Lattice Semiconductor Corporati (LSCC) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Lattice Semiconductor (LSCC) by buying shares or fractional shares at any major broker, through a semiconductor ETF that holds it (SMH, SOXX), or as one holding in a thematic basket. Lattice is a specialist in low-power, small-form-factor FPGAs (field-programmable gate arrays), and after a 2025 inventory downcycle it has swung back to fast growth (Q1 FY2026 revenue up ~42% year on year) as edge-AI and data-center demand recovered. It trades like a high-multiple growth semiconductor name whose story now also hinges on integrating the pending AMI acquisition.
LSCC stock price
As of 2026-07-27, Lattice Semiconductor Corporati (LSCC) last closed at $122.91, up 128.8% over the past year. Over the past 52 weeks it has traded between $48.73 and $155.27.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Lattice Semiconductor Corporati's investor relations page. Walnut is informational, not investment advice.
What does Lattice Semiconductor Corporati (LSCC) do?
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, 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 announced $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.
What's driving Lattice Semiconductor Corporati (LSCC)?
1. 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. Compute and communications revenue set records in early FY2026 and grew far faster than the overall company, and management frames edge AI as a durable multi-year driver as more servers and edge devices ship with programmable logic content.
2. The Avant mid-range expansion.
Historically Lattice was confined to the smallest FPGAs, but the Avant family pushes it into the larger mid-range segment long dominated by AMD (Xilinx) and Intel (Altera). Success here would roughly double Lattice's addressable market and let it capture more dollar content per design, though it also puts the company into more direct competition with far larger rivals.
3. The AMI acquisition and software attach.
The pending ~$1.65 billion AMI deal (about $1.0 billion cash plus ~$650 million in stock) adds platform firmware and manageability software for cloud and AI systems, expected to contribute over $200 million of revenue. Management describes it as accretive to gross margin, free cash flow, and non-GAAP EPS, and as a step toward a full hardware-plus-software system position rather than selling chips alone.
4. High-margin fabless model and cash generation.
Lattice outsources manufacturing and runs non-GAAP gross margins near 70% with expanding operating margins, so incremental revenue in the recovery drops through efficiently to operating income and free cash flow. That operating leverage is what supports the growth narrative if end-market demand holds.
What are the risks to Lattice Semiconductor Corporati (LSCC)?
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.
How is Lattice Semiconductor Corporati (LSCC) valued? (approximate, July 2026)
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): ~$600 million (Q1 FY2026 was ~$171M, up ~42% year on year)
- Q2 FY2026 guidance: ~$185-195 million at the midpoint (~+50% year on year)
- Non-GAAP gross margin: ~70%
- Non-GAAP EPS (Q1 FY2026): ~$0.41, up from ~$0.22 a year earlier
- Market cap: ~$19 billion
- Forward P/E: ~65-70x (trailing P/E is far higher off depressed earnings)
Lattice is priced as a premium growth semiconductor stock rather than a value name, reflecting its high margins and the sharp FY2026 reacceleration off a weak 2025. The rich multiple means the market is already discounting continued rapid growth and successful AMI integration, so results that merely meet expectations may not be enough to move the stock higher.
Who competes with Lattice Semiconductor Corporati (LSCC)?
Large FPGA incumbents
AMD (which owns Xilinx) and Intel (which owns Altera) dominate the large, high-power FPGA segment. They overlap most with Lattice as it moves up-market with Avant, and they have far greater scale, R&D budgets, and software ecosystems.
Low-power and niche programmable logic
Microchip Technology, QuickLogic, Efinix, and Gowin compete for smaller, low-power and cost-sensitive programmable logic sockets, which is Lattice's traditional stronghold with its Nexus platform.
Broader edge and infrastructure silicon
In specific applications Lattice competes against microcontrollers, ASSPs, and system-on-chip vendors (and increasingly platform players like NVIDIA and AMD extending into full-stack AI systems), where designers weigh a programmable FPGA against a fixed-function or integrated alternative.
How to invest in Lattice Semiconductor Corporati (LSCC)
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 basket, so LSCC sits alongside other stocks that express the same thesis.
Walnut takes the basket 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.
The bottom line on Lattice Semiconductor Corporati (LSCC)
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.
More on Lattice Semiconductor Corporati (LSCC)
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?, 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?
Build a basket around LSCC with Walnut
Use Lattice Semiconductor Corporati as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Lattice Semiconductor do?
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Lattice designs low-power, small field-programmable gate arrays (FPGAs), chips that customers can reconfigure after manufacture. Its Nexus and Avant devices handle control, connectivity, hardware security, and power management across communications, computing, industrial, automotive, and consumer systems.
How can I invest in LSCC?
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LSCC trades on the Nasdaq, so you can buy shares or fractional shares at any major broker. You can also gain exposure indirectly through semiconductor ETFs such as SMH or SOXX that hold it, or include it as one constituent in a thematic basket.
Is Lattice Semiconductor profitable?
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Yes. Lattice runs a fabless model with non-GAAP gross margins near 70% and was profitable on both a GAAP and non-GAAP basis in early FY2026. Its GAAP earnings were depressed during the 2025 downturn, which is why trailing P/E ratios look extremely high.
Why did LSCC revenue grow so much in 2026?
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Revenue rose about 42% year on year in Q1 FY2026 mainly because 2025 was a cyclical trough as customers worked down excess inventory. The rebound was led by record compute and communications sales tied to AI server infrastructure demand.
What is the AMI acquisition?
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In May 2026 Lattice agreed to acquire AMI, a provider of platform firmware and manageability software for cloud and AI systems, for about $1.65 billion (roughly $1.0 billion cash plus ~$650 million in stock). AMI is expected to add over $200 million of revenue, and the deal was targeted to close around Q3 2026.
Who are Lattice's main competitors?
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In large FPGAs its rivals are AMD (Xilinx) and Intel (Altera). In low-power and niche programmable logic it competes with Microchip, QuickLogic, Efinix, and Gowin. Its Avant push moves it more directly against the larger incumbents.
Does LSCC pay a dividend?
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No. Lattice does not pay a dividend and instead reinvests cash into research, development, and growth initiatives, along with share repurchases. Investors in LSCC are betting on capital appreciation rather than income.
What are the biggest risks to the LSCC thesis?
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The main risks are the cyclicality of chip demand, a rich valuation that already prices in strong growth, integration and dilution risk from the AMI deal, and intensifying competition from much larger rivals as Lattice moves up-market. A demand slowdown could compress the stock quickly.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Lattice Semiconductor Corporati's investor relations page or your broker before making investment decisions.