Lattice Semiconductor Corporati (LSCC) Stock Price & How to Invest

Lattice Semiconductor Corporation designs low-power, small programmable logic devices, primarily field-programmable gate arrays (FPGAs), which are chips customers can reconfigure after manufacture to handle control, connectivity, security, and signal-processing tasks. Unlike AMD and Intel, which chase large, high-power FPGAs, Lattice deliberately owns the low-power edge of the market with its Nexus and Avant platforms, selling into communications and compute infrastructure, industrial and automotive systems, and consumer devices. Its chips often sit quietly on circuit boards handling hardware security root-of-trust, power management, and glue logic, which gives it broad design-win diversity across thousands of customers.

The investment picture is a growth-recovery story. After a cyclical 2025 slump driven by customer inventory digestion, revenue reaccelerated sharply in FY2026: about $171 million in the first quarter and about $201 million in the second, up about 62% year on year and above the $185-195 million guidance, led by record compute and communications sales tied to AI server buildouts. Management is targeting a roughly $1 billion annualized revenue run rate around the end of 2026, aided by the $1.65 billion acquisition of AMI, a firmware and platform-manageability provider for cloud and AI systems. Lattice runs a fabless, high-gross-margin model (non-GAAP gross margin near 70%), but the stock carries a rich valuation that leaves little room for disappointment on either the organic recovery or the AMI integration.

Trailing twelve-month revenue is now about $651 million, and analysts expect about $920 million for calendar 2026 and about $1.33 billion for 2027. GAAP profit remains thin (trailing net income about $36 million, a net margin near 6%) because of acquisition and other costs, which is why the trailing P/E sits above 400 while the forward P/E is about 33. In October 2026 Lattice launched its Sentry v5.0 security stack, which pairs its post-quantum-cryptography-ready FPGAs with AMI platform management software and AMI Tektagon PQC Resiliency, and announced a collaboration with Arm on AI data-center infrastructure. The stock sold off in mid-October with other chip names on worries about AI investment levels, and at about $106 it sits well below its 52-week high of about $157.

Semiconductor demand is cyclical, and the 2025 downturn showed how quickly customer inventory corrections can cut Lattice's revenue and margins. The valuation is the biggest single risk: the stock trades at a very high multiple that already assumes a strong, sustained reacceleration, so any stumble compresses it fast. The AMI acquisition adds integration, dilution, and execution risk, and moving up-market with Avant pits Lattice against much larger, better-resourced competitors in AMD and Intel. The company also depends on third-party foundries for manufacturing and is exposed to broad macro and geopolitical swings in chip demand, including export-control and China-related uncertainty. GAAP earnings are still small relative to the share price (a trailing P/E above 400), and the 22% drop over three months shows how sharply the stock reacts when sentiment on AI spending turns.

14 analysts publish price targets on LSCC, averaging $164.21 against a $103.65 price as of October 2026, or +58.4%. The published targets run from $125.00 to $180.00, a moderate spread, and the ratings split 13 buy, 0 hold, 1 sell. Over the last six months there have been 10 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full LSCC forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Lattice Semiconductor Corporati. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Edge and data-center AI demand. Lattice's low-power FPGAs are increasingly used in AI server infrastructure for tasks like power sequencing, hardware root-of-trust security, and high-speed interface bridging. The most optimistic published target, $180.00, assumes this works close to its best case.

The case against. Semiconductor demand is cyclical, and the 2025 downturn showed how quickly customer inventory corrections can cut Lattice's revenue and margins. The most pessimistic target, $125.00, is roughly what LSCC is worth if this bites instead.

Read the full bull and bear case on LSCC, including what would have to change to break either one. Walnut is not an investment adviser.

No. Lattice Semiconductor Corporati (LSCC) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Lattice Semiconductor Corporati's investor relations page or your broker.

• Revenue (TTM): ~$651 million (Q2 FY2026 ~$201M, up ~62% year on year)
• Q3 FY2026 consensus: ~$255 million revenue, EPS ~$0.55 (report Nov 2, 2026)
• Gross / operating margin (GAAP): ~69% / ~13%
• Net income (TTM, GAAP): ~$36 million
• Non-GAAP EPS (Q2 FY2026): ~$0.53 vs ~$0.45 estimate
• P/E (trailing / forward): ~422x / ~33x
• Market cap: ~$15 billion (about $106 a share)

Lattice is priced as a premium growth semiconductor stock, at about 23 times trailing sales and roughly 33 times forward earnings, with analysts expecting revenue to roughly double in 2026 and grow about 50% in 2027 as AMI adds to the base. The 14 analysts covering it have a mean target of about $164, well above the October 2026 price, but the multiple still assumes that growth arrives on schedule.

Other names that sit close to LSCC: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get LSCC exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so LSCC sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where LSCC fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Lattice Semiconductor (LSCC) is a focused, high-margin niche leader in low-power FPGAs riding an AI-infrastructure recovery, and in a portfolio it behaves as a high-beta growth chip position whose valuation already prices in a strong reacceleration. Third-quarter results are due November 2, 2026, with consensus near $255 million of revenue.

Whether LSCC is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is LSCC a buy or a sell?, and where the stock could go from here in the LSCC stock forecast.

For income investors, whether LSCC pays a dividend and how the payout looks is covered in does LSCC pay a dividend? And to weigh LSCC against a peer, read the full side-by-side comparisons: LSCC vs AMD and LSCC vs INTC.