Lattice Semiconductor Corp
LSCC—
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Lattice Semiconductor Corp AI Insights
Informational only. Not investment advice.Snapshot
- EPS collapsed 72.5% YoY and 58% 3Y CAGR while revenue down only 8.2% 3Y - severe operating deleverage in progress[EPS Growth 1Y]
- P/E of 282x vs industry median 34x (8.3x premium) with operating margin of 3.2% vs median 2.4% - minimal margin advantage for extreme valuation[P/E Ratio]
- FCF of 128.5M TTM (26% margin) on near-zero debt (0.03 D/E) provides runway despite earnings collapse[Free Cash Flow TTM]
Watch Triggers
- Total Revenue TTM: Quarterly revenue >140M (560M annualized) — Operating leverage kicks in above ~550M; current 495M insufficient to cover 313M opex
- Operating Margin TTM: Falls below 0% for 2 consecutive quarters — Would signal structural cost problem, not cyclical; pretax already negative
- Goodwill: Any impairment charge announced — 315M goodwill impairment would wipe 45% of equity, crater book value
Bull Case
Gross margin of 66% TTM (vs industry median 43%) with near-zero debt provides foundation for margin recovery if revenue stabilizes
Gross Margin TTMDebt to Equity
FCF of 128.5M (26% of revenue) funds operations without dilution; 118M cash vs 20M total debt
Free Cash Flow TTMCash and Equivalents
Bear Case
P/E 282x and P/S 24x pricing in recovery that hasn't materialized; EPS down 72.5% YoY with negative pretax income (-1.5M)
P/E RatioEPS Growth 1YPretax Income TTM
Goodwill 315M is 45% of equity and 82% of tangible book - impairment risk if downturn persists
GoodwillTangible Book Value
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Operating margin likely to remain compressed until revenue stabilizes above 600M run-rate
1-3ymed
- R&D at 35% of revenue (173M) is fixed cost base
- Revenue down 8.2% 3Y while opex sticky
- Gross margin 66% healthy but insufficient to cover high opex
Operating margin 3.2% vs gross margin 66% TTMR&D 173M on 495M revenue TTMOperating expense 313M vs revenue 495M TTM
Valuation Context
Caveats
LSCC Fundamentals
Manufacturing → Computer and Electronic Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$17.06B | — | ||
$16.96B | — | ||
889 | — | ||
$574.01M | +17.4% | — | |
$0.14 | -68.8% | — | |
6.05% | -4.1% | — | |
3.46% | -7.0% | — | |
$127.82M | +8.4% | — | |
2.75% | -4.6% | — | |
Beta 5Y (Monthly) | unknown | — |
LSCC Dividend History
No dividends
LSCC Stock Splits
1 stock split
10/12/000.5:1 split
LSCC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/04/26 | 04/04/26 | 10-Q | |
02/13/26 | 01/03/26 | 10-K | |
11/03/25 | 09/27/25 | 10-Q | |
08/04/25 | 06/28/25 | 10-Q | |
05/05/25 | 03/29/25 | 10-Q | |
02/14/25 | 12/28/24 | Unknown | |
11/04/24 | 09/28/24 | 10-Q | |
07/30/24 | 06/29/24 | 10-Q | |
04/30/24 | 03/30/24 | 10-Q | |
02/16/24 | 12/30/23 | 10-K | |
10/31/23 | 09/30/23 | 10-Q | |
08/01/23 | 07/01/23 | 10-Q | |
05/02/23 | 04/01/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
11/01/22 | 10/01/22 | 10-Q | |
08/02/22 | 07/02/22 | 10-Q | |
05/04/22 | 04/02/22 | 10-Q | |
02/23/22 | 01/01/22 | 10-K | |
11/03/21 | 10/02/21 | 10-Q | |
08/04/21 | 07/03/21 | 10-Q | |
05/06/21 | 04/03/21 | 10-Q | |
02/26/21 | 01/02/21 | 10-K | |
10/29/20 | 09/26/20 | 10-Q | |
07/30/20 | 06/27/20 | 10-Q | |
04/30/20 | 03/28/20 | 10-Q | |
02/24/20 | 12/28/19 | 10-K | |
10/31/19 | 09/28/19 | 10-Q | |
08/02/19 | 06/29/19 | 10-Q | |
05/03/19 | 03/30/19 | 10-Q | |
02/26/19 | 12/29/18 | 10-K | |
10/29/18 | 09/29/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
03/14/18 | 12/30/17 | 10-K | |
11/09/17 | 09/30/17 | 10-Q | |
08/10/17 | 07/01/17 | 10-Q | |
05/11/17 | 04/01/17 | 10-Q | |
03/01/17 | 12/31/16 | 10-K | |
11/10/16 | 10/01/16 | 10-Q | |
08/11/16 | 07/02/16 | 10-Q | |
05/12/16 | 04/02/16 | 10-Q | |
03/02/16 | 01/02/16 | 10-K | |
11/12/15 | 10/03/15 | 10-Q | |
08/13/15 | 07/04/15 | 10-Q | |
05/15/15 | 04/04/15 | 10-Q | |
03/04/15 | 01/03/15 | 10-K | |
11/05/14 | 09/27/14 | 10-Q | |
08/06/14 | 06/28/14 | 10-Q | |
05/07/14 | 03/29/14 | 10-Q | |
03/11/14 | 12/28/13 | 10-K | |
11/05/13 | 09/28/13 | 10-Q | |
08/06/13 | 06/29/13 | 10-Q | |
05/07/13 | 03/30/13 | 10-Q | |
03/08/13 | 12/29/12 | 10-K | |
11/06/12 | 09/29/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/10/12 | 03/31/12 | 10-Q | |
11/14/14 | 12/31/11 | 10-K/A | |
03/12/12 | 12/31/11 | 10-K | |
11/04/11 | 10/01/11 | 10-Q | |
08/05/11 | 07/02/11 | 10-Q | |
05/05/11 | 04/02/11 | 10-Q | |
03/11/11 | 01/01/11 | 10-K | |
11/05/10 | 10/02/10 | 10-Q | |
08/06/10 | 07/03/10 | 10-Q | |
05/05/10 | 04/03/10 | 10-Q | |
03/10/10 | 01/02/10 | 10-K | |
11/05/09 | 10/03/09 | 10-Q | |
08/06/09 | 07/04/09 | 10-Q | |
05/08/09 | 03/31/09 | 10-Q | |
03/13/09 | 12/31/08 | Unknown | -- |
11/05/08 | 09/30/08 | Unknown | -- |
08/06/08 | 06/30/08 | Unknown | -- |
05/07/08 | 03/30/08 | Unknown | -- |
03/13/08 | 12/31/07 | Unknown | -- |
11/06/07 | 09/30/07 | Unknown | -- |
08/08/07 | 06/30/07 | Unknown | -- |
05/10/07 | 03/30/07 | Unknown | -- |
03/09/07 | 12/31/06 | Unknown | -- |
11/07/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | Unknown | -- |
05/08/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
11/04/05 | 09/30/05 | Unknown | -- |
08/11/05 | 06/30/05 | Unknown | -- |
05/11/05 | 03/30/05 | Unknown | -- |
03/16/05 | 12/31/04 | Unknown | -- |
11/10/04 | 09/30/04 | Unknown | -- |
08/11/04 | 06/30/04 | 10-Q | |
05/12/04 | 03/30/04 | Unknown | -- |
04/01/04 | 12/31/03 | Unknown | -- |
11/12/03 | 09/30/03 | Unknown | -- |
08/08/03 | 06/30/03 | Unknown | -- |
05/12/03 | 03/30/03 | Unknown | -- |
03/20/03 | 12/31/02 | Unknown | -- |
11/12/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/10/02 | 03/30/02 | Unknown | -- |
03/26/02 | 12/31/01 | Unknown | -- |
11/09/01 | 09/30/01 | 10-Q | |
08/09/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/30/01 | Unknown | -- |
03/26/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
07/20/00 | 06/30/00 | Unknown | -- |
05/15/00 | 03/30/00 | Unknown | -- |