Lattice Semiconductor (LSCC) financial statements
Lattice Semiconductor reported revenue of $523M in fiscal 2025, up 2.3% a year over 9 years.
Net income was $3M and the operating margin 2.1%, against -6.3% in 2016.
Free cash flow was $133M, and the company returned $100M in net buybacks.
The diluted share count rose 15% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Lattice Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $427M | $386M | $399M | $404M | $408M | $515M | $660M | $737M | $509M | $523M |
| Cost of revenue | $180M | $169M | $179M | $166M | $163M | $194M | $208M | $222M | $169M | $166M |
| Gross profit | $247M | $217M | $219M | $238M | $245M | $322M | $452M | $515M | $340M | $357M |
| Research and development | $118M | $103M | $82M | $79M | $89M | $111M | $136M | $160M | $159M | $188M |
| Selling, general and admin | $99M | $91M | $91M | $83M | $95M | $106M | $122M | $137M | $117M | $154M |
| Operating income | -$27M | -$48M | -$3M | $59M | $52M | $101M | $187M | $212M | $34M | $11M |
| Interest expense | $20M | $19M | $21M | $12M | $4M | $3M | $4M | $3M | $266,000 | $264,000 |
| Pre-tax income | -$44M | -$70M | -$24M | $45M | $48M | $98M | $182M | $215M | $36M | $13M |
| Income tax | $10M | $849,000 | $2M | $2M | $1M | $2M | $3M | -$44M | -$25M | $10M |
| Net income | -$54M | -$71M | -$26M | $43M | $47M | $96M | $179M | $259M | $61M | $3M |
| EPS (diluted) | -$0.45 | -$0.58 | -$0.21 | $0.32 | $0.34 | $0.67 | $1.27 | $1.85 | $0.44 | $0.02 |
| Diluted shares | 120M | 123M | 127M | 137M | 141M | 142M | 141M | 140M | 138M | 138M |
| Gross margin | 57.9% | 56.1% | 55.0% | 59.0% | 60.1% | 62.4% | 68.5% | 69.8% | 66.8% | 68.2% |
| Operating margin | -6.3% | -12.3% | -0.8% | 14.6% | 12.8% | 19.6% | 28.4% | 28.8% | 6.8% | 2.1% |
| Net margin | -12.7% | -18.3% | -6.6% | 10.8% | 11.6% | 18.6% | 27.1% | 35.1% | 12.0% | 0.6% |
Balance sheet
Fiscal years, from Lattice Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $117M | $112M | $127M | $118M | $182M | $132M | $146M | $128M | $136M | $134M |
| Receivables | $100M | $55M | $61M | $65M | $65M | $80M | $94M | $104M | $81M | $102M |
| Inventory | $79M | $80M | $67M | $55M | $65M | $68M | $110M | $99M | $103M | $89M |
| Total current assets | $315M | $263M | $284M | $262M | $334M | $301M | $379M | $368M | $365M | $364M |
| Property, plant and equipment | $49M | $40M | $35M | $39M | $40M | $38M | $48M | $50M | $53M | $77M |
| Goodwill | $270M | $268M | $268M | $268M | $268M | $315M | $315M | $315M | $315M | $315M |
| Total assets | $767M | $636M | $624M | $612M | $680M | $726M | $799M | $841M | $844M | $883M |
| Total current liabilities | $158M | $84M | $69M | $100M | $80M | $106M | $127M | $97M | $100M | $118M |
| Long-term debt | $301M | $300M | $251M | $125M | $158M | $141M | $129M | $0 | — | — |
| Total liabilities | $496M | $418M | $365M | $284M | $296M | $315M | $312M | $149M | $133M | $169M |
| Shareholders' equity | $270M | $245M | $258M | $328M | $384M | $412M | $487M | $692M | $711M | $714M |
| Net debt | $228M | $194M | $141M | $28M | -$12M | $26M | -$17M | -$128M | -$136M | -$134M |
Cash flow
Fiscal years, from Lattice Semiconductor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $42M | $39M | $51M | $124M | $92M | $168M | $239M | $270M | $141M | $175M |
| Capital spending | $17M | $13M | $8M | $16M | $12M | $10M | $23M | $20M | $21M | $43M |
| Free cash flow | $25M | $26M | $43M | $109M | $80M | $158M | $215M | $249M | $120M | $133M |
| Stock-based compensation | $16M | $13M | $14M | $19M | $40M | $46M | $56M | $70M | $53M | $116M |
| Share buybacks (net) | $0 | $0 | $0 | $0 | -$15M | -$70M | -$110M | -$80M | -$67M | -$100M |
| Net borrowing | -$5M | -$35M | -$44M | -$321M | $24M | -$13M | -$30M | -$130M | $0 | $0 |
| Free cash flow margin | 5.9% | 6.6% | 10.8% | 26.9% | 19.5% | 30.6% | 32.6% | 33.8% | 23.5% | 25.3% |
Questions
What was Lattice Semiconductor's revenue in 2025?
$523M in fiscal 2025, from its 10-K filing.
How much free cash flow does Lattice Semiconductor generate?
$133M in fiscal 2025 (operating cash flow minus capital spending).
From Lattice Semiconductor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.