Lattice Semiconductor Reports Record Q3 2026 Revenue Driven by AI Data Center Demand
Lattice Semiconductor (LSCC) reported record third-quarter revenue of $291 million, representing a 118% increase year-over-year. The growth was primarily propelled by the Compute & Communications segment, which saw a 132% surge due to rising demand for small field-programmable gate arrays (FPGAs) in AI data center infrastructure and complex hardware architectures. The company is leveraging artificial intelligence to expand its market reach through 'Lattice Prompt,' a tool allowing developers to program chips using natural language. Additionally, following the acquisition of AMI, Lattice generated $77.6 million in quarterly free cash flow, which management utilized to pay down $50 million in debt. Looking forward, management expects to maintain a compound annual growth rate (CAGR) of over 30% for the next five years. Strong order backlogs extending into 2027 provide significant multiyear visibility across key end markets.
Tickers: $LSCC
Topics: artificial intelligence data center infrastructure FPGA quarterly earnings semiconductors