LATTICE SEMICONDUCTOR CORP LSCC

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

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:

Last close 96.19 2026-10-23
Market cap $13.66B 2026-07-04 share count
52-week range 60.50 - 157.01

Valuation FY2025 figures against the last close

P/S26.1x
P/E4,809.5x
P/FCF103.0x
EV/EBITDA438.8x
Dividend yield—
Diluted EPS0.02

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Gross margin
  • Cost of revenue
  • Other
Revenue by segment, 3 categories over 1 years. The same figures are in the table below. FY2025 Gross margin, FY2025: 356.9M (67.8%) 68% Gross margin Cost of revenue, FY2025: 166.3M (31.6%) 32% Cost of revenue Other, FY2025: 3.1M (0.6%)
Segment FY2025
Gross margin $356.9M
Cost of revenue $166.3M
Other $3.1M

As the company reported it, from the “Note 15 - Segment Reporting - Segment Reporting (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.020.441.881.300.700.350.33-0.21-0.58-0.45
EPS, diluted 0.020.441.851.270.670.340.32-0.21-0.58-0.45
Shares, diluted (wtd. avg.) 138.2M138.3M139.8M140.7M142.1M141.3M137.3M126.6M122.7M120.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 427.1M Gross profit, FY2016: 247.1M Net income, FY2016: -54.1M Revenue, FY2017: 386M Gross profit, FY2017: 216.6M Net income, FY2017: -70.6M Revenue, FY2018: 398.8M Gross profit, FY2018: 219.4M Net income, FY2018: -26.3M Revenue, FY2019: 404.1M Gross profit, FY2019: 238.4M Net income, FY2019: 43.5M Revenue, FY2020: 408.1M Gross profit, FY2020: 245.3M Net income, FY2020: 47.4M Revenue, FY2021: 515.3M Gross profit, FY2021: 321.7M Net income, FY2021: 95.9M Revenue, FY2022: 660.4M Gross profit, FY2022: 452.1M Net income, FY2022: 178.9M Revenue, FY2023: 737.2M Gross profit, FY2023: 514.7M Net income, FY2023: 259.1M Revenue, FY2024: 509.4M Gross profit, FY2024: 340.4M Net income, FY2024: 61.1M Revenue, FY2025: 523.3M Gross profit, FY2025: 356.9M Net income, FY2025: 3.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $427.1M $386.0M $398.8M $404.1M $408.1M $515.3M $660.4M $737.2M $509.4M $523.3M
Gross profit $247.1M $216.6M $219.4M $238.4M $245.3M $321.7M $452.1M $514.7M $340.4M $356.9M
Net income -$54.1M -$70.6M -$26.3M $43.5M $47.4M $95.9M $178.9M $259.1M $61.1M $3.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Unregistered share sale Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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