Lattice Semiconductor Reports Record Q3 2025 Communications & Computing Revenue
In the latest financial report, Lattice Semiconductor announced record revenue for the third quarter of 2025, primarily driven by its Communications and Computing segment. Ending September 27, 2025, the company reported a revenue of $133.3 million.
Financial Highlights for Q3 2025
Lattice Semiconductor achieved significant financial milestones in the third quarter:
- GAAP Gross Margin: 67.9%
- Non-GAAP Gross Margin: 69.5%
- Net Income: $0.02 per diluted share (GAAP) and $0.28 per diluted share (non-GAAP)
- Adjusted EBITDA: $47.4 million, representing a 35.6% margin
- GAAP Net Cash Flow: $47.0 million, with a margin of 35.3%
- Free Cash Flow: $34.0 million, with a margin of 25.5%
Outlook for Q4 2025
Lattice expects continued success moving into the fourth quarter:
- Projected Revenue: $138 million to $148 million
- Expected Gross Margin: 69.5%
- Operating Expenses: Between $54.5 million and $56.5 million
- Net Income per Share: $0.30 to $0.34 (non-GAAP)
Strategic Growth Initiatives
Ford Tamer, CEO of Lattice, emphasized the company’s robust quarter, highlighting the 17% increase in non-GAAP earnings quarter over quarter. Tamer noted that the Communications and Computing sector contributed significantly to this growth.
Lorenzo Flores, CFO of Lattice, stated that revenue and profitability metrics grew sequentially as well as year-on-year. He indicated ongoing recovery in the Industrial and Automotive markets, with expectations for normalized inventory levels by year-end.
Recent Innovations
Lattice has also made strides in technological innovation, launching the industry’s first PQC-ready FPGA, the MachXO5
-NX TDQ family. This product provides enhanced security against quantum-enabled cyber threats and meets the Commercial National Security Algorithm (CNSA) 2.0 compliance standards.
Recognition and Investments
For the first nine months of 2025, Lattice invested in its future through disciplined capital allocation, repurchasing $85 million in common stock. Furthermore, the company has been recognized as a 2025 Top Workplace in Oregon and Southwest Washington.
As Lattice Semiconductor continues to innovate and grow, the company remains committed to enhancing its position in the Communications and Computing sectors, aiming for sustained revenue growth in the coming quarters.
