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Lattice Semiconductor Stock Jumps 11% on Record Q3 Earnings
Why is Lattice Semiconductor stock up today?
Lattice Semiconductor (LSCC) stock rose about 11% to near $107 on Tuesday after record third-quarter revenue and a 2027 outlook for at least 60% growth, driven by AI data-center chip demand.
Key numbers
| Q3 revenue | $291.0M+118% YoY |
|---|---|
| Non-GAAP EPS | $0.72~+160% YoY |
| Q4 revenue guidance | $325M–$345M~14% above consensus |
| FPGA revenue | $252M+90% YoY |
| 2027 revenue growth outlook | At least 60%Five-year growth above 30% a year |
| Share move Nov 3 | ~$107+11.9% (reports range 8.6%–12.3% intraday) |
What happened
Lattice Semiconductor (LSCC) stock rose about 11% to near $107 on Tuesday after record third-quarter revenue and a 2027 outlook for at least 60% growth, driven by AI data-center chip demand. Lattice makes programmable chips (FPGAs) that customers can reconfigure after buying them, and AI data centers are using more of them. Sales hit a record $291 million, more than double a year ago (up 118%), and beat the roughly $256 million analysts expected. The company also guided fourth-quarter sales of $325 million to $345 million, about 14% above forecasts.
Why it matters
Lattice Semiconductor's results show AI spending is lifting smaller chip makers, not only the biggest chip companies. The company says sales should grow at least 60% in 2027, which is very fast for a chip firm. The stock is also priced high, at about 412 times its past-year profits (P/E), so investors are betting that this growth continues.
Who this affects
- MarketbullishMedium impact
- Chip investors see AI demand reaching smaller companies too.
- CompanybullishHigh impact
- Shareholders gain from record sales and a stronger 2027 forecast.
- CompetitorsmixedLow impact
- Rival programmable-chip makers face a fast-growing, well-funded Lattice.
- IndustrybullishMedium impact
- AI data centers are adding demand for flexible control chips.
Lattice Semiconductor vs AMD, Microchip Technology
How we got here
Lattice reports record Q3 revenue of $291 million after the market closes.
Shares jump about 11% in early trading, near $106–$107.
Stifel, Rosenblatt and Baird raise price targets to $175, $200 and $195.
What to watch
- Whether Q4 revenue lands inside the $325–$345 million guidance rangeQ1 2027
- Whether 2027 growth of at least 60% holds as AI data-center demand evolves2027
- How the stock holds up given its high valuation of about 412 times earningsQ4 2026
Educational content only. Not investment advice.
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