Lattice Semiconductor Corporation (LSCC) Stock

Lattice Semiconductor Corporation (LSCC) is a Technology stock trading at $117.52 (as of 2026-08-20), with a market capitalization of $16.10B and a trailing P/E of 810.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lattice Semiconductor Corporation develops and sells semiconductor products, including field-programmable gate arrays with multiple families and video connectivity application-specific components. It also licenses parts of its technology portfolio through IP and IP core licensing and related IP services, selling to customers directly and through distributors and representatives across communications, computing, consumer, and industrial/automotive markets.

Understand Lattice Semiconductor Corporation: how it makes money

Lattice Semiconductor designs and sells programmable logic semiconductor products (field programmable gate arrays across Certus-NX and ECP, Mach, iCE40, and CrossLink), plus video connectivity application specific standard products, and it also earns revenue by licensing its technology portfolio through standard IP, IP core licensing, patent monetization, and IP services.

The profit model combines (1) selling FPGA and related products to a broad customer base and (2) licensing IP technology, so customer adoption and software attachment, not just unit demand, are structurally important drivers of revenue quality and profitability.

Business quality (Solid): Clear revenue drivers exist across product sales and IP licensing, but the investor view likely needs close monitoring of software attachment and related engagement metrics because margins and growth can hinge on adoption beyond initial hardware shipments.

Valuation: At 1098× earnings, LSCC trades 2040% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

Multiple monetization paths: Revenue comes from both selling programmable logic and related connectivity products and from licensing the technology portfolio (standard IP, IP core licensing, patent monetization, and IP services).
Software attachment is tracked: The company discloses an operating metric for Software Attach Rate (Avant and Nexus Context), which suggests investors should watch how often customers pair its hardware with its software ecosystem.

Bear case

Adoption risk behind key attach metrics: If software attach rates and server attach rates soften, the mix of revenue between product sales and higher value software or IP related monetization may deteriorate.
Working capital and execution pressure: The provided snapshot includes an Inventory Reduction (Internal) metric, implying inventory management remains an active operational focus.

Valuation — source: SEC EDGAR (first-party)
Price	$117.52
Market Cap	$16.10B
P/E Ratio	810.0
EV / EBITDA	526.3
Price / Book	21.75
Price / Sales	28.05
FCF Yield	0.9%
DCF Value (model)	$7.20
DCF Upside vs Price	-93.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$523.26M
Net Margin	0.6%
Revenue Growth (YoY)	42.2%
EPS Growth (YoY)	300.0%
FCF Growth (YoY)	70.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	58.35 (safe)

Valuation vs Sector & Industry
Stock P/E	810.0
Sector P/E (Technology)	33.9
Industry P/E (Electronic Equipment)	39.4
vs Sector	2287.2%
vs Industry	1956.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.54B)
Institutional Holders Tracked	10
Congressional Trades (recent)	7

Company
Sector	Technology
Industry	Electronic Equipment
CEO	Fouad G. Tamer
Employees	1,110
Country	US
IPO Date	1989-11-09

Related Companies (Business model: Fabless Semiconductors; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.