CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Lattice Semiconductor Q3 revenue more than doubles on AI-driven FPGA demand, AMI acquisition

By Reuters News


Overview

  • US programmable chipmaker's Q3 revenue rose 118% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations

  • Company cites AI and industrial demand, plus AMI acquisition, as key drivers of growth


Outlook

  • Lattice expects Q4 2026 revenue between $325 mln and $345 mln

  • Company sees Q4 2026 non-GAAP gross margin at 72% plus or minus 1%

  • Lattice forecasts Q4 2026 non-GAAP EPS of $0.82 to $0.86


Result Drivers

  • AI AND INDUSTRIAL DEMAND - Co said accelerating data center AI demand and continued momentum across industrial and embedded applications drove FPGA revenue growth

  • AMI ACQUISITION - Co said AMI acquisition expanded opportunities in security, control and management solutions, contributing to Q3 growth

  • NEW PRODUCT GROWTH - Co said revenue from new products grew over 70% yr/yr, led by AI server demand and industrial recovery


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$291.04 mln

$255.54 mln (14 Analysts)

Q3 Adjusted EPS

Beat

$0.72

$0.55 (14 Analysts)

Q3 EPS

$0.08

Q3 Net Income

$11.21 mln

Q3 Adjusted Gross Margin

70.90%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the semiconductors peer group is "buy"

  • Wall Street's median 12-month price target for Lattice Semiconductor Corporation is $160.00, about 72.1% above its October 30 closing price of $92.97

  • The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 58 three months ago


Reuters Recommended Reads

  • Nov 2 - Israel's Tower Semi Q3 revenue growth of 33% tops estimates, sees faster Q4 growth

  • Nov 2 - Guerrilla RF Q3 revenue rises 61% on aerospace & defense demand

  • Nov 2 - Marvell doubles down on AI boom with costly $115 billion Lumentum deal


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.