Every material Form 8-K Lattice Semiconductor has filed with the SEC since July 29, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lattice Semiconductor reported third-quarter 2026 revenue of $291.0 million, driven by strong compute and communications demand and the acquisition of AMI. GAAP net income was $11.2 million, or $0.08 per diluted share, while non-GAAP diluted net income per share reached $0.72. For the fourth quarter of 2026, the company expects revenue between $325 million and $345 million.
Third-quarter 2026 revenue reached $291.0 million, an increase of 118.3% year-over-year.
GAAP net income was $11.2 million, or $0.08 per diluted share, for the quarter ended October 3, 2026.
Fourth-quarter 2026 revenue is expected to be between $325 million and $345 million.
Lattice Semiconductor increased its board from 8 to 10 seats and appointed John McCool and Raejeanne Skillern as directors effective October 21, 2026. The filing says the Board has not yet set their committee assignments, and it describes a $80,000 annual cash retainer and a $220,000 RSU award for each new director, with the RSUs vesting May 4, 2027. The filing reports no financial results, so the change is administrative in nature for shareholders.
Board expanded from 8 to 10 authorized directors; John McCool (age 67) and Raejeanne Skillern (age 56) appointed effective October 21, 2026
Each new director to receive an annual cash retainer of $80,000 and a prorated RSU award with a $220,000 fair market value at grant
RSUs vest May 4, 2027, subject to continued service; Ms. Skillern previously served on the Board from September 2022 to May 2024
Board has determined both directors are independent under Nasdaq listing standards; committee assignments not yet determined
Lattice reported second-quarter 2026 revenue of $201.1 million, up 62.2% from a year earlier but down 14.3% from the first quarter in operating income and 11.3% in GAAP net income. The company also closed its $1.65 billion acquisition of AMI on July 27, 2026, and issued third-quarter revenue guidance of $245 million to $265 million that includes about two months of AMI.
Q2 2026 revenue was $201.1 million, up 62.2% year over year and 17.7% from Q1 2026.
GAAP net income was $19.4 million, or $0.14 per diluted share, versus $21.8 million in Q1 2026 and $2.9 million a year earlier.
Non-GAAP diluted EPS was $0.53, versus $0.24 in Q2 2025; Q3 2026 non-GAAP EPS is guided to $0.54 to $0.58.
AMI acquisition closed July 27, 2026 for about $1 billion in cash and $650 million in Lattice stock, with about 5.2 million shares issued.
Lattice Semiconductor completed its acquisition of AMI on July 27, 2026, paying about $1 billion in cash and about 5.2 million shares and restricted stock units, subject to closing adjustments. The cash was funded from cash on hand and a $925.0 million term loan borrowed under the company's credit agreement, so the deal adds significant debt and share issuance for shareholders to weigh. The filing gives no AMI financial results; the company says it will provide them with its second quarter 2026 results on August 4, 2026.
Total consideration of about $1 billion in cash plus about 5.2 million shares and restricted stock units, subject to adjustments.
On July 27, 2026, Lattice borrowed $925.0 million under the delayed draw term loan facility to fund the cash consideration.
On July 27, 2026, Lattice issued 4,741,352 shares of common stock to the AMI sellers, with transfer restrictions releasing 25% per 90-day period.
The company will report AMI operating results with its second quarter 2026 results on August 4, 2026.
Lattice Semiconductor entered a Second Amended and Restated Credit Agreement with Wells Fargo as administrative agent, providing a $200.0 million senior secured revolver and a $950.0 million senior secured delayed draw term loan. No amounts were outstanding at closing, and the term loan may be used to help pay the cash purchase price for the previously announced AMI acquisition. The facility adds debt that is secured by substantially all of the company's and guarantors' assets and must be repaid in quarterly installments after any draw.
Revolving loan of $200.0 million, usable for working capital and general corporate purposes, with commitments and loans due June 30, 2031; no revolving loans outstanding at closing.
Delayed draw term loan of $950.0 million for the AMI acquisition and related fees and expenses; no term loans outstanding at closing, and the commitment ends November 9, 2026 if not used earlier.
Borrowings bear interest at SOFR plus a margin of 1.00% to 1.75%, or a base rate option, with a 0.25% per annum ticking fee on undrawn term loan commitments.
Obligations are secured by substantially all assets and require compliance with total net leverage and interest coverage ratios tested quarterly.
Lattice Semiconductor agreed on May 4, 2026 to acquire AMI for $1 billion in cash and about $650 million in Lattice common stock, funded partly by new debt, with closing expected in the third quarter of 2026. The same day, Lattice reported first-quarter 2026 revenue of $170.9 million, up 42.2% year over year, and GAAP net income of $21.8 million, or $0.16 per diluted share, compared with a net loss in the prior quarter.
Acquisition of AMI: $1 billion cash plus about $650 million in stock, with the share count set by Lattice's trading price before closing (minimum about 5.2 million shares, maximum about 6.1 million)
Financing: commitment letter with Wells Fargo and Morgan Stanley for up to $950 million in a 364-day term loan and up to $200 million in a revolving credit facility
Q1 2026 results: revenue $170.9 million, GAAP diluted EPS $0.16 versus a $0.06 loss in Q4 2025; non-GAAP diluted EPS $0.41
Q2 2026 outlook: revenue expected between $175 million and $195 million, and non-GAAP diluted EPS between $0.42 and $0.46
Lattice Semiconductor said its Chief Accounting Officer, Tonya Stevens, submitted her resignation on March 11, 2026, effective March 29, 2026. The company stated the resignation is not due to any disagreement on its operations, policies or practices.
Tonya Stevens, Chief Accounting Officer, resigned on March 11, 2026
Resignation takes effect March 29, 2026
Company states no disagreement with management on operations, policies or practices
Filing includes only Item 5.02 and an Inline XBRL cover page exhibit; no replacement is named
Lattice Semiconductor reported fourth-quarter 2025 revenue of $145.8 million, up 24.2% from a year earlier, but posted a GAAP net loss of $7.6 million, or $(0.06) per diluted share, compared with net income of $16.5 million a year earlier. For full-year 2025, revenue was $523.3 million and GAAP net income fell to $3.1 million from $61.1 million, while the company guided first-quarter 2026 revenue to $158 million to $172 million.
Q4 2025 revenue was $145.8 million, up 24.2% year over year; GAAP net loss was $7.6 million, or $(0.06) per diluted share.
Q4 2025 non-GAAP diluted EPS was $0.32, compared with $0.15 in Q4 2024.
Q1 2026 outlook calls for revenue of $158 million to $172 million and non-GAAP diluted EPS of $0.34 to $0.38.
The board authorized repurchases of up to an additional $250 million of common stock; the company repurchased $100 million in 2025.
Lattice Semiconductor reported third-quarter 2025 revenue of $133.3 million, up 4.9% from a year earlier and 7.6% from the prior quarter, with non-GAAP earnings of $0.28 per diluted share. GAAP net income fell to $2.8 million, or $0.02 per diluted share, from $7.2 million a year earlier, and the company guided fourth-quarter revenue to $138 million to $148 million. Shareholders get higher revenue and non-GAAP profit, but GAAP profit is lower than a year ago.
Q3 2025 revenue was $133.3 million, up 7.6% from Q2 2025 and 4.9% from Q3 2024.
GAAP net income was $2.8 million, or $0.02 per diluted share, versus $7.2 million, or $0.05, in Q3 2024; GAAP operating loss was $1.5 million.
Non-GAAP net income per diluted share was $0.28, compared with $0.24 in both Q2 2025 and Q3 2024.
Q4 2025 guidance: revenue of $138 million to $148 million and non-GAAP net income of $0.30 to $0.34 per share.
Lattice Semiconductor reported second-quarter 2025 results for the period ended June 28, 2025, with revenue of $124.0 million, up 3.2% from the first quarter and down 0.1% from a year earlier. GAAP net income fell to $2.9 million, or $0.02 per diluted share, from $5.0 million in the first quarter, while non-GAAP diluted earnings per share rose to $0.24 from $0.22. The company also gave third-quarter 2025 revenue guidance of $128 million to $138 million.
Q2 2025 revenue was $124.0 million, up 3.2% from Q1 2025 and down 0.1% from Q2 2024.
GAAP net income was $2.9 million, or $0.02 per diluted share, compared with $5.0 million in Q1 2025 and $22.6 million in Q2 2024.
Non-GAAP diluted earnings per share were $0.24, compared with $0.22 in Q1 2025 and $0.23 in Q2 2024.
Q3 2025 outlook: revenue of $128 million to $138 million and non-GAAP net income of $0.26 to $0.30 per share.
Lattice Semiconductor reported first-quarter 2025 results for the period ended March 29, 2025, with revenue of $120.1 million, up 2.3% from the prior quarter but down 14.7% from a year earlier. GAAP net income was $5.0 million, or $0.04 per diluted share, down from $14.8 million a year earlier, and the company guided second-quarter 2025 revenue to between $118.5 million and $128.5 million. Revenue rose sequentially, but profit and year-over-year sales declined, so the results point in different directions for shareholders.
GAAP net income was $5.0 million, or $0.04 per diluted share, versus $14.8 million, or $0.11 per diluted share, in Q1 2024.
Non-GAAP net income per diluted share was $0.22, compared with $0.29 in Q1 2024 and $0.15 in Q4 2024.
Q2 2025 outlook: revenue of $118.5 million to $128.5 million and non-GAAP net income of $0.22 to $0.26 per share.
Free cash flow was $23.3 million, and the company repurchased $25.0 million of common stock in the quarter.
Lattice reported fourth-quarter 2024 revenue of $117.4 million, down 31.2% from a year earlier, and full-year revenue of $509.4 million, down 30.9%. GAAP diluted earnings were $0.12 per share in the quarter, against $0.71 a year earlier, and it guided first-quarter 2025 revenue to $115 million to $125 million. The company also appointed Lorenzo A. Flores as CFO effective February 10, 2025.
Q4 2024 revenue $117.4 million, down 7.6% from Q3 2024 and down 31.2% from Q4 2023; GAAP diluted EPS $0.12 versus $0.71 a year earlier
Full-year 2024 revenue $509.4 million versus $737.2 million in 2023; GAAP diluted EPS $0.44 versus $1.85
Q1 2025 outlook: revenue $115 million to $125 million; non-GAAP diluted EPS $0.20 to $0.24
Lorenzo A. Flores named SVP and CFO effective February 10, 2025, with a $600,000 base salary; Tonya Stevens moves to Chief Accounting Officer
On January 9, 2025, Lattice Semiconductor's board adopted a 2025 Inducement Equity Incentive Plan without stockholder approval, reserving 2,000,000 shares of common stock for equity awards. The plan can only be used to attract new hires who were not previously employees or non-employee directors, so it adds a share reserve that could dilute existing holders over time.
Board adopted the 2025 Inducement Equity Incentive Plan on January 9, 2025
2,000,000 shares of common stock reserved for awards under the plan
Plan adopted without stockholder approval under Nasdaq Listing Rule 5635(c)(4)
Awards limited to individuals new to the company as an inducement to join employment
Lattice Semiconductor reported third-quarter 2024 revenue of $127.1 million, up 2.4% from the prior quarter but down 33.9% from a year earlier, with GAAP net income of $0.05 per diluted share. The company guided fourth-quarter 2024 revenue to $112 million to $122 million, and it took a one-time GAAP-only charge of $6.5 million tied to a 14% workforce reduction and a 14% cut in non-headcount operating expenses.
Q3 2024 revenue was $127.1 million, up 2.4% from Q2 2024 and down 33.9% from Q3 2023's $192.2 million.
GAAP net income was $0.05 per diluted share, versus $0.16 in Q2 2024 and $0.38 in Q3 2023; non-GAAP net income was $0.24 per diluted share.
Fourth-quarter 2024 guidance: revenue of $112 million to $122 million and non-GAAP net income of $0.15 to $0.23 per share.
Ford Tamer was appointed Chief Executive Officer and joined the Board; the company is also recording a $6.5 million one-time GAAP-only charge tied to a 14% workforce reduction.
Lattice Semiconductor's chief financial officer, Sherri Luther, resigned effective October 10, 2024, to pursue a new opportunity, and the board appointed Corporate Controller Tonya Stevens as interim CFO while it searches for a permanent successor. The company said it is reaffirming its July 29, 2024 guidance and will report results on November 4, 2024.
Sherri Luther resigned as CFO effective October 10, 2024; the company said her resignation involved no disagreement with the company
Tonya Stevens, Corporate Vice President and Corporate Controller, named interim CFO effective October 10, 2024, in addition to her existing role
Company reaffirmed guidance it provided on July 29, 2024, and will report financial results on November 4, 2024
Lattice Semiconductor appointed Ford Tamer as President and Chief Executive Officer effective September 16, 2024, and added him to its Board of Directors. He replaces Esam Elashmawi, who had served as Interim CEO since June 2024 and will remain Chief Strategy and Marketing Officer. The company also reaffirmed the guidance it gave on July 29, 2024, and the filing details a compensation package with a $800,000 base salary and substantial equity awards.
Ford Tamer became CEO and a Board member effective September 16, 2024; he replaces Interim CEO Esam Elashmawi
Base salary of $800,000, with an annual target bonus of 125% of base salary
Equity awards include $30,000,000 in sign-on awards and $5,000,000 plus $1,700,000 in fiscal 2024 long-term incentives, with $5,000,000 in fiscal 2025 awards
Company reaffirmed the guidance it provided on July 29, 2024
Lattice Semiconductor reported second-quarter 2024 revenue of $124.1 million, down 11.9% from the first quarter and 34.7% from a year earlier, with GAAP diluted earnings of $0.16 per share. The company guided third-quarter 2024 revenue to between $117 million and $137 million, and interim CEO Esam Elashmawi said the industry is starting to show signs of improvement after a period of inventory normalization.
Q2 2024 revenue was $124.1 million, down 11.9% from Q1 2024 and down 34.7% from Q2 2023.
GAAP diluted EPS was $0.16 versus $0.11 in Q1 2024 and $0.36 in Q2 2023; non-GAAP diluted EPS was $0.23 versus $0.29 in Q1 2024.
Q3 2024 outlook: revenue of $117 million to $137 million, non-GAAP gross margin of 69.0% plus or minus 1%, and non-GAAP operating expenses of $53 million to $55 million.
The company repurchased shares for the fifteenth consecutive quarter, with $30.0 million of buybacks in the first half of 2024.
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