Lattice Semiconductor Corp

Semiconductors & Related Devices

LSCCStrong8 of 10 basics passed

$129.02

+3.24%

Market cap $18.3B

$129.02

+3.24%

Market cap $18.3B

Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets.

It is a $18.3B technology company. Revenue grew 33.3% over the last year, and it keeps 6¢ of every dollar of sales as profit. It trades at 492.9× earnings — near the highest of its own history.

Website: latticesemi.com
Location: Hillsboro, OR
Employees: 1 174
Sector: Technology

Share price · 3 years

$82.09 → $129.02+57.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $651M
Profit: keeps 6¢ of every $1 sold; $36.3M
Free cash flow: cash left after running the business; $199M
P/E: years of profit in the price; 492.9
EPS: earnings per share, TTM; $0.26
Shares: up 15% since 2016 — dilution; 138.2M
Volatility: beta vs the market — under 1 swings less; 1.88

Revenue, last 10 years

52-week range

Low $61.73$129.02High $155.27

Today's price is 72% of the way from the year's low to its high.

P/E vs its history5y

492.9×median 66.8×

Higher than 93% of past days — near the highest of its own history.

Valuation vs own history

P/E

492.9×

P/S

27.5×

EV/EBITDA

335.1×

P/B

22.7×

18%

FCF yield

1.1%

11%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$2.53Mnet selling

Purchases$0

Sales$2.53M

Insiders trading, last 14d0 buy · 0 sell

Standing in Technology

Size$18.3Btop 60%
Revenue growth-7%top 97%
Net margin6%top 74%
Return on equity5%top 78%
P/E492.9×top 96%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong health and quality; Valuation, Growth and Profitability lag behind.

Valuation5

P/E vs own history93th pct · 0/25
FCF yield1.1% · 5/25
P/S27.5x · 0/25
EV/EBITDA352.1x · 0/25

Growth31

Revenue CAGR0.4% · 6/25
Net income CAGR-57.7% · 0/25
EPS CAGR ~5Y-41.8% · 0/25
Fwd implied growth1052.8% · 25/25

Profitability28

ROIC0.5% · 5/25
ROE4.9% · 5/25
Net margin5.6% · 13/25
Operating margin7.4% · 5/25

Health75

Altman Z57.58 · 25/25
Current ratio3.02 · 25/25
Interest coverage45.4x · 25/25
Net cash / debtn/a · 0/25

Quality77

Piotroski F6/9 · 15/25
Beneish M-3.96 · 25/25
FCF conversion548% · 25/25
Margin stabilityσ 13.0% · 12/25

Moat56

ROIC >12% years4/10 yrs · 6/25
Median gross margin61.3% · 25/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst -18.3% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2023Financial
Best year on record
$259M net income
FY2020Financial
Became debt-free
cash now exceeds total debt
FY2019Financial
Turned profitable
$43.5M net income after a loss year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$19 064 today — price return only

$523.3M revenue in FY2025

Revenue up 33.3% year over year

Profitable 7 years in a row

Positive free cash flow 10 years in a row

1 174 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (69.0%)
Revenue growing 33.3% year over year
Strong cash conversion — FCF is 30.6% of revenue
Interest covered 45.4× by operating earnings
Altman Z-Score 57.58 — low bankruptcy-risk zone

Watch-outs

Loss-making in 3 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 10 checks passed

Revenue growing — the company sells more than a year ago+33.3% YoY
Profitable — makes more than it spends$36.3M TTM
Profit growing — earnings are higher than last year-74.0% YoY
Generates cash — cash left after running and investing$199M TTM
Debt under control — could handle its obligationscurrent ratio 3.02
Established company — not a micro-cap — lower blow-up risk$18.3B market cap
Not printing shares — share count not ballooning — you keep your slice-2.2% shares over ~5y
Proven track record — years of profitability behind it7/10 profitable years
Financially stable — balance sheet not near distressAltman Z 57.6 — safe
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 492.9

Peer comparisonLattice Semiconductor Corp vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
LSCC this company	$18.3B	492.9	+33.3%	5.6%	Strong
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: LSCC vs NVDA · LSCC vs AAPL · LSCC vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 13Hold 2Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $651M · net income $36.3M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$651M

YoY 33.3%

Net income (TTM)

$36.3M

Margin 5.6%

Gross margin

69.0%

Operating margin

7.4%

P/E ratio

492.9

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	0.4	0.5	0.7	0.7	0.5	0.5
Gross profit	0.2	0.3	0.5	0.5	0.3	0.4
Operating income (EBIT)	0.1	0.1	0.2	0.2	0.0	0.0
Net income	0.0	0.1	0.2	0.3	0.1	0.0
EPS (diluted)	0.34	0.67	1.27	1.85	0.44	0.02

Cash flowFree cash flow $199M · operating cash flow $243M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$199M

Margin 30.6%

Operating cash flow (TTM)

$243M

FCF margin

30.6%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.1	0.2	0.2	0.3	0.1	0.2
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.0	-0.0
Free cash flow	0.1	0.2	0.2	0.2	0.1	0.1
FCF margin	19.5%	30.6%	32.6%	33.8%	23.5%	25.3%

Balance sheetAssets $883M · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $883M of assets is financed

19%

81%

Liabilities $169M — borrowed moneyEquity $714M — owners' stake

Altman Z-Score

57.58

Safe zone

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

45.4x

EBIT ÷ interest expense

ROE

4.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.2	0.1	0.1	0.1	0.1	0.1
Total assets	0.7	0.7	0.8	0.8	0.8	0.9
Total liabilities	0.3	0.3	0.3	0.1	0.1	0.2
Total debt	0.2	0.1	0.1	0.0	—	—
Equity	0.4	0.4	0.5	0.7	0.7	0.7
Net debt	-0.0	0.0	-0.0	-0.1	—	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of LSCC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $129.02 · market cap $18.3B.