Lattice Semiconductor Corporation (LSCC) AI Stock Analysis

Lattice Semiconductor Corporation develops and sells semiconductor products across Asia, Europe, and the Americas. The company focuses on field programmable gate arrays (FPGAs) spanning product families such as Certus-NX, ECP, Mach, iCE40, and CrossLink. OEMs use these customizable chips in communications, computing, consumer electronics, industrial, and automotive systems. Lattice Semiconductor also provides application-specific standard products tailored for video connectivity and data transmission. Additionally, it generates revenue by licensing its technology portfolio through standard IP and IP core arrangements.

Lattice Semiconductor grew revenue from $515.3M in FY2021 to a peak of $737.2M in FY2023, before revenue dropped 30.9% to $509.4M in FY2024. In FY2025, revenue rose 2.7% to $523.3M, yielding a 5-year revenue CAGR of 5.1%. Operating margin narrowed from 28.8% in FY2023 to 2.9% in FY2025 as research and development expenses climbed to $188.0M, reducing FY2025 net income to $3.1M. Over the trailing twelve months, revenue totaled $651.1M with an operating margin of 13.3%. For the latest quarter ended June 30, 2026, quarterly revenue grew 62.2% year-over-year, while quarterly earnings expanded 600.0%.

As of June 30, 2026, Lattice Semiconductor held $173.3M in cash and short-term investments against $38.1M in total debt, resulting in net cash of $135.2M. The company shows solid liquidity with a current ratio of 3.02 and a debt-to-equity ratio of 0.05 on $787.5M in shareholders' equity. In FY2025, operating cash flow stood at $175.1M and free cash flow reached $132.6M. Capital allocation in FY2025 included $42.5M in capital expenditures and $100.0M deployed toward share buybacks.

LSCC trades at a trailing price-to-earnings ratio of 414.6x and a forward P/E of 38.8x, compared to medians of 28.1x and 18.8x, respectively, for its US-listed Technology peers. Its enterprise value of $17.14B reflects an EV-to-EBITDA multiple of 173.7x and an EV-to-revenue multiple of 26.3x, above the peer group median EV-to-EBITDA of 16.6x. The stock trades at a price-to-sales ratio of 22.6x against the peer median of 2.8x. Over the past year, LSCC gained 47.6%, outpacing the 16.8% return of the S&P 500, though its 5-year return of 56.8% trailed the index's 83.0% gain.

Wall Street coverage includes 10 Strong Buy, 3 Buy, 0 Hold, and 1 Sell ratings. The mean price target of $164.21 represents a 58.4% premium over the last close of $103.65 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $2.13 and revenue of $919.7M. For FY2027, 14 analysts expect EPS of $3.21 on revenue of $1.33B. Lattice Semiconductor beat EPS estimates in 1 of its last 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of Lattice Semiconductor Corporation (LSCC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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