1.3% +1.0% +26.3% +28.1% +11.6% −30.9% +2.7% +33.3%
EBITDA — +>999% −16.8% −77.9% +272.3% +34.2% −172.7% — −70.8% +252.9% +154.8% −30.3% +75.8% +78.3% +14.1% −76.6% −42.1% —
Operating income — — −25.1% −122.7% — +55.4% −357.7% — — — — −11.3% +92.5% +85.9% +13.3% −83.8% −67.4% —
Net income — — +37.1% −137.8% — +117.6% −427.8% — — — — +9.0% +102.4% +86.5% +44.8% −76.4% −95.0% +14.8%
Diluted EPS — — +35.4% −138.5% — +110.5% −440.0% — — — — +6.3% +97.1% +89.6% +45.7% −76.2% −95.5% +13.9%
Margins
Gross margin 53.7% 60.4% 59.2% 54.0% 53.6% 56.3% 54.5% 57.9% 56.1% 55.0% 59.0% 60.1% 62.4% 68.5% 69.8% 66.8% 68.2% 69.0%
EBITDA margin 3.1% 23.4% 18.2% 4.6% 14.3% 17.4% −11.4% 8.2% 2.7% 9.1% 22.8% 15.7% 21.9% 30.5% 31.1% 10.6% 5.9% —
Operating margin −4.2% 18.5% 13.0% −3.4% 8.1% 11.4% −26.4% −6.3% −12.3% −0.8% 14.6% 12.8% 19.6% 28.4% 28.8% 6.8% 2.1% 7.4%
Net margin −3.6% 19.2% 24.6% −10.6% 6.7% 13.3% −39.2% −12.7% −18.3% −6.6% 10.8% 11.6% 18.6% 27.1% 35.1% 12.0% 0.6% 5.6%
Free-cash-flow margin 48.5% 22.9% 15.5% −3.3% 13.2% 8.2% −10.1% 5.9% 6.6% 10.8% 26.9% 19.5% 30.6% 32.6% 33.8% 23.5% 25.3% 30.6%
Cash flow
Cash from operations 101 82 62 4 57 40 −23 42 39 51 124 92 168 239 270 141 175 243
Capital spending 7 14 13 14 13 10 18 17 13 8 16 12 10 23 20 21 43 44
Free cash flow 94 68 49 −9 44 30 −41 25 26 43 109 80 158 215 249 120 133 199
Stock-based pay 5 5 6 8 10 13 18 16 13 14 19 40 46 56 70 53 116 122
Free cash flow after stock pay 90 64 43 −17 34 17 −59 9 13 29 90 39 111 160 179 67 17 77
Balance sheet
Cash 156 174 141 119 114 116 85 107 107 119 118 182 132 146 128 136 134 173
Total debt 0 0 0 0 0 0 338 335 301 263 148 172 159 130 0 0 0 0
Net debt (negative = net cash) −156 −174 −141 −119 −114 −116 254 228 194 144 30 −10 27 −16 −128 −136 −134 −173
Diluted shares 115m 120m 121m 117m 117m 120m 117m 120m 123m 127m 137m 141m 142m 141m 140m 138m 138m 139m
Returned to shareholders
Buybacks 0 2 14 18 6 13 7 0 0 0 0 15 70 110 80 67 100 44
Total returned 0 2 14 18 6 13 7 0 0 0 0 15 70 110 80 67 100 44

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · July 4, 2026
What it owns · $976m
Short-term assets $438mLonger-term assets $538m
What it owes, and who funded it · $976m
Short-term liabilities $145mLonger-term liabilities $44mShareholders' equity $788m
  • Short-term assets cover short-term liabilities $438m of assets due within a year against $145m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $438m short-term assets against $44m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Lattice Semiconductor Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$44.1M
Returned to shareholders
22%
of free cash flow
Buybacks, last 3 fiscal years
$247M
Diluted share count
+0.8%
year over year
Total shareholder yield
0.3%
dividends 0.0% + buybacks 0.3% of market value
R&D spending
33.5%
of revenue
Sales & admin spending
27.0%
of revenue
Days sales outstanding
67 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated LSCC MXL DQ AOSL IMOS RMBS Median
Revenue, last 12 months $651m $661m $665m $679m $769m $796m $1.1bn
Revenue growth, last 12 months 33.3% 56.0% −35.3% −2.5% 8.8% 17.3% 13.7%
Revenue growth, 3-year average −3.4% −8.4% 82.8% −0.6% — 20.0% 3.9%
Revenue growth, latest quarter 62.2% 72.4% — −3.5% — 22.3% 20.1%
Gross margin 69.0% 58.0% −20.7% 22.3% 10.8% 79.1% 48.3%
Operating margin 7.4% −0.9% −40.6% −6.4% 4.8% 36.3% 4.8%
Operating margin, 3-year average 10.3% −31.3% 20.8% −3.7% 12.5% 34.6% 4.8%
Net margin 5.6% −4.4% −25.6% −6.2% 2.3% 33.4% 5.3%
Cash from operations / revenue 37.4% −1.1% 7.5% −2.4% 16.7% 43.6% 17.4%
Free-cash-flow margin 30.6% −3.1% −18.5% −10.0% 0.6% 39.3% 9.6%
Free-cash-flow margin, 3-year average 29.2% −7.7% 4.7% −4.3% 1.0% 40.4% 8.5%
Stock pay / revenue 18.7% 13.2% 8.4% 3.9% 0.2% 7.4% 5.8%
Change in share count 0.8% 7.7% 1.8% 1.9% −2.9% 0.9% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 33.3% 13.7% 18 of 75
Change in growth rate Growth +15.8pp +3.7pp 10 of 75
Gross margin Profitability 69.0% 48.3% 9 of 73
Operating margin Profitability 7.4% 4.8% 35 of 75
Net margin Profitability 5.6% 5.3% 35 of 75
Free-cash-flow margin Cash generation 30.6% 9.6% 9 of 75
Stock pay as % of revenue Cash generation 18.7% 6.4% 60 of 74
Change in share count Balance sheet 0.8% 0.9% 34 of 72
Days sales outstanding Balance sheet 67 days 58 days 44 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 3, 2026
Geography
Region Revenue Share YoY
Asia $354M 67.6% ▲ 6.3%
China $273M 77.3% ▲ 32.4%
Other Asia $51.9M 14.7% ▲ 14.4%
Japan $28.6M 8.1% ▼ 64.7%
Americas $103M 19.6% ▲ 1.5%
Europe $66.8M 12.8% ▼ 11.4%

From Lattice Semiconductor Corp's 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$21.7B
Institutions reporting
605
Shares held vs prior quarter
▼ 1.1%
Positions opened / closed
147 / 28

Top buyers and sellers, Q2 2026: 346 institutions bought and 211 sold ; the biggest buyer was Jericho Capital Asset Management L.P (+3.0M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−8.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.6B 17.2M 12.1% ▲ 3.5%
Price T Rowe Associates Inc $2.1B 13.6M 9.6% ▼ 15.5%
T. Rowe Price Investment Management, Inc. $1.2B 7.8M 5.5% ▼ 52.0%
Vanguard Portfolio Management LLC $1.1B 7.2M 5.1% ▼ 2.6%
Vanguard Capital Management LLC $947M 6.2M 4.4% ▲ 0.7%
Invesco Ltd. $802M 5.2M 3.7% ▼ 15.6%
Capital Research Global Investors $757M 4.9M 3.5% ▲ 14.1%
State Street Corp $748M 4.9M 3.4% ▲ 6.0%
Artisan Partners Limited Partnership $531M 3.5M 2.4% ▲ 15.6%
Franklin Resources Inc $507M 3.3M 2.3% ▼ 5.0%
Geode Capital Management, LLC $507M 3.3M 2.3% ▲ 15.1%
Jericho Capital Asset Management L.P. $500M 3.3M 2.3% ▲ 1371.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lattice Semiconductor Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.9M 4 trades by 1 insider, last 12 months Insider sales History → $20.5M 76 trades by 12 insiders · 64% under pre-set plans
Net ▼ $18.6M net selling
Insider Date Trade Shares Price Value
Desale Pravin SVP, R&D September 15, 2026 Sell pre-set plan 2,379 $105.97 $252,103
Desale Pravin SVP, R&D September 15, 2026 Sell pre-set plan 1,700 $105.00 $178,500
Desale Pravin SVP, R&D September 15, 2026 Sell pre-set plan 200 $106.77 $21,354
Desale Pravin SVP, R&D September 14, 2026 Sell pre-set plan 2,039 $111.83 $228,021
Feanny Tracy Ann SVP, General Counsel August 18, 2026 Sell pre-set plan 1,880 $126.43 $237,688
Elashmawi Esam SVP, Strategy and Marketing August 17, 2026 Sell pre-set plan 1,934 $132.79 $256,816
Elashmawi Esam SVP, Strategy and Marketing August 17, 2026 Sell pre-set plan 1,898 $133.77 $253,895
Elashmawi Esam SVP, Strategy and Marketing August 17, 2026 Sell pre-set plan 8,882 $134.95 $1.2M
Elashmawi Esam SVP, Strategy and Marketing August 17, 2026 Sell pre-set plan 1,828 $135.83 $248,297
Elashmawi Esam SVP, Strategy and Marketing August 17, 2026 Sell pre-set plan 1,200 $136.59 $163,908
Desale Pravin SVP, R&D June 12, 2026 Sell pre-set plan 2,039 $142.89 $291,353
Feanny Tracy Ann SVP, General Counsel June 4, 2026 Sell pre-set plan 475 $149.92 $71,212

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 9, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 4, 2026
  • May 4, 2026
  • February 10, 2026
  • November 3, 2025
  • August 4, 2025

Recent SEC filings

Data status

When each part of this page on Lattice Semiconductor Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lattice Semiconductor Corp in brief

What does Lattice Semiconductor Corp do?
Lattice Semiconductor Corp is a US-listed company in the semiconductors industry. Its financial year ends in December.
What is Lattice Semiconductor Corp's stock ticker?
Lattice Semiconductor Corp trades under the ticker LSCC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lattice Semiconductor Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lattice Semiconductor Corp reported revenue of $651M, 33.3% higher than a year earlier, according to its SEC filings.
What is Lattice Semiconductor Corp's free cash flow?
Lattice Semiconductor Corp's free-cash-flow margin is 30.6% of revenue over the trailing twelve months, ranking 9 of the 75 semiconductor companies we cover.
What is Lattice Semiconductor Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Lattice Semiconductor Corp's free cash flow after stock-based pay gives ~$55 per share in the base case, and ~$42–$71 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Lattice Semiconductor Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and T. Rowe Price Investment Management, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Lattice Semiconductor Corp buying back stock, and does it pay a dividend?
Lattice Semiconductor Corp spent $44.1M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.8% over the year.
What is Lattice Semiconductor Corp's market cap?
On November 2, 2026, Lattice Semiconductor Corp's market capitalisation was about $13.3B, with a price-to-earnings ratio of 365.6 and net debt of -$173M. Market figures come from third-party market data and may be delayed.
Who are Lattice Semiconductor Corp's competitors?
In our Semiconductors peer group, the companies closest to Lattice Semiconductor Corp are Maxlinear, Inc, Daqo NEW Energy Corp., Alpha & Omega Semiconductor Ltd, Chipmos Technologies Inc and Rambus Inc. The side-by-side comparison below sets their revenue, margins and growth against Lattice Semiconductor Corp's.
Are insiders buying or selling Lattice Semiconductor Corp stock?
Over the last 12 months, Lattice Semiconductor Corp's directors and officers reported 4 open-market purchases and 76 sales on Form 4. The insider trading page charts every trade.
When is Lattice Semiconductor Corp's next earnings date?
Around February 9, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lattice Semiconductor Corp announces its own schedule.