LATTICE SEMICONDUCTOR CORP LSCC
Lattice Semiconductor Corporation and its subsidiaries ("Lattice," the "Company," "we," "us," or "our") develop technologies that we monetize through differentiated programmable logic semiconductor products, silicon-enabling products, system solutions, design services, and technology licenses. Lattice is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support lets our customers quickly and easily unleash their innovation to create a smart, secure, and connected world.
Our field programmable gate array ("FPGA") devices enable us to provide our customers with a strong, growing base of control, connect, and compute technologies. We believe there are multiple growth areas that will allow us to increase our addressable market. In particular, we believe there are several emerging trends in servers, infrastructure, and smart devices that are opportunities for Lattice:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $523.3M | $509.4M | $737.2M | $660.4M | $515.3M | $408.1M | $404.1M | $398.8M | $386.0M | $427.1M |
| Cost of revenue | $166.3M | $169.0M | $222.5M | $208.3M | $193.7M | $162.8M | $165.7M | $179.4M | $169.4M | $180.0M |
| Gross profit | $356.9M | $340.4M | $514.7M | $452.1M | $321.7M | $245.3M | $238.4M | $219.4M | $216.6M | $247.1M |
| R&D | $188.0M | $159.3M | $159.8M | $135.8M | $110.5M | $89.2M | $78.6M | $82.4M | $103.4M | $117.5M |
| SG&A | $153.6M | $116.9M | $137.2M | $122.1M | $105.6M | $95.3M | $82.5M | $91.1M | $90.7M | $98.6M |
| Total operating expenses | $345.7M | $305.9M | $302.4M | $264.7M | $220.9M | $192.9M | $179.4M | $222.6M | $264.2M | $453.8M |
| Operating income | $11.2M | $34.5M | $212.3M | $187.4M | $100.8M | $52.4M | $59.0M | -$3.1M | -$47.6M | -$26.7M |
| Interest expense | $2.9M | $3.9M | $2.0M | $4.1M | $2.7M | $3.7M | $11.7M | $20.6M | $18.8M | $20.3M |
| Pre-tax income | $13.4M | $36.2M | $214.9M | $182.1M | $97.6M | $48.5M | $45.1M | -$24.0M | -$69.7M | -$44.2M |
| Income tax | $10.3M | $24.9M | $44.2M | $3.2M | $1.7M | $1.1M | $1.6M | $2.4M | $849.0K | $9.9M |
| Net income | $3.1M | $61.1M | $259.1M | $178.9M | $95.9M | $47.4M | $43.5M | -$26.3M | -$70.6M | -$54.1M |
| EPS, basic | 0.02 | 0.44 | 1.88 | 1.30 | 0.70 | 0.35 | 0.33 | -0.21 | -0.58 | -0.45 |
| EPS, diluted | 0.02 | 0.44 | 1.85 | 1.27 | 0.67 | 0.34 | 0.32 | -0.21 | -0.58 | -0.45 |
| Shares, diluted (wtd. avg.) | $138.2M | $138.3M | $139.8M | $140.7M | $142.1M | $141.3M | $137.3M | $126.6M | $122.7M | $120.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $133.9M | $136.3M | $128.3M | $145.7M | $131.6M | $182.3M | $118.1M | $119.1M | $106.8M | $106.6M |
| Short-term investments | — | — | — | — | — | — | $0 | $7.5M | $5.0M | — |
| Receivables | $102.3M | $81.1M | $104.4M | $94.0M | $79.9M | $64.6M | $64.9M | $60.9M | $55.1M | $99.6M |
| Inventory | $89.2M | $103.4M | $98.8M | $110.4M | $67.6M | $64.6M | $55.0M | $67.1M | $79.9M | $79.2M |
| Total current assets | $363.9M | $364.8M | $367.9M | $379.2M | $301.4M | $333.8M | $262.4M | $284.4M | $263.4M | $314.7M |
| Property, plant and equipment | $77.0M | $53.0M | $49.5M | $47.6M | $38.1M | $39.7M | $39.2M | $34.9M | $40.4M | $49.5M |
| Goodwill | $315.4M | $315.4M | $315.4M | $315.4M | $315.4M | $267.5M | $267.5M | $267.5M | $267.5M | $269.8M |
| Other intangibles | $4.1M | $4.6M | $21.0M | $25.1M | $29.8M | $6.3M | $7.0M | $11.9M | $51.3M | $118.9M |
| Total assets | $883.1M | $843.9M | $840.9M | $798.7M | $726.5M | $680.1M | $612.0M | $623.7M | $636.0M | $766.9M |
| Accounts payable | $56.5M | $36.8M | $34.5M | $42.0M | $34.6M | $27.5M | $44.4M | $51.8M | $54.4M | $80.9M |
| Short-term debt | — | — | — | $0 | $17.2M | $12.8M | $21.5M | $8.3M | $1.5M | $33.8M |
| Total current liabilities | $117.7M | $99.6M | $97.4M | $127.4M | $106.2M | $79.7M | $99.8M | $69.4M | $83.6M | $157.6M |
| Long-term debt | — | — | $0 | $128.8M | $140.8M | $157.9M | $125.1M | $251.4M | $299.7M | $300.9M |
| Total liabilities | $169.1M | $133.0M | $148.9M | $311.6M | $314.9M | $295.6M | $284.4M | $365.2M | $418.3M | $496.5M |
| Retained earnings | $212.2M | $209.1M | $148.0M | -$111.1M | -$290.0M | -$385.9M | -$433.3M | -$476.8M | -$477.9M | -$406.9M |
| Total equity | $714.1M | $710.9M | $692.0M | $487.2M | $411.6M | $384.4M | $327.7M | $258.5M | $245.1M | $270.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $175.1M | $140.9M | $269.6M | $238.8M | $167.7M | $91.7M | $124.1M | $51.5M | $38.5M | $41.7M |
| Depreciation and amortisation | $19.9M | $19.3M | $17.3M | $13.8M | $12.0M | $11.8M | $11.6M | $13.4M | $57.9M | $61.8M |
| Stock-based compensation | $115.6M | $53.0M | $70.2M | $55.5M | $46.5M | $40.4M | $18.9M | $13.6M | $12.5M | $16.2M |
| Capital expenditure | $42.5M | $21.0M | $20.1M | $23.3M | $9.8M | $12.1M | $15.6M | $8.4M | $12.9M | $16.7M |
| Investing cash flow | -$62.3M | -$37.7M | -$33.2M | -$34.9M | -$89.8M | -$20.9M | -$15.5M | -$21.1M | -$8.3M | -$17.4M |
| Financing cash flow | -$115.7M | -$94.5M | -$253.7M | -$188.1M | -$128.6M | -$8.1M | -$109.9M | -$16.8M | -$32.6M | -$1.1M |
| Buybacks | $100.0M | $67.0M | $80.0M | $110.1M | $70.1M | $15.0M | $0 | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-004100.
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