Lattice Semiconductor Q4 2025 Earnings Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy LSCC?
Source: seekingalpha
- Significant Revenue Growth: Lattice Semiconductor reported Q4 2025 revenue of $145.8 million, reflecting a 9.3% quarter-over-quarter increase and a 24.2% year-over-year rise, marking the strongest quarterly performance in seven years and showcasing the company's robust recovery and execution.
- Surge in New Product Revenue: New product revenue grew approximately 70% in 2025 and is expected to reach the mid-20% range of total revenue in 2026, indicating strong demand and broad applications for low-power FPGAs, further solidifying the company's market position.
- Optimistic Outlook: Management guided Q1 2026 revenue to range between $158 million and $172 million, representing over 37% year-over-year growth, with a gross margin expectation of 69.5%, demonstrating confidence in future growth and a positive market outlook.
- Share Repurchase Program: The company repurchased approximately 1.8 million shares for $100 million in 2025 and authorized an additional $250 million repurchase program, reflecting recognition of its own value and commitment to shareholders.
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Analyst Views on LSCC
Wall Street analysts forecast LSCC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LSCC is 80.11 USD with a low forecast of 74.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
0 Hold
1 Sell
Strong Buy
Current: 87.540
Low
74.00
Averages
80.11
High
85.00
Current: 87.540
Low
74.00
Averages
80.11
High
85.00
About LSCC
Lattice Semiconductor Corporation develops technologies and monetizes through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. The Company is focused on solving customer problems across the network, from the Edge to the Cloud, in the communications, computing, industrial, automotive and consumer markets. It also serves its customers with intellectual property (IP) licensing and various other services. The Company's product development activities include new proprietary products, advanced packaging, existing product enhancements, software development tools, soft IP, and system solutions for high-growth applications, such as Edge Artificial Intelligence (AI), fifth generation (5G) infrastructure, platform security, and factory automation. Its field programmable gate array (FPGA) devices enable it to provide its customers with a growing base of control, connect, and compute technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lattice Semiconductor Q4 2025 Earnings Highlights
- Significant Revenue Growth: Lattice Semiconductor reported Q4 2025 revenue of $145.8 million, reflecting a 9.3% quarter-over-quarter increase and a 24.2% year-over-year rise, marking the strongest quarterly performance in seven years and showcasing the company's robust recovery and execution.
- Surge in New Product Revenue: New product revenue grew approximately 70% in 2025 and is expected to reach the mid-20% range of total revenue in 2026, indicating strong demand and broad applications for low-power FPGAs, further solidifying the company's market position.
- Optimistic Outlook: Management guided Q1 2026 revenue to range between $158 million and $172 million, representing over 37% year-over-year growth, with a gross margin expectation of 69.5%, demonstrating confidence in future growth and a positive market outlook.
- Share Repurchase Program: The company repurchased approximately 1.8 million shares for $100 million in 2025 and authorized an additional $250 million repurchase program, reflecting recognition of its own value and commitment to shareholders.
See More
Lattice Semiconductor Q4 Earnings Beat Expectations with Strong 2026 Outlook
- Strong Earnings Report: Lattice Semiconductor reported a Q4 non-GAAP EPS of $0.32, in line with expectations, while revenue reached $145.79 million, reflecting a 24.2% year-over-year increase and beating estimates by $2.61 million, indicating robust growth in the semiconductor market.
- Q1 2026 Revenue Outlook: The company anticipates Q1 2026 revenue between $158 million and $172 million, exceeding the consensus estimate of $148.16 million, reflecting optimistic demand forecasts that could drive further stock price appreciation.
- Gross Margin Expectations: The expected gross margin for Q1 2026 is projected at 69.5%, plus or minus 1%, which will enhance profitability and bolster investor confidence in the company's financial health.
- Operating Expenses and Tax Rate Projections: Operating expenses for Q1 2026 are expected to range from $59 million to $61 million, with a non-GAAP income tax rate projected between 4% and 6%, influencing net income, which is expected to be between $0.34 and $0.38 per share, surpassing the consensus of $0.33.
See More
Lattice Semiconductor Set to Announce Q4 Earnings
- Earnings Announcement Schedule: Lattice Semiconductor is set to release its Q4 earnings on February 10th after market close, with consensus EPS estimate at $0.32 and revenue expected at $143.18 million, reflecting a 21.9% year-over-year growth, which will provide critical performance insights for investors.
- Historical Performance Review: Over the past two years, Lattice has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, indicating a degree of stability and reliability in its financial performance that could influence investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen one upward revision with no downward adjustments, while revenue estimates have experienced two upward revisions and no declines, reflecting optimistic market sentiment regarding Lattice's future performance, potentially driving stock price increases.
- Industry Outlook: Semiconductor sales are projected to approach $1 trillion globally by 2026, and as a participant in this sector, Lattice Semiconductor may benefit significantly, especially if it demonstrates strong growth potential in the upcoming earnings report.
See More
Lattice Semiconductor to Showcase Innovations at FPGA Forum 2026
- Exhibition Plan: Lattice Semiconductor will showcase its low-power FPGA solutions at the FPGA Forum 2026 in Trondheim, Norway, from February 11-12, aiming to attract a broader range of developers and spark new application possibilities.
- Keynote Presentation: Eleena Ong, Corporate VP of Software Solutions and Applications Engineering, will deliver a keynote on February 11 at 9:30 a.m., discussing how rapidly maturing AI technologies can transform FPGA platforms into innovation canvases, driving industry advancement.
- Technical Showcase: The company will host a technical presentation and demo, focusing on how its low-power FPGAs are advancing connectivity and edge AI applications, further solidifying its leadership position in the market.
- Industry Gathering: The FPGA Forum serves as an annual gathering for FPGA designers, project managers, and technical managers, and Lattice's participation will enhance its influence in the rapidly evolving FPGA market.
See More
Susquehanna Raises Price Targets for Multiple Semiconductor Stocks
- Semiconductor Outlook: Analysts expect a better-than-seasonal outlook for Q1 2024 in the semiconductor sector, primarily driven by AI demand, indicating signs of industry recovery despite variations across companies and regions.
- PC Market Performance: The PC market exceeded expectations in Q4, particularly in December, as original design manufacturers built inventory ahead of anticipated memory price increases, reflecting optimistic sentiment about future demand.
- Smartphone Shipment Trends: While overall smartphone shipments were in line with expectations, Apple's performance was better than anticipated, with a decline of only 8% compared to a prior estimate of 15%, positively impacting Apple's semiconductor suppliers.
- Data Center Demand: Nvidia confirmed that its AI-related backlog for 2025/2026 has surpassed $500 billion, highlighting strong demand in the data center market and further enhancing growth potential for the semiconductor industry.
See More
RBC Projects Semiconductor Revenue from AI to Exceed $550 Billion by 2028
- Market Growth Outlook: RBC Capital Markets anticipates semiconductor revenue from AI applications to surge from $220 billion in 2025 to over $550 billion by 2028, indicating robust market potential that will drive investments and R&D in related companies.
- Supply Chain Challenges: Analysts noted that tight supply has led management to highlight 18-month backlogs, and while infrastructure constraints may delay some projects, they could ultimately help smooth the AI spending cycle, positively impacting long-term industry growth.
- High Bandwidth Memory Demand: The demand for high-bandwidth memory is expected to be a key driver, with Pajjuri noting that AI workloads are shifting towards reinforced learning and distributed inferencing, which are memory-intensive, leading to a forecast of memory demand outpacing supply until 2027.
- Equipment Investment Outlook: RBC also predicts strong spending on wafer fabrication equipment over the next two years, with technology trends such as back-side power, advanced packaging, and 3D structures expected to drive the equipment market to grow at least at a high single-digit rate, further enhancing the semiconductor industry's investment appeal.
See More
Lattice Semiconductor Q4 2025 Earnings Highlights
- Significant Revenue Growth: Lattice Semiconductor reported Q4 2025 revenue of $145.8 million, reflecting a 9.3% quarter-over-quarter increase and a 24.2% year-over-year rise, marking the strongest quarterly performance in seven years and showcasing the company's robust recovery and execution.
- Surge in New Product Revenue: New product revenue grew approximately 70% in 2025 and is expected to reach the mid-20% range of total revenue in 2026, indicating strong demand and broad applications for low-power FPGAs, further solidifying the company's market position.
- Optimistic Outlook: Management guided Q1 2026 revenue to range between $158 million and $172 million, representing over 37% year-over-year growth, with a gross margin expectation of 69.5%, demonstrating confidence in future growth and a positive market outlook.
- Share Repurchase Program: The company repurchased approximately 1.8 million shares for $100 million in 2025 and authorized an additional $250 million repurchase program, reflecting recognition of its own value and commitment to shareholders.
See More
Lattice Semiconductor Q4 Earnings Beat Expectations with Strong 2026 Outlook
- Strong Earnings Report: Lattice Semiconductor reported a Q4 non-GAAP EPS of $0.32, in line with expectations, while revenue reached $145.79 million, reflecting a 24.2% year-over-year increase and beating estimates by $2.61 million, indicating robust growth in the semiconductor market.
- Q1 2026 Revenue Outlook: The company anticipates Q1 2026 revenue between $158 million and $172 million, exceeding the consensus estimate of $148.16 million, reflecting optimistic demand forecasts that could drive further stock price appreciation.
- Gross Margin Expectations: The expected gross margin for Q1 2026 is projected at 69.5%, plus or minus 1%, which will enhance profitability and bolster investor confidence in the company's financial health.
- Operating Expenses and Tax Rate Projections: Operating expenses for Q1 2026 are expected to range from $59 million to $61 million, with a non-GAAP income tax rate projected between 4% and 6%, influencing net income, which is expected to be between $0.34 and $0.38 per share, surpassing the consensus of $0.33.
See More
Lattice Semiconductor Set to Announce Q4 Earnings
- Earnings Announcement Schedule: Lattice Semiconductor is set to release its Q4 earnings on February 10th after market close, with consensus EPS estimate at $0.32 and revenue expected at $143.18 million, reflecting a 21.9% year-over-year growth, which will provide critical performance insights for investors.
- Historical Performance Review: Over the past two years, Lattice has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, indicating a degree of stability and reliability in its financial performance that could influence investor confidence.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen one upward revision with no downward adjustments, while revenue estimates have experienced two upward revisions and no declines, reflecting optimistic market sentiment regarding Lattice's future performance, potentially driving stock price increases.
- Industry Outlook: Semiconductor sales are projected to approach $1 trillion globally by 2026, and as a participant in this sector, Lattice Semiconductor may benefit significantly, especially if it demonstrates strong growth potential in the upcoming earnings report.
See More
Lattice Semiconductor to Showcase Innovations at FPGA Forum 2026
- Exhibition Plan: Lattice Semiconductor will showcase its low-power FPGA solutions at the FPGA Forum 2026 in Trondheim, Norway, from February 11-12, aiming to attract a broader range of developers and spark new application possibilities.
- Keynote Presentation: Eleena Ong, Corporate VP of Software Solutions and Applications Engineering, will deliver a keynote on February 11 at 9:30 a.m., discussing how rapidly maturing AI technologies can transform FPGA platforms into innovation canvases, driving industry advancement.
- Technical Showcase: The company will host a technical presentation and demo, focusing on how its low-power FPGAs are advancing connectivity and edge AI applications, further solidifying its leadership position in the market.
- Industry Gathering: The FPGA Forum serves as an annual gathering for FPGA designers, project managers, and technical managers, and Lattice's participation will enhance its influence in the rapidly evolving FPGA market.
See More
Susquehanna Raises Price Targets for Multiple Semiconductor Stocks
- Semiconductor Outlook: Analysts expect a better-than-seasonal outlook for Q1 2024 in the semiconductor sector, primarily driven by AI demand, indicating signs of industry recovery despite variations across companies and regions.
- PC Market Performance: The PC market exceeded expectations in Q4, particularly in December, as original design manufacturers built inventory ahead of anticipated memory price increases, reflecting optimistic sentiment about future demand.
- Smartphone Shipment Trends: While overall smartphone shipments were in line with expectations, Apple's performance was better than anticipated, with a decline of only 8% compared to a prior estimate of 15%, positively impacting Apple's semiconductor suppliers.
- Data Center Demand: Nvidia confirmed that its AI-related backlog for 2025/2026 has surpassed $500 billion, highlighting strong demand in the data center market and further enhancing growth potential for the semiconductor industry.
See More
RBC Projects Semiconductor Revenue from AI to Exceed $550 Billion by 2028
- Market Growth Outlook: RBC Capital Markets anticipates semiconductor revenue from AI applications to surge from $220 billion in 2025 to over $550 billion by 2028, indicating robust market potential that will drive investments and R&D in related companies.
- Supply Chain Challenges: Analysts noted that tight supply has led management to highlight 18-month backlogs, and while infrastructure constraints may delay some projects, they could ultimately help smooth the AI spending cycle, positively impacting long-term industry growth.
- High Bandwidth Memory Demand: The demand for high-bandwidth memory is expected to be a key driver, with Pajjuri noting that AI workloads are shifting towards reinforced learning and distributed inferencing, which are memory-intensive, leading to a forecast of memory demand outpacing supply until 2027.
- Equipment Investment Outlook: RBC also predicts strong spending on wafer fabrication equipment over the next two years, with technology trends such as back-side power, advanced packaging, and 3D structures expected to drive the equipment market to grow at least at a high single-digit rate, further enhancing the semiconductor industry's investment appeal.
See More
