Lattice Semiconductor Corporation (LSCC) financials
NASDAQ · Technology · Semiconductors · 1,174 employees · CEO Fouad G. Tamer
- Price
- $105.92 +10.98%
- Market cap
- $15B
- Enterprise value
- $15.8B
- Last report
- Q3 '26 filed 2026-11-03
- Next report
- 2027-02-09 EPS est. $0.64
Revenue (TTM)$809M+63.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)9.3%+9.7 pp vs a year agoOperating income $75.2M
Net income (TTM)$44.7M+64.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$255M+98.7% vs a year agoCapex $36.4M
Diluted EPS (TTM)$0.31+58.9% vs a year agoSum of the last 4 quarters
Net cash-$790M-1,052.0% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $15B EV $15.8B
- Revenue
- $809M Trailing 12 months
- Revenue growth
- +91% FY2027 consensus
- Profit margin
- 5.5% Net income / revenue, TTM
- P/E
- 326.8× Forward 42.1× (FY2027)
- P/S
- 18.6× Price / sales, TTM
- EV / EBITDA
- 124.8× TTM
- Free cash flow
- $255M Trailing 12 months
- Net income
- $44.7M Trailing 12 months
- Revenue estimate
- $998M FY2027 consensus
- Earnings
- 2027-02-09 Revenue est. $335M
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-11-02): revenue beat by 13.7%, EPS beat by 30.0%Revenue $291M vs $256M expected (+13.7%); EPS $0.72 vs $0.55 (+30.0%).
- Revenue growth accelerating: 118.3% year on yearQ3 '26 revenue $291M, against an average of 33.4% over the four quarters before.
- Operating margin 9.3% (TTM), +9.7 pp on a year agoOperating income grew 3,744.5% while revenue grew 63.4%.
- 26.2% of pre-tax profit is eaten by non-operating lossesPre-tax income $59.6M vs operating income $75.2M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 4.5% of revenue (a year ago 7.0%)$36.4M invested in the last 4 quarters (+4.9% on a year earlier). Free cash flow $255M = 569.6% of net income.
- Returned $29.1M to shareholders = 11.4% of free cash flowBuybacks $29.1M (a year earlier $106M), dividends $0, stock-based pay $158M (TTM).
- Diluted share count up 4.1% in a year144M diluted shares in Q3 '26, 138M a year earlier.
- Net debt $790MCash + short-term investments $128M, debt incl. leases $918M; a year ago net cash $83M.
Last quarter: Q3 '26
Quarter ended 2026-10-03. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $291M | $133M | +118.3% |
| Gross margin | 67.4% | 67.9% | -0.5 pp |
| Operating income | $24M | -$1.53M | +1,662.5% |
| Operating margin | 8.2% | -1.2% | +9.4 pp |
| Net income | $11.2M | $2.79M | +301.1% |
| Diluted EPS | $0.08 | $0.02 | +296.0% |
| Operating cash flow | $95M | $47.1M | +101.8% |
| Capex | $17.4M | $13.1M | +33.2% |
| Free cash flow | $77.6M | $34M | +128.1% |
| R&D | $80.3M | $49.6M | +61.8% |
| Stock-based compensation | $50.3M | $35.8M | +40.6% |
Reported vs consensus
2026-11-02| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $291M | $256M | +13.7% |
| EPS (as estimated) | $0.72 | $0.55 | +30.0% |
From the report of 2026-11-02 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q4 '22 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| License and Service | $4.54M | -46.5% | 100.0% | $17.1M | -16.3% |
Revenue by region
share of total| Segment | Q4 '22 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Asia | $221M | +154.8% | 43.2% | $619M | +90.3% | |
| CHINA | $163M | +151.6% | 31.8% | $551M | – | |
| Americas | $46.4M | +86.8% | 9.1% | $109M | +1.0% | |
| Europe | $23.7M | +8.7% | 4.6% | $80.3M | +30.9% | |
| MALAYSIA | $24.8M | – | 4.8% | – | – | |
| Other Asia | $6.88M | -52.9% | 1.3% | $36.5M | – | |
| TAIWAN | $17.8M | – | 3.5% | – | – | |
| JAPAN | $8.46M | +15.9% | 1.7% | $32.2M | – |
Segment profits
Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).
Segments in Q3 '26
| Segment | Revenue | y/y | Operating income | y/y | Margin | Margin a year ago | TTM operating income |
|---|---|---|---|---|---|---|---|
| Fpga | $252M | – | $101M | – | 40.2% | – | – |
| Ami | $39.1M | – | $12.2M | – | 31.1% | – | – |
| Unallocated | – | – | -$89.6M | – | – | – | – |
Operating income by segment
quarterlySegment operating margin
quarterlyMargins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $291M
- Capex
- -$36.4M
- Buybacks
- -$29.1M
- Dividends
- $0
- Acquisitions
- -$971M
- Net debt issued
- $874M
- Stock-based compensation
- $158M
- Free cash flow
- $255M
- Returned to shareholders / FCF
- 11.4%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 326.8× | 765.2× | 36.7× – 3,495.6× |
| EV / EBITDA | 124.8× | 84.3× | 36.8× – 191.7× |
| EV / Sales | 19.6× | 16.6× | 12.7× – 20.5× |
| Price / FCF | 59.0× | 59.0× | 38.1× – 81.3× |
| Price / Book | 10.7× | 16.8× | 11.4× – 25.6× |
| FCF yield | 1.7% | 1.9% | 1.2% – 2.6% |
| Return on invested capital | 2.4% | 15.2% | 0.5% – 28.3% |
| Return on equity | 4.9% | 21.3% | 0.4% – 37.4% |
Analysts
Consensus target $178.13 (+68.2%)
range $160.00 – $200.00 · rating Buy
Strong buy0
Buy15
Hold1
Sell1
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $998M | +90.8% | $2.51 | +11,169.0% | 42.1× | 10 |
| FY2028 | $1.61B | +61.5% | $4.39 | +74.6% | 24.1× | 10 |
| FY2029 | $2.03B | +25.8% | $5.89 | +34.3% | 18.0× | 9 |
| FY2030 | $2.65B | +30.5% | $7.58 | +28.7% | 14.0× | 7 |
| FY2031 | $3.23B | +22.1% | $9.42 | +24.3% | 11.2× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 230 figures Lattice Semiconductor Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $115M | $47.7M | +141.7% | $56.5M | $36.8M | +53.5% |
| Accounts Receivable, after Allowance for Credit Loss | $163M | – | – | $102M | $81.1M | +26.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $163M | $95.5M | +70.3% | $102M | $81.1M | +26.2% |
| Accounts Receivable, Allowance for Credit Loss, Current | $408K | $0 | – | $0 | $0 | – |
| Accounts Receivable, before Allowance for Credit Loss, Current | $163M | $95.5M | +70.7% | $102M | $81.1M | +26.2% |
| Accrued Liabilities, Current | $86.7M | $32.1M | +170.3% | $30.6M | $45.6M | -33.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $127M | $132M | -4.3% | $124M | $126M | -1.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$4.24M | -$3.47M | -22.1% | -$3.14M | -$3.84M | +18.2% |
| Additional Paid in Capital | $1.16B | $489M | +136.5% | $504M | $504M | -0.1% |
| Amortization of Debt Issuance Costs | $411K | $67K | +513.4% | $264K | $266K | -0.8% |
| Amortization of Intangible Assets | $13.9M | $597K | +2,220.8% | $2.25M | $4.7M | -52.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 400K | 700K | -42.9% | 700K | 1M | -30.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $50.3M | $35.8M | +40.6% | $116M | $53M | +118.2% |
| Asset Impairment Charges | – | – | – | $3.5M | $13.9M | -74.9% |
| Assets | $2.61B | $844M | +209.1% | $883M | $844M | +4.6% |
| Assets, Current | $498M | $342M | +45.4% | $364M | $365M | -0.3% |
| Business Acquisition, Pro Forma Net Income (Loss) | $24.8M | -$23.4M | +205.8% | – | – | – |
| Business Acquisition, Pro Forma Revenue | $310M | $191M | +62.4% | – | – | – |
| Business Combination, Acquisition Related Costs | $25.9M | $0 | – | $02024-12-28 | $0 | – |
| Capital Expenditures Incurred but Not yet Paid | $2.58M | $1.37M | +89.2% | $6.77M | $2.13M | +217.4% |
| Cash and Cash Equivalents, at Carrying Value | $128M | $118M | +8.8% | $134M | $136M | -1.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $128M | $118M | +8.8% | $134M | $136M | -1.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$45M | $10.8M | -518.7% | -$2.41M | $7.97M | -130.2% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 300M | 300M | 0.0% | 300M | 300M | 0.0% |
| Common Stock, Shares, Issued | 142M | 137M | +3.9% | 137M | 138M | -0.7% |
| Common Stock, Shares, Outstanding | 142M | 137M | +3.9% | 137M | 138M | -0.7% |
| Common Stock, Value, Issued | $1.42M | $1.37M | +3.9% | $1.37M | $1.38M | -0.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $11.3M | $2.28M | +398.0% | $3.78M | $60.2M | -93.7% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $21.2M | $7.38M | +186.9% | $7.67M | $17.9M | -57.1% |
| Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination | – | – | – | $11.6M2018-12-29 | – | – |
| Contract with Customer, Asset, Reclassified to Receivable | $9.71M | $4.33M | +124.4% | $36.1M | $7.72M | +366.9% |
| Contract with Customer, Liability | $37.1M | $6.01M | +517.1% | $4.01M | $11.2M | -64.2% |
| Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized | $02025-09-27 | – | – | $6.95M | – | – |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress | -$1.41M2025-09-27 | – | – | $6.95M2024-12-28 | – | – |
| Contract with Customer, Liability, Current | $35M | $6.01M | +483.0% | $4.01M | $11.2M | -64.2% |
| Contract with Customer, Liability, Noncurrent | $2.05M | – | – | – | – | – |
| Cost of Goods and Services Sold | $94.9M | $42.8M | +121.7% | $166M | $169M | -1.6% |
| Cost of Revenue | $94.9M | $42.8M | +121.7% | – | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.32M | -$15.9M | +114.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2.8M | $2.57M | +8.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $5.11M | -$12.8M | +139.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$10K | $460K | -102.2% |
| Debt Instrument, Interest Rate, Stated Percentage | 5.8% | – | – | – | – | – |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $5.92M | – | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $4.91M | -$7.53M | +165.2% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $275K | -$4.54M | +106.1% |
| Deferred Income Tax Assets, Net | $4.76M | $69M | -93.1% | $62.7M | $67M | -6.4% |
| Deferred Income Tax Expense (Benefit) | -$2.94M2026-07-04 | $314K | -1,036.3% | $5.19M | -$12.1M | +143.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Gross | $156M2026-01-03 | $152M | +2.6% | $156M | $152M | +2.6% |
| Deferred Tax Assets, Net | $59.4M2026-01-03 | $64.6M | -8.1% | $59.4M | $64.6M | -8.1% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.2M | – | – | $70M | $69.7M | +0.5% |
| Deferred Tax Assets, Operating Loss Carryforwards | $12.3M2026-01-03 | $13.3M | -7.8% | $12.3M | $13.3M | -7.8% |
| Deferred Tax Assets, Other | $3.47M2026-01-03 | $5.48M | -36.8% | $3.47M | $5.48M | -36.8% |
| Deferred Tax Assets, Tax Credit Carryforwards | $104M2026-01-03 | $101M | +3.4% | $104M | $101M | +3.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits | $3.11M2026-01-03 | $2.24M | +38.8% | $3.11M | $2.24M | +38.8% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $25.1M2026-01-03 | $26.6M | -5.6% | $25.1M | $26.6M | -5.6% |
| Deferred Tax Assets, Valuation Allowance | $86.3M2026-01-03 | $82.7M | +4.3% | $86.3M | $82.7M | +4.3% |
| Deferred Tax Liabilities, Leasing Arrangements | $10.6M2026-01-03 | $5.03M | +111.3% | $10.6M | $5.03M | +111.3% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-10-03, 10-Q 2026-07-04, 10-Q 2026-04-04, 10-K 2026-01-03, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-28, 10-Q 2024-09-28
Data as of 2026-11-04