Lattice Semiconductor (NASDAQ:LSCC) Issues Earnings Results

Lattice Semiconductor (NASDAQ:LSCC) issued its quarterly earnings data on Monday. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17, FiscalAI reports. Lattice Semiconductor had a net margin of 5.53% and a return on equity of 18.28%. The business had revenue of $291.04 million for the quarter, compared to the consensus estimate of $255.90 million. The company’s quarterly revenue was up 118.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS.

Here are the key takeaways from Lattice Semiconductor’s conference call:

• Record growth and strong guidance: Q3 revenue reached $291 million, up 118% year over year, while non-GAAP EPS rose 160% to $0.72. Q4 guidance calls for $325 million–$345 million in revenue and $0.82–$0.86 in EPS.
• Data center demand is accelerating, with Compute & Communications revenue up 132% year over year. Management cited rising server deployments, AI content per server, higher FPGA attach rates, and expectations for server units to grow to roughly 25 million in 2027.
• Management raised its long-term outlook, targeting at least 60% revenue growth in 2027 from an approximately $1 billion 2026 base and more than 30% compound annual growth over the next five years. Backlog extends into 2028, and Industrial & Embedded demand is recovering across automation, robotics, aerospace, medical, and autonomy applications.
• The AMI acquisition contributed $39 million of Q3 revenue and exceeded expectations with favorable mix and margins. Lattice expects AMI to grow meaningfully, while joint security, rack-management, power-and-cooling, and plug-and-play solutions are already progressing through customer proof-of-concept engagements.
• Lattice is building inventory and securing multi-year supplier agreements to support expected demand, while channel inventory will remain deliberately lean to limit overhang risk. The company plans to prioritize debt reduction, targeting net leverage below two times EBITDA by year-end 2026, before considering broader acquisition activity.

Lattice Semiconductor Stock Down 2.0%

Shares of LSCC traded down $2.13 during mid-day trading on Wednesday, reaching $103.79. The company had a trading volume of 576,338 shares, compared to its average volume of 2,002,510. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 324.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.90. The firm has a 50-day moving average price of $114.70 and a 200 day moving average price of $115.52. Lattice Semiconductor has a 52 week low of $60.50 and a 52 week high of $157.01.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Esam Elashmawi sold 15,742 shares of Lattice Semiconductor stock in a transaction on Monday, August 17th. The stock was sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the completion of the transaction, the senior vice president owned 155,420 shares in the company, valued at approximately $20,945,953.40. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $111.83, for a total value of $228,021.37. Following the completion of the sale, the senior vice president directly owned 73,456 shares in the company, valued at $8,214,584.48. This trade represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,661 shares of company stock valued at $2,587,259 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Thursday, October 15th. Jefferies Financial Group boosted their target price on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Buy” and an average price target of $166.82.

Trending Headlines about Lattice Semiconductor

Here are the key news stories impacting Lattice Semiconductor this week:

• Positive Sentiment: For Q3, revenue reached a record $291 million, up 118% year over year, while earnings of $0.72 per share topped estimates of about $0.55. The company cited strong AI-related demand; results also included contributions from its AMI acquisition. Lattice Semiconductor reports record Q3 revenue
• Positive Sentiment: Management forecast Q4 revenue of $325 million–$345 million and EPS of $0.82–$0.86, both above analyst expectations. It also projected at least 60% revenue growth in 2027, bolstering expectations that AI-driven demand can sustain growth. Lattice projects 2027 growth and Q4 outlook
• Positive Sentiment: Analysts raised forecasts following the results, including Rosenblatt’s price-target increase to $200 from $175 and a reiterated Buy rating. Analysts boost forecasts after Q3 results
• Neutral Sentiment: Analyst opinions are not unanimous: some see strong AI-related growth, while others question how durable the surge will be and whether the stock’s valuation already reflects much of the good news. Analysts have divergent takes

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation (NASDAQ: LSCC) designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.

The company’s products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.