Lattice Semiconductor (0A6F) AI Stock Analysis

Company Guidance

For Q4 2026, Lattice expects revenue of between $325 million and $345 million, with the midpoint representing approximately 130% year-over-year growth and 15% sequential growth, an annualized revenue run rate above $1.3 billion; non-GAAP gross margin is expected to be 72% ± 1%, non-GAAP operating expense between $95 million and $101 million, income tax rate between 4% and 6%, and non-GAAP EPS in a range of $0.82-$0.86 per share, with a midpoint of $0.84 representing 160% year-over-year growth. Full-year 2026 revenue is expected to be approximately $1 billion, roughly 90% growth over 2025, FPGA revenue to surpass $900 million, representing greater than 70% year-over-year growth, and earnings per share of approximately $2.50, up about 140% year-over-year; net leverage is expected to be under 2x EBITDA by the end of 2026. For 2027, Lattice expects revenue growth of at least 60% year-over-year, or 60% or better growth from its projected 2026 revenue base of approximately $1 billion, and revenue to continue to grow at over 30% CAGR for the next five years; AMI is expected to be around the $200 million± run rate business through the year, with margins expected to expand into the high 70s.