Lattice Semiconductor Corp Financials
This page shows Lattice Semiconductor Corp (LSCC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
High gross margins still produce cash, but rising operating expense has become the main constraint on earnings.
From FY2023 through FY2026, gross margin held between68.2% and69.8% . Operating margin still fell from28.8% to2.2% , showing that rising R&D and selling expense consumed the gross profit stream rather than any clear breakdown in product-level economics.
The other striking gap is cash conversion: net income was only
The balance sheet is providing cushion here: total liabilities of
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Lattice Semiconductor Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lattice Semiconductor Corp has an operating margin of 2.1%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 6.8% the prior year.
Lattice Semiconductor Corp's revenue grew a modest 2.7% year-over-year to $523.3M. This slow but positive growth earns a score of 7/100.
Lattice Semiconductor Corp carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.48, Lattice Semiconductor Corp holds $3.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.
Lattice Semiconductor Corp converts 25.3% of revenue into free cash flow ($132.6M). This strong cash generation earns a score of 91/100.
Lattice Semiconductor Corp's ROE of 0.4% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 8.6% the prior year.
Lattice Semiconductor Corp scores 73.48, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($19.1B) relative to total liabilities ($158.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Lattice Semiconductor Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lattice Semiconductor Corp generates $56.78 in operating cash flow ($175.1M OCF vs $3.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lattice Semiconductor Corp earns $42.5 in operating income for every $1 of interest expense ($11.2M vs $264K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Lattice Semiconductor Corp generated $523.3M in revenue in fiscal year 2026. This represents an increase of 2.7% from the prior year.
Lattice Semiconductor Corp's EBITDA was $33.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.9% from the prior year.
Lattice Semiconductor Corp reported $3.1M in net income in fiscal year 2026. This represents a decrease of 95.0% from the prior year.
Lattice Semiconductor Corp earned $0.02 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 95.5% from the prior year.
Cash & Balance Sheet
Lattice Semiconductor Corp generated $132.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 10.6% from the prior year.
Lattice Semiconductor Corp held $140.0M in cash against $0 in long-term debt as of fiscal year 2026.
Lattice Semiconductor Corp had 137M shares outstanding in fiscal year 2026. This represents a decrease of 0.6% from the prior year.
Margins & Returns
Lattice Semiconductor Corp's gross margin was 68.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Lattice Semiconductor Corp's operating margin was 2.1% in fiscal year 2026, reflecting core business profitability. This is down 4.6 percentage points from the prior year.
Lattice Semiconductor Corp's net profit margin was 0.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 11.4 percentage points from the prior year.
Lattice Semiconductor Corp's ROE was 0.4% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.
Capital Allocation
Lattice Semiconductor Corp invested $188.0M in research and development in fiscal year 2026. This represents an increase of 18.0% from the prior year.
Lattice Semiconductor Corp spent $100.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 49.3% from the prior year.
Lattice Semiconductor Corp invested $42.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 102.7% from the prior year.
LSCC Income Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $170.9M+17.2% | $145.8M+9.3% | $133.3M+7.6% | $124.0M+3.2% | $120.2M+2.3% | $117.4M-7.6% | $127.1M+2.4% | $124.1M |
| Cost of Revenue | $53.3M+16.2% | $45.9M+7.1% | $42.8M+9.2% | $39.2M+2.1% | $38.4M-15.9% | $45.7M+15.9% | $39.4M+0.2% | $39.3M |
| Gross Profit | $117.6M+17.7% | $99.9M+10.4% | $90.5M+6.8% | $84.8M+3.7% | $81.7M+13.9% | $71.8M-18.2% | $87.7M+3.5% | $84.8M |
| R&D Expenses | $50.8M-4.9% | $53.4M+7.7% | $49.6M+14.0% | $43.5M+5.2% | $41.4M+7.3% | $38.6M-6.8% | $41.4M+6.9% | $38.7M |
| SG&A Expenses | $40.1M-9.5% | $44.3M+7.0% | $41.4M+18.9% | $34.8M+5.1% | $33.1M+12.4% | $29.5M-4.9% | $31.0M+54.9% | $20.0M |
| Operating Income | $26.1M+2300.4% | $1.1M+170.8% | -$1.5M-132.6% | $4.7M-32.5% | $7.0M+157.1% | -$12.2M-262.2% | $7.5M-66.6% | $22.6M |
| Interest Expense | $1.3M+163.3% | -$2.0M-432.9% | $602K-2.0% | $614K-41.6% | $1.1M+1518.5% | $65K-3.0% | $67K0.0% | $67K |
| Income Tax | $5.4M-38.9% | $8.9M+337.8% | -$3.7M-272.8% | $2.2M-26.7% | $3.0M+109.8% | -$30.1M-3038.1% | $1.0M-8.7% | $1.1M |
| Net Income | $21.8M+385.4% | -$7.6M-373.6% | $2.8M-4.1% | $2.9M-42.0% | $5.0M-69.6% | $16.5M+129.7% | $7.2M-68.2% | $22.6M |
| EPS (Diluted) | $0.16 | N/A | $0.020.0% | $0.02-50.0% | $0.04 | N/A | $0.05-68.8% | $0.16 |
LSCC Balance Sheet
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $899.0M+1.8% | $883.1M+4.6% | $844.4M+4.4% | $808.6M-1.8% | $823.6M-2.4% | $843.9M-1.1% | $853.7M+3.2% | $827.5M |
| Current Assets | $386.2M+6.1% | $363.9M+6.3% | $342.2M+6.1% | $322.4M-4.7% | $338.3M-7.3% | $364.8M-0.3% | $366.1M+3.7% | $353.2M |
| Cash & Equivalents | $140.0M+4.5% | $133.9M+13.5% | $117.9M+10.0% | $107.2M-16.0% | $127.6M-6.4% | $136.3M+9.7% | $124.3M+13.8% | $109.2M |
| Inventory | $88.2M-1.1% | $89.2M-1.7% | $90.7M-3.3% | $93.8M-1.1% | $94.9M-8.2% | $103.4M-1.1% | $104.5M+2.9% | $101.6M |
| Accounts Receivable | $118.1M+15.5% | $102.3M+7.1% | $95.5M+11.5% | $85.7M+1.3% | $84.5M+4.3% | $81.1M-11.4% | $91.5M-11.6% | $103.4M |
| Goodwill | $315.4M0.0% | $315.4M0.0% | $315.4M0.0% | $315.4M0.0% | $315.4M0.0% | $315.4M0.0% | $315.4M0.0% | $315.4M |
| Total Liabilities | $158.8M-6.1% | $169.1M+22.6% | $138.0M+13.5% | $121.5M+5.0% | $115.7M-13.0% | $133.0M-11.4% | $150.1M+16.7% | $128.7M |
| Current Liabilities | $111.0M-5.7% | $117.7M+11.2% | $105.8M+21.7% | $86.9M+10.7% | $78.5M-21.2% | $99.6M+8.2% | $92.0M+14.7% | $80.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $740.2M+3.7% | $714.1M+1.1% | $706.4M+2.8% | $687.0M-2.9% | $707.9M-0.4% | $710.9M+1.1% | $703.5M+0.7% | $698.8M |
| Retained Earnings | $234.0M+10.3% | $212.2M-3.5% | $219.8M+1.3% | $217.0M+1.4% | $214.1M+2.4% | $209.1M+8.6% | $192.6M+3.9% | $185.4M |
LSCC Cash Flow Statement
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.3M-12.7% | $57.6M+22.3% | $47.1M+22.2% | $38.5M+20.8% | $31.9M-29.8% | $45.4M+3.2% | $44.0M+100.7% | $21.9M |
| Capital Expenditures | $10.5M-22.6% | $13.6M+4.1% | $13.1M+80.8% | $7.2M-16.1% | $8.6M+49.7% | $5.8M+23.7% | $4.7M-35.0% | $7.2M |
| Free Cash Flow | $39.7M-9.7% | $44.0M+29.2% | $34.0M+8.7% | $31.3M+34.5% | $23.3M-41.3% | $39.7M+0.8% | $39.4M+166.4% | $14.8M |
| Investing Cash Flow | -$15.4M+27.2% | -$21.2M-21.0% | -$17.5M-51.6% | -$11.6M+4.4% | -$12.1M-21.1% | -$10.0M-4.6% | -$9.5M+8.7% | -$10.4M |
| Financing Cash Flow | -$28.8M-41.0% | -$20.4M-9.1% | -$18.7M+60.9% | -$47.8M-66.1% | -$28.8M-25.8% | -$22.9M-15.2% | -$19.9M-107.7% | -$9.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $15.0M+6.0% | $14.1M-5.7% | $15.0M-67.3% | $45.9M+83.4% | $25.0M+25.0% | $20.0M+17.6% | $17.0M+70.0% | $10.0M |
LSCC Financial Ratios
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.8%+0.3pp | 68.5%+0.7pp | 67.9%-0.5pp | 68.4%+0.3pp | 68.0%+6.9pp | 61.1%-7.9pp | 69.0%+0.7pp | 68.3% |
| Operating Margin | 15.3%+14.5pp | 0.7%+1.9pp | -1.1%-5.0pp | 3.8%-2.0pp | 5.8%+16.2pp | -10.4%-16.3pp | 5.9%-12.3pp | 18.2% |
| Net Margin | 12.8%+18.0pp | -5.2%-7.3pp | 2.1%-0.2pp | 2.4%-1.8pp | 4.2%-9.9pp | 14.1%+8.4pp | 5.7%-12.6pp | 18.2% |
| Return on Equity | 2.9%+4.0pp | -1.1%-1.5pp | 0.4%-0.0pp | 0.4%-0.3pp | 0.7%-1.6pp | 2.3%+1.3pp | 1.0%-2.2pp | 3.2% |
| Return on Assets | 2.4%+3.3pp | -0.9%-1.2pp | 0.3%-0.0pp | 0.4%-0.3pp | 0.6%-1.3pp | 2.0%+1.1pp | 0.8%-1.9pp | 2.7% |
| Current Ratio | 3.48+0.4 | 3.09-0.1 | 3.24-0.5 | 3.71-0.6 | 4.31+0.6 | 3.66-0.3 | 3.98-0.4 | 4.40 |
| Debt-to-Equity | 0.21-0.0 | 0.24+0.0 | 0.20+0.0 | 0.18+0.0 | 0.16-0.0 | 0.19-0.0 | 0.21+0.0 | 0.18 |
| FCF Margin | 23.2%-6.9pp | 30.2%+4.6pp | 25.5%+0.3pp | 25.3%+5.9pp | 19.4%-14.4pp | 33.8%+2.8pp | 31.0%+19.1pp | 11.9% |
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Frequently Asked Questions
What is Lattice Semiconductor Corp's annual revenue?
Lattice Semiconductor Corp (LSCC) reported $523.3M in total revenue for fiscal year 2026. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lattice Semiconductor Corp's revenue growing?
Lattice Semiconductor Corp (LSCC) revenue grew by 2.7% year-over-year, from $509.4M to $523.3M in fiscal year 2026.
Is Lattice Semiconductor Corp profitable?
Yes, Lattice Semiconductor Corp (LSCC) reported a net income of $3.1M in fiscal year 2026, with a net profit margin of 0.6%.
What is Lattice Semiconductor Corp's EBITDA?
Lattice Semiconductor Corp (LSCC) had EBITDA of $33.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Lattice Semiconductor Corp's gross margin?
Lattice Semiconductor Corp (LSCC) had a gross margin of 68.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lattice Semiconductor Corp's operating margin?
Lattice Semiconductor Corp (LSCC) had an operating margin of 2.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Lattice Semiconductor Corp's net profit margin?
Lattice Semiconductor Corp (LSCC) had a net profit margin of 0.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Lattice Semiconductor Corp's return on equity (ROE)?
Lattice Semiconductor Corp (LSCC) has a return on equity of 0.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Lattice Semiconductor Corp's free cash flow?
Lattice Semiconductor Corp (LSCC) generated $132.6M in free cash flow during fiscal year 2026. This represents a 10.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lattice Semiconductor Corp's operating cash flow?
Lattice Semiconductor Corp (LSCC) generated $175.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Lattice Semiconductor Corp's total assets?
Lattice Semiconductor Corp (LSCC) had $899.0M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Lattice Semiconductor Corp's capital expenditures?
Lattice Semiconductor Corp (LSCC) invested $42.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Lattice Semiconductor Corp spend on research and development?
Lattice Semiconductor Corp (LSCC) invested $188.0M in research and development during fiscal year 2026.
What is Lattice Semiconductor Corp's current ratio?
Lattice Semiconductor Corp (LSCC) had a current ratio of 3.48 as of fiscal year 2026, which is generally considered healthy.
What is Lattice Semiconductor Corp's debt-to-equity ratio?
Lattice Semiconductor Corp (LSCC) had a debt-to-equity ratio of 0.21 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lattice Semiconductor Corp's return on assets (ROA)?
Lattice Semiconductor Corp (LSCC) had a return on assets of 0.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Lattice Semiconductor Corp's Altman Z-Score?
Lattice Semiconductor Corp (LSCC) has an Altman Z-Score of 73.48, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lattice Semiconductor Corp's Piotroski F-Score?
Lattice Semiconductor Corp (LSCC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lattice Semiconductor Corp's earnings high quality?
Lattice Semiconductor Corp (LSCC) has an earnings quality ratio of 56.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lattice Semiconductor Corp cover its interest payments?
Lattice Semiconductor Corp (LSCC) has an interest coverage ratio of 42.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lattice Semiconductor Corp?
Lattice Semiconductor Corp (LSCC) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.