Lattice Semiconductor Corporation LSCC

NASDAQ | Technology | Semiconductors / FPGA solutions
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Updated: 9 Sep 2026 Base analysis: 4 Aug 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Existing position may be maintained pending Q2 results and AMI updates.

Strong Q2 growth, raised guidance and completed AMI acquisition are balanced by high valuation and integration risks, supporting the HOLD signal.

Market sentiment Positive ↑
Trend: Improving

The market reacts positively to the earnings beat and AMI close but notes valuation concerns and integration risks.

Risk assessment Medium
Dilution: Medium Share issuance for AMI acquisition creates 4-5 % dilution
Jurisdiction: Low US headquarters with low political risk
Execution: High Successful AMI integration and growth delivery are critical
Cash flow: 24 mo

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 5 Sep 2026 — The August 4 report showed record revenue and completed AMI acquisition, strengthening growth outlook.

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About the company

Lattice Semiconductor designs and sells low-power FPGA chips and related software for edge computing, AI and communications. The company operates fabless and recently acquired AMI to strengthen its secure firmware and datacenter offering.

Sector: Semiconductors / FPGA solutions
Type: Tech
Next report (Q3)
4 Nov 2026
Catalysts
●
4 Nov 2026
Q3 report High
Bull case

Record revenue, 83 % growth in Compute & Communications and AMI synergies strengthen the growth trajectory toward a USD 1 billion run rate.

Bear case

High valuation and debt increase for the AMI acquisition leave little margin for integration issues or delivery disruptions.

Sensitivity analysis
Factor If it weakens If it strengthens
AMI acquisition integration Delayed or costly integration → lower margins and delayed revenue growth. Rapid and successful integration → higher revenue and expanded TAM.
Edge AI adoption Weaker demand from datacenter customers → lower growth than guided. Increased FPGA adoption in AI servers → accelerated revenue growth.
Why this signal

Strong Q2 growth, raised guidance and completed AMI acquisition are balanced by high valuation and integration risks, supporting the HOLD signal.

Recent news
  • The Q2 report on 4 August showed record revenue of USD 201.1 million (+62 % YoY) and beat estimates. The AMI acquisition was completed, creating a complete AI/datacenter platform. Guidance was raised for Q3. The company presented at the KeyBanc Technology Leadership Forum, plans a keynote at the OCP Global Summit and an exhibition at the FPGAWorld Conference in Stockholm on 8 September. SVP Esam Elashmawi sold shares under a pre-planned plan.

Key figures

Revenue
Q2 FY26
USD 201M
EBITDA
Q2 FY26
USD 86.4M
Net income
Q2 FY26
USD 19.4M
Cash
Q1 2026
USD 140M
Total debt
2026-04-04
USD 39.9M
Gross margin
Q2 FY26
70.3%
Shares outstanding
2026-04-04
142M
EPS
Q2 FY26
USD 0.14
Exchange
NASDAQ
Type
Technology
Sector
Semiconductors / FPGA solutions
Lattice Semiconductor Corporation LSCC
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