Lattice Semiconductor Blows Past Q3 2026 Estimates on AI Demand
As seen on the 24/7 Wall St. homepage on November 2, 2026.
Q4 revenue guidance of $325 million to $345 million implies about 130% growth, so the reacceleration is not a one-quarter event. Data center AI demand drove the FPGA business past expectations on both EPS and revenue.
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Lattice Semiconductor reported Q3 2026 non-GAAP EPS of $0.72, beating expectations, with revenue up 118% year over year.
Data center AI demand drove the quarter: the Compute and Communications segment more than doubled year over year to $171.9 million. Growth came even before the contribution from AMI, the platform firmware company Lattice acquired on July 27, 2026.
Management guided Q4 2026 revenue to a range of $325 million to $345 million, implying roughly 130% year-over-year growth. CEO Ford Tamer said strong bookings, backlog and design wins support growth into 2027 and beyond.
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Lattice took on $869.1 million in new long-term debt to fund the AMI deal, holding GAAP diluted EPS to $0.08. Management named debt reduction and free cash flow expansion as near-term priorities.
Lattice announced a Secure Control and Management Plane initiative alongside AMD, Arm, Intel, Microsoft and others at the OCP Global Summit, and introduced the Mach-N2 FPGA family with post-quantum cryptography. Both moves deepen content per AI server platform beyond what the current revenue run rate reflects.
Mentioned: LSCC