Tearsheet

Lattice Semiconductor (LSCC)


Market Price (4/10/2026): $106.34 | Market Cap: $14.5 Bil
Sector: Information Technology | Industry: Semiconductors

Lattice Semiconductor (LSCC)


Market Price (4/10/2026): $106.34
Market Cap: $14.5 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Chips, Edge AI, Show more.

Trading close to highs
Dist 52W High is -0.3%, Dist 3Y High is -0.3%

Weak multi-year price returns
3Y Excs Rtn is -54%

Expensive valuation multiples
P/SPrice/Sales ratio is 28x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 951x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 83x, P/EPrice/Earnings or Price/(Net Income) is 4,711x

Stock price has recently run up significantly
12M Rtn12 month market price return is 129%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.5%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%

Key risks
LSCC key risks include [1] significant geopolitical exposure due to its heavy revenue concentration in China and [2] intense competitive pressure from larger rivals like Intel and AMD as it attempts to penetrate higher-end markets.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Chips, Edge AI, Show more.
2 Trading close to highs
Dist 52W High is -0.3%, Dist 3Y High is -0.3%
3 Weak multi-year price returns
3Y Excs Rtn is -54%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 28x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 951x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 83x, P/EPrice/Earnings or Price/(Net Income) is 4,711x
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 129%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.5%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.9%
9 Key risks
LSCC key risks include [1] significant geopolitical exposure due to its heavy revenue concentration in China and [2] intense competitive pressure from larger rivals like Intel and AMD as it attempts to penetrate higher-end markets.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Lattice Semiconductor (LSCC) stock has gained about 45% since 12/31/2025 because of the following key factors:

1. Lattice Semiconductor reported strong fourth-quarter 2025 financial results and issued optimistic guidance for the first quarter of 2026, surpassing analyst expectations. The company's non-GAAP earnings per share (EPS) for Q4 2025 was $0.32, exceeding analyst estimates of $0.25 by 28%. Quarterly revenue increased 24.2% year-over-year to $145.8 million, also above estimates. For Q1 2026, Lattice projected revenue between $158 million and $172 million (midpoint $165M), implying over 37% year-over-year growth and approximately 13% sequential growth, exceeding analyst estimates of $147.8 million. Non-GAAP EPS guidance for Q1 2026 was $0.34–$0.38 (midpoint $0.36), roughly 65% year-over-year growth.

2. The company's strategic pivot and expansion into high-growth Artificial Intelligence (AI) markets, particularly Physical AI and Data Center solutions, fueled investor confidence. Lattice announced joining the NVIDIA Halos AI Systems Inspection Lab ecosystem in March 2026, focusing on advancing safety for physical AI with Holoscan Sensor Bridge-based designs. AI accounted for 15% of unit volume and 20% of dollar revenue in the previous year, with new products (Nexus and Avant families) expected to drive significant revenue in 2026 and 2027, growing 70% year-over-year last year and projected to constitute mid-20% of total revenue in 2026. This aligns with the broader semiconductor industry's momentum driven by AI infrastructure and digitalization.

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Stock Movement Drivers

Fundamental Drivers

The 44.5% change in LSCC stock from 12/31/2025 to 4/9/2026 was primarily driven by a 1174.3% change in the company's P/E Multiple.
(LTM values as of)123120254092026Change
Stock Price ($)73.58106.2944.5%
Change Contribution By: 
Total Revenues ($ Mil)4955235.7%
Net Income Margin (%)5.5%0.6%-89.3%
P/E Multiple369.74,711.11174.3%
Shares Outstanding (Mil)1371370.1%
Cumulative Contribution44.5%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/9/2026
ReturnCorrelation
LSCC44.5% 
Market (SPY)-5.4%54.5%
Sector (XLK)-1.3%63.8%

Fundamental Drivers

The 45.0% change in LSCC stock from 9/30/2025 to 4/9/2026 was primarily driven by a 1382.7% change in the company's P/E Multiple.
(LTM values as of)93020254092026Change
Stock Price ($)73.32106.2945.0%
Change Contribution By: 
Total Revenues ($ Mil)4895237.1%
Net Income Margin (%)6.5%0.6%-90.9%
P/E Multiple317.74,711.11382.7%
Shares Outstanding (Mil)1371370.3%
Cumulative Contribution45.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/9/2026
ReturnCorrelation
LSCC45.0% 
Market (SPY)-2.9%58.1%
Sector (XLK)1.0%64.2%

Fundamental Drivers

The 102.7% change in LSCC stock from 3/31/2025 to 4/9/2026 was primarily driven by a 3885.8% change in the company's P/E Multiple.
(LTM values as of)33120254092026Change
Stock Price ($)52.45106.29102.7%
Change Contribution By: 
Total Revenues ($ Mil)5095232.7%
Net Income Margin (%)12.0%0.6%-95.1%
P/E Multiple118.24,711.13885.8%
Shares Outstanding (Mil)1381370.8%
Cumulative Contribution102.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/9/2026
ReturnCorrelation
LSCC102.7% 
Market (SPY)16.3%67.0%
Sector (XLK)38.2%70.0%

Fundamental Drivers

The 11.3% change in LSCC stock from 3/31/2023 to 4/9/2026 was primarily driven by a 6336.8% change in the company's P/E Multiple.
(LTM values as of)33120234092026Change
Stock Price ($)95.50106.2911.3%
Change Contribution By: 
Total Revenues ($ Mil)660523-20.8%
Net Income Margin (%)27.1%0.6%-97.8%
P/E Multiple73.24,711.16336.8%
Shares Outstanding (Mil)1371370.3%
Cumulative Contribution11.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/9/2026
ReturnCorrelation
LSCC11.3% 
Market (SPY)63.3%59.5%
Sector (XLK)91.9%64.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LSCC Return68%-16%6%-18%30%45%133%
Peers Return38%-23%40%-2%37%39%179%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
LSCC Win Rate83%33%67%42%58%75% 
Peers Win Rate58%40%62%43%53%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LSCC Max Drawdown-17%-42%-16%-40%-33%0% 
Peers Max Drawdown-3%-36%-5%-12%-27%0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMAT, LRCX, TXN, ADI, POWI. See LSCC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/9/2026 (YTD)

How Low Can It Go

Unique KeyEventLSCCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-47.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven90.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven281 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven66.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven46 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-36.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven56.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven86 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven501.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven697 days1,480 days

Compare to AMAT, LRCX, TXN, ADI, POWI

In The Past

Lattice Semiconductor's stock fell -47.5% during the 2022 Inflation Shock from a high on 11/16/2021. A -47.5% loss requires a 90.4% gain to breakeven.

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About Lattice Semiconductor (LSCC)

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products. In addition, the company licenses its technology portfolio through standard IP and IP core licensing, patent monetization, and IP services. It sells its products directly to end customers, and indirectly through a network of independent manufacturers' representatives and independent distributors. The company primarily serves original equipment manufacturers in the communications and computing, consumer, and industrial and automotive end markets. Lattice Semiconductor Corporation was incorporated in 1983 and is headquartered in Hillsboro, Oregon.

AI Analysis | Feedback

A focused competitor in the programmable logic market, akin to a smaller Xilinx (now part of AMD) or Altera (now part of Intel).

Think of them as the 'specialty shop' for compact, low-power programmable chips, similar to how Analog Devices focuses on high-performance analog components for specific needs.

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  • Field Programmable Gate Arrays (FPGAs): Semiconductor devices that can be configured by a customer or designer after manufacturing, encompassing product families such as Certus-NX, ECP, Mach, iCE40, and CrossLink.
  • Video Connectivity Application Specific Standard Products (ASSPs): Specialized semiconductor products designed for specific video connectivity applications.
  • Technology Portfolio Licensing: Services that involve licensing the company's intellectual property, including standard IP, IP cores, patent monetization, and IP services.

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Lattice Semiconductor (LSCC) Major Customers

Lattice Semiconductor (LSCC) sells its products primarily to other companies, specifically original equipment manufacturers (OEMs).

Based on the provided background, LSCC primarily serves OEMs in the following end markets:

  • Communications and Computing
  • Consumer
  • Industrial and Automotive

The provided company description does not name specific major customer companies within these categories.

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  • Taiwan Semiconductor Manufacturing Company Limited (TSM)
  • Amkor Technology, Inc. (AMKR)
  • ASE Technology Holding Co., Ltd. (ASX)

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Ford Tamer, Chief Executive Officer
Ford Tamer joined Lattice Semiconductor as CEO in September 2024. Prior to his role at Lattice, he served as President and CEO of Inphi for over nine years, where he guided the company to become a market leader in electro-optics solutions before its acquisition by Marvell Technologies in a $10 billion merger in 2021. His past experience also includes serving as CEO of Telegent Systems, Senior Vice President and General Manager of Broadcom's Infrastructure Networking Group, and co-founder and CEO of Agere Inc. Tamer has also held a senior operating partner role at Francisco Partners, a private equity firm.

Lorenzo Flores, Chief Financial Officer
Lorenzo Flores joined Lattice Semiconductor as Chief Financial Officer in February 2025. He brings over 30 years of financial leadership experience in the technology industry, with previous CFO positions at Intel Foundry, Xilinx, and UXComm. He also served as Executive Vice Chairman for Kioxia, Inc.

Esam Elashmawi, Chief Strategy and Marketing Officer
Esam Elashmawi joined Lattice Semiconductor in 2018 and currently serves as Chief Strategy and Marketing Officer. He was appointed Interim CEO from June to September 2024. Elashmawi co-founded SiliconExpert Technologies, a component management software company that was later acquired by Arrow Electronics. His prior roles include leadership positions at Microsemi Corporation and Actel Corporation.

Nicole Singer, Chief People Officer
Nicole Singer joined Lattice Semiconductor as Chief People Officer in February 2025. She has 30 years of experience in human resources and technical leadership.

Erhaan Shaikh, Senior Vice President, Worldwide Sales
Erhaan Shaikh was promoted to Senior Vice President, Worldwide Sales in February 2025, having joined Lattice Semiconductor in 2020. Before his tenure at Lattice, he was Senior Vice President, Sales and Marketing at Fungible, which was acquired by Microsoft. He also spent 15 years at Intel/Altera in various sales, marketing, and engineering leadership capacities, and held prior roles at Synplicity, Xilinx, and Wyle Electronics.

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Key Risks to Lattice Semiconductor (LSCC)

  1. Intense Competition and Rapid Technological Change: Lattice Semiconductor operates in a highly competitive market for field-programmable gate arrays (FPGAs) and video connectivity application-specific standard products (ASSPs). This market includes larger semiconductor companies with significantly greater financial resources and R&D capabilities. Failure to continuously innovate, keep pace with technological advancements, and deliver competitive products could lead to a loss of market share, pricing pressure, and reduced profitability. The rapid pace of technological change in the semiconductor industry requires substantial and ongoing investment in research and development to remain competitive.

  2. Supply Chain Disruptions and Manufacturing Dependence: As a semiconductor company, Lattice Semiconductor relies on third-party foundries and other suppliers for the manufacturing, assembly, and testing of its products. Any disruptions in this global supply chain, such as geopolitical events, natural disasters, manufacturing capacity constraints, or shortages of raw materials, could lead to production delays, increased costs, and an inability to meet customer demand. Such disruptions can significantly impact the company's ability to deliver products on time and at competitive prices, affecting its financial performance and customer relationships.

  3. Economic Cyclicality and Demand Fluctuations: The semiconductor industry is inherently cyclical and sensitive to global economic conditions. Demand for Lattice Semiconductor's products, which serve the communications and computing, consumer, and industrial and automotive end markets, can fluctuate significantly with macroeconomic trends. Economic downturns, reduced capital spending by customers, or shifts in consumer demand in these key markets could lead to decreased orders, excess inventory, and lower revenue and profitability for the company.

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Lattice Semiconductor (LSCC) operates in significant addressable markets for its main products, Field Programmable Gate Arrays (FPGAs) and Application Specific Standard Products (ASSPs). For their FPGA products, the global market size was valued at approximately USD 12.77 billion in 2024. This market is projected to grow to approximately USD 14.11 billion in 2025 and is expected to reach around USD 31.37 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 10.50% from 2025 to 2033. Another estimate places the global FPGA market at USD 13.8 billion in 2025, forecasting growth to USD 41.1 billion by 2035 at a CAGR of 11.7% during the forecast period of 2026-2035. Lattice Semiconductor has actively expanded its addressable market by extending its focus to mid-range FPGAs, which has effectively doubled its total addressable market. Regarding Application Specific Standard Products (ASSPs), which include video connectivity application specific standard products, the global market size reached USD 169.2 billion in 2024. This market is anticipated to grow to USD 292.9 billion by 2033, at a CAGR of 5.97% during the period of 2025-2033. Another source indicates the ASSP market is expected to grow from USD 20.00 billion in 2025 to USD 33.08 billion by 2032, with a CAGR of 6.49%. The automotive industry is a significant driver of ASSP demand, with projections of several hundred million units shipped annually by 2033. The communications sector also benefits from ASSPs, which are crucial for high-speed data transmission and enhanced network efficiency in 5G infrastructure and other advanced communication technologies.

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Expected Drivers of Future Revenue Growth for Lattice Semiconductor (LSCC)

Lattice Semiconductor (LSCC) is poised for future revenue growth over the next 2-3 years, driven by several key factors:
  • Accelerated Growth in Communications and Computing Market, particularly Data Centers and AI: Lattice Semiconductor anticipates significant revenue growth from its communications and computing segment, with an increasing focus on data centers and AI applications. Management expects this segment to grow to approximately 60% of total revenue in fiscal year 2026, up from 45% in 2024. This growth is fueled by increasing infrastructure capital expenditures, expanding design-in footprints for "companion FPGAs" alongside CPUs and AI accelerators, and the introduction of new PQC-ready devices.
  • Successful Ramps of New Product Platforms (Lattice Nexus and Avant): The introduction and broad adoption of new FPGA products, including the Certus-NX, MachXO5-NX, Avant-G, and Avant-X families, are critical drivers. These new products, developed on the Lattice Nexus and Avant platforms, are expanding the company's addressable market, increasing average selling prices (ASPs), and broadening its application footprint, particularly in small- and mid-range FPGA portfolios. New product revenue grew approximately 70% in fiscal year 2025 and is expected to reach the mid-to-high 20% range of total revenue in fiscal year 2026.
  • Recovery and Expansion in the Industrial and Automotive Markets: After a period of inventory normalization, the industrial and automotive segments are projected to recover and contribute meaningfully to revenue growth. Lattice is strategically positioned to capitalize on opportunities in the automotive industry, particularly with the rise of autonomous vehicles and in-cabin experiences through solutions like Lattice Drive, as well as in industrial automation and robotics. These sectors are expected to comprise a significant portion of Lattice's expanded market opportunity by 2028.
  • Increased Attach Rates and Higher Average Selling Prices (ASPs): Lattice is experiencing an increase in attach rates and average selling prices per customer system. This is a direct result of expanding design-in footprints across various applications, the launch of new, higher-value products, and the company's focus on low-power, high-value FPGAs in niche markets. This trend is expected to boost the dollar content per customer system, contributing to overall revenue growth.

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Share Repurchases

  • On December 5, 2025, Lattice Semiconductor's Board of Directors authorized a new stock repurchase program of up to $250 million, which became effective immediately and has no set termination date.
  • In August 2025, the company approved an additional $100 million for its existing share repurchase program, bringing the total authorized amount to $250 million.
  • Lattice Semiconductor repurchased approximately $15 million in shares during Q3 2025 and about $25 million in Q1 2025, contributing to a 3.5% reduction in its share count over a five-year period.

Share Issuance

  • Over the last three years (2023-2025), Lattice Semiconductor's shares outstanding have shown a slight decline: 0.138 billion in 2025 (a 0.06% decrease from 2024), 0.138 billion in 2024 (a 1.05% decrease from 2023), and 0.140 billion in 2023 (a 0.62% decrease from 2022).
  • Routine equity compensation, such as incentive payments to executives in March 2026 under the 2025 Corporate Incentive Plan, involves the issuance of shares, with a portion typically retained by the company for tax withholding.

Inbound Investments

  • During the third quarter (prior to March 2026), Capital Research Global Investors significantly increased its stake in Lattice Semiconductor by 66.4%, holding approximately 4,597,217 shares valued at about $337 million.
  • Other institutional investors, including William Blair Investment Management LLC and Westfield Capital Management Co. LP, also acquired new stakes during the same period, valued at approximately $102.185 million and $51.082 million, respectively.
  • Institutional investors collectively own approximately 98.08% of Lattice Semiconductor's stock.

Capital Expenditures

  • Lattice Semiconductor's capital expenditures were $13.07 million in Q3 2025.
  • The company strategically allocates capital expenditures to support Research & Development (R&D) and operational improvement initiatives.
  • These investments primarily focus on strengthening market leadership in small and mid-range FPGAs, advancing its Companion Chip strategy, and capturing demand in areas such as edge AI, industrial, automotive markets, and AI/ML algorithms for data centers.
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LSCCAMATLRCXTXNADIPOWIMedian
NameLattice .Applied .Lam Rese.Texas In.Analog D.Power In. 
Mkt Price106.29397.81258.76214.98351.3654.54236.87
Mkt Cap14.5315.5324.7195.4171.83.0183.6
Rev LTM52328,21420,56117,68211,75744414,719
Op Inc LTM158,3916,9426,1403,492104,816
FCF LTM1136,1946,2162,6034,560873,582
FCF 3Y Avg1516,6125,0451,8173,662652,739
CFO LTM1758,7197,1227,1535,0541126,088
CFO 3Y Avg1958,2505,6456,6304,482865,063

Growth & Margins

LSCCAMATLRCXTXNADIPOWIMedian
NameLattice .Applied .Lam Rese.Texas In.Analog D.Power In. 
Rev Chg LTM2.7%2.1%26.8%13.0%25.9%5.9%9.5%
Rev Chg 3Y Avg-5.5%2.4%5.1%-3.4%-0.5%-10.5%-1.9%
Rev Chg Q24.2%-2.1%22.1%10.4%30.4%-1.9%16.3%
QoQ Delta Rev Chg LTM5.7%-0.5%4.9%2.4%6.7%-0.5%3.7%
Op Mgn LTM2.9%29.7%33.8%34.7%29.7%2.3%29.7%
Op Mgn 3Y Avg14.6%29.3%30.3%36.9%27.1%4.8%28.2%
QoQ Delta Op Mgn LTM-0.3%-0.1%0.8%-0.1%2.5%1.1%0.3%
CFO/Rev LTM33.5%30.9%34.6%40.5%43.0%25.1%34.1%
CFO/Rev 3Y Avg32.6%30.1%33.2%39.2%41.1%19.8%32.9%
FCF/Rev LTM21.6%22.0%30.2%14.7%38.8%19.6%21.8%
FCF/Rev 3Y Avg24.6%24.2%29.7%10.7%33.6%15.0%24.4%

Valuation

LSCCAMATLRCXTXNADIPOWIMedian
NameLattice .Applied .Lam Rese.Texas In.Analog D.Power In. 
Mkt Cap14.5315.5324.7195.4171.83.0183.6
P/S27.811.215.811.114.66.812.9
P/EBIT951.132.345.231.348.4296.046.8
P/E4,711.140.252.339.163.5136.657.9
P/CFO83.036.245.627.334.027.135.1
Total Yield0.0%2.9%2.3%5.1%2.7%2.3%2.5%
Dividend Yield0.0%0.5%0.4%2.6%1.1%1.6%0.8%
FCF Yield 3Y Avg1.6%4.4%4.0%1.1%3.3%2.4%2.8%
D/E0.00.00.00.10.10.00.0
Net D/E-0.0-0.0-0.00.00.0-0.1-0.0

Returns

LSCCAMATLRCXTXNADIPOWIMedian
NameLattice .Applied .Lam Rese.Texas In.Analog D.Power In. 
1M Rtn15.9%15.0%20.2%8.9%10.2%21.0%15.5%
3M Rtn29.3%41.4%28.9%14.8%17.8%34.2%29.1%
6M Rtn42.5%81.2%84.0%22.0%48.7%47.0%47.8%
12M Rtn128.9%168.1%266.6%30.8%81.4%15.1%105.1%
3Y Rtn16.2%250.4%424.9%31.1%93.5%-29.1%62.3%
1M Excs Rtn15.3%14.4%19.6%8.2%9.6%20.4%14.8%
3M Excs Rtn29.4%37.7%29.0%17.9%21.7%36.9%29.2%
6M Excs Rtn46.1%87.0%83.3%21.7%49.7%44.5%47.9%
12M Excs Rtn133.8%167.3%284.2%9.2%73.4%-6.3%103.6%
3Y Excs Rtn-54.1%168.3%345.3%-37.7%22.8%-97.8%-7.4%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Core Lattice business737660   
Licensing and services  202022
Product  495389383
Total737660515408404


Net Income by Segment
$ Mil20252024202320222021
Core Lattice business259    
Total259    


Price Behavior

Price Behavior
Market Price$106.29 
Market Cap ($ Bil)14.5 
First Trading Date03/26/1990 
Distance from 52W High-0.3% 
   50 Days200 Days
DMA Price$92.83$73.83
DMA Trendupup
Distance from DMA14.5%44.0%
 3M1YR
Volatility66.3%56.2%
Downside Capture0.360.83
Upside Capture281.12215.71
Correlation (SPY)47.0%61.3%
LSCC Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta3.413.052.672.552.182.16
Up Beta0.503.012.922.182.262.16
Down Beta4.405.323.312.842.462.17
Up Capture549%400%430%459%373%1269%
Bmk +ve Days7162765139424
Stock +ve Days11203063124365
Down Capture206%128%132%174%137%113%
Bmk -ve Days12233358110323
Stock -ve Days11223363126382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSCC
LSCC177.3%60.5%1.92-
Sector ETF (XLK)55.8%25.4%1.7067.0%
Equity (SPY)29.1%17.4%1.3663.7%
Gold (GLD)61.3%27.8%1.7210.5%
Commodities (DBC)26.9%16.7%1.4120.8%
Real Estate (VNQ)17.7%15.4%0.8636.4%
Bitcoin (BTCUSD)-10.9%43.9%-0.1431.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSCC
LSCC17.6%53.9%0.50-
Sector ETF (XLK)16.8%24.7%0.6170.3%
Equity (SPY)11.4%17.0%0.5265.6%
Gold (GLD)22.2%17.8%1.0210.8%
Commodities (DBC)11.5%18.8%0.5016.4%
Real Estate (VNQ)3.7%18.8%0.1038.8%
Bitcoin (BTCUSD)3.6%56.5%0.2926.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSCC
LSCC34.4%50.7%0.78-
Sector ETF (XLK)21.7%24.3%0.8263.1%
Equity (SPY)13.9%17.9%0.6758.7%
Gold (GLD)14.1%15.9%0.747.4%
Commodities (DBC)8.5%17.6%0.4019.6%
Real Estate (VNQ)5.1%20.7%0.2136.7%
Bitcoin (BTCUSD)67.1%66.9%1.0615.6%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity5.9 Mil
Short Interest: % Change Since 22820262.1%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity136.7 Mil
Short % of Basic Shares4.3%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/10/202616.3%6.9%-5.0%
11/3/2025-13.2%-7.9%4.1%
8/4/202515.2%24.3%37.3%
5/5/2025-9.3%6.7%-9.2%
2/10/20257.7%23.4%7.6%
11/4/2024-1.4%1.3%14.4%
7/29/2024-9.4%-19.2%-14.7%
4/29/2024-10.7%-7.5%-0.8%
...
SUMMARY STATS   
# Positive141514
# Negative10910
Median Positive6.4%6.6%8.1%
Median Negative-6.2%-7.5%-4.5%
Max Positive16.3%24.3%50.1%
Max Negative-17.4%-19.2%-14.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/13/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/14/202510-K
09/30/202411/04/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/16/202410-K
09/30/202310/31/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/17/202310-K
09/30/202211/01/202210-Q
06/30/202208/02/202210-Q
03/31/202205/04/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue158.00 Mil165.00 Mil172.00 Mil15.4% Higher NewGuidance: 143.00 Mil for Q4 2025
Q1 2026 Gross Margin Percentage68.5%69.5%70.5%00Same NewGuidance: 69.5% for Q4 2025
Q1 2026 Total Operating Expenses59.00 Mil60.00 Mil61.00 Mil10.1% Higher NewGuidance: 54.50 Mil for Q4 2025
Q1 2026 Income Tax Rate4.0%5.0%6.0%25.0%1.0%Higher NewGuidance: 4.0% for Q4 2025
Q1 2026 Net Income0.340.360.3812.5% Higher NewGuidance: 0.32 for Q4 2025

Prior: Q3 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue138.00 Mil143.00 Mil148.00 Mil7.5% Higher NewActual: 133.00 Mil for Q3 2025
Q4 2025 Gross Margin68.5%69.5%70.5%00Same NewActual: 69.5% for Q3 2025
Q4 2025 Operating Expenses54.00 Mil54.50 Mil55.00 Mil2.8% Higher NewActual: 53.00 Mil for Q3 2025
Q4 2025 Income Tax Rate3.0%4.0%5.0%-27.3% Lower NewActual: 5.5% for Q3 2025
Q4 2025 Net Income0.30.320.3414.3% Higher NewActual: 0.28 for Q3 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Feanny, Tracy AnnSVP, General CounselDirectSell1219202573.449,965731,8644,534,400Form
2Desale, PravinSVP, R&DDirectSell1215202578.0983965,5188,137,603Form
3Stevens, TonyaCVP, Chief Accounting OfficerDirectSell1204202574.932,593194,2935,388,366Form
4Desale, PravinSVP, R&DDirectSell1202202569.935,708399,1487,406,263Form
5Stevens, TonyaCVP, Chief Accounting OfficerDirectSell1112202566.752,593173,0834,973,209Form