Lattice Semiconductor Corporation Earnings Recaps
Q2 2026
Aug 6, 2026
Lattice Semiconductor's shares crept up just 0.9% following Q2 results that delivered solid growth but did not materially surpass investor expectations amid cautious upside signal from the market.
Key takeaways
- Q2 revenue hit a record $201 million, up 18% sequentially and 62% year-over-year, driven by strength in Compute and Communications and Industrial and Embedded markets.
- Compute and Communications revenue grew 18% sequentially and 83% year-over-year, supported by AI data center demand and expanding FPGA attach rates.
- Industrial and Embedded revenue increased 17% sequentially and 36% year-over-year, benefiting from recovery in sectors including aerospace, defense, and robotics.
- Non-GAAP EPS rose over 120% year-over-year to $0.53, reflecting operational leverage and margin expansion.
- Q3 guidance anticipates $220 million in FPGA revenue (+65% year-over-year) and total revenue of $255 million including two months of AMI acquisition contribution, targeting an annualized $1 billion run rate with EPS guidance at $0.56.
Q1 2026
May 5, 2026
Lattice Semiconductor’s shares rose modestly by 1.1% after reporting solid Q1 results and maintaining confident guidance, but the lack of a stronger market response suggests investors remain cautious about near-term outlook or premium valuation on the upcoming AMI acquisition.
Key takeaways
- Q1 revenue grew 42% year over year to $170.9 million, driven by broad strength across compute and communications as well as industrial and embedded end markets.
- Compute and communications segment accounted for 62% of revenue, with data center AI demand cited as a key growth driver.
- Channel inventory reduced from three months to close to two months, indicating improving supply chain dynamics.
- EPS increased 86% year over year, reflecting operating leverage and efficient scaling alongside revenue growth.
- Q2 guidance calls for approximately 50% year-over-year revenue growth ($185 million midpoint) and 80% EPS growth, maintaining a confident outlook despite potential market uncertainties related to the AMI acquisition.
Q3 2025
Nov 4, 2025
Lattice Semiconductor reported robust third-quarter results, achieving $133.3 million in revenue, reflecting 7.6% sequential growth and a strong outlook for continued expansion into Q4 and beyond.
Key takeaways
- Q3 revenue growth of 7.6% sequentially and 4.9% year-over-year, marking the highest growth in over four years.
- Key segments, such as communications and computing, experienced significant increases, with sales up 21% year-over-year, driven by AI infrastructure investments.
- Q4 revenue guidance projected at $143 million, equating to a 22% year-on-year growth expectation, signaling strong recovery momentum.
- Continued strategic inventory normalization in the Industrial and Automotive segments positions Lattice for renewed growth into 2026.
- Accelerating adoption of post-quantum cryptography solutions and expanded AI usage are further bolstering Lattice’s market opportunities.