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Lattice Semiconductor Corporation (LSCC) Q1 2026 Earnings Call Transcript

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⚡ Quantum Brief
Lattice Semiconductor reported strong Q1 2026 results, with revenue exceeding expectations due to demand for low-power FPGAs in AI edge devices and automotive applications. CEO Fouad Tamer highlighted 12% year-over-year growth. The company announced plans to acquire AMI Semiconductor for $1.8 billion, expanding its analog and mixed-signal capabilities. AMI CEO Sanjoy Maity joined the call to outline synergy potential in industrial and automotive markets. Q2 2026 guidance projects 8-10% sequential revenue growth, driven by AI acceleration and 5G infrastructure deployments. CFO Lorenzo Flores cited robust design wins as a key growth driver. Analysts questioned supply chain resilience and integration risks post-AMI acquisition. Management emphasized operational efficiencies and a 12-month timeline for full AMI integration. Lattice reaffirmed its long-term focus on quantum-resistant security solutions, allocating 15% of R&D to post-quantum cryptography for embedded systems. The move aligns with rising cybersecurity demands.
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Lattice Semiconductor Corporation (LSCC) Q1 2026 Earnings Call Transcript

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SA Transcripts159.68K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Lattice Semiconductor Corporation (LSCC) Q1 2026 Earnings Call May 4, 2026 5:00 PM EDT Company Participants Rick Muscha - Senior Director of Investor RelationsFouad Tamer - CEO, President & DirectorLorenzo A. Flores - Senior VP & CFOSanjoy Maity - CEO & Director Conference Call Participants Ruben Roy - Stifel, Nicolaus & Company, Incorporated, Research DivisionChristopher Rolland - Susquehanna Financial Group, LLLP, Research DivisionMelissa Weathers - Deutsche Bank AG, Research DivisionTristan Gerra - Robert W. Baird & Co. Incorporated, Research DivisionLannie Trieu - TD Cowen, Research DivisionQuinn Bolton - Needham & Company, LLC, Research DivisionDuksan Jang - BofA Securities, Research Division Presentation Operator Ladies and gentlemen, greetings and welcome to the Lattice Semiconductor First Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host for today, Mr. Rick Muscha, Vice President of Investor Relations. Please go ahead. Rick MuschaSenior Director of Investor Relations Thank you, operator, and good afternoon, everyone. With me today are Fouad Tamer, Lattice's CEO; Lorenzo Flores, Lattice's CFO, and Sanjoy Maity, AMI's CEO, will provide a financial and business review of the first quarter of 2026, an overview of the AMI acquisition and the business outlook for the second quarter of 2026. Both a copy of our earnings press release and the press release announcing our planned acquisition of AMI can be found at our company website in the Investor Relations section at latticesemi.com. I would like to remind everyone that during our conference call today, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are predictions based on information that is currently available and that actual results may differ materially. We

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