[LSCC Q2 2026 Earnings Call] Revenue Jumps 62% to Record $201M, Annualized Run Rate Hits $1B After AMI Acquisition — BigGo Finance
Lattice Semiconductor reported Q2 FY2026 revenue of $201M, up 62% YoY and 18% sequentially, and non-GAAP EPS of $0.53, up over 120% YoY. The company said results reflect AMI acquisition closing in late July and expects Q3 revenue of $245M to $265M, implying an annualized run rate above $1B. AMI was bought for $1B cash and 5.2M shares.
How this was made
The 30-second read
Why it matters
Traders can update LSCC’s forward model using the provided Q3 revenue/EPS range, AMI contribution window, and the stated expectation that the margin drag clears by Q4.
Market read
Q2 beat and Q3 guidance after AMI close provide a fresh, model-updating catalyst for LSCC, with explicit run-rate and margin/EPS accretion commentary.
What to watch
Supply constraints are acknowledged, with a September turning point; any slippage in assembly/test capacity could delay the promised Q4 and 2027 momentum.
Background
Lattice closed the AMI acquisition at end of July and used the earnings call to quantify growth, margins, and a $1B+ annualized run-rate milestone.
Ticker impact
Lattice reported Q2 revenue of $201M (+62% YoY) and guided Q3 revenue to $245M-$265M after closing the $1B AMI acquisition.
Likely positive bias for LSCC into Q3 as traders price in the $1B+ annualized run rate and accretion narrative, offset by the temporary AMI margin step-down.
The article provides concrete, time-sensitive disclosures: Q2 results, Q3 guidance including AMI contribution, and explicit margin/EPS accretion expectations tied to the acquisition close.
Market effects
Reinforces AI data center demand read-through for FPGAs and compute infrastructure, potentially supporting sentiment across semis tied to AI servers and industrial automation.
Limited direct regional impact stated; mentions China channel slowdown as a temporary factor.
Highlights global semiconductor supply tightness and capacity agreements, relevant to broader fab/test and equipment planning.
Counterpoint
The AMI hardware pass-through creates a near-term gross margin drag in Q3, so the market may over-discount the temporary step-down if it focuses only on revenue growth.
Key entities
- companyLattice Semiconductor
Reported Q2 results, closed AMI acquisition, and issued Q3 guidance including AMI contribution and EPS range.
- acquired_companyAMI
Acquisition closed end of July; forecast to exit 2026 with >$200M run rate, >75% gross margins, and >40% EBITDA margins.
- executiveFord Tamer
CEO who discussed the rule-of-105 framework, supply timing, and visibility through end of 2027.
- executiveLorenzo Flores
CFO who discussed financial model leverage, margin profile, and EPS accretion timing.
