Key Highlights

  • 11% was the gain for Lattice Semiconductor (NASDAQ:LSCC) on November 3, 2026, after third-quarter Revenue of USD 291.0 million, up 118.3% year over year.
  • USD 0.72 of non-GAAP diluted Earnings a share, against GAAP diluted earnings of USD 0.08, with non-GAAP gross Margin of 70.9% and GAAP gross margin of 67.4%.
  • USD 325 million to USD 345 million is the fourth-quarter revenue guidance, with non-GAAP gross margin of 72.0%, plus or minus 1%.
  • USD 0.82 to USD 0.86 is fourth-quarter non-GAAP earnings guidance, with non-GAAP operating expenses of USD 95 million to USD 101 million.

What Lattice Reported

Lattice reported fiscal third-quarter 2026 results on November 2, 2026, for the quarter ended October 3. Revenue was USD 291.0 million, up 118.3% year over year. GAAP gross margin was 67.4% and non-GAAP gross margin was 70.9%. GAAP diluted earnings were USD 0.08 a share and non-GAAP diluted earnings were USD 0.72, so adjustments such as Stock Compensation and Acquisition costs account for USD 0.64 a share (simple arithmetic). Shares closed up 10.98% on November 3, according to published market data, which listed the stock among the top gainers. The shares had traded with the wider chip group, which fell on November 2 and rebounded on November 3, so part of the move was sector-wide. Lattice Semiconductor (NASDAQ:LSCC) also supplied a detailed fourth-quarter outlook, which investors often value more than the quarter just reported.

What Lattice Makes and What Guidance Implies

Lattice designs low-power programmable chips, known as field programmable gate arrays, that customers configure after manufacture to handle tasks such as communications, computing and industrial control. Revenue growth accelerated, since the second quarter had risen 62% according to published coverage of that report. Fourth-quarter guidance of USD 325 million to USD 345 million has a midpoint of USD 335 million, about 15% above the third quarter (simple arithmetic). The headline figures do not break out what drove the acceleration, so investors should read the Earnings Call for detail on end markets and any acquisitions. Gross margin guidance of about 72% for the fourth quarter is higher than the 70.9% just reported, which would add to earnings power if achieved. Operating expenses of USD 95 million to USD 101 million are modest against USD 325 million to USD 345 million of revenue.

Risks and What to Watch Next

A jump from 62% growth to 118% growth raises the bar sharply, and any slowdown would be punished. The large gap between GAAP and non-GAAP earnings means reported profit is much thinner than adjusted profit. Semiconductor Demand is cyclical, and shares of chip makers fell on November 2 before rebounding on November 3, which shows how quickly sentiment shifts. Investors will watch whether fourth-quarter revenue lands in the USD 325 million to USD 345 million range, whether gross margin holds near 72%, and how operating expenses behave against the USD 95 million to USD 101 million guide. Customer concentration, inventory levels and the share of revenue from new products are also worth checking in the full filing, along with any commentary on pricing.

Where Things Stand

Lattice jumped 11% because revenue more than doubled, margins are high and guidance points to further sequential growth. The acceleration from 62% growth in the prior quarter explains the enthusiasm, but it also raises expectations. GAAP profit is much lower than adjusted profit. For Lattice Semiconductor (NASDAQ:LSCC), the fourth-quarter report is the next test, and chip sentiment can swing quickly. A strong session does not predict the next. Nothing here is Investment advice.