Lattice Semiconductor Q3 revenue more than doubles on AI-driven FPGA demand, AMI acquisition
LSCC•Lattice Semiconductor’s Q3 revenue rose 118% year over year to $291.04 million, beating the $255.54 million analyst estimate, while adjusted EPS of $0.72 beat the $0.55 estimate. The company expects Q4 revenue of $325 million to $345 million and non-GAAP EPS of $0.82 to $0.86.
1. Q3 results
Lattice Semiconductor reported Q3 revenue of $291.04 million, up 118% year over year and above the $255.54 million analyst consensus. Adjusted EPS was $0.72, beating the $0.55 estimate. The company reported Q3 EPS of $0.08, net income of $11.21 million and adjusted gross margin of 70.9%.
2. Growth drivers and outlook
The company said accelerating data center AI demand and continued momentum in industrial and embedded applications drove FPGA revenue growth. The AMI acquisition expanded opportunities in security, control and management solutions, while revenue from new products grew more than 70% year over year. For Q4 2026, Lattice expects revenue of $325 million to $345 million, non-GAAP gross margin of 72% plus or minus 1%, and non-GAAP EPS of $0.82 to $0.86.
