Quarterly ResultAug 4, 2026, 04:10 PM
Lattice Semiconductor Reports Record Q2 2026 Revenue of $201.1M
AI Summary
Lattice Semiconductor reported record second quarter 2026 financial results, with revenue reaching $201.1 million, a 62.2% increase year-over-year, and non-GAAP diluted EPS of $0.53, up over 120% year-over-year, both exceeding guidance. The company also announced the completion of its $1.65 billion acquisition of AMI, which is expected to be accretive to non-GAAP gross margin, EBITDA, free cash flow, and EPS. This acquisition is projected to contribute to a $1 billion annual revenue run rate in Q3 2026, with Q3 revenue guidance set between $245 million and $265 million.
Key Highlights
- Record Q2 2026 revenue: $201.1 million, up 62.2% year-over-year.
- Non-GAAP diluted EPS: $0.53, exceeding guidance and up over 120% YoY.
- GAAP gross margin was 70.3%, non-GAAP gross margin was 71.7%.
- AMI acquisition closed for $1.65 billion ($1B cash, $650M stock).
- AMI acquisition expected to be accretive to non-GAAP gross margin, EBITDA, FCF, and EPS.
- Q3 2026 revenue guidance: $245 million to $265 million (including AMI).
- Q3 2026 non-GAAP diluted EPS guidance: $0.54 to $0.58.
- Record Compute & Communications revenue and continued Industrial & Embedded recovery.
Price Impact
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