Logo

LSCC

Lattice Semiconductor Corporation

LSCC

Lattice Semiconductor Corporation • NASDAQ
$70.21 ▲ 0.27% (+0.19)
Market Cap $9.60 B
52w High $76.61
52w Low $34.69
Dividend Yield 0%
P/E 351.05
Volume 475.30K
Outstanding Shares 136.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $133.349M ▲ $92.061M ▲ $2.794M ▼ 2.095% ▼ $0.02 $9.474M ▼
Q2-2025 $123.971M ▲ $80.045M ▲ $2.913M ▼ 2.35% ▼ $0.02 ▼ $16.987M ▼
Q1-2025 $120.15M ▲ $74.754M ▼ $5.022M ▼ 4.18% ▼ $0.04 ▼ $18.004M ▲
Q4-2024 $117.419M ▼ $83.962M ▲ $16.514M ▲ 14.064% ▲ $0.12 ▲ $15.001M ▼
Q3-2024 $127.091M $80.161M $7.19M 5.657% $0.05 $26.324M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $117.91M ▲ $844.356M ▲ $137.956M ▲ $706.4M ▲
Q2-2025 $107.156M ▼ $808.552M ▼ $121.504M ▲ $687.048M ▼
Q1-2025 $127.564M ▼ $823.65M ▼ $115.739M ▼ $707.911M ▼
Q4-2024 $136.291M ▲ $843.903M ▼ $132.971M ▼ $710.932M ▲
Q3-2024 $124.283M $853.661M $150.121M $703.54M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.794M ▼ $47.1M ▲ $-17.505M ▼ $-18.702M ▲ $10.754M ▲ $29.595M ▼
Q2-2025 $2.913M ▼ $38.531M ▲ $-11.55M ▲ $-47.805M ▼ $-20.408M ▼ $31.301M ▲
Q1-2025 $5.022M ▼ $31.892M ▼ $-12.078M ▼ $-28.779M ▼ $-8.727M ▼ $23.276M ▼
Q4-2024 $16.514M ▲ $45.421M ▲ $-9.97M ▼ $-22.872M ▼ $12.008M ▼ $39.667M ▼
Q3-2024 $7.19M $44.013M $-9.535M $-19.855M $15.067M $46.97M

Revenue by Products

Product Q1-2022Q2-2022Q3-2022Q4-2022
License and Service
License and Service
 $0 ▲$0 ▲$10.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Lattice’s income statement shows a strong multi‑year run followed by a noticeable cooling. Revenue grew steadily from 2020 through 2023, with profits rising even faster as margins expanded. The most recent year, however, shows a clear slowdown: sales have stepped down, and profitability has compressed more than revenue, which is typical in a cyclical downturn. The company remains solidly profitable, but the contrast between the boom period and the latest year is sharp, underscoring how sensitive its earnings are to demand swings in semiconductors.

Balance Sheet

Balance Sheet From the limited balance sheet data available, Lattice appears relatively conservatively financed. A few years ago it carried meaningful equity, with cash and debt roughly balancing out, which points to modest leverage and an asset‑light model. As a fabless semiconductor company, it does not require heavy manufacturing assets, which generally reduces balance sheet risk. That said, the lack of recent, detailed balance sheet figures means current liquidity, debt levels, and working capital trends are harder to judge with confidence.

Cash Flow

Cash Flow Cash generation is a key strength. Lattice has produced positive operating cash flow every year in the period shown, and free cash flow has tracked close behind, helped by modest capital spending needs. This suggests that reported earnings are largely backed by real cash and that the business model is not capital‑intensive. In the latest year, cash flow softened in line with earnings, but remained clearly positive, giving the company room to keep funding R&D and strategic initiatives even during a softer demand environment.

Competitive Edge

Competitive Edge Competitively, Lattice occupies a well‑defined niche: low‑power, small FPGAs for edge and embedded applications. Its chips are known for energy efficiency, compact size, and cost‑effectiveness, which fits well in devices that run on limited power or need tight space, such as industrial, automotive, and many edge‑AI use cases. Design wins tend to be sticky because once a customer builds a device around a specific FPGA and software stack, switching costs are high. On top of the hardware, Lattice has been building solution stacks and tools that make its platform easier to adopt, further deepening customer relationships. The push into the mid‑range FPGA market with Avant widens its playing field but also exposes it more directly to larger, well‑capitalized rivals, which raises competitive intensity.

Innovation and R&D

Innovation and R&D Innovation is central to Lattice’s story. The company has focused its R&D on platforms like Nexus for small, ultra‑low‑power FPGAs and Avant for higher‑performance, mid‑range devices. It is not just selling chips; it is layering on software and solution stacks—such as sensAI for edge AI, mVision for embedded vision, and Sentry for security—that simplify development and shorten customers’ time to market. User‑friendly design tools lower the skill barrier and help attract designers who might otherwise avoid FPGAs. Future value will hinge on how well Lattice can sustain its power‑efficiency lead, drive adoption of Avant in communications, computing, industrial, and automotive markets, and convert edge‑AI and automotive opportunities into durable, high‑margin product families.

Summary

Overall, Lattice combines a focused technology niche with a relatively lean, cash‑generative financial profile. The last several years showed strong growth and expanding margins, followed by a recent downturn that highlights the cyclical nature of its end markets and the sensitivity of profits to shifts in demand. Its differentiated position in low‑power FPGAs, supported by software ecosystems and application‑specific stacks, gives it a defensible moat, while expansion into mid‑range FPGAs and edge‑AI applications opens new avenues for growth but invites tougher competition. Key things to watch include how quickly demand recovers, whether margins rebound toward prior levels, and how effectively the company converts its innovation pipeline and design wins into sustained, less volatile revenue over time.

NEWS

November 11, 2025 · 4:00 PM UTC

Lattice to Showcase Advanced Industrial and Edge AI Solutions at SPS 2025

Read more

November 3, 2025 · 6:41 PM UTC

CORRECTING and REPLACING Lattice Semiconductor Reports Record Communications & Computing Revenue in Third Quarter 2025

Read more

November 3, 2025 · 4:00 PM UTC

Lattice Semiconductor Reports Record Communications & Computing Revenue in Third Quarter 2025

Read more

October 22, 2025 · 4:00 PM UTC

Lattice Wins Multiple 2025 Top Workplace Awards for Culture Excellence

Read more

October 20, 2025 · 7:00 AM UTC

Lattice Semiconductor Schedules Third Quarter 2025 Results Conference Call

Read more