LATTICE SEMICONDUCTOR CORP (LSCC) AI Stock Summary

Snapshot

Lattice Semiconductor is an FPGA designer riding a wave of AI demand. While FY 2025 revenue was essentially flat at $523 million, the most recent quarter showed explosive 62 percent growth to $201 million. The business is operationally healthy, generating $132.6 million in free cash flow despite a tiny $3.1 million net income, a gap driven by $115.6 million in stock-based compensation. The company recently borrowed roughly $925 million to fund the AMI acquisition, adding debt to support its expansion goals. The stock trades in the MIDDLE of its 52-week range.

What's Happening Right Now

• Wed 5th Aug '26 · Earnings: Lattice reported record Q2 revenue of $201.1 million, up 62 percent year-over-year, driven by AI data center demand and the newly closed AMI acquisition, with strong guidance targeting $245 million to $265 million for Q3.
• Mon 27th Jul '26 · Acquisition: Lattice completed the $1.65 billion acquisition of AMI, aiming to create a secure management and control platform for AI infrastructure and supporting a goal to reach a $1 billion annual revenue run rate by the end of 2026.

Bottom Line

Lattice is transitioning from a slowdown to a growth phase, fueled by AI infrastructure needs and the new AMI acquisition. The cash flow is strong, but the stock is expensive at roughly 35 times trailing revenue, pricing in perfection for the $1 billion revenue target. Investors are paying a premium today for the promise of doubled market size and higher margins tomorrow.