Lattice Semiconductor (NASDAQ:LSCC) Issues Earnings Results

Lattice Semiconductor (NASDAQ:LSCC) posted its quarterly earnings data on Monday. The semiconductor company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05, FiscalAI reports. The company had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $164.93 million. Lattice Semiconductor had a net margin of 0.59% and a return on equity of 5.60%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. 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 Down 5.8%

NASDAQ:LSCC traded down $7.30 on Tuesday, reaching $118.27. The stock had a trading volume of 1,569,489 shares, compared to its average volume of 1,970,293. The company has a market capitalization of $16.19 billion, a P/E ratio of 5,999.55, a price-to-earnings-growth ratio of 4.44 and a beta of 1.76. Lattice Semiconductor has a 1-year low of $43.90 and a 1-year high of $127.95. The stock has a fifty day moving average price of $100.56 and a 200-day moving average price of $85.33.

Insider Buying and Selling

In related news, Director Robin Ann Abrams sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $99.75, for a total transaction of $798,000.00. Following the completion of the sale, the director directly owned 98,398 shares of the company’s stock, valued at $9,815,200.50. The trade was a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Tonya Stevens sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $95.38, for a total transaction of $308,077.40. Following the completion of the sale, the chief accounting officer directly owned 62,302 shares of the company’s stock, valued at $5,942,364.76. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 45,614 shares of company stock valued at $4,346,028. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. iSAM Funds UK Ltd bought a new stake in Lattice Semiconductor during the 3rd quarter worth about $25,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 324 shares during the period. Measured Wealth Private Client Group LLC bought 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 during the third quarter worth about $34,000. Finally, State of Wyoming bought a new position in Lattice Semiconductor in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor News Roundup

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

• Positive Sentiment: Q1 beat and raised Q2 guidance: Lattice reported $0.41 EPS vs. $0.36 expected and revenue of $170.9M (up 42% YoY); management issued Q2 guidance of $0.420–0.460 EPS and revenue $175M–$195M, above consensus — a near-term fundamental tailwind. Zacks: Q1 beat
• Positive Sentiment: Major acquisition announced: Lattice agreed to acquire AMI for $1.65B to expand its AI/cloud and secure platform capabilities — this adds product/market expansion potential and was highlighted as strategic upside. Reuters: AMI deal
• Positive Sentiment: Analyst price-target upgrades: Multiple firms raised targets and maintained buy/outperform views (Rosenblatt to $175, Needham to $140, Baird to $135; TD Cowen/others also raised targets), reflecting optimism on AI/datacenter momentum and AMI deal synergy. Benzinga: analyst moves TipRanks: target raise
• Neutral Sentiment: Street consensus remains constructive but measured — the average analyst rating is “Moderate Buy,” suggesting continued support but not unanimous conviction. AmericanBankingNews
• Negative Sentiment: Acquisition and integration risk: the $1.65B AMI deal increases execution risk, potential dilution or cash/leveraging needs, and will require successful integration to realize the cited AI/cloud upside (timing targeted for Q3 close). Seeking Alpha: Q2 outlook & AMI timing
• Negative Sentiment: Margin/valuation scrutiny: Lattice’s net margin and ROE remain modest despite revenue growth, and headline valuation metrics can look stretched/volatile — investors will watch margin improvement and deal economics closely. No link

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada boosted their price objective on Lattice Semiconductor from $118.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen restated a “buy” rating on shares of Lattice Semiconductor in a research report on Tuesday. Weiss Ratings upgraded shares of Lattice Semiconductor from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Lattice Semiconductor currently has an average rating of “Moderate Buy” and an average target price of $122.79.

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.