Lattice Semiconductor Corp
NASDAQ:LSCC

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Lattice Semiconductor Corp Logo
Lattice Semiconductor Corp
NASDAQ:LSCC
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Price: 78.85 USD 3.98% Market Closed
Market Cap: 10.8B USD

Lattice Semiconductor Corp
Investor Relations

Lattice Semiconductor Corp. is a significant player in the world of programmable logic devices. Nestled within the intricate realm of semiconductor technology, it crafts and tailors solutions pivotal for the functioning of a myriad of electronic devices. Headquartered in Hillsboro, Oregon, Lattice has carved a niche in the field of low-power programmable logic devices, primarily focusing on the development and distribution of field-programmable gate arrays (FPGAs). These are vital components that allow for the customization of electronic circuits after manufacturing, serving industries ranging from communications and computing to industrial and automotive sectors.

The company's business model hinges on its ability to provide adaptable, power-efficient chip solutions, specifically designed to address the growing demand for connectivity and data processing capabilities across a variety of applications. Lattice generates revenue by selling these programmable semiconductors along with its software tools and advanced intellectual property, which enable customers to configure and design bespoke solutions that meet their specific needs. By constantly innovating and enhancing the power efficiency and performance of its products, Lattice remains competitive in a market driven by rapid technological advancements and evolving consumer demands. Through a combination of strategic partnerships and focusing on markets poised for growth, such as 5G infrastructure and IoT devices, Lattice continues to expand its footprint and solidify its position as a leader in the low-power FPGA industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 3, 2025
AI Summary
Q3 2025

Strong Q3 Results: Lattice reported Q3 revenue of $133.3 million, up 7.6% sequentially and 4.9% year-over-year, the highest in five quarters and in line with expectations.

Q4 Guidance Raised: Q4 revenue is expected at $143 million at the midpoint, representing 22% year-over-year growth and signaling confidence in continued recovery.

Comms & Compute Momentum: Communications and computing revenue hit a record, up 8% sequentially and 21% year-over-year, driven by server and data center demand.

Inventory Normalization on Track: Industrial and automotive channel inventory is expected to normalize by year-end, positioning those segments for resumed growth in 2026.

Profitability Up: Gross margin expanded to 69.5%, operating margin to 29%, and EBITDA margin to 35.6%. EPS grew 17% quarter-over-quarter and year-over-year to $0.28.

AI & PQC Adoption Growing: Lattice's AI-related product usage is expected to rise from the high teens in 2025 to the mid-20% range in 2026; post-quantum cryptography traction is accelerating.

Confident 2026 Outlook: Management expressed increased confidence for robust 2026 growth, with comms and compute driving acceleration and industrial/auto expected to return to natural demand.

Key Financials
Revenue
$133.3 million
Gross Margin
69.5%
Operating Expenses
$53.9 million
Operating Margin
29%
EBITDA Margin
35.6%
EPS
$0.28
Net Cash Flow from Operating Activities
$47.1 million
Operating Cash Flow Margin
35.4%
Free Cash Flow
$34 million
Free Cash Flow Margin
25.5%
Share Repurchase
$15 million in Q3, $86 million year-to-date
Earnings Call Recording
Other Earnings Calls

Management

Mr. Esam Elashmawi
Senior VP and Chief Strategy & Marketing Officer
No Bio Available
Mr. Mark Jon Nelson
Senior Vice President of Worldwide Sales
No Bio Available
Mr. Pravinchandra Desale
Senior Vice President of Research & Development
No Bio Available
Dr. Fouad G. Tamer Ph.D.
CEO & Director
No Bio Available
Ms. Tonya Stevens
Interim CFO, VP, & Corporate Controller
No Bio Available
Mr. Divyesh Shah
Senior Vice President of Global Operations & Quality
No Bio Available
Mr. Rick Muscha
Senior Director of Investor Relations
No Bio Available
Ms. Tracy Ann Feanny J.D.
Senior VP, General Counsel & Secretary
No Bio Available
Ms. Terese Kemble
Chief People Officer & SVP of Human Resources
No Bio Available
Mr. Jerry Xu
President of Asia Pacific Region
No Bio Available

Contacts

Address
OREGON
Hillsboro
5555 Ne Moore Ct
Contacts
+15032688000.0
www.latticesemi.com