Lattice Semiconductor Corp Revenue Surged 42%

By Greg Peters • Monday, May 04 19:05 • Permanent Link

Lattice Semiconductor Corp. has recently released its latest 10-Q report. The company develops and sells programmable logic semiconductors, silicon-based and silicon-enabling products, evaluation boards, and development hardware across Asia, Europe, and the Americas. Its portfolio includes field-programmable gate arrays, design software, IP licensing, and related system solutions, with sales aimed at communications and computing, industrial and automotive, and consumer markets.

In Management’s Discussion and Analysis, Lattice said it continues to focus on low-power, small-size, and ease-of-use programmable logic products and related services. It also said product development is centered on new proprietary products, packaging, product enhancements, software tools, soft IP, and system solutions for edge AI, wireless and wireline infrastructure, platform security, and factory automation.

For the quarter ended April 4, 2026, revenue rose to $170.9 million from $120.2 million a year earlier. Gross margin increased to $117.6 million from $81.7 million, while gross margin percentage improved to 68.8% from 68.0%.

Operating income climbed to $26.1 million from $7.0 million. Research and development expense increased 22.8% to $50.8 million from $41.4 million, and selling, general and administrative expense rose 21.1% to $40.1 million from $33.1 million.

Revenue from the Compute and Communications end market jumped to $106.6 million from $57.4 million, up 86%, and represented 62.4% of total revenue. Industrial and Embedded revenue edged up to $64.3 million from $62.7 million, a 2% increase, and accounted for 37.6% of revenue.

By geography, Asia contributed $132.6 million, or 77.6% of revenue, up from $77.7 million a year earlier. Americas revenue fell to $18.8 million from $30.0 million, while Europe rose to $19.5 million from $12.4 million.

Revenue from distributors made up 94% of total revenue in the quarter, compared with 79% in the prior-year period. Interest income, net, increased to $1.3 million from $1.1 million, and income tax expense rose to $5.4 million from $3.0 million. The market has reacted to these announcements by moving the company's shares 3.81% to a price of $125.57. Check out the company's full 10-Q submission here.

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