Filing Flows › Lattice Semiconductor (LSCC) › Q1 2026
Lattice Semiconductor (LSCC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Lattice Semiconductor (LSCC) reported revenue of $171M for the first quarter 2026 (Q1 2026), +42% from a year earlier and +17% from the quarter before. Operating margin was 15.3%, net earnings $21.8M (12.8% of revenue).
Lattice Semiconductor, Q1 2026: revenue $171M (+42% year over year), operating margin 15.3%, net earnings $21.8M, operating cash flow $50.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +17% | +42% |
| Gross profit | $118M | +18% | +44% |
| Operating profit | $26.1M | 24× | +274% |
| Net earnings | $21.8M | — | +334% |
| Operating cash flow | $50.3M | -13% | +58% |
| Free cash flow | $39.7M | -10% | +71% |
What changed
Revenue was $170.9M in Q1 2026, up 42% year over year and up 17% from the previous quarter.
Gross margin was 68.8%, up 0.8 points from Q1 2025. Operating profit was $26.1M, a 15.3% margin (up 9.4 points year over year). Of the extra revenue versus Q1 2025, 38% reached operating profit, above the 6% margin then. Operating expenses grew 22% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+159%). Net earnings were $21.8M, up 334% year over year. The effective tax rate was 20.0%.
Operating cash flow was $50.3M (up 58% year over year), 230% of net earnings. Non-cash charges added back $28.1M of share-based compensation. Capital expenditures of $10.5M left free cash flow of $39.7M.
Questions
What was Lattice Semiconductor's revenue in the first quarter 2026?
Lattice Semiconductor (LSCC) reported revenue of $171M for the first quarter 2026 (Q1 2026), +42% from a year earlier and +17% from the quarter before.
Was Lattice Semiconductor profitable in the first quarter 2026?
Operating profit was $26.1M (15.3% of revenue) and net earnings $21.8M.