Lattice Semiconductor's second quarter revenue of $201.1M surges 62% YoY, crushing estimates

Lattice Semiconductor reported record second quarter 2026 revenue of $201.1 million, up 62.2% year-over-year, significantly beating expectations. Non-GAAP earnings per share grew over 120% to $0.53, also well ahead of consensus, driven by strong customer demand and record performance in the Compute & Communications segment.

Key Highlights

• Record Q2 revenue grew 62.2% year-over-year to $201.1 million, driven by strong demand and accelerating backlog.
• Non-GAAP diluted EPS increased more than 120% year-over-year to $0.53, reflecting significant operating leverage.
• The company guided for strong Q3 2026 FPGA revenue growth of 65% year-over-year at the midpoint, with total revenue guidance of $245 million to $265 million, including the recent AMI acquisition.
• The acquisition of AMI for $1.65 billion closed on July 27, 2026, and is expected to be immediately accretive to non-GAAP gross margin, EBITDA, and EPS.