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Lattice Semiconductor CorporationLSCCCompetitor analysis, valuation and peers

United States · USD·Information Technology›Semiconductors

Makes low-power FPGAs (programmable logic chips) used in communications, industrial, automotive and computing/AI applications.

Momentum weak 24
Mkt cap
$14.9B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$278M
20-day average traded
Fwd P/E
26.2×
forward earnings
ROIC−WACC
-10.0 pp
WACC 13.8%
Hurdle
n/a
no reverse DCF
Next earnings
101 days
15 Feb 2027
Close · USD$105.02
1D+7.1%
1W+13.0%
1M-16.0%
3M-18.2%
6M-17.4%
YTD+42.7%
1Y+66.3%
ATR %7.1%
Beta2.85
52w lowhigh33.1% off high

What Lattice Semiconductor does

Makes low-power FPGAs (programmable logic chips) used in communications, industrial, automotive and computing/AI applications.

Is paid per chip, and a programmable chip designed into a customer's board generally stays there for that product's life; it is fabless, using outside foundries. Management and strategy were overhauled under chief executive Ford Tamer from 2018, after the US blocked a 2017 takeover by Canyon Bridge.

Products and services

  • Low-power FPGAs
  • FPGA software/IP tools

Customers

  • Communications, industrial, automotive and data-ce

Where it sits in the supply chain

  • Semiconductors
  • Programmable logic
  • Low-power FPGAs

What could go right

  • Edge AI inference demand for low-power FPGAs
  • Industrial/automotive FPGA content growth

What could go wrong

  • Competition from larger AMD/Intel FPGA businesses
  • Semiconductor cyclicality

Moat: narrow (IP / patents, switching costs). Niche leadership in low-power FPGAs with sticky design-ins, though it is a smaller player versus AMD/Intel FPGA units.

Headquarters: Hillsboro, Oregon, United States · Founded: 1983 · Employees: 1,174

Named competitors

Lattice Semiconductor at a glance

Size Lattice Semiconductor (LSCC) is a United States Information Technology company (Semiconductors) with a market value of $14.9B, the 602nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $105.02 on 6 Nov 2026.

Performance Over six months the shares fell 17.4%, against -24.5% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue grew 63.4% over the last twelve months (peer median +32.1%); the operating margin is 13.1% (peer median 17.9%).

Valuation It trades at 26.2× forward earnings against a peer median of 23.2× (8th most expensive of 18).

Capital Return on invested capital runs 10.0 points below its cost of capital (13.8% WACC).

Backlog Backlog (remaining performance obligations) was $20.4M at 3 Oct 2026 — 0.0 years of trailing revenue. Backlog detail →

Short interest Short interest is 5.0% of the free float (15 Oct 2026).

Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026LSCC 81Peer median 75
Six months, rebased to 100: Lattice Semiconductor against the median of its 20 peers (local-currency closes).

Lattice Semiconductor financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$809M$523M$509M$737M$660M
Revenue growth—+3%-31%+12%—
Gross profit$509M$321M$302M$480M$423M
EBITDA$166M$57.6M$107M$255M$226M
Net income$44.7M$3.08M$61.1M$259M$179M
Free cash flow$200M$113M$103M$236M$215M
Capital expenditure$91.3M$62.3M$37.7M$33.2M$34.9M
Total debt$925M$42.1M$15.3M$16.3M$149M

Quarterly statements and history in the cockpit →

Lattice Semiconductor competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-40%-20%0%TPRO688120TSEM52740501601012600584MTSI2344603893SITM301308301666FNSWKS3003946884982379GFSLSCC6-month return →1-month return →
Up and to the right = strong over both horizons. Lattice Semiconductor is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%0×20×40×60×TPRO688120TSEM527405016005842344603893SITM301308FNSWKS300394688498GFSLSCCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Lattice Semiconductor is the large dot.

Lattice Semiconductor competitors and peer comparison

Head to head with its named competitors (LSCC vs AMD vs INTC vs MCHP)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Lattice Semiconductor LSCC$14.9B-17%+63%13%26.2×n/a
Advanced Micro Devices AMD$733B-1%+42%18%30.0×60.9%
Intel INTC$299B-55%+12%11%39.9×46.1%
Microchip Technology MCHP$31.7B-41%+21%16%14.5×34.2%

How Lattice Semiconductor compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Lattice Semiconductor against its 20 peers (data as of 6 Nov 2026)
MeasureLSCCPeer medianRank in peer set
1-month return-16.0%-25.6%8th highest of 20
6-month return-17.4%-24.5%10th highest of 20
Distance from 52-week high-33.1%-49.0%4th highest of 21
Revenue growth (TTM)+63.4%+32.1%6th highest of 21
Operating margin13.1%17.9%9th lowest of 21
Forward P/E26.2×23.2×8th most expensive of 18
ROIC minus cost of capital-10.0 pp+8.7 pp3rd lowest of 20
EV / EBITDA95.0×23.9×most expensive of 8
Net debt / EBITDA4.8×-1.2×most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Lattice Semiconductor LSCCUnited States$14.9B-17%+63%13%26.2×n/an/a
Technoprobe TPRO.MIItaly$14.9B+5%+22%30%38.4×36.4%+14.6%
Hwatsing Technology 688120.SSChina$15.4B+42%+36%18%63.8×41.8%+64.4%
Tower Semiconductor TSEMUnited States$15.6B-35%+22%19%21.6×25.9%+4.4%
ASPEED Technology 5274.TWOTaiwan$14.3B-30%+40%53%41.1×41.3%+24.3%
Omnivision Integrated Circuits 0501.HKHong Kong$15.7B-16%+7%13%23.2×n/an/a
LONGi Green Energy Technology 601012.SSChina$14.1B-25%-16%-12%n/an/an/a
JCET 600584.SSChina$14.1B+15%+4%6%40.2×n/an/a
MACOM Technology Solutions MTSIUnited States$16.1B-41%+28%18%23.2×49.4%+12.8%
Winbond Electronic 2344.TWTaiwan$16.4B+22%+154%43%2.8×0.6%+8.1%
Rockchip Electronics 603893.SSChina$13.4B+16%+39%27%49.1×39.3%+18.7%
SiTime SITMUnited States$12.5B-30%+83%0%23.1×n/an/a
Shenzhen Longsys Electronics 301308.SZChina$12.3B-46%+114%40%5.1×n/an/a
DapuStor 301666.SZChina$18.8B+20%+611%23%n/an/an/a
Cansemi Technology 301660.SZChina$11.8Bn/a+54%-99%n/an/an/a
Fabrinet FNUnited States$11.7B-47%+43%10%15.6×n/an/a
Skyworks Solutions SWKSUnited States$19.3B+24%-3%9%14.3×39.4%-5.0%
Suzhou TFC Optical Communication 300394.SZChina$19.9B-44%+26%51%36.3×44.8%+42.7%
Yuanjie Semiconductor Technology 688498.SSChina$11.2B-45%+300%64%60.1×n/an/a
Realtek Semiconductor 2379.TWTaiwan$11.0B+33%+12%11%19.9×8.4%+9.6%
GlobalFoundries GFSUnited States$21.2B-48%+1%12%16.2×24.9%+7.0%

Lattice Semiconductor backlog

Lattice Semiconductor reported $20.4M of remaining performance obligations at 3 Oct 2026. That is 0.0 years of trailing revenue already under contract.

Questions

Who are Lattice Semiconductor's main competitors?
Named competitors: AMD (Xilinx FPGAs) (AMD), Intel (Altera FPGAs) (INTC), Microchip Technology (Microsemi FPGAs) (MCHP). The cockpit's measured peer set (industry) also includes Technoprobe (TPRO.MI), Hwatsing Technology (688120.SS), Tower Semiconductor (TSEM), ASPEED Technology (5274.TWO), Omnivision Integrated Circuits (0501.HK), LONGi Green Energy Technology (601012.SS).
Is Lattice Semiconductor expensive compared with its peers?
On forward p/e it trades at 26.2× against a peer median of 23.2×, 8th most expensive of 18 in its peer set.
How has Lattice Semiconductor stock performed?
Over six months to 6 Nov 2026 the shares returned -17.4% against -24.5% for the median peer; over one year +66.3%.
What is Lattice Semiconductor's backlog?
Lattice Semiconductor's remaining performance obligations (contracted revenue not yet recognised) were $20.4M at 3 Oct 2026.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.