Lattice Semiconductor (NASDAQ:LSCC) Releases Quarterly Earnings Results

Lattice Semiconductor (NASDAQ:LSCC) released its quarterly earnings results on Monday. The semiconductor company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.55 by $0.17, FiscalAI reports. Lattice Semiconductor had a net margin of 5.58% and a return on equity of 10.92%. The business had revenue of $291.04 million during the quarter, compared to analyst estimates of $255.90 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 118.3% on a year-over-year basis.

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 Trading Up 2.7%

Lattice Semiconductor stock opened at $95.44 on Tuesday. The stock has a 50-day moving average of $114.86 and a two-hundred day moving average of $115.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. Lattice Semiconductor has a one year low of $60.50 and a one year high of $157.01. The stock has a market cap of $13.08 billion, a PE ratio of 367.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.83.

Trending Headlines about Lattice Semiconductor

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

• Positive Sentiment: Blowout Q3 results: Lattice reported adjusted earnings of $0.72 per share versus the roughly $0.55–$0.56 consensus estimate. Revenue reached $291.04 million, well above the $255.90 million forecast and up 118.3% year over year. Lattice Semiconductor Blows Past Q3 2026 Estimates on AI Demand
• Positive Sentiment: Strong forward guidance: Management projects fourth-quarter revenue of approximately $335 million, ahead of expectations, and expects at least 60% revenue growth in 2027. The outlook reflects continued demand for Lattice’s low-power programmable chips and increasing AI-related deployments. Lattice projects at least 60% 2027 revenue growth
• Positive Sentiment: New multi-year growth narrative: The company provided its first multi-year outlook, giving investors greater visibility into its expected expansion following the acquisition of AMI and growth in AI, communications, industrial and automotive markets. Lattice Delivers A Blowout Quarter And A First Multi-Year Outlook
• Neutral Sentiment: Reported growth comparisons benefit from the AMI acquisition, which closed July 27, 2026; AMI contributed to the latest quarter but not prior-year periods. Investors will therefore watch organic growth and integration progress.
• Negative Sentiment: Valuation and durability concerns: Despite the results, LSCC trades at a very high earnings multiple, while its share price remains well below its 50-day and 200-day moving averages. Analysts and investors may question whether AI demand can sustain the projected growth, leaving the stock vulnerable if future execution or guidance disappoints. Lattice Semiconductor Stock Looks Fully Valued After Fresh AI Demand News

Analysts Set New Price Targets

LSCC has been the topic of a number of analyst reports. Stifel Nicolaus set a $175.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Benchmark initiated coverage on shares of Lattice Semiconductor in a research report on Tuesday, August 25th. They set a “buy” rating and a $160.00 target price for the company. TD Cowen lowered their target price on shares of Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Royal Bank Of Canada raised their target price on shares of Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group lifted their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of “Buy” and an average target price of $153.62.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $111.83, for a total transaction of $228,021.37. Following the sale, the senior vice president owned 73,456 shares in the company, valued at approximately $8,214,584.48. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Tracy Feanny sold 1,880 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total transaction of $237,688.40. Following the transaction, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 19,661 shares of company stock worth $2,587,259. Insiders own 0.62% of the company’s stock.

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.