LSCC

MKT CAP:$17B

Lattice Semiconductor Corporation

Market Cap

$17B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$125.43+$46.78 (+59.48%)

Apr 24, 2026

Company Details

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, includi...

CEO

Fouad G. Tamer

IPO Date

Nov 9, 1989

Website

www.latticesemi.com

Key Metrics TTM

Revenue

$523M

+2.7% YoY

Net Income

$3M

EPS (Diluted)

$0.02

Free Cash Flow

$140M

Revenue / Share

$3.83

Gross Margin

66.5%

Operating Margin

2.4%

Net Margin

0.6%

FCF Margin

26.8%

P/S

32.5x

P/E

5519.1x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 13, 2026

$523M+2.7%EPS $0.02

Q4 2025

Feb 13, 2026

$146M+24.2%EPS -$0.06

Q3 2025

Nov 3, 2025

$133M+4.9%EPS $0.02

Q2 2025

Aug 4, 2025

$124M-0.1%EPS $0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$151M	$101M	$38M
Q2 22	$161M	$110M	$47M
Q3 22	$173M	$119M	$49M
Q4 22	$176M	$122M	$54M
Q1 23	$184M	$129M	$59M
Q2 23	$190M	$133M	$53M
Q3 23	$192M	$135M	$57M
Q4 23	$171M	$119M	$43M
Q1 24	$141M	$96M	$17M
Q2 24	$124M	$85M	$23M
Q3 24	$127M	$88M	$8M
Q4 24	$117M	$72M	-$12M
Q1 25	$120M	$82M	$7M
Q2 25	$124M	$85M	$5M
Q3 25	$133M	$91M	-$2M
Q4 25	$146M	$91M	$2M

Valuation

Quarter	P/S	P/E
Q1 22	30.9x	150.4x
Q2 22	29.1x	125.3x
Q3 22	27.2x	109.5x
Q4 22	25.8x	95.2x
Q1 23	24.5x	85.7x
Q2 23	23.5x	83.1x
Q3 23	22.9x	80.2x
Q4 23	23.1x	65.7x
Q1 24	24.5x	78.1x
Q2 24	27.1x	89.6x
Q3 24	30.3x	118.8x
Q4 24	33.4x	278.4x
Q1 25	34.8x	331.4x
Q2 25	34.8x	538.0x
Q3 25	34.4x	624.8x
Q4 25	32.5x	5519.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$43M	$39M
Q2 22	$50M	$45M
Q3 22	$64M	$60M
Q4 22	$82M	$72M
Q1 23	$45M	$34M
Q2 23	$71M	$64M
Q3 23	$82M	$78M
Q4 23	$72M	$64M
Q1 24	$30M	$22M
Q2 24	$22M	$11M
Q3 24	$44M	$47M
Q4 24	$45M	$40M
Q1 25	$32M	$23M
Q2 25	$39M	$31M
Q3 25	$47M	$30M
Q4 25	$58M	$56M

Capital Expenditures

Quarter	CapEx
Q1 22	$4M
Q2 22	$4M
Q3 22	$4M
Q4 22	$10M
Q1 23	$11M
Q2 23	$7M
Q3 23	$4M
Q4 23	$8M
Q1 24	$8M
Q2 24	$10M
Q3 24	$3M
Q4 24	$6M
Q1 25	$9M
Q2 25	$7M
Q3 25	$18M
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+30.1%	+18.6%
Q2 22	+28.2%	+11.7%
Q3 22	+30.8%	+17.9%
Q4 22	+24.1%	+8.9%
Q1 23	+22.5%	+11.0%
Q2 23	+17.8%	+19.6%
Q3 23	+11.4%	+9.3%
Q4 23	-3.0%	+4.5%
Q1 24	-23.6%	-0.7%
Q2 24	-34.7%	-25.9%
Q3 24	-33.9%	-11.6%
Q4 24	-31.2%	+1.7%
Q1 25	-14.7%	-8.9%
Q2 25	-0.1%	+17.5%
Q3 25	+4.9%	+12.8%
Q4 25	+24.2%	+10.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$14M	9.4%
Q2 22	$13M	8.1%
Q3 22	$14M	8.1%
Q4 22	$14M	8.1%
Q1 23	$14M	7.7%
Q2 23	$21M	11.3%
Q3 23	$17M	8.7%
Q4 23	$18M	10.4%
Q1 24	$18M	13.1%
Q2 24	$3M	2.6%
Q3 24	$17M	13.1%
Q4 24	$15M	12.5%
Q1 25	$20M	17.0%
Q2 25	$24M	19.4%
Q3 25	$36M	26.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$33M	$29M
Q2 22	$34M	$29M
Q3 22	$35M	$32M
Q4 22	$35M	$32M
Q1 23	$36M	$33M
Q2 23	$42M	$37M
Q3 23	$42M	$33M
Q4 23	$40M	$35M
Q1 24	$41M	$36M
Q2 24	$39M	$20M
Q3 24	$41M	$31M
Q4 24	$39M	$29M
Q1 25	$41M	$33M
Q2 25	$44M	$35M
Q3 25	$50M	$41M
Q4 25	$53M	$36M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Americas	Asia	Europe
Q1 22	$22M	$109M	$20M
Q2 22	$22M	$119M	$20M
Q3 22	$23M	$123M	$26M
Q4 22	$33M	$115M	$28M
Q1 23	$42M	$106M	$37M
Q2 23	$33M	$119M	$38M
Q3 23	$33M	$117M	$42M
Q1 24	$32M	$92M	$16M
Q2 24	$24M	$83M	$18M
Q3 24	$19M	$80M	$28M
Q4 24	$26M	$78M	$13M
Q1 25	$30M	$78M	$12M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$123M	$0	$123M
Q2 22	$118M	$0	$118M
Q3 22	$119M	$0	$119M
Q4 22	$146M	$0	$146M
Q1 23	$112M	$0	$112M
Q2 23	$104M	$0	$104M
Q3 23	$114M	$0	$114M
Q4 23	$128M	$0	$128M
Q1 24	$107M	$0	$107M
Q2 24	$109M	$0	$109M
Q3 24	$124M	$0	$124M
Q4 24	$136M	$0	$136M
Q1 25	$128M	$0	$128M
Q2 25	$107M	$0	$107M
Q3 25	$118M	$0	$118M
Q4 25	$134M	$0	$134M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	141M	-0.2%	-0.3%
Q2 22	140M	-0.8%	-0.9%
Q3 22	140M	-0.2%	-1.2%
Q4 22	140M	-0.2%	-1.4%
Q1 23	140M	+0.3%	-0.8%
Q2 23	140M	-0.2%	-0.3%
Q3 23	140M	+0.0%	-0.1%
Q4 23	139M	-0.5%	-0.4%
Q1 24	139M	-0.2%	-0.9%
Q2 24	138M	-0.4%	-1.1%
Q3 24	138M	-0.3%	-1.4%
Q4 24	138M	+0.3%	-0.6%
Q1 25	138M	-0.0%	-0.3%
Q2 25	138M	-0.5%	-0.5%
Q3 25	138M	+0.4%	+0.2%
Q4 25	137M	-1.0%	-1.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$175.8K	856
Q2 22	$188.5K	856
Q3 22	$201.5K	856
Q4 22	$185.4K	949
Q1 23	$194.2K	949
Q2 23	$200.3K	949
Q3 23	$202.5K	949
Q4 23	$147.6K	1K
Q1 24	$121.8K	1K
Q2 24	$107.3K	1K
Q3 24	$109.9K	1K
Q4 24	$105.8K	1K
Q1 25	$108.2K	1K
Q2 25	$111.7K	1K
Q3 25	$120.1K	1K
Q4 25	$124.2K	1K

Revenue / Employee