LSCC
Lattice Semiconductor Corporation

Lattice Semiconductor CorporationLSCC

Technology · Semiconductors
105.02USD
+7.13%
Nov 08, 2026
LSCC overview ready
Supplier of low-power programmable logic silicon for far-edge AI systems
LSCC is a specialized programmable-logic component supplier and enabler for far-edge AI designs, rather than a primary GPU or data-center AI-compute supplier.
Primary theme is lagging
Edge AI & Embedded Processors is lagging (-14.1pp vs SPY over 21 sessions; 1 of 5 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Cyclicality in semiconductor demand.
Market Nov 6Filing Oct 3Price action Nov 7Research Aug 21

Conviction Level

PriceAction3.4BusinessPerformance9.0BusinessQuality7.1Valuation2.9ThemeMomentum1.0Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +24% to +118% year over year. Diluted EPS moved to $0.08 from $0.02; the prior-year base is too small for a meaningful percentage. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−14.1pp
Theme return
−19.1%
Beating SPY
1 of 5
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$14.9B
Avg Volume (60D)
2.2M
60 sessions
Revenue Growth YoY
+2.7%
FY2026 vs FY2025
Gross Margin
+68.6%
Trailing twelve months
Operating Margin
+9.1%
Trailing twelve months
Free Cash Flow Yield
+1.6%
Distance from 200DMA
-9.6%
P/E
333.9x
EV / Sales
19.4x
Market metrics as of Nov 6, 2026
Financial results for the period ended Oct 3, 2026
Filed balance-sheet data as of Oct 3, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +24% to +118% year over year. Diluted EPS moved to $0.08 from $0.02; the prior-year base is too small for a meaningful percentage.

Latest reported: Q3 FY2026, ended Oct 3
Revenue growthAccelerating
+118%
$291M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +24%
  2. +42%
  3. +62%
  4. +118%
Earnings growthGrowing
$0.08
Diluted EPS $0.08 vs $0.02 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
8.2%
+9.4 pp YoY · gross margin 67.4% (-0.5 pp)

Business Quality

7.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Lattice Semiconductor Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
LSCC is a specialized programmable-logic component supplier and enabler for far-edge AI designs, rather than a primary GPU or data-center AI-compute supplier. Lattice's current business is low-power small and mid-range FPGAs, associated IP, design software, development hardware and application solution stacks.
Opportunity
Moderate opportunity
Deployment of AI-enabled industrial, automotive, robotics, vision and autonomous systems is increasing demand for power-efficient, deterministic silicon that aggregates sensor data, performs preprocessing and supports real-time inference close to where data is created.
Key risk
Cyclicality in semiconductor demand.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

Lattice Semiconductor designs, develops, and sells low-power, programmable semiconductor devices including FPGAs and related development hardware globally through its subsidiaries.

How it earns

The company generates revenue primarily through transactional sales of semiconductor products and development boards to industrial and technology customers.

Products & services
Lattice Nexus FPGA platforms
Lattice Avant mid-range FPGAs
Certus-NX and CertusPro general purpose FPGAs
Evaluation boards and development hardware
Customers & end markets
Industrial automation and robotics manufacturers
Automotive systems developers
Vision and autonomous systems integrators
Market position

Niche supplier specializing in low-power, programmable logic devices for far-edge AI applications.

Demand drivers
Medium cyclicality

Semiconductor demand is influenced by broader technology cycles and end-market adoption of AI and automation.