Lattice Semiconductor Corp income statement
In fiscal 2025, Lattice Semiconductor Corp reported revenue of $523m, up 2.7% on the year before, operating income of $11.2m (a 2.1% margin) and net income of $3.1m, or $0.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 194 | 298 | 318 | 279 | 333 | 366 | 406 | 427 | 386 | 399 | 404 | 408 | 515 | 660 | 737 | 509 | 523 | 651 |
| Cost of revenue | 90 | 118 | 130 | 128 | 154 | 160 | 185 | 180 | 169 | 179 | 166 | 163 | 194 | 208 | 222 | 169 | 166 | 202 |
| Gross profit | 104 | 180 | 189 | 151 | 178 | 206 | 221 | 247 | 217 | 219 | 238 | 245 | 322 | 452 | 515 | 340 | 357 | 449 |
| Research and development | 56 | 60 | 72 | 78 | 81 | 88 | 137 | 118 | 103 | 82 | 79 | 89 | 111 | 136 | 160 | 159 | 188 | 218 |
| Selling, general and administrative | 53 | 64 | 69 | 72 | 67 | 74 | 97 | 99 | 91 | 91 | 83 | 95 | 106 | 122 | 137 | 117 | 154 | 176 |
| Operating income | −8 | 55 | 41 | −9 | 27 | 42 | −107 | −27 | −48 | −3 | 59 | 52 | 101 | 187 | 212 | 34 | 11 | 48 |
| Interest expense | — | — | — | — | 0 | 0 | 18 | 20 | 19 | 21 | 12 | 4 | 3 | 4 | 3 | 0 | 0 | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | — | −3 | −4 | 2 | 4 | 3 | 2 |
| Income before tax | −6 | 58 | 43 | −9 | 26 | 43 | −127 | −44 | −70 | −24 | 45 | 48 | 98 | 182 | 215 | 36 | 13 | 45 |
| Income tax | 1 | 1 | −36 | 21 | 4 | −6 | 33 | 10 | 1 | 2 | 2 | 1 | 2 | 3 | −44 | −25 | 10 | 8 |
| 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 |
| Diluted shares (average) | 115m | 120m | 121m | 117m | 117m | 120m | 117m | 120m | 123m | 127m | 137m | 141m | 142m | 141m | 140m | 138m | 138m | 139m |
| EBITDA | 6 | 70 | 58 | 13 | 48 | 64 | −46 | 35 | 10 | 36 | 92 | 64 | 113 | 201 | 230 | 54 | 31 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127 | 117 | 120 | 124 | 133 | 146 | 171 | 201 |
| Cost of revenue | 39 | 46 | 38 | 39 | 43 | 46 | 53 | 60 |
| Gross profit | 88 | 72 | 82 | 85 | 91 | 100 | 118 | 141 |
| Research and development | 41 | 39 | 41 | 44 | 50 | 53 | 51 | 64 |
| Selling, general and administrative | 31 | 29 | 33 | 35 | 41 | 44 | 40 | 50 |
| Operating income | 8 | −12 | 7 | 5 | −2 | 1 | 26 | 22 |
| Interest expense | 0 | 0 | — | — | — | — | — | — |
| Net interest income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | −0 |
| Income before tax | 8 | −14 | 8 | 5 | −1 | 1 | 27 | 17 |
| Income tax | 1 | −30 | 3 | 2 | −4 | 9 | 5 | −2 |
| Net income | 7 | 17 | 5 | 3 | 3 | −8 | 22 | 19 |
| Diluted EPS | $0.05 | $0.12 | $0.04 | $0.02 | $0.02 | −$0.06 | $0.16 | $0.14 |
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