Tearsheet

Lattice Semiconductor (LSCC)

Market Price (12/28/2025): $76.21 | Market Cap: $10.4 Bil
Sector: Information Technology | Industry: Semiconductors

Lattice Semiconductor (LSCC)

Market Price (12/28/2025): $76.21
Market Cap: $10.4 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 25%	Trading close to highs Dist 52W High is -4.0%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 655x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 64x, P/EPrice/Earnings or Price/(Net Income) is 383x
1	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Chips, Edge AI, Show more.	Weak multi-year price returns 2Y Excs Rtn is -38%, 3Y Excs Rtn is -67%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.9%
2			Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%
4			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%
5			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 25%
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 -4.0%
3	Weak multi-year price returns 2Y Excs Rtn is -38%, 3Y Excs Rtn is -67%
4	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 655x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 64x, P/EPrice/Earnings or Price/(Net Income) is 383x
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.9%
6	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 53%
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

	12/28/25	2024	2023	2022	2021
Share Price CYE	$76.21	$56.65	$68.99	$64.88	$77.06
Market Cap CYE ($ Bil)	10.4	7.8	9.5	8.9	10.5
Total Debt ($ Bil)	0.0	0.0	0.0	0.1	0.2
Total Cash ($ Bil)	0.1	0.1	0.1	0.1	0.1
Enterprise Value ($ Bil)	10.3	7.8	9.5	9.0	10.7
Valuation Ratios
P/S TTM	21.1	15.3	12.9	13.5	20.4
P/EBIT TTM	655.5	128.5	44.4	46.8	102.3
P/E TTM	382.9	127.5	36.7	49.8	109.8
P/FCF TTM	85.6	65.0	38.1	41.3	72.1
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9	13.8

	12/28/25	2024	2023
Share Price CYE	$76.21	$56.65	$68.99
Market Cap CYE ($ Bil)	10.4	7.8	9.5
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.1	0.1	0.1
Enterprise Value ($ Bil)	10.3	7.8	9.5
Valuation Ratios
P/S TTM	21.1	15.3	12.9
P/EBIT TTM	655.5	128.5	44.4
P/E TTM	382.9	127.5	36.7
P/FCF TTM	85.6	65.0	38.1
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	LSCC	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.5
Rev Chg Q	4.9%	7.3%
Rev Chg LTM	-12.0%	6.1%
Rev Chg 3Y Avg	-5.9%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	3.2%	18.8%
CFO/Rev LTM	32.9%	20.4%
Net Inc Mgn	5.5%	13.1%
VALUATION	VERY HIGH
P/S	21.1	3.3
P/CFO	64.0	15.8
P/FCF	85.6	20.7
P/E	382.9	23.7
STABILITY	VERY GOOD
Debt/Equity	0.00	0.21
Cash/Assets	0.14	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Market Share (Low-End FPGA - Industrial and Consumer Electronics)	nearly 52%	7222024	Link
Number of Employees	1110	12282024	Link
Number of Patents Granted	3	12312024	Link

Upcoming
2/09/2026	Earnings Release	Rev: - EPS: -

LSCC Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Here are the key points explaining the 14.8% stock movement for Lattice Semiconductor (LSCC) from approximately August 31, 2025, to December 28, 2025:

1. Strong Q3 2025 Financial Performance and Optimistic Q4 Guidance: Lattice Semiconductor reported robust third-quarter 2025 results on November 3, 2025, with revenue of $133.3 million, surpassing analyst estimates, and diluted earnings per share of $0.28, matching expectations. The company also provided strong guidance for the fourth quarter of 2025, projecting revenue of approximately $143 million, which was above analyst expectations, and adjusted EPS of $0.30-$0.34. This positive outlook was supported by a record revenue in the Communications and Computing segment, which grew 21% year-over-year, driven by demand for AI and data-center applications.

2. Positive Analyst Sentiment and Upgraded Price Targets: Following the strong Q3 results, several financial analysts reiterated "Strong Buy" or "Buy" ratings for LSCC and increased their price targets. For instance, on November 4, 2025, Baird raised its price target from $60 to $75, Rosenblatt from $72 to $80, Stifel from $60 to $80, and Benchmark from $75 to $82. The consensus analyst rating for Lattice Semiconductor stock remained a "Strong Buy" around December 2025.

3. Advancements and Showcasing of AI-Centric FPGA Solutions: Lattice Semiconductor continued to highlight and enhance its AI-related product portfolio during this period. On December 18, 2025, the company announced enhancements to its sensAI Solution Stack, focusing on improved Edge AI performance, efficiency, and ease of use. Additionally, on December 22, 2025, Lattice showcased its latest FPGA technology innovations at the International VLSID Conference, underscoring its commitment to expanding its AI-centric offerings.

4. Industry Recognition with the Global Semiconductor Alliance Award: On December 5, 2025, Lattice Semiconductor was honored by being selected as the 'Most Respected Public Semiconductor Company' at the 2025 Global Semiconductor Alliance (GSA) Awards. This prestigious award, determined by votes from GSA members, recognizes companies for excellence in success, vision, strategy, and future opportunities within the semiconductor industry, boosting investor confidence.

5. Authorization of a $250 Million Stock Repurchase Program: Lattice Semiconductor announced a new $250 million stock repurchase program authorization on December 5, 2025. This move signals the company's commitment to returning value to shareholders and reflects confidence in its financial position and future prospects, which can positively influence stock performance.

Stock Movement Drivers

Fundamental Drivers

The 6.8% change in LSCC stock from 9/27/2025 to 12/27/2025 was primarily driven by a 23.8% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	71.35	76.18	6.77%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	488.63	494.89	1.28%
Net Income Margin (%)	6.48%	5.50%	-14.98%
P/E Multiple	309.21	382.75	23.79%
Shares Outstanding (Mil)	137.11	136.88	0.17%
Cumulative Contribution			6.77%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
LSCC	6.8%
Market (SPY)	4.3%	65.1%
Sector (XLK)	5.1%	66.3%

Fundamental Drivers

The 51.8% change in LSCC stock from 6/28/2025 to 12/27/2025 was primarily driven by a 184.5% change in the company's P/E Multiple.

	6282025	12272025	Change
Stock Price ($)	50.19	76.18	51.78%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	488.74	494.89	1.26%
Net Income Margin (%)	10.51%	5.50%	-47.61%
P/E Multiple	134.56	382.75	184.45%
Shares Outstanding (Mil)	137.69	136.88	0.59%
Cumulative Contribution			51.78%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
LSCC	51.8%
Market (SPY)	12.6%	47.2%
Sector (XLK)	17.0%	49.5%

Fundamental Drivers

The 29.2% change in LSCC stock from 12/27/2024 to 12/27/2025 was primarily driven by a 575.6% change in the company's P/E Multiple.

	12272024	12272025	Change
Stock Price ($)	58.96	76.18	29.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	562.58	494.89	-12.03%
Net Income Margin (%)	25.48%	5.50%	-78.39%
P/E Multiple	56.65	382.75	575.64%
Shares Outstanding (Mil)	137.71	136.88	0.60%
Cumulative Contribution			29.20%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
LSCC	29.2%
Market (SPY)	17.0%	70.7%
Sector (XLK)	24.0%	72.1%

Fundamental Drivers

The 21.9% change in LSCC stock from 12/28/2022 to 12/27/2025 was primarily driven by a 593.8% change in the company's P/E Multiple.

	12282022	12272025	Change
Stock Price ($)	62.50	76.18	21.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	626.19	494.89	-20.97%
Net Income Margin (%)	24.83%	5.50%	-77.83%
P/E Multiple	55.17	382.75	593.75%
Shares Outstanding (Mil)	137.27	136.88	0.28%
Cumulative Contribution			21.89%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
LSCC	7.4%
Market (SPY)	48.0%	65.2%
Sector (XLK)	53.5%	68.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LSCC Return	139%	68%	-16%	6%	-18%	35%	300%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
LSCC Win Rate	67%	83%	33%	67%	42%	58%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
LSCC Max Drawdown	-27%	-17%	-42%	-16%	-40%	-33%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. 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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	LSCC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-47.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	90.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	281 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-39.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	66.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	46 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-36.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	56.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	86 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-83.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	501.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	697 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lattice Semiconductor (LSCC)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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

Here are 1-3 brief analogies for Lattice Semiconductor:

Lattice Semiconductor is like the 'Qualcomm' of FPGAs (Field-Programmable Gate Arrays), specializing in power-efficient, compact chips for edge computing, IoT, and embedded vision, unlike the high-performance FPGAs from AMD (Xilinx) or Intel (Altera) typically used in data centers.
If Nvidia creates the powerful 'brains' for AI supercomputers, Lattice provides the flexible, low-power 'mini-brains' (FPGAs) that enable smart devices to perform AI and other specific tasks directly at the 'edge' of a network.

AI Analysis | Feedback

```html

Low-Power FPGAs: These are highly power-efficient field-programmable gate arrays designed for a wide range of edge computing, industrial, automotive, and consumer applications.
Embedded Vision FPGAs: Specialized FPGAs optimized for video bridging, processing, and sensor aggregation in various embedded vision systems.
Security Control FPGAs: FPGAs integrating advanced security features to protect system integrity and implement hardware root-of-trust solutions.
FPGA Development Tools: Software suites, intellectual property (IP) cores, and hardware development kits that facilitate the design, programming, and testing of their FPGA devices.

```

AI Analysis | Feedback

Lattice Semiconductor (LSCC) primarily sells its products, which are low-power field-programmable gate arrays (FPGAs) and related software solutions, to other companies. Therefore, its business model is B2B (business-to-business).

Lattice Semiconductor does not publicly disclose the specific names of its major customers. Their financial filings indicate that no single customer consistently accounts for 10% or more of their net revenue in recent years, which would typically require disclosure (often anonymized). However, Lattice Semiconductor's customer base consists of original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across several key high-growth market segments.

Based on their stated strategic focus and product applications, the major *categories* of companies that serve as Lattice Semiconductor's customers are:

Industrial & Automotive Companies: These customers integrate Lattice FPGAs into a wide range of products for industrial automation, robotics, machine vision, smart factories, advanced driver-assistance systems (ADAS), infotainment systems, and other automotive applications. These companies typically include major industrial equipment manufacturers, industrial automation specialists, and Tier 1 automotive suppliers.
Communications & Compute Companies: This segment includes manufacturers of 5G infrastructure equipment, data center hardware (e.g., servers, storage, networking equipment), enterprise networking solutions, and client computing devices (e.g., laptops, PCs). These companies use Lattice FPGAs for control, bridging, security, and acceleration functions.
Consumer Edge Companies: Customers in this category develop products for the smart home, wearables, drones, security cameras, and other edge AI applications. Lattice's low-power FPGAs are well-suited for these battery-sensitive and space-constrained devices.

While specific customer names are not publicly disclosed by Lattice Semiconductor, these categories represent the types of companies that are its major customers.

AI Analysis | Feedback

```html

Taiwan Semiconductor Manufacturing Company Limited (TSM)
United Microelectronics Corporation (UMC)
Amkor Technology (AMKR)
ASE Technology Holding Co., Ltd. (ASX)

```

AI Analysis | Feedback

Here is the management team of Lattice Semiconductor:

Esam Elashmawi, Interim Chief Executive Officer & Chief Strategy & Marketing Officer

Esam Elashmawi was appointed Interim Chief Executive Officer of Lattice Semiconductor in June 2024. He also serves as the Chief Strategy & Marketing Officer. Prior to joining Lattice in 2018, he was Senior Vice President and General Manager at Microsemi Corporation, which acquired Actel Corporation where he served as Vice President of Product Development. Earlier in his career, Mr. Elashmawi co-founded SiliconExpert Technologies, a component management software company that was later acquired by Arrow Electronics.

Lorenzo Flores, Senior Vice President & Chief Financial Officer

Lorenzo Flores has been the Senior Vice President and Chief Financial Officer of Lattice Semiconductor since February 2025. Before joining Lattice, he served as the Chief Financial Officer of Intel Foundry at Intel Corporation. Mr. Flores also held the position of Vice Chairman of KIOXIA Holdings Corporation and previously served as Chief Financial Officer for Xilinx, Inc. from May 2016 to November 2019.

Stephen Douglass, Chief Technology Officer

Stephen Douglass is the Chief Technology Officer at Lattice Semiconductor, a role he assumed in January 2018. He has over 30 years of experience in the semiconductor industry, with previous leadership roles at Xilinx, including Corporate Vice President of Customer Technology Deployment and Vice President of Product Development. Mr. Douglass also served as Business Unit Director at Cypress Semiconductor and began his career as a Circuit Design Engineer at Intel Corporation. He holds 23 U.S. and international patents for FPGA and PLD architectures and circuits.

Tracy Feanny, Senior Vice President, General Counsel & Secretary

Tracy Feanny serves as the Senior Vice President, General Counsel & Secretary at Lattice Semiconductor.

Divyesh Shah, Senior Vice President, Global Operations and Quality

Divyesh Shah is the Senior Vice President of Global Operations and Quality at Lattice Semiconductor.

AI Analysis | Feedback

Key Risks to Lattice Semiconductor's Business

Lattice Semiconductor (LSCC) faces several significant risks, primarily stemming from its global market exposure, intense industry competition, and the inherent cyclicality of the semiconductor sector.

Geopolitical Tensions and International Trade: A substantial portion of Lattice Semiconductor's revenue, over 60% in some periods, originates from Asia, with a significant concentration in China. This high dependence on international sales exposes the company to considerable risks from geopolitical tensions, trade disputes, tariffs, and changes in trade policies. Such factors can directly impact the cost of goods, limit market access, and disrupt crucial supply chains.
Intense Competitive Landscape: Lattice Semiconductor operates in a highly competitive industry, vying with much larger entities such as Intel (which owns Altera) and AMD (which owns Xilinx). These larger competitors possess significantly greater resources and pricing power, particularly in the mid-range and high-end FPGA markets that Lattice is actively trying to penetrate with new product platforms. This competitive pressure could constrain the growth and market share of Lattice's new offerings.
Cyclical Nature of the Semiconductor Industry and Demand Volatility: The semiconductor industry is inherently cyclical, making demand for Lattice's products highly sensitive to global economic conditions. The company has experienced revenue declines due to broader market corrections and an inventory overhang from 2024, which management anticipates will normalize by the end of 2025. Persistent weakness in segments like Industrial and Automotive, alongside a sluggish manufacturing sector, further contributes to demand uncertainty and potential revenue fluctuations.

AI Analysis | Feedback

null

AI Analysis | Feedback

Lattice Semiconductor (LSCC) has significantly expanded its addressable markets through its product portfolio, primarily focusing on low-power Field-Programmable Gate Arrays (FPGAs).

The company's total addressable market (TAM) expanded to $6 billion with the introduction of its Lattice Avant platform. Looking ahead, Lattice Semiconductor projects its total addressable market to reach approximately $10 billion by 2028.

This projected $10 billion market opportunity is segmented as follows: approximately half, or $5 billion, is anticipated from the industrial and automotive markets, and about 40%, or $4 billion, from the communications and computing markets.

Lattice Semiconductor's main products, based on its Lattice Nexus (small FPGA) and Lattice Avant (mid-range FPGA) platforms, are key drivers for this market expansion. These products serve diverse applications across several high-growth areas, including data center servers, client computing, 5G wireless infrastructure, industrial robotics, automotive electronics, and various consumer markets. The increasing adoption of AI and the demand for secure computing further contribute to the growth of these markets.

While specific regional breakdowns for the stated dollar values are not provided, Lattice Semiconductor operates and sells its products globally, with a presence in Asia, Europe, and the Americas, and the majority of its sales derived from customers in Asia. Therefore, the identified addressable market sizes are implicitly global.

AI Analysis | Feedback

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 with AI Adoption: Lattice Semiconductor anticipates significant revenue expansion within its communications and computing segment, particularly fueled by the increasing adoption of artificial intelligence (AI) and data center infrastructure. Management projects AI usage across its products to reach the high teens in 2025 and the mid-20% range in 2026, with this segment expected to contribute over 60% of total revenue by 2026. This growth is attributed to strong demand from general purpose and AI servers.
New Product Introductions and Portfolio Expansion: The company's ongoing strategy of new product introductions and the expansion of its product portfolio, notably with the Lattice Nexus and Avant platforms, are crucial growth drivers. The Avant platform, an innovative mid-range FPGA solution, is designed to significantly broaden Lattice's product capabilities and address new applications, thereby expanding its total addressable market. These new product lines, including application-specific software solution stacks, are leading to record design wins.
Recovery and Expansion in Industrial and Automotive Markets: While facing some near-term inventory normalization, Lattice Semiconductor expects a rebound and continued growth in its industrial and automotive end markets. The company anticipates channel inventory normalization by the end of 2025 and is confident in gaining market share across various applications, including smart factory, robotics, medical, and aerospace and defense. This segment has historically shown double-digit growth.
Increasing Adoption of Post-Quantum Cryptography (PQC) Technology: Lattice is strategically positioned to benefit from the accelerating adoption of its Post-Quantum Cryptography (PQC) technology. This is driven by regulatory requirements, such as the NIST mandate for systems to be CNSA compliant, which is boosting demand for Lattice’s low-power data center and security solutions.

AI Analysis | Feedback

Share Repurchases

Lattice Semiconductor authorized an additional $100 million stock repurchase program through December 2025.
Since the fourth quarter of 2020, the company has repurchased approximately 6 million shares, reducing dilution by 4.3%.
Through the first nine months of 2025, Lattice repurchased approximately $86 million of common stock.

Outbound Investments

Lattice Semiconductor's most recent acquisition was Mirametrix in November 2021, a developer of hardware and software for eye tracking.
The company has averaged 0.2 acquisitions per year over the last five years (2019-2024), with no acquisitions completed in the current calendar year.

Capital Expenditures

Capital expenditures were approximately $21.0 million in fiscal year 2024 and $20.1 million in fiscal year 2023.
The company strategically invests in capital expenditures to support its product roadmap and operational improvement projects.
Lattice's capital expenditures margin reached a peak of 5.4% in June 2025.

Better Bets than Lattice Semiconductor (LSCC)

Amazon.com

TSLA (0.3%)

Tesla

		Best Bets In Information Technology Sector
	LSCC	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	382.8	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	655.3	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	4.9%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	-12.0%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-5.9%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	27.3%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Lattice Semiconductor Earnings Notes
2	Lattice Semiconductor Earnings Notes
3	Would You Still Hold Lattice Semiconductor Stock If It Fell 30%?	Return
4	Lattice Semiconductor Stock vs Competition: Who Wins?	Peer Comparison
5	Better Bet Than LSCC Stock: Pay Less Than Lattice Semiconductor To Get More From NVDA, MSFT
6	Better Bet Than LSCC Stock: Pay Less Than Lattice Semiconductor To Get More From NVDA, MSFT
7	Better Bet Than LSCC Stock: Pay Less Than Lattice Semiconductor To Get More From NVDA, AVGO
8	LSCC Dip Buy Analysis
9	Lattice Semiconductor Total Shareholder Return (TSR): -14.5% in 2024 and -8.5% 3-yr compounded annual returns (below peer average)
10	Day 6 of Gains Streak for Lattice Semiconductor Stock with 26% Return (vs. 19% YTD) [2/19/2025]	Notification

	Title
0	ARTICLES

Trade Ideas

Select ideas related to LSCC. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%
LSCC_8312024_Dip_Buyer_High_CFO_Margins_ExInd_DE	08312024	LSCC	Lattice Semiconductor	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	31.6%	40.2%	-20.1%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Lattice Semiconductor

Peers to compare with:

Financials

	LSCC	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Lattice .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	76.18	23.26	24.49	305.09	78.16	273.40	77.17
Mkt Cap	10.4	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	495	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	16	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	122	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	169	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	163	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	203	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	LSCC	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Lattice .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	-12.0%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	-5.9%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	4.9%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	1.3%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	3.2%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	17.2%	7.4%	7.2%	16.4%	24.2%	30.8%	16.8%
QoQ Delta Op Mgn LTM	-3.1%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	32.9%	6.7%	8.5%	20.6%	23.8%	26.6%	22.2%
CFO/Rev 3Y Avg	33.4%	6.8%	12.7%	21.4%	26.1%	28.4%	23.8%
FCF/Rev LTM	24.6%	5.1%	1.8%	18.1%	22.1%	23.5%	20.1%
FCF/Rev 3Y Avg	27.3%	5.5%	4.6%	18.6%	24.6%	25.6%	21.6%

Valuation

	LSCC	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Lattice .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	10.4	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	21.1	0.4	1.0	4.4	5.4	10.0	4.9
P/EBIT	655.3	6.8	19.9	25.1	22.5	31.3	23.8
P/E	382.8	8.6	572.7	36.0	29.9	41.0	38.5
P/CFO	64.0	5.9	11.2	21.1	22.5	37.5	21.8
Total Yield	0.3%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	1.7%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.0	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	LSCC	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Lattice .	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	8.8%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	6.8%	-11.9%	2.7%	7.9%	17.0%	7.1%	6.9%
6M Rtn	51.8%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	29.2%	-27.0%	16.2%	40.5%	34.5%	7.5%	22.7%
3Y Rtn	21.9%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	9.7%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	2.5%	-16.2%	-1.7%	3.6%	12.7%	2.8%	2.6%
6M Excs Rtn	39.5%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	10.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	5.0%
3Y Excs Rtn	-66.8%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

Comparison Analyses

	Title
0	Lattice Semiconductor Stock vs Competition: Who Wins?
1	Lattice Semiconductor vs. Texas Instruments: With Return Forecast Of 7.5%, Lattice Semiconductor Is A Better Bet
2	Lattice Semiconductor vs. Applied Materials: With Return Forecast Of 9.7%, Applied Materials Is A Better Bet
3	AMKR or LSCC - With -0.8% Return Forecast, LSCC Probably Deserves Your Money
4	Lattice Semiconductor vs. Universal Display: With Return Forecast Of 76%, Universal Display Is A Better Bet
5	Lattice Semiconductor vs. Novocure Limited: With Return Forecast Of 105%, Novocure Limited Is A Better Bet
6	Lattice Semiconductor vs. Planet Fitness: With Return Forecast Of 59%, Planet Fitness Is A Better Bet
7	Lattice Semiconductor vs. United Therapeutics: Similar Market Cap, But United Therapeutics Is A Better Bet
8	Lattice Semiconductor vs. Bausch Health Companies: Similar Market Cap, But Bausch Health Companies Is A Better Bet
9	Lattice Semiconductor vs. Sensata Technologies: Similar Market Cap, But Sensata Technologies Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End	9/27/2025	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019
Filing Date	11/3/2025	2/14/2025	2/16/2024	2/17/2023	2/23/2022	2/26/2021	2/24/2020
Key Financials
Total Revenue	495	509	737	660	515	408	404
EBITDA	60	107	255	226	134	83	96
Operating Income	16	61	214	190	103	56	64
Net Income	27	61	259	179	96	47	43
EPS	0.20	0.44	1.88	1.30	0.70	0.35	0.33
Growth Rates
Total Revenue Growth	-12.0%	-30.9%	11.6%	28.1%	26.3%	1.0%	1.3%
EBITDA Growth	-59.1%	-58.1%	12.9%	68.9%	60.9%	-13.0%	166.5%
Operating Income Growth	-84.3%	-71.7%	12.5%	85.0%	82.8%	-11.6%	125.5%
Net Income Growth	-81.0%	-76.4%	44.8%	86.5%	102.4%	9.0%	265.2%
Margins
EBITDA Margin	12.1%	21.0%	34.6%	34.3%	26.0%	20.4%	23.7%
Operating Income Margin	3.2%	11.9%	29.1%	28.8%	20.0%	13.8%	15.8%
Net Income Margin	5.5%	12.0%	35.1%	27.1%	18.6%	11.6%	10.8%
Cash & Debt
Total Cash	118	136	128	146	132	182	118
Total Debt	20	15	16	149	183	194	173
Net Debt / (Cash)	-98	-121	-112	3	51	11	55
Cash Flows
Net Cash from Operations	163	141	270	239	168	92	124
Free Cash from Operations	122	120	249	215	146	71	99
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	106	67	80	110	70	15	-0

$ Mil \| FY: 12/28	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	11/3/2025	8/4/2025	5/5/2025	2/14/2025	11/4/2024	7/30/2024	4/30/2024	2/16/2024	10/31/2023	8/1/2023	5/2/2023	2/17/2023
Key Financials Quarterly
Total Revenue	133	124	120	117	127	124	141	171	192	190	184	176
Ebitda	10	17	18	15	26	36	29	55	69	63	69	63
Operating Income	-1	6	7	3	14	25	18	44	58	53	59	54
Net Income	3	3	5	17	7	23	15	99	54	51	56	52
EPS	0.02	0.02	0.04	0.12	0.05	0.16	0.11	0.72	0.39	0.37	0.41	0.38
Key Financials TTM
Total Revenue TTM	495	489	489	509	563	628	694	737	743	723	694	660
Ebitda TTM	60	76	96	107	146	189	216	255	264	255	248	226
Operating Income TTM	16	31	50	61	101	145	173	214	225	217	211	190
Net Income TTM	27	32	51	61	143	190	218	259	212	205	199	179
Growth Rates Quarterly
Total Revenue Growth	4.9%	-0.1%	-14.7%	-31.2%	-33.9%	-34.7%	-23.6%	-3.0%	11.4%	17.8%	22.5%	24.1%
EBITDA Growth	-62.4%	-53.3%	-38.5%	-72.5%	-61.8%	-42.4%	-57.5%	-14.0%	14.8%	13.2%	47.8%	56.2%
Operating Income Growth	-103.7%	-74.6%	-60.5%	-93.5%	-75.3%	-52.5%	-69.1%	-19.3%	14.3%	12.7%	54.6%	72.2%
Net Income Growth	-61.1%	-87.1%	-66.1%	-83.3%	-86.6%	-55.3%	-73.5%	90.1%	16.0%	13.7%	55.0%	81.9%
Margins Quarterly
EBITDA Margin	7.4%	13.7%	15.0%	12.8%	20.7%	29.3%	20.8%	32.0%	35.8%	33.2%	37.4%	36.0%
Operating Income Margin	-0.4%	5.2%	6.0%	2.4%	11.4%	20.3%	13.0%	25.6%	30.4%	27.9%	32.1%	30.7%
Net Income Margin	2.1%	2.3%	4.2%	14.1%	5.7%	18.2%	10.5%	57.9%	28.0%	26.6%	30.3%	29.5%
Cash & Debt
Total Cash	118	107	128	136	124	109	107	128	114	104	112	146
Total Debt	20	22	22	15	18	19	19	16	18	61	122	149
Net Debt / (Cash)	-98	-85	-106	-121	-107	-90	-89	-112	-96	-43	10	3
Cash Flows Quarterly
FCF from Operations	47	39	32	45	44	22	30	72	82	71	45	82
Cash Flows TTM
FCF from Operations TTM	163	160	143	141	167	206	254	270	280	261	240	239
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	15	46	25	20	17	10	20	50	10	10	10	20
Return on Invested Capital (ROIC) Quarterly
ROIC	-0.5%	3.8%	4.7%	3.0%	12.5%	22.6%	14.1%	40.4%	45.2%	37.7%	39.0%	35.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	4.1%	8.0%	12.8%	15.9%	25.1%	34.4%	40.2%	49.6%	44.7%	39.3%	35.6%	31.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Core Lattice business	737	660
Licensing and services			20	20	22
Product			495	389	383
Total	737	660	515	408	404

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Core Lattice business	259
Total	259

Price Behavior

Price Behavior

Market Price	$76.18
Market Cap ($ Bil)	10.4
First Trading Date	03/26/1990
Distance from 52W High	-4.0%
	50 Days	200 Days
DMA Price	$70.74	$59.91
DMA Trend	up	up
Distance from DMA	7.7%	27.1%
	3M	1YR
Volatility	48.7%	58.7%
Downside Capture	298.06	191.74
Upside Capture	272.03	188.40
Correlation (SPY)	64.5%	70.6%

LSCC Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.36	2.32	2.17	1.76	2.09	2.09
Up Beta	3.11	2.28	1.92	1.81	2.25	2.15
Down Beta	2.26	2.21	2.34	2.73	2.30	2.04
Up Capture	183%	219%	223%	203%	293%	1092%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	19	31	61	119	367
Down Capture	242%	245%	214%	101%	137%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	23	31	63	128	379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of LSCC With Other Asset Classes (Last 1Y)
	LSCC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	31.6%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	58.4%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.69	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		72.1%	70.6%	2.7%	29.3%	40.5%	32.6%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of LSCC With Other Asset Classes (Last 5Y)
	LSCC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.5%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	53.6%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.41	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		71.1%	66.4%	10.0%	16.1%	39.7%	29.2%

Based On 10-Year Data

		Comparison of LSCC With Other Asset Classes (Last 10Y)
	LSCC	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	29.0%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	50.8%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.70	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		61.9%	57.9%	5.8%	20.0%	36.8%	17.3%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	10,096,272
Short Interest: % Change Since 11302025	-13.3%
Average Daily Volume	2,044,765
Days-to-Cover Short Interest	4.94
Basic Shares Quantity	136,877,000
Short % of Basic Shares	7.4%

Returns Analyses

	Title
0	Would You Still Hold Lattice Semiconductor Stock If It Fell 30%?
1	Lattice Semiconductor Stock Return Comparison

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2025	-13.2%	-7.9%	4.1%
8/4/2025	15.2%	24.3%	37.3%
5/5/2025	-9.3%	6.7%	-9.2%
2/10/2025	7.7%	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%
2/12/2024	1.8%	1.6%	9.8%
...
SUMMARY STATS
# Positive	14	15	14
# Negative	10	9	10
Median Positive	6.3%	3.9%	8.1%
Median Negative	-6.2%	-7.5%	-6.6%
Max Positive	15.2%	24.3%	50.1%
Max Negative	-17.4%	-19.2%	-21.3%

	Forward Returns
11/3/2025	-13.2%	-7.9%	4.1%
8/4/2025	15.2%	24.3%	37.3%
5/5/2025	-9.3%	6.7%	-9.2%
2/10/2025	7.7%	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%
2/12/2024	1.8%	1.6%	9.8%
10/30/2023	-17.4%	-16.0%	-12.2%
7/31/2023	2.2%	2.5%	3.7%
5/1/2023	2.5%	3.6%	-0.4%
2/13/2023	7.9%	-0.1%	8.1%
10/31/2022	8.4%	9.7%	50.1%
8/1/2022	2.5%	3.2%	-11.5%
5/3/2022	5.7%	-7.9%	8.1%
2/15/2022	6.9%	-5.2%	-0.9%
11/2/2021	5.8%	10.5%	2.7%
8/3/2021	-0.2%	3.9%	6.5%
5/4/2021	1.6%	-2.4%	6.7%
2/16/2021	-2.9%	-5.7%	-2.3%
10/27/2020	-3.2%	6.6%	19.6%
7/28/2020	-2.9%	1.6%	-4.1%
4/28/2020	14.1%	9.0%	25.3%
2/11/2020	6.8%	1.7%	-21.3%
SUMMARY STATS
# Positive	14	15	14
# Negative	10	9	10
Median Positive	6.3%	3.9%	8.1%
Median Negative	-6.2%	-7.5%	-6.6%
Max Positive	15.2%	24.3%	50.1%
Max Negative	-17.4%	-19.2%	-21.3%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11032025	10-Q 9/27/2025
6302025	8042025	10-Q 6/28/2025
3312025	5052025	10-Q 3/29/2025
12312024	2142025	10-K 12/28/2024
9302024	11042024	10-Q 9/28/2024
6302024	7302024	10-Q 6/29/2024
3312024	4302024	10-Q 3/30/2024
12312023	2162024	10-K 12/30/2023
9302023	10312023	10-Q 9/30/2023
6302023	8012023	10-Q 7/1/2023
3312023	5022023	10-Q 4/1/2023
12312022	2172023	10-K 12/31/2022
9302022	11012022	10-Q 10/1/2022
6302022	8022022	10-Q 7/2/2022
3312022	5042022	10-Q 4/2/2022
12312021	2232022	10-K 1/1/2022

Insider Activity

Expand for Morenull

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Lattice Semiconductor (LSCC)

Market Price (12/28/2025): $76.21 | Market Cap: $10.4 BilSector: Information Technology | Industry: Semiconductors

Lattice Semiconductor (LSCC)

Market Price (12/28/2025): $76.21Market Cap: $10.4 BilSector: Information TechnologyIndustry: Semiconductors

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

Valuation, Metrics & Events

LSCC Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Lattice Semiconductor (LSCC)

Key Risks to Lattice Semiconductor's Business

Interactive Breakdown

Better Bets than Lattice Semiconductor (LSCC)

INDUSTRY: Semiconductors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LSCC: -5.9% | 21.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LSCC: -5.9% | 655.3x)

Higher Rev Chg LTM (Value for LSCC: -12.0%)

Higher Rev Chg 3Y Avg (Value for LSCC: -5.9%)

Higher Op Mgn LTM (Value for LSCC: 3.2%)

Higher CFO/Rev LTM (Value for LSCC: 32.9%)

Higher FCF/Rev LTM (Value for LSCC: 24.6%)

Higher Total Yield (Value for LSCC: 0.3%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for LSCC: -5.9% | 21.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LSCC: -5.9% | 655.3x)

Higher Rev Chg LTM (Value for LSCC: -12.0%)

Higher Rev Chg 3Y Avg (Value for LSCC: -5.9%)

Higher Op Mgn LTM (Value for LSCC: 3.2%)

Higher CFO/Rev LTM (Value for LSCC: 32.9%)

Higher FCF/Rev LTM (Value for LSCC: 24.6%)

Higher Total Yield (Value for LSCC: 0.3%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LSCC: -5.9% | 21.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LSCC: -5.9% | 655.3x)

Higher Rev Chg LTM (Value for LSCC: -12.0%)

Higher Rev Chg 3Y Avg (Value for LSCC: -5.9%)

Higher Op Mgn LTM (Value for LSCC: 3.2%)

Higher CFO/Rev LTM (Value for LSCC: 32.9%)

Higher FCF/Rev LTM (Value for LSCC: 24.6%)

Higher Total Yield (Value for LSCC: 0.3%)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Lattice Semiconductor

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Market Price (12/28/2025): $76.21 | Market Cap: $10.4 Bil
Sector: Information Technology | Industry: Semiconductors

Market Price (12/28/2025): $76.21
Market Cap: $10.4 Bil
Sector: Information Technology
Industry: Semiconductors