Key Highlights

  • Lattice Semiconductor (NASDAQ:LSCC) gained 11% on November 3, 2026, after third-quarter Revenue of USD 291.0 million, up 118.3% year over year.
  • Non-GAAP diluted Earnings were USD 0.72 a share, against GAAP diluted earnings of USD 0.08, with non-GAAP gross Margin of 70.9% and GAAP gross margin of 67.4%.
  • Fourth-quarter revenue guidance is USD 325 million to USD 345 million, with non-GAAP gross margin of 72.0%, plus or minus 1%.
  • Fourth-quarter non-GAAP earnings guidance is USD 0.82 to USD 0.86 a share, with non-GAAP operating expenses of USD 95 million to USD 101 million.

What Lattice Reported

Lattice reported fiscal third-quarter 2026 results on November 2, 2026 for the quarter ended October 3. Revenue was USD 291.0 million, up 118.3% year over year. GAAP gross margin was 67.4% and non-GAAP gross margin was 70.9%. GAAP diluted earnings were USD 0.08 a share and non-GAAP diluted earnings were USD 0.72, so adjustments such as Stock Compensation and Acquisition costs account for USD 0.64 a share, simple arithmetic. The shares closed up 10.98% on November 3, according to published market data, which listed the stock among the day's top gainers. The wider chip group fell on November 2 and rebounded on November 3, so part of the move was sector-wide. Lattice Semiconductor (NASDAQ:LSCC) also supplied a detailed fourth-quarter outlook, which investors often weigh more heavily than the quarter just reported.

What Lattice Makes and What Guidance Implies

Lattice designs low-power programmable chips, known as field programmable gate arrays, that customers configure after manufacture for tasks such as communications, computing and industrial control. Growth accelerated, since the second quarter had risen 62% according to published coverage of that report. Fourth-quarter guidance of USD 325 million to USD 345 million has a midpoint of USD 335 million, about 15% above the third quarter, simple arithmetic. The headline figures do not explain what drove the acceleration, so investors should check the Earnings Call for detail on end markets and any acquisitions. Gross margin guidance of about 72% is above the 70.9% just reported, which would add to earnings power if achieved. Operating expenses of USD 95 million to USD 101 million are modest against USD 325 million to USD 345 million of revenue.

Risks and What to Watch Next

Moving from 62% growth to 118% growth raises the bar sharply, and any slowdown would be punished. The wide gap between GAAP and non-GAAP earnings means reported profit is much thinner than adjusted profit. Semiconductor Demand is cyclical, and chip shares fell on November 2 before rebounding on November 3, which shows how quickly sentiment shifts. Investors will watch whether fourth-quarter revenue lands in the USD 325 million to USD 345 million range, whether gross margin holds near 72% and how operating expenses behave against the USD 95 million to USD 101 million guide. Customer concentration, inventory levels and the share of revenue from new products are also worth checking in the full filing, along with pricing commentary.

Where Things Stand

Lattice jumped 11% because revenue more than doubled, margins are high and guidance points to further sequential growth. The step-up from 62% growth in the prior quarter explains the enthusiasm, but it also lifts expectations. GAAP profit is much lower than adjusted profit. For Lattice Semiconductor (NASDAQ:LSCC), the fourth-quarter report is the next test, and chip sentiment can swing quickly. A strong session does not predict the next one. Nothing here is Investment advice.