CluenexLattice Semiconductor LSCC
Lattice Semiconductor scores average on business quality (5.2 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Lattice Semiconductor does
Lattice Semiconductor designs low-power programmable logic devices, selling chips and software design tools primarily to communications, computing, and industrial customers. The company focuses on expanding its Nexus and Avant FPGA platforms to capture low-power edge computing demand.
- What it does best
Lattice delivers industry-leading low-power field programmable gate arrays, achieving a gross margin of 69% that outperforms peers like GFS at 27%. This efficiency stems from specialized proprietary design architectures that rivals cannot easily duplicate without massive engineering redesigns.
- The main risk
Valuation risks loom large as AI infrastructure hype pushes the stock well above intrinsic value estimates. With a P/E ratio exceeding 520, any stumble in execution or demand cooling will trigger severe multiple contraction for holders.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins compress down to 8.5% despite a high gross margin, dragged down by elevated operating expenses relative to revenue. Scale does not yet translate to efficient bottom-line conversion.
The company builds a moderate moat via proprietary design software that locks engineers into its FPGA ecosystem. Its gross margin sits in the sector's top quartile, protecting pricing power against peers like ON.
Revenue growth sits near 2.8%, lagging far behind historical peaks and reflecting a severely stalled top line. The business struggles to gain traction in its core markets.
Lattice carries zero debt and holds $134 million in cash, creating a bulletproof balance sheet. Free cash flow hit $199 million, reinforcing exceptional financial strength.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on LSCC
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Lattice Semiconductor scores average on the Cluenex quality check (5.2 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 2, 2026, after the close.
See LSCC today
- Today's verdict on LSCC, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Lattice Semiconductor (LSCC)”, https://cluenex.com/stocks/lscc/, data as of Oct 10, 2026.