Lattice Semiconductor Corporation, a leader in low power programmable solutions, reported robust financial results for the fiscal third quarter ending September 27, 2025. The company achieved a remarkable revenue of $133.3 million, marking a 7.6% increase from the previous quarter and a 4.9% increase year-over-year. The GAAP gross margin stood at 67.9%, while the non-GAAP gross margin was slightly higher at 69.5%. Net income for this quarter was reported at $2.8 million, which translates to $0.02 per diluted share under GAAP standards.
CEO Ford Tamer expressed optimism about the company’s performance, stating that they experienced widespread growth across their markets, particularly in Communications and Computing, which reached a record revenue. Tamer pointed out that the company anticipates continued growth into the fourth quarter, driven by operational efficiencies and strategic investments aimed at enhancing their product offerings.
CFO Lorenzo Flores noted strong growth in both revenue and non-GAAP profitability on a sequential and year-over-year basis. He highlighted the recovery within the Industrial and Automotive sectors and emphasized the importance of maintaining a focused strategy to reinforce Lattice’s leadership in the Small and Mid-Range FPGA markets.
Looking ahead, Lattice Semiconductor projected fourth-quarter revenue growth of 22% from the previous year, with anticipated revenues of between $138 million and $148 million. The company expects a non-GAAP gross margin of approximately 69.5% and total operating expenses to range between $54.5 million and $56.5 million. Furthermore, they forecast non-GAAP net income per share to fall between $0.30 and $0.34.
The company has also been proactive in capital management, having repurchased $85 million worth of common stock in the first nine months of 2025. Lattice has been recognized as a 2025 Top Workplace in Oregon and Southwest Washington, reflecting its commitment to employee satisfaction and well-being.
Among recent strategic advancements, Lattice Semiconductor announced the launch of the industry’s first PQC-ready FPGA, the Lattice MachXO5™-NX TDQ family, aimed at bolstering security and flexibility against the rising threat of quantum cyber-attacks.
With promising financial results, strategic product launches, and a focus on operational excellence, Lattice Semiconductor is positioned for growth in the evolving technology landscape. Their strategic focus on innovation and market leadership is expected to drive further success as they move into 2026.