Q4 2025 Lattice Semiconductor Corp Earnings Call Transcript
Key Points
- Lattice Semiconductor Corp (LSCC) reported a strong Q4 2025 revenue of $145.8 million, marking a 9.3% sequential increase and a 24.2% year-over-year growth.
- The company achieved a full-year revenue of $523.3 million, aligning with expectations and demonstrating successful execution of their business strategy.
- LSCC's Q1 2026 revenue guidance of $165 million at the midpoint represents over 37% year-over-year growth, indicating strong recovery and momentum.
- The company is seeing accelerated design momentum in both data center AI and physical AI, with significant design wins in industrial robotics and human-machine interfaces.
- LSCC's non-GAAP EPS guidance for Q1 2026 is $0.36 at the midpoint, reflecting nearly 65% year-over-year growth, showcasing strong operating leverage and profitability.
- The industrial and automotive segment experienced an 18% decline in revenue in 2025, attributed to the normalization of channel inventory.
- Non-GAAP gross margin slightly decreased in Q4 2025 compared to Q3, reflecting shifts in product mix.
- The company faces increased lead times and tight supply conditions, particularly in substrates and assembly, which could impact future operations.
- Despite strong performance, LSCC's guidance range for Q1 2026 revenue is wider than usual, indicating potential uncertainty in revenue realization.
- The company is investing heavily in R&D and infrastructure, which could pressure operating expenses and margins if growth targets are not met.
Greetings and welcome to the lattice semiconductor 4th quarter in full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Rick Mushe, Vice President of Investor relations.
Thank you, Rick. You may begin.
Thank you, operator and good afternoon everyone. With me today are Ford Tamer, lattice's CEO, and Lorenzo Flores, lattice's CFO. We'll provide a financial and business review of the 4th quarter of 2025 and the business outlook for the first quarter of 2026.
If you have not obtained a copy of our earnings press release, it can be found at our company website in the investor relations section at latticesemi.com.
I would like to remind everyone that
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