Lattice Semiconductor Corporation has reported impressive financial results for the third quarter of 2026, showcasing significant growth driven by rising demand in artificial intelligence and industrial applications.

On November 2, 2026, the company announced its financial results for the quarter ending October 3, 2026. This announcement is significant as it highlights Lattice's strong performance in a competitive semiconductor market.

Background

Lattice Semiconductor Corporation, identified by the ticker LSCC and traded on the Nasdaq, operates within the Semiconductors & Related Devices industry (SIC 3674). The company is known for its low power programmable devices and platform firmware solutions. Recent filings include an 8-K on November 2, 2026, and an 8-K/A on October 30, 2026.

What the Filing Says

The filing reveals that Lattice's revenue for the third quarter reached $291 million, marking a remarkable 118% increase year-over-year. The company's GAAP gross margin stood at 67.4%, with a net income per diluted share of $0.08. On a non-GAAP basis, the gross margin was 70.9%, and net income per diluted share was significantly higher at $0.72. Lattice's adjusted EBITDA for the quarter was $131 million, reflecting a 45% adjusted EBITDA margin.

"We delivered record third quarter revenue of $291 million and non-GAAP EPS of $0.72, up 118% and approximately 160% year-over-year, respectively," said Ford Tamer, CEO of Lattice Semiconductor.

Impact

This substantial growth is expected to influence various stakeholders, including investors, customers, and competitors in the semiconductor industry. The strong performance is attributed to increased demand for field-programmable gate arrays (FPGAs), particularly in data centers and industrial applications.

What's Next

The company anticipates approximately 130% year-over-year revenue growth in the fourth quarter of 2026, with expectations for continued momentum in its industrial and embedded sectors. The filing does not specify any upcoming votes or additional filings.