Key Highlights

  • Shares climbed 10.02% to USD 105.00 in pre-market trading on November 3, 2026.
  • Third-quarter 2026 Revenue came in at USD 291.0 million, up 118.3% year over year.
  • Fourth-quarter revenue guidance is USD 325 million to USD 345 million.
  • Non-GAAP gross Margin was 70.9% and non-GAAP Earnings Per Share were USD 0.72.
  • Free Cash Flow was USD 77.6 million, and USD 50 million of Debt was repaid in the quarter.

What Moved the Stock Before the Bell (up USD 9.56, 10.02%)

Lattice Semiconductor Corporation (NASDAQ:LSCC) rose 10.02% to USD 105.00 in pre-market trading on November 3, 2026. Measured against the November 2, 2026 close, that implies a prior close near USD 95.44 (calculated).

The move follows the company's third-quarter 2026 results and earnings call, held on November 2, 2026.

Third-Quarter Results in Detail

Revenue reached USD 291.0 million, up 118.3% from a year earlier and about 45% from the prior quarter, according to the earnings call. Non-GAAP gross margin was 70.9%, compared with 69.5% a year earlier, and non-GAAP Operating Margin was 41.1%.

Non-GAAP Operating Expense was USD 86.7 million. Operating Cash Flow was USD 95 million, free cash flow was USD 77.6 million, and the company paid down USD 50 million of debt during the quarter.

Segments, Products and Guidance

Lattice designs low-power programmable chips known as field programmable gate arrays, used in communications, computing, industrial and automotive systems. Compute and communications revenue was USD 171.9 million, up 132%, while industrial and embedded revenue was USD 80.0 million, up 35%.

The company said the AMI Business contributed USD 39.1 million for the two months after the Acquisition closed on July 27, 2026. It also launched Lattice Prompt, an AI-assisted tool for FPGA development, and said Mach-N2 secure control devices are sampling with customers.

For the fourth quarter, management guided to revenue of USD 325 million to USD 345 million, non-GAAP gross margin of 72% plus or minus 1%, and non-GAAP earnings per share of USD 0.82 to USD 0.86. Non-GAAP operating expense is expected between USD 95 million and USD 101 million. Management also said it expects 2026 revenue near USD 1 billion and 2027 revenue growth of at least 60%.

Balance Sheet and Risks

The transcript did not state the cash balance, so this article omits it. Debt reduction of USD 50 million in the quarter points to a priority on deleveraging after the AMI acquisition.

Risks include the steep growth expectations now built into guidance, integration of the acquired business and dependence on Demand tied to artificial intelligence infrastructure. A double-digit pre-market gain after earnings can reverse if guidance details disappoint once regular trading opens.

What to Watch Next

Investors may follow how the fourth-quarter outcome compares with the USD 325 million to USD 345 million range and whether gross margin reaches the guided 72%. Adoption of Lattice Prompt, customer ramps for Mach-N2 and further debt repayment are other items to track.