Loading…
Lattice Semiconductor Corporation
$16.1B
Market Cap
3,932.5
P/E
1.73
PEG
0.4%
ROCE
0.4%
ROE
0.05
D/E
2.2%
OPM
-26.5%
% from 52W High
78
α RS
🔍 LSCC is showing a high-conviction setup because it matches 3 of 37 tracked screener presets and RS Rating is 78. Net: Partial signal stack, not a recommendation. ? Conviction RS Rating
Sources
Conviction 3/37 · RS Rating 78
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for LSCC including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding LSCC
View All Superinvestors →
Manager Shares Value % of Fund Period
Stan Druckenmiller Duquesne Family Office 323.1K $30.0M 0.89% Mar 2026
Steve Cohen Point72 Asset Management 148.8K $13.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$201M
+62% YoY
Operating Income
$77.1M
+126% YoY
Operating Margin
38.3%
+10.9pp YoY
Net Income
$74.4M
+128% YoY
What Went Right
  • Record revenue of $201M beat guidance, with non-GAAP EPS of $0.53 up >120% YoY.
  • Compute & Communications revenue grew 83% YoY on AI datacenter demand; Industrial & Embedded grew 36% YoY.
  • AMI acquisition closed ahead of plan, pushing Lattice to a >$1B annualized revenue run rate in Q3 guidance.
What to Watch
  • Assembly supply chain is constrained industry-wide; management is qualifying new capacity and expects supply/demand in line by September.
  • Increasing supply chain costs and expedite fees will need to be partly absorbed and partly passed on to customers.
  • AMI's low-margin hardware pass-through business is a transitory drag in Q3/Q4 and is expected to be fully exited by end of 2026.
Management Guidance
  • Q3 total revenue guidance of $245M-$265M (FPGA $210M-$230M plus ~2 months AMI $33M-$37M).
  • Q3 non-GAAP EPS guidance of $0.54-$0.58, and combined gross margin of 69.5% ±1%.
  • AMI expected to exit 2026 at >$200M revenue run rate with >75% gross margin and >40% EBITDA margin; AMI revenue expected to grow ~25% in 2027.
Investor Lens
The thesis is stronger after the quarter: revenue growth accelerated to 62% YoY, operating leverage pushed EPS up over 120%, and the AMI close adds a high-margin, recurring-revenue business that should be accretive from Q4. Management now expects a $1.2B exit run-rate for 2026, ahead of the prior $3B-by-2030 trajectory. The main watch items are supply constraints and cost inflation, but bookings extend well into 2027 and the company is actively securing capacity. Overall, the combination of AI datacenter momentum, improving industrial recovery, and AMI integration makes the growth story more credible.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Record Q2: revenue $201M, EPS $0.53, ahead of guidance.
Revenue
Q2 revenue hit a record $201M, up 62% YoY and 18% QoQ, exceeding the high end of guidance. Compute & Communications grew 83% YoY, driven by AI datacenter demand, while Industrial & Embedded grew 36% YoY on continued recovery.
Profitability
Non-GAAP net income came in at $74.4M, up 128% YoY, and non-GAAP EPS of $0.53 grew more than 120% YoY. Earnings growth again significantly outpaced revenue growth.
Margins
Non-GAAP gross margin expanded 170bps QoQ to 71.7%, helped by favorable product/customer mix. Non-GAAP operating margin rose 390bps sequentially to 38.3%, with adjusted EBITDA margin at 43.0%.
Balance Sheet
GAAP operating cash flow was $88.3M in Q2, up from $50.3M in Q1; free cash flow was $81.3M, a 40.4% margin. AMI was acquired for $1B cash plus 5.2M shares, funded with $925M of term loan drawdown, and management plans to cut leverage to below 2x EBITDA by end of 2027.
Key Risks
Management flagged assembly supply constraints, rising industry-wide costs and expedite fees, and temporary China industrial softness. AMI's non-core hardware pass-through revenue will be a near-term margin drag until it is fully exited by Q4 2026.
Outlook
Q3 revenue is guided to $245M-$265M with non-GAAP EPS of $0.54-$0.58, implying ~65% YoY FPGA revenue growth and a >$1B annualized run-rate. AMI should be accretive from Q4, and new products are expected to exceed 25% of 2026 revenue.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Record Q2 revenue and EPS growth were driven by robust AI and industrial demand, with strong operating leverage and cash flow. The AMI acquisition expands the addressable market and is expected to be EPS accretive, supporting a multi-year growth outlook.
Q1 2026 Q1 2026 2026-05-04
Q1 2026 saw 42% revenue growth and 80%+ EPS growth, driven by strong AI and server demand. The AMI acquisition is expected to double the addressable market and be immediately accretive to margins and EPS. Guidance for Q2 implies continued robust growth.
Q4 2025 Q4 2025 2026-02-10
Delivered strong Q4 and full year 2025 results with robust growth in data center and physical AI, record design wins, and expanding margins. 2026 guidance points to at least 20% revenue growth, with continued investment in R&D and shareholder returns.
Q3 2025 Q3 2025 2025-11-03
Q3 revenue rose 7.6% sequentially to $133.3M, with record growth in communications and computing. Q4 guidance implies 22% year-over-year growth, led by accelerating AI and data center demand, while industrial and auto segments are set to recover as inventory normalizes.
Q2 2025 Q2 2025 2025-08-04
Q2 2025 saw 3% sequential revenue growth to $124M, with strong gross margin and record design wins. Communications and compute led growth, while industrial and auto are set to rebound as inventory normalizes. Q3 guidance projects further revenue and margin expansion.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.