| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 170.90 | 42.2% |
| Total Income | 170.90 | 42.2% |
| Expenditure | 144.83 | 28.0% |
| PBT | 27.27 | 241.7% |
| Net Profit | 21.82 | 334.7% |
| OPM | 15.25% | 9.45pp |
| NPM | 12.77% | 8.59pp |
| EPS | 0.16 | 300.0% |
Lattice Semiconductor Reports Q1 2026 Revenue Growth of 42% YoY
05 May 2026 · 5 May, 1:54 am
Summary
Lattice Semiconductor Corporation announced its financial results for the first quarter of 2026, reporting a 42% year-over-year revenue increase to $170.9 million. The company's GAAP gross margin was 68.8%, and GAAP net income was $21.8 million, or $0.16 per diluted share. Lattice anticipates approximately 50% year-over-year revenue growth for the second quarter of 2026. Additionally, Lattice announced a definitive agreement to acquire AMI for $1.65 billion, a move expected to enhance its secure management and control platform.
Key Highlights
- 1
Lattice Semiconductor reported a 42% year-over-year revenue growth for the first quarter of 2026, reaching $170.9 million.
- 2
GAAP gross margin for Q1 2026 was 68.8%, while non-GAAP gross margin was 70.0%.
- 3
GAAP net income for the first quarter of 2026 was $21.8 million, resulting in $0.16 per diluted share.
- 4
Non-GAAP net income per diluted share for Q1 2026 was $0.41.
- 5
Adjusted EBITDA for the first quarter of 2026 was $67.8 million, representing a 39.6% adjusted EBITDA margin.
- 6
The company expects approximately 50% year-over-year revenue growth for Q2 2026.
- 7
Lattice announced the acquisition of AMI for $1.65 billion, expected to close in Q3 2026.
Management Comments
Ford Tamer
"We delivered record first quarter revenue growth, led by increased demand across all of our end markets. As we had committed, we grew non-GAAP earnings faster than revenue, achieving 86% year over year EPS growth. Our Compute and Communications business achieved record revenue, while our Industrial and Embedded business growth exceeded 20% quarter over quarter. When taken together with our strong backlog, continued design win momentum and leadership in small and mid-range FPGAs, we believe we are in the early stages of a multi-year growth cycle and are well positioned to deliver sustained, above-market growth in 2026 and beyond." "Our acquisition of AMI advances our everywhere companion chip strategy and shared vision to deliver secure management and control solutions that help customers deploy complex systems faster and with greater confidence – with expanded design choice and flexibility,” said Ford Tamer, President and Chief Executive Officer of Lattice Semiconductor. “AMI’s expertise in firmware and infrastructure for cloud and AI is a natural extension of our portfolio, deepening our role in system-level security, manageability, and control. We expect our combined capabilities to create significant value for our customers and shareholders.”
Lorenzo Flores
"We continue to drive increased profitability, with our model demonstrating strong operating leverage as revenue growth translates to bottom-line expansion. We remain focused on scaling the business efficiently while investing to extend our leadership in small and mid-range FPGAs and expand our companion chip opportunity. Lattice is positioned to drive continued short and long-term revenue growth, strength in margin, and increased free cash flow."
Sanjoy Maity
“Lattice and AMI share a long history of collaboration and a common vision for secure system design. This combination allows us to build on that foundation, extending the reach of AMI’s platform firmware and infrastructure manageability solutions while maintaining the open, silicon‑agnostic, multi‑vendor support our customers value. Together, we believe we can deliver more complete and integrated management and control solutions for the systems being designed today – and tomorrow.”
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