Lattice Semiconductor Corporation: Beat — EPS $0.72, Revenue $291.04M
Earnings BeatQ3 2026 · After-market
Did Lattice Semiconductor Corporation (LSCC) beat earnings today?
Yes, Lattice Semiconductor Corporation (LSCC) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+30.91% surprise
$0.72Actual
Expected: $0.55
vs. year ago +157.1%
Total Revenue+13.73% surprise
$291.03MActual
Expected: $255.91M
vs. year ago +118.3%
Released Nov 02 · 4:00 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $291.04M | $133.35M | 118.3 |
| Revenue detail — reported lines | |||
| └─Compute and Communications | $171.90M | $74.00M | 132.3 |
| └─Industrial and Embedded | $80.00M | $59.30M | 34.9 |
| └─AMI | $39.10M | - | - |
| Net Income | $11.21M | $2.79M | 301.1 |
| GAAP Basic EPS | $0.08 | $0.02 | 300.0 |
| GAAP Diluted EPS | $0.08 | $0.02 | 300.0 |
| Non-GAAP Basic EPS | $0.74 | $0.28 | 164.3 |
| Non-GAAP Diluted EPS | $0.72 | $0.28 | 157.1 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Expected | Full Year Outlook |
|---|---|---|---|
| Revenue | $325M-$345M | $293.2MBeat +14.26% | — |
| Gross Margin | 72.0% ±1% | — | — |
| Total Operating Expenses | $95M-$101M | — | — |
| Net Income per Share | $0.82-$0.86 | $0.65Beat +29.23% | — |
Business Highlights
- ➤Completed the AMI acquisition on July 27, 2026.
- ➤Hosted technical summits in Taipei and Shenzhen with over 700 customers and partners.
- ➤Demonstrated over 20 solutions spanning the companion chip and AMI companion firmware ecosystem.
- ➤Announced the Secure Control and Management Plane with AMD, Arm, ASPEED, Intel, Jabil, Microsoft and NXP.
- ➤Expanded AI infrastructure collaboration with Arm for next-generation AI data centers.
- ➤Launched Lattice Prompt for natural-language access across the FPGA design flow.
- ➤Introduced the Lattice Mach-N2 family with integrated flash, Root of Trust and post-quantum cryptography.
- ➤Released Lattice Sentry 5.0, a PQC-enabled platform firmware resilience and attestation solution.
- ➤MachXO5-NX TDQ FPGAs won the 2026 CyberSecurity Breakthrough Award.
- ➤Announced validated AMI Rack Manager support for AMD Helios rackscale solutions.
- ➤Introduced AMI Rack Manager 1.0 for centralized rack infrastructure monitoring, management and automation.
- ➤Released AMI Data Center Manager 6.2 with enhanced firmware provisioning and GPU diagnostics.
Management Commentary
Ford Tamer, Chief Executive Officer
“We delivered record third quarter revenue of $291 million and non-GAAP EPS of $0.72, up 118% and approximately 160% year-over-year, respectively. FPGA revenue grew approximately 90%, fueled by accelerating data center AI demand and continued momentum across Industrial & Embedded applications. Strong bookings, backlog and design wins support our fourth-quarter revenue outlook of approximately $335 million and reinforce our confidence in growth into 2027 and beyond. The addition of AMI meaningfully expands our opportunity in security, control and management solutions. Early commercial momentum across security retrofit, rack boot, plug and play, and power and cooling demonstrates the value of our combined portfolio, positioning Lattice to capture greater content per platform, deepen strategic customer relationships and drive sustainable long-term growth.”
Lorenzo Flores, Chief Financial Officer
“Lattice’s operating leverage was evident in the third quarter as we translated accelerating demand into faster year-over-year earnings growth. We continue to execute against our growth strategy by investing to strengthen our leadership in small and mid-range FPGAs, expanding our combined Lattice and AMI solutions portfolio, and advancing our companion chip opportunity. Our focus remains on driving profitable growth, expanding free cash flow, reducing debt, and delivering long-term shareholder value.”