Lattice Semiconductor rolled out its Mach-N2 FPGA family on September 16, a chip line built to protect control systems inside servers, network gear, and industrial equipment against next-generation cyber threats. The launch follows a second quarter in which Lattice reported revenue of $201.1 million, up 62% from a year earlier and above the high end of its own guidance, with non-GAAP earnings per diluted share of $0.53 versus $0.24 a year prior. The new family packs up to twice the logic density of its predecessor, configures a 220,000-cell device in under 30 milliseconds, and bundles CNSA 2.0-compliant post-quantum cryptography, with samples already shipped to compute and communications customers. Lattice guided third-quarter FPGA revenue to $220 million at the midpoint, 65% growth year over year, and said total revenue including two months of its newly closed AMI acquisition should push it toward a $1 billion annual run rate. The company closed the $1.65 billion AMI deal on July 27, 2026, paying roughly $1 billion in cash and issuing about 5.2 million new shares worth around $650 million, and AMI is expected to contribute more than $200 million in 2026 revenue on its own. GAAP net income fell to $19.4 million in the second quarter from $21.8 million in the first, with diluted GAAP earnings per share slipping to $0.14 from $0.16, as operating expenses jumped 29.9% quarter over quarter.
Lattice Semiconductor CorporationQ2 revenue rose 62% to $201.1M above guidance with EPS $0.53 vs $0.24, and Q3 guided to 65% growth.
Lattice closed the $1.65B AMI acquisition, which is expected to contribute over $200M in 2026 revenue.
