William Blair initiates coverage of Lattice Semiconductor stock

Published on 10/07/2026 at 01:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

William Blair sees more than fourfold non-GAAP earnings per share growth by 2028. Lattice Semiconductor stock had a EUR 119.88 prior close.

LSCC, US5184151042, Illustration mit AI erstellt.

Lattice Semiconductor Corporation (US5184151042) had a Lang & Schwarz prior close of EUR 119.88 on October 6, 2026. On the same date, William Blair initiated research coverage with an Outperform rating, making the analyst note the clearest fresh catalyst for LSCC.

William Blair sees a larger runway

William Blair analyst Sebastien Naji estimated that Lattice's non-GAAP earnings per share could rise more than fourfold from 2025 to 2028. The same October 6, 2026 note projected revenue growth from USD 523 million in 2025 to USD 1.7 billion in 2028, while new products are expected to exceed 25.00 percent of 2026 revenue.

The thesis centers on low-power programmable silicon and infrastructure control rather than the compute-heavy FPGA market. William Blair also highlighted Lattice's USD 1.65 billion AMI acquisition, which expands the company into platform firmware, security and infrastructure management.

Second-quarter growth sets the benchmark

In its second-quarter 2026 report, Lattice generated revenue of USD 201.08 million, up 62.00 percent from the same quarter of 2025, according to Yahoo Finance. Non-GAAP earnings per share reached USD 0.53, more than 120.00 percent above the prior-year level cited in the call.

Management guided third-quarter 2026 revenue to USD 245 million to USD 265 million, including two months of AMI, and non-GAAP earnings per share to USD 0.54 to USD 0.58. The revenue range is higher than the USD 201.08 million reported for the second quarter, but it also includes the newly acquired business, so the comparison is not a like-for-like FPGA growth measure.

Valuation meets a higher growth bar

At the Nasdaq, LSCC was last at USD 134.47 on October 6, 2026 at 4:00 p.m. EDT. The finance quote showed a market capitalization of USD 18.4 billion and a 52-week range of USD 60.50 to USD 157.01, placing the latest US-market value below the yearly high.

The Lang & Schwarz reference remains the relevant euro perspective for German investors: its prior close was EUR 119.88 on October 6, 2026. The company trades under the Nasdaq ticker LSCC, and its recent revenue acceleration now has to support the valuation implied by the market capitalization and William Blair's long-range growth case. The further course of trading is shown by the continuously updated real-time quote of Lattice Semiconductor stock.