NASDAQ : LSCC
Lattice Semiconductor Corporation — Financial statements
Technology · Semiconductors · United States
Last price 92.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 13.20B
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Financial statements
Lattice Semiconductor Corporation (LSCC) reported revenue of 808.80M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 808.80M | 523.26M | 509.40M | 737.15M | 660.36M | 515.33M |
| Cost of Revenue | 246.79M | 166.32M | 162.00M | 222.48M | 208.31M | 193.65M |
| Gross Profit | 562.01M | 356.94M | 347.40M | 514.67M | 452.05M | 321.68M |
| Selling, General & Admin | 202.78M | 161.73M | 125.44M | 145.04M | 122.08M | 105.62M |
| Research & Development | 240.72M | 179.88M | 150.80M | 151.97M | 135.77M | 110.52M |
| Amortization of Goodwill & Intangibles | 12.94M | 52.00K | 3.48M | 3.48M | 3.78M | 2.61M |
| Operating Expenses | 456.44M | 341.67M | 279.72M | 300.49M | 261.62M | 218.75M |
| Operating Income | 105.57M | 15.28M | 67.68M | 214.18M | 190.43M | 102.93M |
| Interest Expense | -264.00K | -264.00K | -266.00K | -2.97M | -4.81M | -2.74M |
| Interest & Investment Income | 3.16M | 3.16M | 4.21M | 5.01M | 664.00K | |
| Other Non Operating Income (Expenses) | -16.81M | -751.00K | -2.18M | 545.00K | -1.11M | -452.00K |
| EBT Excluding Unusual Items | 91.65M | 17.42M | 69.45M | 216.76M | 185.17M | 99.74M |
| Merger & Restructuring Charges | -32.09M | -4.04M | -12.29M | -1.91M | -3.06M | -2.11M |
| Asset Writedown | -13.93M | |||||
| Other Unusual Items | -7.00M | |||||
| Pretax Income | 59.56M | 13.38M | 36.23M | 214.86M | 182.11M | 97.63M |
| Income Tax Expense | 14.82M | 10.29M | -24.90M | -44.20M | 3.23M | 1.70M |
| Net Income | 44.74M | 3.08M | 61.13M | 259.06M | 178.88M | 95.92M |
| Net Income to Common | 44.74M | 3.08M | 61.13M | 259.06M | 178.88M | 95.92M |
| Shares Outstanding (Basic) | 137.85M | 137.09M | 137.62M | 137.69M | 137.32M | 136.62M |
| Shares Outstanding (Diluted) | 140.67M | 138.24M | 138.32M | 139.79M | 140.67M | 142.14M |
| EPS (Basic) | 0.32 | 0.02 | 0.44 | 1.88 | 1.30 | 0.70 |
| EPS (Diluted) | 0.31 | 0.02 | 0.44 | 1.85 | 1.27 | 0.67 |
| Free Cash Flow | 242.60M | 132.58M | 119.89M | 249.49M | 215.47M | 157.89M |
| Free Cash Flow Per Share | 1.73 | 0.96 | 0.87 | 1.78 | 1.53 | 1.11 |
| Gross Margin | 69.49% | 68.22% | 68.20% | 69.82% | 68.45% | 62.42% |
| Operating Margin | 13.05% | 2.92% | 13.29% | 29.05% | 28.84% | 19.97% |
| Profit Margin | 5.53% | 0.59% | 12.00% | 35.14% | 27.09% | 18.61% |
| Free Cash Flow Margin | 30.00% | 25.34% | 23.54% | 33.84% | 32.63% | 30.64% |
| EBITDA | 158.17M | 50.76M | 106.41M | 248.61M | 219.75M | 127.36M |
| EBITDA Margin | 19.55% | 9.70% | 20.89% | 33.73% | 33.28% | 24.71% |
| D&A For EBITDA | 52.60M | 35.48M | 38.74M | 34.43M | 29.32M | 24.43M |
| EBIT | 105.57M | 15.28M | 67.68M | 214.18M | 190.43M | 102.93M |
| EBIT Margin | 13.05% | 2.92% | 13.29% | 29.05% | 28.84% | 19.97% |
| Effective Tax Rate | 24.89% | 76.95% | 1.77% | 1.75% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 128.28M | 133.89M | 136.29M | 128.32M | 145.72M | 131.57M |
| Cash & Short-Term Investments | 128.28M | 133.89M | 136.29M | 128.32M | 145.72M | 131.57M |
| Receivables | 162.63M | 109.95M | 98.94M | 115.57M | 101.36M | 85.53M |
| Inventory | 120.58M | 89.20M | 103.41M | 98.83M | 110.38M | 67.59M |
| Prepaid Expenses | 30.84M | 26.20M | 25.24M | 21.70M | 16.66M | |
| Total Current Assets | 497.63M | 363.87M | 364.83M | 367.95M | 379.17M | 301.35M |
| Property, Plant & Equipment | 155.25M | 116.49M | 66.86M | 64.03M | 65.20M | 61.91M |
| Goodwill | 1.37B | 315.36M | 315.36M | 315.36M | 315.36M | 315.36M |
| Other Intangible Assets | 559.72M | 4.14M | 4.59M | 20.97M | 25.07M | 29.78M |
| Long-Term Deferred Tax Assets | 4.76M | 62.67M | 66.98M | 57.76M | 1.02M | 953.00K |
| Other Long-Term Assets | 22.71M | 20.58M | 25.29M | 14.82M | 12.89M | 17.14M |
| Total Assets | 2.61B | 883.12M | 843.90M | 840.89M | 798.71M | 726.49M |
| Accounts Payable | 115.33M | 56.52M | 36.83M | 34.49M | 42.04M | 34.60M |
| Accrued Expenses | 143.37M | 36.16M | 25.24M | 31.69M | 46.45M | 34.02M |
| Current Portion of Long-Term Debt | 17.17M | |||||
| Current Portion of Leases | 5.98M | 5.82M | 5.57M | 6.45M | 5.70M | |
| Current Income Taxes Payable | 6.76M | 4.27M | ||||
| Current Unearned Revenue | 4.01M | 11.18M | 5.30M | 17.67M | 4.77M | |
| Other Current Liabilities | 15.01M | 20.55M | 13.59M | 10.50M | 9.93M | |
| Total Current Liabilities | 258.70M | 117.67M | 99.62M | 97.40M | 127.37M | 106.18M |
| Long-Term Debt | 869.08M | 128.75M | 140.76M | |||
| Long-Term Leases | 48.86M | 36.13M | 9.43M | 10.74M | 13.62M | 19.25M |
| Long-Term Deferred Tax Liabilities | 6.18M | 7.79M | 8.60M | |||
| Other Long-Term Liabilities | 15.70M | 15.27M | 23.92M | 34.56M | 34.01M | 40.07M |
| Total Liabilities | 1.19B | 169.07M | 132.97M | 148.87M | 311.55M | 314.86M |
| Common Stock | 1.42B | 1.37M | 1.38M | 1.37M | 1.37M | 1.37M |
| Additional Paid-In Capital | 503.65M | 504.30M | 545.59M | 599.30M | 701.69M | |
| Retained Earnings | 212.18M | 209.10M | 147.97M | -111.09M | -289.98M | |
| Comprehensive Income & Other | -3.14M | -3.84M | -2.91M | -2.41M | -1.45M | |
| Shareholders' Equity | 1.42B | 714.05M | 710.93M | 692.02M | 487.16M | 411.63M |
| Total Liabilities & Equity | 2.61B | 883.12M | 843.90M | 840.89M | 798.71M | 726.49M |
| Total Debt | 917.94M | 42.11M | 15.25M | 16.31M | 148.82M | 182.88M |
| Net Cash (Debt) | -789.66M | 91.78M | 121.04M | 112.01M | -3.10M | -51.31M |
| Net Cash Per Share | -5.61 | 0.66 | 0.88 | 0.80 | -0.02 | -0.36 |
| Filing Date Shares Outstanding | 140.86M | 136.79M | 137.83M | 137.55M | 137.38M | 137.69M |
| Total Common Shares Outstanding | 140.86M | 136.77M | 137.70M | 137.34M | 137.10M | 137.24M |
| Working Capital | 238.94M | 246.20M | 265.21M | 270.55M | 251.79M | 195.17M |
| Book Value Per Share | 10.06 | 5.22 | 5.16 | 5.04 | 3.55 | 3.00 |
| Tangible Book Value | -511.98M | 394.55M | 390.99M | 355.69M | 146.74M | 66.49M |
| Tangible Book Value Per Share | -3.63 | 2.88 | 2.84 | 2.59 | 1.07 | 0.48 |
| Machinery | 188.50M | 163.50M | 161.88M | 151.55M | 135.04M | |
| Leasehold Improvements | 12.19M | 15.39M | 13.52M | 12.42M | 12.96M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 44.74M | 3.08M | 61.13M | 259.06M | 178.88M | 95.92M |
| Depreciation & Amortization | 59.43M | 42.31M | 46.27M | 41.20M | 35.84M | 31.02M |
| Asset Writedown & Restructuring Costs | 3.50M | 3.50M | 13.93M | 1.15M | ||
| Stock-Based Compensation | 158.14M | 115.61M | 52.98M | 70.20M | 55.53M | 46.48M |
| Other Operating Activities | 13.98M | 5.93M | -21.73M | -58.06M | 5.33M | -187.00K |
| Change in Accounts Receivable | -21.22M | -21.22M | 23.31M | -10.36M | -14.16M | -12.01M |
| Change in Inventory | 14.21M | 14.21M | -4.58M | 11.55M | -42.78M | -3.00M |
| Change in Accounts Payable | 19.69M | 19.69M | 2.34M | -7.55M | 7.44M | 7.05M |
| Change in Other Net Operating Assets | -1.29M | -8.01M | -32.78M | -36.45M | 11.58M | 2.46M |
| Operating Cash Flow | 291.18M | 175.11M | 140.88M | 269.59M | 238.81M | 167.72M |
| Capital Expenditures | -48.57M | -42.53M | -20.98M | -20.10M | -23.34M | -9.84M |
| Cash Acquisitions | -971.35M | -68.10M | ||||
| Sale (Purchase) of Intangibles | -19.78M | -19.78M | -16.71M | -13.15M | -11.59M | -11.86M |
| Other Investing Activities | -24.14M | |||||
| Investing Cash Flow | -1.06B | -62.31M | -37.69M | -33.25M | -34.93M | -89.80M |
| Long-Term Debt Issued | 148.60M | |||||
| Long-Term Debt Repaid | -130.00M | -178.75M | -13.12M | |||
| Net Debt Issued (Repaid) | 862.73M | -130.00M | -30.15M | -13.12M | ||
| Issuance of Common Stock | 7.59M | 7.59M | 6.18M | 8.37M | 7.16M | 8.83M |
| Repurchase of Common Stock | -52.43M | -123.28M | -100.64M | -132.08M | -165.08M | -124.31M |
| Other Financing Activities | -34.97M | |||||
| Financing Cash Flow | 782.92M | -115.70M | -94.46M | -253.72M | -188.07M | -128.61M |
| Foreign Exchange Rate Adjustments | 105.00K | 493.00K | -749.00K | -26.00K | -1.65M | -75.00K |
| Net Cash Flow | 10.37M | -2.40M | 7.97M | -17.41M | 14.15M | -50.76M |
| Free Cash Flow | 242.60M | 132.58M | 119.89M | 249.49M | 215.47M | 157.89M |
| Free Cash Flow Margin | 30.00% | 25.34% | 23.54% | 33.84% | 32.63% | 30.64% |
| Free Cash Flow Per Share | 1.73 | 0.96 | 0.87 | 1.78 | 1.53 | 1.11 |
| Levered Free Cash Flow | 186.19M | 121.45M | 116.75M | 174.88M | 146.39M | 120.63M |
| Unlevered Free Cash Flow | 186.35M | 121.61M | 116.92M | 176.73M | 149.39M | 122.35M |
| Cash Interest Paid | 3.24M | 3.97M | 2.31M | |||
| Cash Income Tax Paid | 7.77M | 7.77M | 8.59M | 15.75M | 4.62M | 3.30M |
| Change in Working Capital | 11.39M | 4.67M | -11.71M | -42.80M | -37.92M | -5.50M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.56B | 10.76B | 8.13B | 9.52B | 8.89B | 10.55B |
| Enterprise Value | 14.35B | 10.66B | 8.03B | 9.43B | 8.94B | 10.56B |
| Last Close Price | 95.44 | 78.65 | 58.96 | 68.99 | 64.88 | 77.06 |
| PE Ratio | 305.09 | 3,488.41 | 133.07 | 36.76 | 49.71 | 110.01 |
| Forward PE | 28.45 | 57.44 | 64.21 | 36.45 | 33.10 | 66.59 |
| PS Ratio | 16.76 | 20.56 | 15.97 | 12.92 | 13.47 | 20.48 |
| PB Ratio | 9.49 | 15.07 | 11.44 | 13.76 | 18.25 | 25.64 |
| P/TBV Ratio | 27.27 | 20.81 | 26.77 | 60.60 | 158.70 | |
| P/FCF Ratio | 55.87 | 81.14 | 67.85 | 38.17 | 41.27 | 66.84 |
| P/OCF Ratio | 46.55 | 61.44 | 57.74 | 35.32 | 37.24 | 62.92 |
| PEG Ratio | 0.53 | 1.73 | 10.49 | 2.59 | 2.21 | 5.33 |
| EV/Sales Ratio | 17.74 | 20.38 | 15.77 | 12.79 | 13.54 | 20.49 |
| EV/EBITDA Ratio | 90.70 | 210.07 | 75.47 | 37.92 | 40.69 | 82.91 |
| EV/EBIT Ratio | 135.88 | 697.99 | 118.68 | 44.01 | 46.96 | 102.59 |
| EV/FCF Ratio | 59.13 | 80.42 | 66.99 | 37.78 | 41.50 | 66.88 |
| Debt / Equity Ratio | 0.65 | 0.06 | 0.02 | 0.02 | 0.30 | 0.44 |
| Debt / EBITDA Ratio | 5.50 | 0.72 | 0.13 | 0.06 | 0.65 | 1.35 |
| Debt / FCF Ratio | 3.78 | 0.32 | 0.13 | 0.07 | 0.69 | 1.16 |
| Net Debt / Equity Ratio | 0.56 | -0.13 | -0.17 | -0.16 | 0.01 | 0.12 |
| Net Debt / EBITDA Ratio | 4.99 | -1.81 | -1.14 | -0.45 | 0.01 | 0.40 |
| Net Debt / FCF Ratio | 3.25 | -0.69 | -1.01 | -0.45 | 0.01 | 0.33 |
| Asset Turnover | 0.47 | 0.61 | 0.60 | 0.90 | 0.87 | 0.73 |
| Inventory Turnover | 2.34 | 1.73 | 1.60 | 2.13 | 2.34 | 2.93 |
| Quick Ratio | 1.12 | 2.07 | 2.36 | 2.50 | 1.94 | 2.04 |
| Current Ratio | 1.92 | 3.09 | 3.66 | 3.78 | 2.98 | 2.84 |
| Return on Equity (ROE) | 4.21% | 0.43% | 8.71% | 43.94% | 39.80% | 24.10% |
| Return on Assets (ROA) | 3.82% | 1.11% | 5.02% | 16.33% | 15.61% | 9.15% |
| Return on Invested Capital (ROIC) | 5.55% | 0.58% | 11.57% | 40.02% | 39.25% | 23.55% |
| Return on Capital Employed (ROCE) | 4.50% | 2.00% | 9.10% | 28.80% | 28.40% | 16.60% |
| Earnings Yield | 0.33% | 0.03% | 0.75% | 2.72% | 2.01% | 0.91% |
| FCF Yield | 1.79% | 1.23% | 1.47% | 2.62% | 2.42% | 1.50% |
| Buyback Yield / Dilution | -1.81% | 0.06% | 1.05% | 0.62% | 1.04% | -0.61% |