Lattice reported third-quarter revenue of 291,035 versus 133,349, including 39,101 from AMI, and operating income of 23,968 versus a loss of 1,534.
LSCC · Lattice Semiconductor Corp
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Lattice Semiconductor reported record Q3 revenue of $291 million and non-GAAP EPS of $0.72. It guided Q4 revenue to $325-$345 million and non-GAAP EPS to $0.82-$0.86, and expects at least 60% year-over-year revenue growth in 2027.
Lattice Semiconductor reported record third-quarter revenue of $291 million, up 118% YOY, and non-GAAP EPS of $0.72. It expects fourth-quarter 2026 revenue of $325 million to $345 million.
Lattice Semiconductor Corporation appointed Raejeanne Skillern to the Audit Committee and John McCool to the Compensation Committee, both effective October 29, 2026, with each receiving the Company’s customary additional annual cash retainer of $10,000 per year.
Lattice Semiconductor Corporation expanded its board from 8 to 10, appointing John McCool and Raejeanne Skillern effective October 21, 2026. Each is independent and receives an $80,000 annual cash retainer plus an RSU award with $220,000 fair market value on the grant date, prorated for service.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 2, 2026TL;DR. Lattice delivered record third-quarter revenue, sharply higher non-GAAP EPS and margins, and guided to approximately 130% year-over-year fourth-quarter revenue growth, $0.82-$0.86 of non-GAAP EPS, strong gross margin, and 70% year-over-year industrial and embedded growth. Full-year 2026 revenue and EPS are expected to reach approximately $1 billion and $2.50, new-product revenue grew more than 70% year over year, and management expects at least 60% growth in 2027 with backlog extending into 2028. Risks include conservative second-half 2027 planning, supplier cost pressure, AMI integration, concentrated demand, acquisition-related debt, and weaker sequential GAAP profitability.
- + Lattice paid down $50 million of debt and expects net leverage below two times EBITDA by the end of 2026. new
- − Supplier cost increases and expedite fees are creating cost pressure that Lattice is passing on to customers. new
- − Management is planning conservatively for a moderation in 2027 growth rates during the second half because it wants to remain prudent and avoid becoming overextended. new
- − AMI integration may take longer or cost more than anticipated, and the expected acquisition benefits may not be realized. new
- − Demand is concentrated among a limited number of customers, distributors, and end markets, including AI and data-center infrastructure, and may not materialize or be sustained. new
- − AMI acquisition-related indebtedness creates risks related to servicing and reducing debt and to changes in interest rates. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Mentioned in fund letters
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| A/R Days Revenue Outstanding (DSO) | 54 | three months ended July 4, 2026 | — |
| Adjusted EBITDA non-GAAP | 86.37M | Three Months Ended July 4, 2026 | — |
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| Adjusted EBITDA margin non-GAAP | 43% | Three Months Ended July 4, 2026 | — |
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| Compute and Communications | 125.94M | the three months ended July 4, 2026 filing | — |
| Compute and Communications revenue | $126M | three months ended July 4, 2026 | — |
| Compute and Communications share of revenue | 63% | three months ended July 4, 2026 | — |
| Free cash flow non-GAAP | 81.28M | Three Months Ended July 4, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP Net cash provided by operating activities 88.3M
-7.02M Capital expenditures
= Free cash flow 81.28M
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| Free cash flow margin non-GAAP | 40.4% | Three Months Ended July 4, 2026 | — |
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| Industrial and Embedded | 75.14M | the three months ended July 4, 2026 filing | — |
| Industrial and Embedded revenue | $75.1M | three months ended July 4, 2026 | — |
| Industrial and Embedded share of revenue | 37% | three months ended July 4, 2026 | — |
| Inventory Days (DIO) | 153 | three months ended July 4, 2026 | — |
| Non-GAAP gross margin non-GAAP | 71.7% | second quarter of 2026 | — |
| Non-GAAP Net income non-GAAP | 74.41M | Three Months Ended July 4, 2026 | — |
| Non-GAAP Net income per share - diluted non-GAAP | $0.53 | Three Months Ended July 4, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Net income (loss) per share - diluted $0.14
+$0.39 Cumulative effect of Non-GAAP adjustments
= Non-GAAP Net income per share - diluted $0.53
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| Non-GAAP Operating expenses non-GAAP | $67.11M | three months ended July 4, 2026 | — |
| Non-GAAP SG&A Expense % non-GAAP | 12.1% | three months ended July 4, 2026 | — |
| Operating cash flow margin | 43.9% | second quarter of 2026 | — |
| Revenue attributable to distributors as a percentage of total revenue | 95% | the second quarter of fiscal 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LSCC
this stock
Lattice Semiconductor Corp
|
$15.98B | +52.7% | -9.6% | 351.1 | 4.9% |
|
NVDA
Nvidia Corp
|
$3.92T | -12.7% | +65.5% | 20.6 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.07T | +31.2% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.66T | +0.3% | +18.2% | 44.3 | 1.1% |
|
SKHY
SK hynix Inc.
|
$929.35B | — | — | — | 0.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LSCC | +7.0% | +8.4% | -25.3% | +20.9% | +52.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +4.4% | +9.6% | -25.8% | +21.0% | +42.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.