Lattice Semiconductor Corporation Q3 2026 Earnings Recap

Lattice’s shares rose 11.0% after earnings, as third-quarter revenue and EPS topped the company’s own guidance and fourth-quarter guidance pointed to continued acceleration. Management cited broad-based demand, led by data center AI, alongside growth in Industrial & Embedded.

Key Takeaways

• Q3 revenue was a record $291 million, up 45% sequentially and 118% year over year; non-GAAP EPS was $0.72, above the high end of guidance.
• Q4 revenue guidance is $335 million at the midpoint, implying approximately 130% year-over-year growth; non-GAAP EPS guidance is $0.84 at the midpoint.
• FPGA revenue was $252 million, up 90% year over year. Compute & Communications revenue rose 132%, driven by data center AI demand; Industrial & Embedded revenue increased 35%.
• Management expects Industrial & Embedded growth to accelerate in Q4 and into 2027, citing healthy channel inventory, accelerating customer engagement, and new design wins ramping into production.
• The AMI acquisition closed July 27; the business delivered better-than-expected Q3 results, with continued growth expected in Q4.