Lattice Semiconductor reports record Q2 revenue of $201.1 million
Lattice Semiconductor (LSCC) reported fiscal Q2 2026 revenue of $201.1 million, up 62.2% year over year and 17.7% sequentially. GAAP net income was $19.4 million, or $0.14 per diluted share, with GAAP gross margin of 70.3%. The company closed its $1.65 billion AMI acquisition and guided Q3 FPGA revenue to $210 million to $230 million.
How this was made
The 30-second read
Why it matters
The combination of a record Q2 revenue print, quantified AMI contribution, and explicit Q3 revenue ranges provides a direct re-rating opportunity for near-term expectations and model updates.
Market read
This is a primary earnings and guidance update with acquisition integration details, which typically drives same-day positioning and next-week estimate revisions.
What to watch
Traders may focus on whether GAAP vs non-GAAP profitability and operating cash flow sustainability improve post-acquisition, not just revenue growth.
Background
Lattice Semiconductor closed its $1.65B acquisition of AMI and is now incorporating AMI into its quarterly reporting and forward guidance.
Ticker impact
Lattice reported fiscal Q2 2026 revenue of $201.1M (+62.2% YoY) and guided Q3 total revenue to $245M-$265M including AMI.
Likely positive bias for near-term trading as the quarter beat growth and AMI contribution are quantified, though the stock may still react to whether margins and FPGA demand align with expectations.
The article discloses fresh, decision-relevant datapoints: Q2 revenue, GAAP net income, operating cash flow, and explicit Q3 revenue ranges that incorporate the recently closed $1.65B AMI acquisition.
Market effects
Strength in FPGA-related revenue and margin (70.3% GAAP gross margin) can support sentiment across programmable logic and semiconductor peers with similar end-market exposure.
Limited direct regional spillover implied; impact is primarily company-specific within US semis.
AMI acquisition contribution and guidance may influence global supply-chain and competitive positioning narratives for FPGA/edge compute markets.
Counterpoint
The headline growth may be heavily influenced by AMI’s two-month contribution, so organic FPGA demand strength could be less robust than the YoY headline suggests.
Key entities
- companyLattice Semiconductor
Reported record fiscal Q2 2026 revenue, GAAP net income, operating cash flow, and issued Q3 2026 revenue guidance including AMI contribution.
- companyAMI
Acquired business whose contribution is included for about two months in Lattice’s Q3 guidance.
