Lattice Semiconductor Corporation reported significant financial growth in its latest quarterly results, with revenue reaching $170.9 million for the three months ended April 4, 2026, a 42% increase from $120.2 million in the same period last year. The company’s net income also saw a substantial rise, climbing to $21.8 million, compared to $5.0 million in the prior year, resulting in a net income per share of $0.16, up from $0.04. This performance reflects a gross margin of 68.8%, slightly improved from 68.0% in the previous year, driven by a favorable product mix and increased sales volume.
The company’s operational expenses increased to $91.6 million, up from $74.8 million a year earlier, primarily due to higher research and development costs, which rose by 22.8% to $50.8 million. Selling, general, and administrative expenses also increased by 21.1% to $40.1 million. The rise in expenses was largely attributed to increased stock-based compensation and headcount-related costs, which the company anticipates will continue as it invests in innovation and market expansion.
Lattice Semiconductor has made strategic moves to enhance its market position, including a focus on AI-related applications across its product lines. The company reported that revenue from its Compute and Communications segment surged by 86% year-over-year, driven by demand for data center applications and AI-specific servers. In contrast, revenue from the Industrial and Embedded segment grew modestly by 2%, reflecting a recovery in demand from industrial and aerospace customers. The company’s revenue from Asia increased by 71%, while revenue from the Americas decreased by 37%, primarily due to the absence of one-time sales from the previous year.
As of April 4, 2026, Lattice Semiconductor's total assets stood at $899.0 million, with cash and cash equivalents amounting to $140.0 million, a 4.5% increase from the previous quarter. The company reported a 15.5% increase in accounts receivable, reflecting higher sales and improved order scheduling. Additionally, Lattice has initiated foreign currency hedging activities to manage its exposure to exchange rate fluctuations, with a notional value of $60 million in outstanding contracts. Looking ahead, Lattice Semiconductor is optimistic about its growth trajectory, particularly in AI-related markets, and plans to continue investing in research and development to drive innovation and expand its product offerings.
About LATTICE SEMICONDUCTOR CORP
Lattice Semiconductor designs and markets low power, programmable FPGA devices and system solutions for markets including communications, industrial automation, automotive, and consumer electronics. Its products enable control, connectivity, security, and AI workloads at the edge, supporting OEMs and system integrators worldwide. The company leverages a fabless manufacturing model, licensing IP, and providing design services to deliver flexible, high-performance, energy-efficient solutions that accelerate product development and time-to-market.
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