LATTICE SEMICONDUCTOR CORP

Listed Company

LSCCCIK 0000855658NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Jan 2

Period

FY 2025

Revenue

$523.26M

Net Income

$3.08M

Total Assets

$883.12M

Equity

$714.05M

Shares Out

136.79M

Op. Cash Flow

$175.11M

Business

LATTICE SEMICONDUCTOR CORP develops low power programmable logic semiconductor technologies and system solutions for control, connectivity, and compute functions across networks from the Edge to the Cloud. The company offers FPGAs, specialized FPGA families, IP cores, reference designs, development kits, design software, integrated solution stacks, IP licensing, and design services. Its business is organized around three end market groups—Communications and Computing; Industrial and Automotive; and Consumer—along with legacy video connectivity ASSPs and IP licensing activities. Lattice sells globally through distributors, direct sales, manufacturers’ representatives, and online distributors, supported by field applications engineering and technical support.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	523	509	737	660	515
Cost of revenue	166	169	222	208	194
Gross margin	357	340	515	452	322
Research and development	188	159	160	136	111
Selling, general, and administrative	154	117	137	122	106
Amortization of acquired intangible assets	52,000	3	3	4	3
Restructuring Charges and Other Miscellaneous Costs	4	12	2	—	—
Impairment of Intangible Assets, Finite-Lived	0	14	0	0	—
Total operating expenses	346	306	302	265	221
Income (loss) from operations	11	34	212	187	101
Interest income (expense), net	3	4	2	−4	−3
Other income (expense), net	−751,000	−2	545,000	−1	−452,000
Income (loss) before income taxes	13	36	215	182	98
Income tax expense (benefit)	10	−25	−44	3	2
Net income	3	61	259	179	96
Basic (in dollars per share)	0.02	0.44	1.88	1.3	0.7
Diluted (in dollars per share)	0.02	0.44	1.85	1.27	0.67
Basic (in shares)	137	138	138	137	137
Diluted (in shares)	138	138	140	141	142

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	134	136	128	146	132
Accounts receivable, net	102	81	104	94	80
Inventories, net	89	103	99	110	68
Prepaid expenses and other current assets	39	44	36	29	22
Total current assets	364	365	368	379	301
Property and equipment, less accumulated depreciation of $123,654 at January 3, 2026 and $125,901 at December 28, 2024	77	53	50	48	38
Operating lease right-of-use assets	39	14	14	18	24
Intangible assets, net	4	5	21	25	30
Goodwill	315	315	315	315	315
Deferred income taxes	63	67	58	1	—
Other long-term assets	21	25	15	13	18
Total assets	883	844	841	799	726
Accounts payable	57	37	34	42	35
Accrued liabilities	31	46	36	48	26
Accrued payroll obligations	31	17	27	37	28
Total current liabilities	118	100	97	127	106
Long-term operating lease liabilities, net of current portion	36	9	11	14	19
Other long-term liabilities	15	24	41	42	49
Total liabilities	169	133	149	312	315
Contingencies (Note 14)	—	—	—	—	—
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued and outstanding	0	0	0	0	0
Common stock, $.01 par value, 300,000,000 shares authorized; 136,771,000 shares issued and outstanding as of January 3, 2026 and 137,704,000 shares issued and outstanding as of December 28, 2024	1	1	1	1	1
Additional paid-in capital	504	504	546	599	702
Retained earnings	212	209	148	−111	−290
Accumulated other comprehensive loss	−3	−4	−3	−2	−1
Total stockholders' equity	714	711	692	487	412
Total liabilities and stockholders' equity	883	844	841	799	726

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	35	39	34	29	24
Stock-based compensation expense	116	53	70	56	46
Change in deferred income tax provision	5	−12	−59	−1	−324,000
Change in noncurrent taxes payable	−384,000	−19	299,000	−3,000	—
Amortization of right-of-use assets	7	8	7	7	7
Impairment charges	3	14	0	—	—
Charge for expiring production materials	0	7	0	6	—
Other non-cash adjustments	1	3	253,000	754,000	137,000
Accounts receivable, net	−21	23	−10	−14	−12
Inventories, net	14	−5	12	−43	−3
Prepaid expenses and other assets	5	−11	−6	−6	2
Accounts payable	20	2	−8	7	7
Accrued liabilities	−20	−4	−13	15	−3
Accrued payroll obligations	13	−10	−10	9	10
Operating lease liabilities, current and long-term portions	−7	−8	−7	−6	—
Net cash provided by (used in) operating activities	175	141	270	239	168
Capital expenditures	−43	−21	−20	−23	−10
Cash paid for software and intellectual property licenses	−20	−17	−13	−12	−12
Net cash provided by (used in) investing activities	−62	−38	−33	−35	−90
Restricted stock unit tax withholdings	−23	−34	−52	−55	−54
Proceeds from issuance of common stock	8	6	8	7	9
Repurchase of common stock	−100	−67	−80	−110	−70
Repayment of long-term debt	0	0	−130	−179	−13
Net cash provided by (used in) financing activities	−116	−94	−254	−188	−129
Net increase (decrease) in cash and cash equivalents	−2	8	−17	14	−51
Effect of exchange rate change on cash	493,000	−749,000	−26,000	−2	−75,000
Interest paid	0	0	3	4	2
Income taxes paid, net of refunds	8	9	16	5	3
Operating lease payments	8	10	8	7	8
Accrued purchases of plant and equipment	7	2	392,000	1	1
Operating lease right-of-use assets obtained in exchange for lease obligations	33	7	4	2	8

Filings

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