Lattice Semiconductor (NASDAQ:LSCC) Shares Gap Up After Better-Than-Expected Earnings

Lattice Semiconductor Corporation (NASDAQ:LSCC)’s stock price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $95.44, but opened at $107.00. Lattice Semiconductor shares last traded at $107.1980, with a volume of 2,057,143 shares trading hands.

The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. Lattice Semiconductor had a net margin of 5.58% and a return on equity of 10.92%. The firm had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 118.3% on a year-over-year basis.

Key Lattice Semiconductor News

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

• Positive Sentiment: Q3 results exceeded expectations: Lattice reported adjusted EPS of $0.72 versus the $0.55-$0.56 analyst consensus, while revenue reached $291.0 million compared with estimates near $255.9 million. Revenue increased 118.3% year over year, and Compute and Communications revenue grew 132%. Lattice Semiconductor Q3 earnings report
• Positive Sentiment: Q4 guidance was well above forecasts: Management projected EPS of $0.82-$0.86 and revenue of $325 million-$345 million, versus consensus estimates of $0.60 and $293.6 million, respectively. The outlook suggests continued momentum into the next quarter. Lattice Semiconductor reports record third-quarter revenue
• Positive Sentiment: AI demand is supporting growth expectations: Lattice cited increased demand for FPGAs used in AI-related infrastructure. The company reportedly expects at least 60% revenue growth in 2027, adding to investor confidence that the acceleration may extend beyond the current quarter. Lattice projects 2027 revenue growth
• Positive Sentiment: Analyst sentiment improved: Rosenblatt Securities raised its price target from $175 to $200 and assigned a Buy rating following the earnings release. Other analysts also increased their forecasts after the results. Analysts raise Lattice Semiconductor forecasts
• Neutral Sentiment: The quarter includes contributions from Lattice’s July 2026 acquisition of AMI, making year-over-year comparisons less clean and leaving investors focused on whether organic growth can remain strong.
• Negative Sentiment: Despite the improving business outlook, valuation remains demanding, with the stock trading at a very high earnings multiple. Some commentary suggests investors may question whether the rapid AI-driven growth is sustainable, which could limit further gains or increase volatility. Lattice Semiconductor valuation commentary

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LSCC shares. TD Cowen reduced their price target on Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Needham & Company LLC upped their price objective on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. William Blair initiated coverage on Lattice Semiconductor in a research note on Tuesday, October 6th. They issued an “outperform” rating on the stock. Stifel Nicolaus raised their target price on Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada boosted their target price on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $153.62.

Insider Buying and Selling at Lattice Semiconductor

In other news, SVP Tracy Feanny sold 1,880 shares of Lattice Semiconductor stock in a transaction on 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 directly owned 60,221 shares of the company’s stock, valued at $7,613,741.03. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $111.83, for a total transaction of $228,021.37. Following the completion of the transaction, the senior vice president directly owned 73,456 shares of the company’s stock, valued at $8,214,584.48. This trade represents a 2.70% decrease in their position. 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. Over the last 90 days, insiders sold 19,661 shares of company stock valued at $2,587,259. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Several hedge funds have recently added to or reduced their stakes in LSCC. Heritage Family Offices LLP acquired a new position in Lattice Semiconductor in the third quarter valued at about $76,000. Commonwealth Equity Services LLC raised its position in shares of Lattice Semiconductor by 24.1% during the third quarter. Commonwealth Equity Services LLC now owns 4,910 shares of the semiconductor company’s stock worth $617,000 after purchasing an additional 954 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Lattice Semiconductor during the third quarter worth about $2,733,000. Oregon Public Employees Retirement Fund raised its position in shares of Lattice Semiconductor by 4.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 29,431 shares of the semiconductor company’s stock worth $3,697,000 after purchasing an additional 1,145 shares during the period. Finally, Signature Equity Partners LLC lifted its holdings in shares of Lattice Semiconductor by 160.5% during the 3rd quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

The company has a current ratio of 3.02, a quick ratio of 2.33 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $114.86 and a two-hundred day moving average price of $115.42. The firm has a market cap of $14.69 billion, a P/E ratio of 411.58, a PEG ratio of 1.58 and a beta of 1.83.

About Lattice Semiconductor

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.