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Lattice Semiconductor

LSCC Nasdaq Semiconductors Financials FY2016–FY2025

Lattice Semiconductor's revenue rose 2.7% to $523 million in fiscal 2025. Its operating margin was 2.1%, down from 6.8% a year earlier. Free cash flow was $133 million, up 10.6%. It paid out $100 million in dividends and buybacks, 75% of free cash flow.

Last close · Oct 23, 2026

$96.19

0.2%
Value it Compare
Revenue Total sales reported in the income statement.
$523M
2.7% vs prior year
Operating margin Operating income as a share of revenue.
2.2%
4.6 pts
Net income Profit after all expenses, interest and tax.
$3.1M
94.9%
Free cash flow Cash from operations minus capital spending.
$133M
10.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
1.0%
5.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$13.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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On $0.26 EPS (TTM)

What Lattice Semiconductor does

No business description yet.

Legal name
LATTICE SEMICONDUCTOR CORP
Fiscal year ends
January 3, 2026
Latest annual report
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Accession · CIK
0001437749-26-004100
0000855658

Revenue and margins

Lattice Semiconductor had $523M of revenue in fiscal 2025, up 2.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $133M in fiscal 2025, 25.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Lattice Semiconductor returned $100M to shareholders in fiscal 2025, 75% of free cash flow. The diluted share count fell 0.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Lattice Semiconductor yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of $134M and divides by 138.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

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Reference multiples: today — · peers 30.9x · sector 33.3x.

Balance sheet

Cash, debt and the ratios that show how comfortably Lattice Semiconductor can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $132M$146M$128M$136M$134M
Debt incl. finance leases $159M$129M$0.0M$0.0M$0.0M
Net debt / EBITDA 0.2x−0.1x−0.6x−2.3x−4.0x
Debt / equity 0.4x0.3x0.0x0.0x0.0x
Interest coverage 36.8x45.2x71.5x129.5x42.6x
Current ratio 2.8x3.0x3.8x3.7x3.1x
Quick ratio 2.2x2.1x2.8x2.6x2.3x
Total assets $727M$799M$841M$844M$883M
Total liabilities $315M$312M$149M$133M$169M
Shareholders' equity $412M$487M$692M$711M$714M
Net debt (− = net cash) $27.2M−$16.9M−$128M−$136M−$134M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$7.5M

7 insiders

Of sales under plans

76%

$5.6M

DateInsiderTradeSharesPriceValueFiling
Sep 15, 2026 Pravin DesaleSVP, R&D Sold plan 4,279 $105.62 $0.5M Form 4
Sep 14, 2026 Pravin DesaleSVP, R&D Sold plan 2,039 $111.83 $0.2M Form 4
Aug 18, 2026 Tracy Ann FeannySVP, General Counsel Sold plan 1,880 $126.43 $0.2M Form 4
Aug 17, 2026 Esam ElashmawiSVP, Strategy and Marketing Sold plan 15,742 $134.77 $2.1M Form 4
Jun 12, 2026 Pravin DesaleSVP, R&D Sold plan 2,039 $142.89 $0.3M Form 4
Jun 4, 2026 Tracy Ann FeannySVP, General Counsel Sold plan 2,740 $151.84 $0.4M Form 4
Jun 3, 2026 James P LedererDirector Sold 6,101 $153.94 $0.9M Form 4
May 20, 2026 Pravin DesaleSVP, R&D Sold plan 14,155 $134.23 $1.9M Form 4
May 6, 2026 Elizabeth M SchwartingDirector Sold 3,200 $124.53 $0.4M Form 4
Mar 11, 2026 Tonya StevensCvp, Chief Accounting Officer Sold 1,113 $94.00 $0.1M Form 4
Mar 10, 2026 Erhaan ShaikhSVP, Sales Sold 1,577 $93.33 $0.1M Form 4
Mar 10, 2026 Pravin DesaleSVP, R&D Sold 2,366 $92.41 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✓
Revenue rose relative to assets ✓ ✕ ✓
F-score 9 / 94 / 96 / 9
Accruals ratio −1.3%−9.5%−19.9%
Altman Z'' 9.268.767.13

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Lattice Semiconductor LSCC $13.5B 2.7% 2.2% 25.3% 1.0% — 6
Universal Display OLED $4.1B 0.5% 38.2% 23.7% 17.9% 21.0x 3 Compare →
Rambus RMBS $9.4B 27.1% 36.8% 47.1% 34.3% 40.8x 5 Compare →
Silicon Labs SLAB $7.3B 34.3% −9.0% 8.4% −7.0% — 5 Compare →
SiTime SITM $12.7B 61.2% −20.5% 10.8% −16.8% — 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $427M $386M $399M $404M $408M $515M $660M $737M $509M $523M
Gross profit $247M $217M $219M $238M $245M $322M $452M $515M $340M $357M
Research and development $118M $103M $82.4M $78.6M $89.2M $111M $136M $160M $159M $188M
Operating income −$26.7M −$47.6M −$3.1M $59.0M $52.4M $101M $187M $212M $34.5M $11.2M
Interest expense $20.3M $18.8M $20.6M $11.7M $3.7M $2.7M $4.1M $3.0M $0.3M $0.3M
Pretax income −$44.2M −$69.7M −$24.0M $45.1M $48.5M $97.6M $182M $215M $36.2M $13.4M
Income tax $9.9M $0.8M $2.4M $1.6M $1.1M $1.7M $3.2M −$44.2M −$24.9M $10.3M
Net income −$54.1M −$70.6M −$26.3M $43.5M $47.4M $95.9M $179M $259M $61.1M $3.1M
Diluted EPS −$0.45 −$0.58 −$0.21 $0.32 $0.34 $0.67 $1.27 $1.85 $0.44 $0.02
Diluted shares 0.12B 0.12B 0.13B 0.14B 0.14B 0.14B 0.14B 0.14B 0.14B 0.14B
Cash flow
Cash from operations $41.7M $38.5M $51.5M $124M $91.7M $168M $239M $270M $141M $175M
Capital expenditure $16.7M $12.9M $8.4M $15.6M $12.1M $9.8M $23.3M $20.1M $21.0M $42.5M
Free cash flow $25.0M $25.7M $43.1M $109M $79.6M $158M $215M $249M $120M $133M
Depreciation and amortization $61.8M $57.9M $39.3M $33.1M $16.4M $15.5M $18.6M $21.9M $24.0M $22.1M
Stock-based compensation $16.2M $12.5M $13.6M $18.9M $40.4M $46.5M $55.5M $70.2M $53.0M $116M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $68.1M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $15.0M $70.1M $110M $80.0M $67.0M $100M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $15.0M $70.1M $110M $80.0M $67.0M $100M
Balance sheet
Cash and short-term investments $107M $112M $127M $118M $182M $132M $146M $128M $136M $134M
Total debt $335M $301M $251M $125M $172M $159M $129M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $315M $263M $284M $262M $334M $301M $379M $368M $365M $364M
Current liabilities $158M $83.6M $69.4M $99.8M $79.7M $106M $127M $97.4M $99.6M $118M
Inventory $79.2M $79.9M $67.1M $55.0M $64.6M $67.6M $110M $98.8M $103M $89.2M
Property and equipment, net $49.5M $40.4M $34.9M $39.2M $39.7M $38.1M $47.6M $49.5M $53.0M $77.0M
Total assets $767M $636M $624M $612M $680M $727M $799M $841M $844M $883M
Total liabilities $497M $418M $365M $284M $296M $315M $312M $149M $133M $169M
Shareholders' equity $270M $245M $259M $328M $384M $412M $487M $692M $711M $714M
Margins
Gross margin 57.9% 56.1% 55.0% 59.0% 60.1% 62.4% 68.5% 69.8% 66.8% 68.2%
Operating margin −6.3% −12.3% −0.8% 14.6% 12.8% 19.6% 28.4% 28.8% 6.8% 2.2%
EBITDA margin 8.2% 2.7% 9.1% 22.8% 16.8% 22.6% 31.2% 31.8% 11.5% 6.4%
Net margin −12.7% −18.3% −6.6% 10.8% 11.6% 18.6% 27.1% 35.1% 12.0% 0.6%
FCF margin 5.9% 6.7% 10.8% 26.9% 19.5% 30.6% 32.6% 33.9% 23.5% 25.3%
Returns
Return on capital −4.0% −8.1% −0.6% 15.9% 14.5% 24.4% 40.5% 41.1% 6.1% 1.0%
Return on capital employed −4.2% −8.2% −0.6% 11.1% 9.4% 16.5% 29.0% 30.0% 4.6% 1.5%
Return on equity −18.8% −27.4% −10.5% 14.8% 13.3% 24.1% 39.8% 43.9% 8.7% 0.4%
Return on assets −7.0% −10.1% −4.2% 7.0% 7.3% 13.6% 23.5% 31.6% 7.3% 0.4%
Growth
Revenue growth 5.2% −9.6% 3.3% 1.3% 1.0% 26.3% 28.1% 11.6% −30.9% 2.7%
Net income growth — — — — 9.0% 102.4% 86.5% 44.8% −76.4% −95.0%
EPS growth — — — — 6.3% 97.1% 89.6% 45.7% −76.2% −95.5%
FCF growth — 2.6% 67.9% 152.0% −26.7% 98.4% 36.5% 15.8% −52.0% 10.6%
Share count change 2.2% 2.2% 3.2% 8.5% 2.9% 0.6% −1.0% −0.6% −1.1% −0.1%
Financial health
Net debt / EBITDA 6.5x 18.5x 3.5x 0.1x −0.2x 0.2x −0.1x −0.6x −2.3x −4.0x
Debt / equity 1.2x 1.2x 1.0x 0.4x 0.5x 0.4x 0.3x 0.0x 0.0x 0.0x
Interest coverage −1.3x −2.5x −0.2x 5.0x 14.2x 36.8x 45.2x 71.5x 129.5x 42.6x
Current ratio 2.0x 3.2x 4.1x 2.6x 4.2x 2.8x 3.0x 3.8x 3.7x 3.1x
Quick ratio 1.5x 2.2x 3.1x 2.1x 3.4x 2.2x 2.1x 2.8x 2.6x 2.3x
Capital allocation
Capex / revenue 3.9% 3.3% 2.1% 3.9% 3.0% 1.9% 3.5% 2.7% 4.1% 8.1%
Stock comp / revenue 3.8% 3.3% 3.4% 4.7% 9.9% 9.0% 8.4% 9.5% 10.4% 22.1%
Payouts / FCF 0.0% 0.0% 0.0% 0.0% 18.8% 44.4% 51.1% 32.1% 55.9% 75.4%
Quality scores
Piotroski F-score 5.0 4.0 6.0 7.0 7.0 7.0 9.0 9.0 4.0 6.0
Altman Z'' −0.1 −0.5 0.5 1.3 2.5 2.8 4.8 9.3 8.8 7.1
Accruals ratio −12.3% −15.6% −12.4% −13.1% −6.9% −10.2% −7.9% −1.3% −9.5% −19.9%

Source: SEC EDGAR XBRL filings (CIK 0000855658). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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