LSCCNasdaqSemiconductors & Related DevicesFiscal year ends January 2
LATTICE SEMICONDUCTOR CORP
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 4, 2026
$108.73+5.08 (+4.90%)
Close on Oct 19, 2026
- Market cap
- $15.25B
- P/E (TTM)
- 418.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
68.2%+8.1 pts over 5 years
Operating margin
2.1%−10.7 pts over 5 years
Net margin
0.6%−11.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.7% | -7.5% | +5.1% | +2.6% | |
| Gross profit | +4.9% | -7.6% | +7.8% | +4.9% | |
| Operating income | -67.4% | -60.9% | -26.5% | – | |
| Net income | -95.0% | -74.2% | -42.1% | – | |
| EPS, diluted | -95.5% | -74.9% | -43.3% | – | |
| Free cash flow | +10.6% | -14.9% | +10.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -18.8% | 13.3% | 0.4% | |
| Return on assets | -7.0% | 7.3% | 0.4% | |
| Current ratio | 2.00 | 4.19 | 3.09 | |
| Debt to equity | 1.24 | 0.44 | – | |
| Net debt to EBITDA | 6.50× | – | – | |
| Interest coverage | -1.3× | 14.1× | 42.5× | |
| Inventory turnover | 2.3× | 2.7× | 1.7× | |
| Capex to revenue | 3.9% | 3.0% | 8.1% | |
| Diluted shares | 120M | 141M | 138M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lattice Semiconductor generated $992.10M from operations and spent $544.04M on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$992.10M
Used
$544.04M
Capital expenditure$116.78M21%Dividends$00%Share buybacks$427.26M79%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.6%
×Asset turnover0.61×
×Equity multiplier1.21×
=Return on equity, FY20250.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.6% | 0.61× | 1.21× | 0.4% |
| FY2024 | 12.0% | 0.60× | 1.20× | 8.7% |
| FY2023 | 35.1% | 0.90× | 1.39× | 43.9% |
| FY2022 | 27.1% | 0.87× | 1.70× | 39.8% |
| FY2021 | 18.6% | 0.73× | 1.77× | 24.1% |
| FY2020 | 11.6% | 0.63× | 1.81× | 13.3% |
| FY2019 | 10.8% | 0.65× | 2.11× | 14.8% |
| FY2018 | -6.6% | 0.63× | 2.50× | -10.5% |
| FY2017 | -18.3% | 0.55× | 2.72× | -27.4% |
| FY2016 | -12.7% | 0.55× | 2.70× | -18.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$3.08M
- Cash generatingOperating cash flow above zero$175.11M
- Return on assets improvedROA up on the prior year7.3% → 0.4%
- Earnings backed by cashOperating cash flow above net income$175.11M vs $3.08M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.66 → 3.09
- No dilutionShare count did not rise138M → 138M
- Gross margin improvedGross margin up on the prior year66.82% → 68.21%
- More efficientAsset turnover rose0.61 → 0.62