Lattice Semiconductor (NASDAQ:LSCC) Releases Earnings Results, Beats Expectations By $0.09 EPS

Posted by George Bondi on Aug 5th, 2026

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09, FiscalAI reports. Lattice Semiconductor had a net margin of 3.46% and a return on equity of 8.48%. The company had revenue of $201.08 million for the quarter, compared to analysts’ expectations of $185.50 million. During the same quarter in the previous year, the firm posted $0.24 EPS. Lattice Semiconductor’s revenue was up 62.2% on a year-over-year basis. Lattice Semiconductor updated its Q3 2026 guidance to 0.540-0.580 EPS.

Here are the key takeaways from Lattice Semiconductor’s conference call:

Record Q2 performance: Revenue reached $201 million, up 62% year over year, while non-GAAP EPS rose more than 120% to $0.53. Gross margin expanded to 71.7%, supported by favorable product and customer mix.
Demand remains strong across AI data centers, traditional server infrastructure, industrial automation, robotics, aerospace and defense, and other emerging applications. Bookings have accelerated, backlog extends into 2027, and management expects new products to exceed 25% of 2026 revenue.
The AMI acquisition has closed and is expected to roughly double Lattice’s addressable market by combining FPGA solutions with firmware and infrastructure manageability. AMI is expected to generate more than $200 million in annualized revenue exiting 2026, with gross margins above 75%, EBITDA margins above 40%, and meaningful EPS accretion beginning in Q4.
Q3 revenue guidance is $245 million to $265 million, including approximately two months of AMI revenue, with midpoint EPS of $0.56. Management also raised its longer-term ambition to reach $3 billion in revenue by 2030 and expects to reduce leverage below 2x EBITDA by the end of 2027.
Assembly capacity remains constrained across the semiconductor industry, while supply-chain costs and expedite fees are increasing. Lattice expects to absorb some costs and pass some to customers, and forecasts lower Q3 corporate gross margin of approximately 69.5% due partly to AMI’s non-core, low-margin hardware pass-through business.

Lattice Semiconductor Price Performance

LSCC stock traded down $4.65 during mid-day trading on Wednesday, reaching $133.35. 621,029 shares of the company traded hands, compared to its average volume of 2,035,100. The company has a fifty day moving average price of $138.51 and a 200-day moving average price of $114.97. Lattice Semiconductor has a 52-week low of $55.62 and a 52-week high of $157.01. The company has a market capitalization of $18.27 billion, a P/E ratio of 952.57, a P/E/G ratio of 3.14 and a beta of 1.81.

Insider Transactions at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 2,740 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $151.84, for a total transaction of $416,041.60. Following the sale, the senior vice president owned 63,084 shares of the company’s stock, valued at approximately $9,578,674.56. This represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $142.89, for a total transaction of $291,352.71. Following the completion of the sale, the senior vice president owned 73,519 shares in the company, valued at $10,505,129.91. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days, insiders have sold 10,880 shares of company stock valued at $1,646,582. 0.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. iSAM Funds UK Ltd purchased a new stake in shares of Lattice Semiconductor in the third quarter worth $25,000. Smartleaf Asset Management LLC grew its position in Lattice Semiconductor by 462.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock worth $29,000 after buying an additional 324 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Lattice Semiconductor during the third quarter worth about $31,000. Advisory Services Network LLC bought a new position in Lattice Semiconductor in the 3rd quarter worth about $34,000. Finally, State of Wyoming bought a new position in Lattice Semiconductor in the 2nd quarter worth about $51,000. Institutional investors own 98.08% of the company’s stock.

Key Lattice Semiconductor News

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

Positive Sentiment: Strong Q2 results: Lattice reported non-GAAP EPS of $0.53, above the $0.44 consensus estimate, while revenue reached a record $201.1 million—up 62.2% year over year and 17.7% sequentially. Gross margin was 70.3% and operating cash flow totaled $88.3 million. Lattice Semiconductor Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: Raised outlook: Management guided for third-quarter EPS of $0.54-$0.58 and revenue of $210 million-$230 million, both well above analyst expectations. Including approximately two months of AMI revenue, total third-quarter revenue is expected to be $245 million-$265 million. Lattice Semiconductor Reports Record Q2 Revenue
Positive Sentiment: Analyst support increased: Needham raised its price target from $140 to $160 and initiated or reaffirmed a Buy rating, while Rosenblatt maintained Buy with a $175 target. The revisions indicate analysts see additional upside after the earnings beat and AMI acquisition. Lattice Semiconductor Analysts Raise Their Forecasts
Neutral Sentiment: AMI integration is now part of the story: Lattice closed its $1.65 billion AMI acquisition, with the near-term forecast incorporating only about two months of contribution. Investors will focus on execution, synergies and the acquisition’s effect on margins and cash flow.
Negative Sentiment: Valuation and insider selling remain risks: With a very high reported P/E ratio, expectations are substantial. Separately, company insiders recorded numerous sales and no reported purchases during the past six months, which could encourage profit-taking even after the strong report.

Analyst Ratings Changes

LSCC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. KeyCorp reiterated an “overweight” rating and set a $180.00 price target on shares of Lattice Semiconductor in a research note on Wednesday. Jefferies Financial Group increased their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Lattice Semiconductor in a report on Wednesday. Finally, Zacks Research cut Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

Get Our Latest Analysis on Lattice Semiconductor

Lattice Semiconductor Company Profile

(Get Free Report)

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.