New York, Feb 12, 2026, 09:01 EST — Premarket
- LSCC edged up roughly 0.1% in premarket action, staying close to where it finished on Wednesday.
- Lattice put out a first-quarter revenue forecast between $158 million and $172 million, and also increased its buyback authorization.
- Wall Street analysts raised their price targets after the company posted its latest quarterly results and outlook.
Lattice Semiconductor (LSCC) traded at $105.85, up 0.1% ahead of the bell Thursday, holding the line after a strong run sparked by a bullish forecast and an expanded buyback announcement. 1
The shares finished Wednesday at $105.77, up 16.3%. They traded between $101.18 and $107.73 during the session, Investing.com data showed. Roughly 6.12 million shares changed hands, higher than the usual pace. 2
This shift is significant—Lattice’s guidance signals a rethink on growth for the specialty chipmaker, which spent much of last year clearing excess inventory from distributors. The stock typically reacts quickly to any signs of weakness.
Lattice’s field-programmable gate arrays, or FPGAs—chips designed to be reprogrammed post-manufacture—turn up in data centers, communications hardware, and industrial setups. These days, the company has zeroed in on “companion” uses for its chips, targeting spots where power efficiency and low latency are critical.
Lattice on Feb. 10 disclosed in an SEC filing that it had released its fourth-quarter and full-year results for the period ending Jan. 3, 2026. 3
Lattice posted fourth-quarter revenue of $145.8 million, with non-GAAP earnings landing at 32 cents a share. Looking ahead, the company’s first-quarter outlook calls for revenue between $158 million and $172 million, and non-GAAP EPS in the 34-to-38-cent range. The board signed off on another $250 million for share buybacks, following roughly $100 million repurchased in 2025. CEO Ford Tamer highlighted “server revenues up approximately 85% year over year.” 4
FactSet’s analyst consensus had pegged fourth-quarter sales near $143.2 million, according to Investor’s Business Daily, with estimates for first-quarter adjusted earnings and revenue coming in under Lattice’s own projections. Shares surged more than 9% in after-hours trade following the release. 5
On the call, Tamer put Lattice’s FPGA attach rates in servers on track to top three units per server in 2026, as average selling prices climb. CFO Lorenzo Flores told listeners, “We plan to update you with more specific guidance as we move through the year.” 6
KeyBanc bumped its price target on Lattice up to $125 from $95, sticking with an Overweight rating. The firm pointed to momentum in Lattice’s Communications and Computing segment, according to a report from Investing.com. 7
Stifel bumped its price target up to $110 from $80 but stuck with its Buy rating, citing the latest quarter and guidance. 8
Lattice goes up against heavyweight players in programmable logic, among them AMD’s Xilinx and Intel’s programmable-chips arm. Its niche—leaning into smaller, lower-power devices—gives it an edge for embedded and edge applications. Still, that same narrow focus means its numbers can swing with the ups and downs of industrial demand cycles.
Here’s the wrinkle: Lattice posted a GAAP net loss of $7.6 million for the quarter, according to RTTNews, despite growth in adjusted profit. With shares up sharply on Wednesday, investors aren’t likely to tolerate a sluggish March quarter or any slip in data-center appetite. 9
Focus shifts to the FPGA Forum in Trondheim, Norway—scheduled for Feb. 11–12, according to the company’s events calendar—as traders hunt for fresh updates on products and customers. For now, though, the pressing question is whether LSCC can stay close to $106 at the 9:30 a.m. ET open. 10
