Lattice Semiconductor Corp.

Lattice Semiconductor Corp.

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Market Cap$18.83B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Lattice Semiconductor Corp.Lattice Semiconductor Corp.943.3-3%34.40.1

Earnings Call Q1 2026

May 4, 2026 - AI Summary

Q1/early 2026 performance strongly exceeded expectations (good) - Revenue: $170.9M, +42% YoY and +17% QoQ. - Compute & communications: +86% YoY, +15% QoQ; record quarter. - Industrial & embedded (includes former consumer): +21% QoQ. - Non-GAAP profitability: EPS $0.41, +80%+ YoY (management also said EPS > guidance high end). - Non-GAAP gross margin ~70% (slightly better than expected); operating leverage: non-GAAP operating margin 34.4% (+370 bps QoQ).
Forward guidance for Q2 is upbeat with strong YoY growth (good) - Revenue guidance: $185M midpoint (range implied), ~50% YoY growth. - EPS guidance (non-GAAP): midpoint $0.44, about +80% YoY growth. - Gross margin: ~70% ±1%; OpEx: $64M–$67M (R&D-driven investments). - Tax rate (non-GAAP): 4%–6%. - Company framed this as continuing momentum with strong bookings/backlog visibility.
Demand/visibility and inventory improved, but supply constraints are a real headwind (good + challenge) - Backlog: build extends well into 2027; accelerated bookings. - Channel inventory: reduced from ~3 months last quarter to ~2 months, with expectation to go under 2 months in Q2. - Supply: management said supply is in good shape but straining (cost and lead times pressure). - They expect continued cost pressure in 2H, which may affect margin dynamics even though guidance remains ~69.5%–70% range.

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$147.22

Target Price by Analysts

7.1% upsideLattice Semiconductor Target Price DetailsTarget Price
$13.08

Current Fair Value

90.5% downside

Overvalued by 90.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$18.83 Billion
Enterprise Value$18.73 Billion
Dividend Yield$- (-)
Earnings per Share$0.02
Beta1.78
Outstanding Shares136,814,000

Return

Return on Equity2.69%ROE
Return on Assets2.21%
Return on Invested Capital4.11%

Valuation & Multiples

P/E Ratio943.31P/E Ratio
PEG282.07PEG
Price to Sales34.36Price to Sales
Price to Book Ratio27.49Price to Book Ratio
Enterprise Value to Revenue32.64
Enterprise Value to EBIT578.04
Enterprise Value to Net Income942
Total Debt to Enterprise0
Debt to Equity0.06Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 4, 2026
EPS Estimate
$0.37
Average shareholder expectation
Revenue Estimate
$164.93 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 3, 2026
EPS Estimate
$0.44
Average shareholder expectation
Revenue Estimate
$185.45 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 7.61%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.25% 105.19%
Total Invested$51.69M 99.61%
Investors Holding22 480.00%

ESG Score

No data

About Lattice Semiconductor Corp.

CEO: James Anderson

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical analysis for all tax legislation, directly influencing corporate tax structures and capital investment credits, which are vital for a capital-intensive and R&D-driven semiconductor company.

Finance

This powerful committee controls taxation and trade policy, directly impacting corporate tax rates, R&D credits, and tariffs, all of which are critical financial and operational factors for a global semiconductor manufacturer like Lattice Semiconductor.

Appropriations

This committee directly allocates federal discretionary spending, influencing funding for defense programs, scientific research, and other government initiatives that are key markets or R&D sources for advanced semiconductor companies.

Judiciary

Intellectual property (patents) is fundamental to the semiconductor industry. This committee's oversight of antitrust laws and intellectual property directly impacts competition, mergers, and the protection of innovation for Lattice Semiconductor.

Armed Services

Lattice Semiconductor's products are critical for defense and aerospace applications. This committee directly controls the Department of Defense budget and procurement, significantly influencing revenue streams for defense-related semiconductor suppliers.

Commerce, Science, and Transportation

This committee directly regulates interstate commerce, telecommunications, and technology policy, which are crucial for the semiconductor industry, impacting market access, innovation, and customer sectors (e.g., Big Tech, aerospace).

Foreign Relations

As a global semiconductor manufacturer, Lattice Semiconductor is highly sensitive to U.S. foreign policy, export controls, and international trade agreements (e.g., with China, Taiwan), all of which fall under this committee's purview.