Quarterly ResultMay 4, 2026, 05:32 PM
Lattice Semiconductor Q1 Revenue +42.2%; Net Income +334.4%; EPS $0.16
AI Summary
Lattice Semiconductor reported strong financial results for the first quarter of fiscal 2026, with revenue increasing 42.2% year-over-year to $170.9 million and net income surging 334.4% to $21.8 million. Diluted earnings per share rose to $0.16. The company also saw significant growth in gross margin and operating cash flow, while strategically reducing its revolving loan facility and continuing share repurchases.
Key Highlights
- Revenue increased 42.2% to $170.9 million for Q1 2026 from $120.2 million in Q1 2025.
- Net income surged 334.4% to $21.8 million, with diluted EPS of $0.16, in Q1 2026.
- Gross margin increased 43.9% to $117.6 million in Q1 2026 from $81.7 million in Q1 2025.
- Net cash provided by operating activities grew 57.6% to $50.3 million in Q1 2026.
- Distributor revenue accounted for 94% of total revenue in Q1 2026, up from 79% in Q1 2025.
- Greater China revenue increased to $108.9 million (64% of total) in Q1 2026.
- Revolving loan facility reduced from $350 million to $200 million to lower carrying costs.
- Repurchased $15.0 million of common stock in Q1 2026.
Price Impact
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