Lattice Semiconductor Corporation
Financial Performance
Lattice Semiconductor Revenue & Financials
Revenue
$523.3M (FY2025)
Market Cap
$18.2B
Net Income
$3.1M
Employees
1,800
What is Lattice Semiconductor's revenue?
Lattice Semiconductor had $523.3M in revenue for fiscal year 2025, up 2.7% from 2024. Net income was $3.1M.
- Latest revenue
- $523.3M (FY2025)
- Year-over-year
- +2.7%
- Growth rate (CAGR)
- 2.3% over 9 years
- Peak revenue
- $737.2M (FY2023)
- Years of data
- 10
- Employees
- 1,800
- What is Lattice Semiconductor's operating income?
- Lattice Semiconductor reported operating income of $11.2M for fiscal year 2025. sec.gov
- How much profit does Lattice Semiconductor make?
- Lattice Semiconductor reported net income of $3.1M for fiscal year 2025. sec.gov
- How many employees does Lattice Semiconductor have?
- Lattice Semiconductor has about 1,800 employees.
Financial Analysis
Revenue climbed from $404.1 million in 2019 to a record $737.2 million in 2023 under former CEO Jim Anderson, then fell 30.9% to $509.4 million in 2024 as industrial and automotive customers worked down inventory. FY2025 revenue edged up 2.7% to $523.3 million, with net income of only $3.1 million. Growth returned in 2026 on data center and AI demand: Q1 revenue reached $170.9 million and Q2 a record $201.1 million at a 71.7% non-GAAP gross margin. Lattice guided Q3 2026 to about $255 million at the midpoint, including two months of AMI, which management said put it on a $1 billion annual revenue run rate. Lattice Semiconductor Corporation is a major American designer of high-performance programmable logic devices, commanding a market valuation typically over $8 billion.
Revenue Trend Analysis
YoY Change
+2.7%
9-Year CAGR
+2.3%
Peak Year
2023
Trend
Consistent Growth
Lattice Semiconductor Corporation has 10 full fiscal year figures on this page, compounding at +2.3% annually over 9 years. The most recent year saw a 2.7% increase versus the prior year. Annual revenue peaked in fiscal year 2023 at $737.2M. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
Lattice Semiconductor Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Jan 3, 2026 | $175.1M | $42.5M | $883.1M | $169.1M | $714.1M | $132.6M | Form 10-K |
| FY2024ended Dec 28, 2024 | $140.9M | $21M | $843.9M | $133M | $710.9M | $119.9M | Form 10-K |
| FY2023ended Dec 30, 2023 | $269.6M | $20.1M | $840.9M | $148.9M | $692M | $249.5M | Form 10-K |
| FY2022ended Dec 31, 2022 | $238.8M | $23.3M | $798.7M | $311.6M | $487.2M | $215.5M | Form 10-K |
| FY2021ended Jan 1, 2022 | $167.7M | $9.8M | $726.5M | $314.9M | $411.6M | $157.9M | Form 10-K |
| FY2020ended Jan 2, 2021 | $91.7M | $12.1M | $680.1M | $295.6M | $384.4M | $79.6M | Form 10-K |
| FY2019ended Dec 28, 2019 | $124.1M | $15.6M | $612M | $284.4M | $327.7M | $108.5M | Form 10-K |
| FY2018ended Dec 29, 2018 | $51.5M | $8.4M | $623.7M | $365.2M | $258.5M | $43.1M | Form 10-K |
| FY2017ended Dec 30, 2017 | $38.5M | $12.9M | $636M | $418.3M | $245.1M | $25.7M | Form 10-K |
| FY2016ended Dec 31, 2016 | $41.7M | $16.7M | $766.9M | $496.5M | $270.4M | $25M | Form 10-K |
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Lattice Semiconductor Revenue and Financial FAQ
What is Lattice Semiconductor's annual revenue scale and financial trajectory?
Lattice Semiconductor Corporation reported revenue of $523 million for fiscal year 2025, up from $509 million in fiscal 2024.
What is Lattice Semiconductor's gross margin profile?
Lattice delivers notable non-GAAP gross profit margins between 68% and 70%, reflecting its high-value software stacks, proprietary low-power architecture, and pricing power in mission-critical industrial, automotive, and server applications.
What are Lattice's operating margins and Adjusted EBITDA profitability?
Lattice delivers non-GAAP operating profit margins of 35% to 40%, generating hundreds of millions in operating income supported by lean operating overhead and highly focused R&D investments.
How is Lattice Semiconductor's revenue divided across end-market segments?
Industrial & Automotive is Lattice's largest market, accounting for approximately 50% to 55% of total revenue; Communications & Compute generates 38% to 42%; and Consumer electronics contributes the remaining 5% to 8%.
How is Lattice Semiconductor's revenue split geographically across global markets?
Asia-Pacific accounts for approximately 55% to 60% of revenue (reflecting global electronics manufacturing assembly hubs in Taiwan, China, and South Korea), the Americas generate 20% to 25%, and Europe/Middle East contributes 15% to 20%.
What is Lattice's free cash flow conversion rate and cash position?
Lattice converts over 30% to 35% of its revenue directly into operating free cash flow, maintaining a pristine balance sheet with zero funded debt and hundreds of millions in cash and short-term liquid investments.
How does Lattice allocate capital toward R&D and share repurchases?
Lattice reinvests approximately 18% to 20% of revenue into advanced silicon architecture and software R&D, deploying remaining free cash flow into systematic share repurchases to enhance earnings per share.
How do cyclical semiconductor inventory adjustments impact Lattice's revenue?
During industrial semiconductor cycle downturns when enterprise customers digest excess chip inventories, Lattice adjusts factory wafer orders while sustaining high gross margins above 68% through disciplined pricing and long-term design wins.
Why was the Lattice buyout blocked by the government?
In 2017, Lattice was struggling financially and agreed to be acquired for $1.3 billion by Canyon Bridge Capital Partners (a firm backed by the Chinese government). However, the US government considered FPGAs to be highly critical national security infrastructure. In a massive, historic move, US President Donald Trump personally signed an executive order blocking the acquisition, forcing Lattice to remain independent and restructure.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lattice Semiconductor Revenue & Financials." CorpDigest, https://corpdigest.com/company/lattice-semiconductor/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lattice Semiconductor reported $523.3M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lattice-semiconductor/financials" target="_blank" rel="noopener">CorpDigest — Lattice Semiconductor financials</a></div>Related Financial Audits
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