Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05, FiscalAI reports. Lattice Semiconductor had a net margin of 3.46% and a return on equity of 8.60%. The business had revenue of $170.90 million for the quarter, compared to analysts’ expectations of $164.93 million. During the same period last year, the business earned $0.22 earnings per share. The business’s quarterly revenue was up 42.2% on a year-over-year basis. Lattice Semiconductor updated its Q2 2026 guidance to 0.420-0.460 EPS.
Here are the key takeaways from Lattice Semiconductor’s conference call:
- Lattice reported strong Q1 results with revenue of $170.9 million (up 42% YoY), record Compute & Communications strength, and Q2 guidance at a midpoint of $185 million (~50% YoY) with EPS midpoint of $0.44 (~80% YoY), signaling accelerating growth.
- The company signed a definitive agreement to acquire AMI for about $1.65 billion ($1.0B cash + $650M equity), positioning Lattice to offer an integrated secure management/control platform and expecting the deal to be immediately accretive to gross margin, free cash flow, and non‑GAAP EPS; close targeted in Q3 and supporting a >$1B annual run rate by year‑end 2026.
- Profitability expanded as Q1 non‑GAAP gross margin was ~70%, non‑GAAP EPS rose ~86% YoY to $0.41, operating margins and EBITDA improved, the company repurchased $15M of stock, and ended the quarter with $140M cash and no debt despite bonus‑related cash outflows.
- Demand momentum and bookings are strong with backlog into 2027 and channel inventory reduced from ~3 months to ~2 months, improving visibility, but management warned backend supply pressure and cost increases may persist into the second half of the year.
Lattice Semiconductor Stock Performance
LSCC opened at $122.27 on Wednesday. Lattice Semiconductor has a 52-week low of $43.90 and a 52-week high of $127.95. The stock has a market capitalization of $16.74 billion, a PE ratio of 873.42, a price-to-earnings-growth ratio of 4.61 and a beta of 1.76. The stock’s 50 day moving average price is $101.05 and its 200-day moving average price is $85.69.
Insider Buying and Selling
Hedge Funds Weigh In On Lattice Semiconductor
A number of institutional investors have recently bought and sold shares of LSCC. Royal Bank of Canada grew its holdings in shares of Lattice Semiconductor by 213.3% during the 1st quarter. Royal Bank of Canada now owns 176,938 shares of the semiconductor company’s stock worth $9,280,000 after acquiring an additional 120,464 shares during the period. AQR Capital Management LLC lifted its stake in shares of Lattice Semiconductor by 59.5% in the 1st quarter. AQR Capital Management LLC now owns 8,799 shares of the semiconductor company’s stock valued at $460,000 after purchasing an additional 3,283 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Lattice Semiconductor by 37.8% during the first quarter. Goldman Sachs Group Inc. now owns 963,493 shares of the semiconductor company’s stock valued at $50,535,000 after purchasing an additional 264,329 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Lattice Semiconductor by 28.8% during the second quarter. Cetera Investment Advisers now owns 6,432 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Lattice Semiconductor by 9.5% in the second quarter. Guggenheim Capital LLC now owns 19,746 shares of the semiconductor company’s stock worth $967,000 after purchasing an additional 1,717 shares during the period. 98.08% of the stock is owned by institutional investors.
Key Headlines Impacting Lattice Semiconductor
Here are the key news stories impacting Lattice Semiconductor this week:
- Positive Sentiment: Q1 results beat expectations — revenue rose ~42% year‑over‑year and EPS of $0.41 topped consensus; management raised Q2 guidance (EPS $0.420–0.460; revenue $175M–$195M), supporting near‑term growth/AI demand thesis. Lattice’s Q1 Earnings Beat Estimates on Solid Revenue Growth
- Positive Sentiment: Strategic M&A: Lattice agreed to acquire AMI for $1.65B to expand AI/cloud/platform management and security offerings — deal seen as accelerating data‑center and software adjacencies. Lattice Semiconductor to buy software firm AMI in $1.65 billion deal
- Positive Sentiment: Street momentum: Multiple analysts upped price targets and ratings after results and the AMI announcement (examples: Rosenblatt, Needham, Baird, TD Cowen), boosting upside expectations. Lattice Semiconductor Price Target Raised to $145 on Strengthening AI Datacenter Momentum and AMI Acquisition Upside
- Neutral Sentiment: Corporate governance: Stockholders backed directors and governance measures at the 2026 annual meeting, reducing proxied‑vote uncertainty. Lattice Semiconductor Stockholders Back Directors and Governance Measures
- Neutral Sentiment: Analyst consensus remains favorable overall (average “Moderate Buy”), reflecting mixed optimism on growth vs. execution risks. Lattice Semiconductor Corporation (NASDAQ:LSCC) Given Average Rating of “Moderate Buy” by Analysts
- Negative Sentiment: Valuation and deal/integration risk: Despite strong top‑line momentum, valuation metrics (very elevated trailing P/E) and the $1.65B cash outlay could prompt profit‑taking or concern about integration and capital allocation; that may explain downward pressure even after positive headlines.
Wall Street Analysts Forecast Growth
LSCC has been the subject of a number of analyst reports. Robert W. Baird increased their price objective on Lattice Semiconductor from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen upped their price target on shares of Lattice Semiconductor from $125.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $150.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. Zacks Research lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $129.07.
View Our Latest Analysis on LSCC
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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