$LSCC · LATTICE SEMICONDUCTOR CORP
Lattice Semiconductor reported Q3 FY2026 results with record revenue of $291M, up 118.3% YoY, including AMI contributions from the July 27, 2026 acquisition close. Non-GAAP diluted EPS was $0.72, while GAAP EPS was $0.08, pressured by $25.9M in acquisition-related charges and $7.0M in intangible amortization. The company guided Q4 revenue to $325M–$345M (~130% YoY growth at midpoint) and non-GAAP EPS of $0.82–$0.86.
- Q3 revenue of $291M grew 118.3% YoY, including AMI results from the July 27, 2026 acquisition date.
- Non-GAAP diluted EPS of $0.72 rose ~160% YoY; GAAP diluted EPS was $0.08, weighed down by $25.9M in acquisition-related charges.
- Non-GAAP gross margin reached 70.9%, up 140 bps YoY; adjusted EBITDA margin hit 45.0%, up 940 bps YoY.
- FPGA revenue grew approximately 90% YoY, driven by AI data center demand and Industrial & Embedded recovery.
- Q4 revenue guidance of $325M–$345M implies ~130% YoY growth; non-GAAP EPS guided to $0.82–$0.86.
Extended-hours trading shows LSCC at $102.00, up 6.87% vs the regular close of $95.44, reflecting strong positive reaction to the revenue beat and Q4 guidance midpoint of $335M. The $13.56B market cap stock is responding to accelerating FPGA demand and AMI integration momentum.
Lattice's 118% YoY revenue surge and ~90% FPGA growth confirm it is riding the AI data center infrastructure wave, while the AMI acquisition opens a new TAM in secure control and management solutions.
Lattice's 118% YoY revenue growth and FPGA strength align with the AI infrastructure buildout cycle benefiting peers like AMD and NVIDIA. The AMI acquisition expands Lattice into secure control and management solutions for data centers, broadening its TAM beyond traditional low-power FPGAs.
Acquisition-related charges of $25.9M in Q3 and integration risk from the AMI acquisition, which closed July 27, 2026, could pressure GAAP profitability. GAAP net income fell 42.1% sequentially to $11.2M despite revenue surging 44.7% Q/Q.