Lattice Semiconductor Q2 profit beats estimates on AI-related server demand
LSCC•AMI acquisition and outlook
Lattice closed its $1.65 billion AMI acquisition to expand its secure management and control platform.
For fiscal third quarter 2026, the company expects revenue between $245 million and $265 million, including AMI contribution. It sees non-GAAP gross margin at 69.5% plus or minus 1%, and forecasts non-GAAP EPS between $0.54 and $0.58.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy," with 13 "strong buy" or "buy" ratings, 1 "hold" and 1 "sell" or "strong sell."
The median 12-month price target for Lattice Semiconductor Corp is $147.50, about 16% above its August 3 closing price of $127.18. The stock recently traded at 60 times the next 12-month earnings, versus a P/E of 70 three months ago.
Quarterly results beat estimates
Lattice Semiconductor said fiscal second-quarter revenue rose 62% year over year, beating analyst expectations, while adjusted earnings per share also topped estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $201.08 mln | $185.45 mln (13 Analysts) |
| Q2 Adjusted EPS | Beat | $0.53 | $0.44 (13 Analysts) |
| Q2 EPS | $0.14 | ||
| Q2 Net Income | $19.36 mln | ||
| Q2 Adjusted Gross Margin | 71.70% |
