Lattice Semiconductor Corporation
- Open
- 146.40
- Day high
- 149.40
- Day low
- 143.01
- Prev close
- 152.96
- Volume
- 252K
- Mkt cap
- $19.9B
- P/E (TTM)
- 997.8
- EPS (TTM)
- $0.15
- P/B
- 26.9
- P/S
- 34.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3.8M over the last 3 months (0 open-market buys, 19 sales)
- 🏛Institutions accumulating (13F)
Lattice Semiconductor Corporation (LSCC) is a Technology company listed on NASDAQ. The stock is up 205% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 19 sales (SEC Form 4).
Lattice Semiconductor Corporation (LSCC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LSCC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 4, 2026 | $0.36 | $0.41 | +13.9% | $171M | +3.6% |
| May 1, 2023 | $0.50 | $0.51 | +2.0% | $184M | +2.4% |
| Feb 13, 2023 | $0.48 | $0.49 | +2.1% | $176M | +0.4% |
| Oct 31, 2022 | $0.44 | $0.48 | +9.1% | $173M | +3.8% |
| Aug 1, 2022 | $0.40 | $0.42 | +5.0% | $161M | +2.1% |
| May 3, 2022 | $0.33 | $0.37 | +12.1% | $151M | +2.9% |
| Feb 15, 2022 | $0.27 | $0.32 | +18.5% | $142M | +5.7% |
| Nov 2, 2021 | $0.24 | $0.28 | +16.7% | $132M | +2.9% |
| May 4, 2021 | $0.19 | $0.22 | +15.8% | $116M | +5.1% |
| Feb 16, 2021 | $0.17 | $0.19 | +11.8% | $107M | +4.0% |
| Jul 28, 2020 | $0.15 | $0.17 | +13.3% | $101M | +13.3% |
| Apr 28, 2020 | $0.15 | $0.15 | +0.0% | $97M | +7.1% |
LSCC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Desale Pravinofficer: SVP, R&D | Sell | 2,039 | $142.89 |
| Jun 12, 2026 | Desale Pravinofficer: SVP, R&D | Tax | 868 | $142.86 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 425 | $148.34 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 475 | $149.92 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 762 | $153.74 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 382 | $151.70 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 198 | $154.53 |
| Jun 5, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Sell | 498 | $152.80 |
| Jun 4, 2026 | LEDERER JAMES Pdirector | Sell | 6,101 | $153.94 |
| Jun 2, 2026 | Desale Pravinofficer: SVP, R&D | Tax | 653 | $147.08 |
| Jun 2, 2026 | Feanny Tracy Annofficer: SVP, General Counsel | Tax | 445 | $147.08 |
| Jun 2, 2026 | Elashmawi Esamofficer: SVP Mktg & Strategy | Tax | 680 | $147.08 |
| May 21, 2026 | Desale Pravinofficer: SVP, R&D | Sell | 1,100 | $136.70 |
| May 21, 2026 | Desale Pravinofficer: SVP, R&D | Sell | 955 | $138.65 |
| May 21, 2026 | Desale Pravinofficer: SVP, R&D | Sell | 1,500 | $132.44 |
Source: LSCC SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full LSCC insider & 13F page →Lattice Semiconductor Corporation company profile
Overview
Lattice Semiconductor Corporation (NASDAQ:LSCC) is a semiconductor company founded in 1983 and headquartered in Hillsboro, Oregon. The company went public in 1989 and has evolved into a specialized provider of programmable semiconductor solutions, particularly Field Programmable Gate Arrays (FPGAs). After experiencing significant growth through 2023, Lattice has navigated a challenging market downturn in 2024, implementing cost reduction measures while continuing to invest in new product development and maintaining its focus on artificial intelligence and edge computing applications.
Business
Lattice Semiconductor operates in the programmable semiconductor industry, specifically focusing on Field Programmable Gate Arrays (FPGAs) and related programmable logic devices. FPGAs are integrated circuits that can be reconfigured after manufacturing to perform specific digital logic functions, making them highly versatile for various applications where flexibility and customization are crucial. The company's core product portfolio consists of four main FPGA families: Certus-NX and ECP, Mach, iCE40, and CrossLink. Additionally, Lattice has introduced newer platforms including the Nexus and Avant families, which represent the company's latest technological advancements. These FPGAs are designed to be low-power, small-sized, and cost-effective solutions that can be programmed to handle tasks such as signal processing, data management, connectivity, and control functions in electronic systems. Beyond hardware, Lattice provides software solution stacks that enable customers to more easily implement their designs. The company also offers video connectivity application specific standard products and licenses its intellectual property through standard IP licensing, patent monetization, and IP services. The company serves three primary end markets: Communications and Computing (approximately 48% of revenue), which includes servers, data centers, and networking equipment; Industrial and Automotive (approximately 43% of revenue), covering factory automation, automotive systems, and industrial controls; and Consumer (remaining portion), though this segment has become a smaller focus area. Lattice targets the small-to-mid range FPGA market segment, positioning itself as an alternative to larger, more power-hungry FPGAs and custom ASICs (Application-Specific Integrated Circuits).
Revenue model
Lattice Semiconductor generates revenue primarily through direct product sales of its programmable semiconductor devices to original equipment manufacturers (OEMs). The company sells both directly to end customers and indirectly through a network of independent manufacturers' representatives and distributors. Revenue is also generated through intellectual property licensing, including standard IP licensing, patent monetization, and IP services. The company's business model benefits from several factors that can increase margins. New product introductions typically command higher average selling prices (ASPs), with newer platforms like Nexus and Avant showing strong pricing power. Software solution stacks have achieved over 50% attach rates with new silicon design wins, providing additional value and customer stickiness. The company has also benefited from AI-related applications, which have driven higher content per server and increased ASPs, with AI-related revenue estimated at around $100 million annually. However, several factors can pressure margins. Inventory normalization cycles in the semiconductor industry can lead to reduced demand and pricing pressure, as experienced in 2024. Competitive dynamics in the FPGA market, particularly from larger players, can impact pricing power. Macroeconomic conditions affecting end markets like automotive and industrial can reduce demand. Channel inventory management challenges can lead to undershipping relative to true end-customer demand. Additionally, tariff impacts and trade tensions, while currently limited due to 80% of revenue coming from outside the U.S., could affect supply chains and costs. The company's focus on mature process nodes helps maintain cost competitiveness compared to leading-edge alternatives, but technological shifts toward more advanced processes could present challenges.
Competitive moat
Lattice Semiconductor's competitive moat appears moderate but defensible within its chosen market segment. The company has established a strong position in the small-to-mid range FPGA market through several key differentiators. Its low-power architecture, particularly the Lot 4 architecture, provides sustainable advantages in power consumption, device size, and performance that are difficult for competitors to replicate quickly. The company's software solution stacks create customer stickiness, with over 50% attach rates providing both revenue enhancement and switching costs for customers. Lattice benefits from design win momentum and long customer engagement cycles typical in the semiconductor industry. Once a customer designs an FPGA into their system, switching costs are substantial due to the time and engineering resources required for redesign. The company's focus on AI and edge computing applications has created opportunities for higher content per system and stronger customer relationships. However, the moat faces several challenges and limitations. The FPGA market is dominated by much larger players like Intel (through its Altera division) and AMD (through Xilinx), which have significantly greater resources for R&D and can offer more comprehensive solutions. Technology disruption remains a constant threat, as customers may choose to develop custom ASICs for high-volume applications, or newer technologies could displace FPGAs entirely. The company's focus on mature process nodes, while cost-effective, could become a disadvantage if performance requirements shift dramatically. Competitive pressure in low-power FPGAs is intensifying, and Lattice's relatively small size limits its ability to invest in cutting-edge manufacturing processes or acquire complementary technologies. The company's moat is strongest in applications where its specific combination of low power, small size, and cost-effectiveness creates the most value, but this niche positioning also limits its total addressable market compared to broader-based competitors.
Risks & safety
Overall Assessment: Lattice maintains a solid financial position with adequate liquidity and manageable debt levels, though recent performance volatility and high valuation metrics present some concerns. Liquidity and Solvency: • Cash and short-term investments: $127.6 million (Q1 2025) • Current ratio: 4.31, indicating strong short-term liquidity • Debt-to-equity ratio: 0.023, representing minimal debt burden • Free cash flow: $23.3 million (Q1 2025), down from $52.2 million (Q4 2024) • No significant solvency risk given strong balance sheet Valuation Metrics: • Current P/E ratio appears elevated given recent earnings volatility • EV/EBITDA: 269x (Q1 2025) due to low EBITDA of $7.0 million • Price-to-book ratio: 10.76, indicating premium valuation • Graham number suggests potential overvaluation at current levels Other Considerations: • Revenue declined 15% year-over-year in Q1 2025 to $120.1 million • Company implemented 14% workforce reduction to manage costs • Inventory normalization cycle expected to continue through mid-2025 • Management targets low single-digit revenue growth for 2025, with return to 15-20% growth by 2026
Recent development
Over the past few years, Lattice has undergone significant strategic evolution focused on product portfolio expansion and artificial intelligence positioning. The company launched its Nexus platform with seven device families, five of which are now in production, representing a major technological advancement in low-power FPGA design. In 2024, Lattice introduced the Avant platform, which doubles the company's addressable market by targeting mid-range FPGA applications with 2.5x lower power consumption and 2x faster performance compared to previous generations. The company has made significant investments in software capabilities, expanding from basic development tools to six comprehensive software solution stacks that achieve over 50% attach rates with new design wins. This software strategy has become crucial for customer acquisition and retention, enabling easier implementation of complex designs and creating additional revenue streams. Leadership changes have been substantial, with Lorenzo Flores joining as CFO, Nicole Singer as Chief People Officer, Erhaan Shaikh promoted to SVP of Worldwide Sales, and Tonya Stevens appointed as Chief Accounting Officer. The company also opened a new R&D center in Pune, India, as part of its global expansion strategy. In response to market challenges in 2024, Lattice implemented operational efficiency measures including a 14% workforce reduction and 14% reduction in non-headcount operating expenses, while maintaining product roadmap integrity. The company has focused on AI-related opportunities, achieving an estimated $100 million in AI-related revenue and positioning itself for growth in edge AI, server management, and automotive ADAS applications. Lattice has also emphasized inventory management and channel optimization, working to normalize inventory levels while maintaining strong design win momentum across all product lines.
LSCC company profile · for informational purposes only — not investment advice.
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