Lattice Semiconductor Posts Modest Revenue Gain, EPS Flat at $0.01
Ticker: LSCC · Form: 10-Q · Filed: Aug 4, 2025 · CIK: 855658
| Field | Detail |
|---|---|
| Company | Lattice Semiconductor Corp (LSCC) |
| Form Type | 10-Q |
| Filed Date | Aug 4, 2025 |
| Risk Level | medium |
| Sentiment | mixed |
Sentiment: mixed
Topics: Semiconductors, Earnings, 10-Q Analysis, Revenue Growth, EPS Stability, Contract Risk, Financial Reporting
Related Tickers: LSCC, XLNX, ALTR
TL;DR
LSCC's revenue bump is overshadowed by stagnant EPS, signaling potential margin woes that could cap upside for investors.
AI Summary
Lattice Semiconductor Corp (LSCC) reported revenue of $131.529 million for the quarter ended June 28, 2025, an increase from $125.901 million in the prior comparable period. The company maintained diluted earnings per share at $0.01 for both the current quarter and the prior comparable period. Key business changes include the cancellation of certain contracts, resulting in termination fees. The strategic outlook remains focused on its core semiconductor and related devices business, as indicated by its SIC code 3674. Risks include potential impacts from contract cancellations and the competitive landscape within the semiconductor industry. The company's common stock outstanding remained at 136,664,000 shares as of June 28, 2025, consistent with December 28, 2024. Additional paid-in capital increased from $137,704,000 on December 28, 2024, to $137,704,000 on June 28, 2025, indicating no change. Retained earnings and accumulated other comprehensive income also showed stability across the periods.
Why It Matters
For investors, LSCC's flat EPS despite a revenue increase suggests margin pressures or increased operational costs, which could impact future profitability and stock performance. Employees might face uncertainty if contract cancellations lead to restructuring, while customers could see shifts in product availability or support. In the broader market, LSCC's performance reflects trends in the semiconductor sector, particularly for specialized devices, and its competitive position against larger players like Xilinx or Altera remains crucial for long-term growth.
Risk Assessment
Risk Level: medium — The risk level is medium due to flat diluted EPS at $0.01 despite a revenue increase from $125.901 million to $131.529 million, suggesting potential margin compression. Additionally, the filing mentions termination fees on the cancellation of certain contracts, which could indicate business instability or strategic shifts that carry execution risk.
Analyst Insight
Investors should scrutinize LSCC's upcoming earnings calls for detailed explanations on margin performance and the impact of contract cancellations. Consider holding existing positions but deferring new investments until clearer profitability trends emerge and the strategic implications of contract changes are fully understood.
Financial Highlights
- revenue
- $131.529M
- eps
- $0.01
- revenue Growth
- +4.46%
Key Numbers
- $131.529M — Revenue (Increased from $125.901M in the prior comparable period.)
- $0.01 — Diluted EPS (Remained flat compared to the prior comparable period.)
- 136.664M — Common Shares Outstanding (Consistent as of June 28, 2025, and December 28, 2024.)
- 3674 — SIC Code (Indicates the company's focus on Semiconductors & Related Devices.)
- 2025-06-28 — Period End Date (The end of the reporting period for this 10-Q filing.)
Key Players & Entities
- LATTICE SEMICONDUCTOR CORP (company) — filer of the 10-Q
- Tracy Feanny (person) — Senior Vice President, General Counsel and Secretary
- $131,529,000 (dollar_amount) — revenue for Q2 2025
- $125,901,000 (dollar_amount) — revenue for Q2 2024
- $0.01 (dollar_amount) — diluted earnings per share for Q2 2025 and Q2 2024
- 136,664,000 (dollar_amount) — common shares outstanding as of June 28, 2025
- SEC (regulator) — recipient of the 10-Q filing
- Bloomberg (company) — publisher of the analysis
- Hillsboro, OR (company) — business address of Lattice Semiconductor Corp
- May 29, 2025 (person) — date of Tracy Feanny's signature
FAQ
What were Lattice Semiconductor's revenues for the quarter ended June 28, 2025?
Lattice Semiconductor Corp reported revenues of $131.529 million for the quarter ended June 28, 2025, an increase from $125.901 million in the prior comparable period.
How did Lattice Semiconductor's diluted earnings per share change in Q2 2025?
Lattice Semiconductor's diluted earnings per share remained flat at $0.01 for the quarter ended June 28, 2025, consistent with the prior comparable period.
Who signed the 10-Q filing for Lattice Semiconductor Corp?
The 10-Q filing for Lattice Semiconductor Corp was signed by Tracy Feanny, Senior Vice President, General Counsel and Secretary, on May 29, 2025.
What is the primary business of Lattice Semiconductor Corp according to its SIC code?
Lattice Semiconductor Corp's primary business, as indicated by its SIC code 3674, is Semiconductors & Related Devices.
What risks are highlighted in Lattice Semiconductor's Q2 2025 10-Q?
The Q2 2025 10-Q for Lattice Semiconductor highlights risks including potential impacts from contract cancellations, which resulted in termination fees, and the competitive landscape within the semiconductor industry.
How many common shares were outstanding for Lattice Semiconductor as of June 28, 2025?
As of June 28, 2025, Lattice Semiconductor Corp had 136,664,000 common shares outstanding, which was consistent with the number reported on December 28, 2024.
What was the change in additional paid-in capital for Lattice Semiconductor between December 28, 2024, and June 28, 2025?
Lattice Semiconductor's additional paid-in capital remained unchanged at $137,704,000 between December 28, 2024, and June 28, 2025.
What is the fiscal year end for Lattice Semiconductor Corp?
Lattice Semiconductor Corp's fiscal year ends on January 3rd.
Where is Lattice Semiconductor Corp's business address located?
Lattice Semiconductor Corp's business address is 5555 NE Moore Ct, Hillsboro, OR 97124.
What does the flat EPS despite revenue growth imply for Lattice Semiconductor investors?
For Lattice Semiconductor investors, flat EPS despite revenue growth implies potential margin pressures or increased operational costs, which could limit profitability and future stock appreciation.
Risk Factors
- Contract Cancellations and Termination Fees [medium — operational]: The company reported termination fees due to the cancellation of certain contracts. While the specific impact on profitability is not detailed, this indicates potential disruptions in business relationships and revenue streams. The company's SIC code 3674 highlights its focus on semiconductors, a sector sensitive to supply chain and customer demand fluctuations.
- Competitive Semiconductor Landscape [high — market]: Lattice Semiconductor operates within the highly competitive semiconductor industry. This sector is characterized by rapid technological advancements, intense pricing pressures, and a need for continuous innovation. Success depends on maintaining a competitive edge in product development and market penetration.
Industry Context
Lattice Semiconductor operates in the dynamic semiconductor industry, specifically focusing on semiconductors and related devices (SIC 3674). This sector is characterized by rapid innovation cycles, intense global competition, and significant capital investment requirements. Key trends include the increasing demand for specialized chips in areas like AI, IoT, and automotive, alongside ongoing supply chain challenges and geopolitical considerations impacting manufacturing and distribution.
Regulatory Implications
As a publicly traded company, Lattice Semiconductor is subject to SEC regulations and reporting requirements, including the timely filing of 10-Q reports. The company's operations may also be influenced by trade regulations and export controls relevant to the semiconductor industry, particularly concerning international markets and technology.
What Investors Should Do
- Monitor impact of contract cancellations
- Analyze competitive positioning
- Evaluate margin stability
Key Dates
- 2025-06-28: Quarterly Report (10-Q) Filing — Provides the latest financial performance and operational updates for the period ending June 28, 2025.
- 2025-08-04: Filing Date of 10-Q — Indicates the official submission date of the quarterly report to the SEC.
- 2025-06-28: Common Stock Outstanding Record Date — Confirms the number of outstanding shares as of this date, which is 136,664,000.
- 2024-12-28: Previous Period End Date — Serves as a comparison point for the current quarter's financial results.
Glossary
- SIC Code 3674
- Standard Industrial Classification code for Semiconductors and Related Devices, indicating the company's primary business area. (Confirms Lattice Semiconductor's focus on the design, development, and manufacturing of semiconductor products.)
- Diluted Earnings Per Share (EPS)
- A measure of a company's profit allocated to each outstanding share of common stock, assuming all convertible securities and stock options were exercised. (Shows that despite revenue growth, the net income per share remained stable at $0.01 for the quarter.)
- Additional Paid-In Capital
- The amount of capital raised by a company from the issuance of stock above its par value. (Indicates stability in equity financing, with no change reported from the previous period ($137,704,000).)
- Retained Earnings
- The cumulative amount of net income that a company has retained over time, rather than distributing as dividends. (Its stability suggests a consistent approach to profit retention or a balance between earnings and distributions/investments.)
- Accumulated Other Comprehensive Income (AOCI)
- Represents unrealized gains and losses that are not included in net income but are reported in a separate section of the income statement. (Stability in AOCI suggests no significant fluctuations from items like foreign currency translation adjustments or pension adjustments.)
Year-Over-Year Comparison
Compared to the prior comparable period, Lattice Semiconductor reported a revenue increase to $131.529 million from $125.901 million, a growth of approximately 4.46%. However, diluted EPS remained flat at $0.01, indicating that increased costs or other factors may have offset the revenue gains. Key balance sheet items like common stock outstanding, additional paid-in capital, retained earnings, and accumulated other comprehensive income showed stability, suggesting no significant changes in share structure or overall equity components between the periods.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on August 4, 2025 by Tracy Feanny regarding LATTICE SEMICONDUCTOR CORP (LSCC).