Slides
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NASDAQ: LSCC FY’25 Earnings Highlights February 2026
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NASDAQ: LSCC ADJUSTED EBITDA Q4 2025 Earnings Overview & Recent Highlights End Market Overview Non-GAAP based on earnings reported Feb. 10, 2026 | *Adjusted Non-GAAP. Non-GAAP measures are for informational purposes and should be considered together with GAAP. See latest earnings materials for reconciliations. REVENUE GROSS MARGIN 9.3% Growth QoQ 69.4 $145.8M FY’25 REVENUE BY SEGMENT (%) CONSUMER COMMS & COMPUTING INDUSTRIAL & AUTOMOTIVE 36.5 "2025 was a pivotal year where we delivered on what we said we would do: stabilized revenue, normalized channel inventories, and drove exceptional data center growth, with server revenues up approximately 85% year over year. We advanced our leadership product roadmap, strengthened our software and solutions, and secured design wins across all our segments to fuel production ramps. We finished the year with strong momentum led by accelerating growth in AI and datacenters, higher Lattice FPGA attach rates per system and increasing ASPs as diversified customers move to our newer product platforms and solutions. When taken together, we believe we are positioned for higher growth in 2026 and beyond." Ford Tamer, CEO %* %* ▪ Accelerated New Product Revenue Growth: 2025 Revenue of new products grew ~70% vs. 2024, with a record total number of design wins. ▪ Expanded Product Portfolio by 60% in 2025: Launched a steady cadence of new vision, motion control, security, and general purpose devices to build upon Lattice’s small FPGA leadership and growing share of the mid-range FPGA market. ▪ Normalized Channel Inventory: Achieved overall target level of channel inventory. ▪ Extended Repurchase Program: Repurchased $100 million in common stock in 2025; Lattice's Board of Directors authorized to repurchase up to an additional $250 million of outstanding common stock. ▪ 20+ Industry Honors in 2025, including: ▪ ‘Most Respected Public Semiconductor Company’ 2025 Global Semiconductor Alliance (GSA) Award ▪ Frost & Sullivan Institute 2025 Visionary Growth Leadership Best Practices Recognition ▪ ‘Most Innovative Company of the Year’ Globee Cybersecurity Award ▪ SEAL and Environment + Energy Leader sustainability awards ▪ Multiple Top Workplace awards Highlights Comms & Computing grew ~30% to record revenue in 2025
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NASDAQ: LSCC ADJUSTED EBITDA FY 2025 Earnings Overview & Recent Highlights End Market Overview Non-GAAP based on earnings reported Feb. 10, 2026 | *Adjusted Non-GAAP. Non-GAAP measures are for informational purposes and should be considered together with GAAP. See latest earnings materials for reconciliations. REVENUE GROSS MARGIN 2.7% Growth YoY 69.3 $523.3M FY’25 REVENUE BY SEGMENT (%) CONSUMER COMMS & COMPUTING INDUSTRIAL & AUTOMOTIVE 35.0 "2025 was a pivotal year where we delivered on what we said we would do: stabilized revenue, normalized channel inventories, and drove exceptional data center growth, with server revenues up approximately 85% year over year. We advanced our leadership product roadmap, strengthened our software and solutions, and secured design wins across all our segments to fuel production ramps. We finished the year with strong momentum led by accelerating growth in AI and datacenters, higher Lattice FPGA attach rates per system and increasing ASPs as diversified customers move to our newer product platforms and solutions. When taken together, we believe we are positioned for higher growth in 2026 and beyond." Ford Tamer, CEO %* %* ▪ Accelerated New Product Revenue Growth: 2025 Revenue of new products grew ~70% vs. 2024, with a record total number of design wins. ▪ Expanded Product Portfolio by 60% in 2025: Launched a steady cadence of new vision, motion control, security, and general purpose devices to build upon Lattice’s small FPGA leadership and growing share of the mid-range FPGA market. ▪ Normalized Channel Inventory: Achieved overall target level of channel inventory. ▪ Extended Repurchase Program: Repurchased $100 million in common stock in 2025; Lattice's Board of Directors authorized to repurchase up to an additional $250 million of outstanding common stock. ▪ 20+ Industry Honors in 2025, including: ▪ ‘Most Respected Public Semiconductor Company’ 2025 Global Semiconductor Alliance (GSA) Award ▪ Frost & Sullivan Institute 2025 Visionary Growth Leadership Best Practices Recognition ▪ ‘Most Innovative Company of the Year’ Globee Cybersecurity Award ▪ SEAL and Environment + Energy Leader sustainability awards ▪ Multiple Top Workplace awards Highlights Comms & Computing grew ~30% to record revenue in 2025
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NASDAQ: LSCC Q4 2025 Financial Results REVENUE ($M) 115.7 125.9 131.9 141.8 150.5 161.4 172.5 176.0 184.3 190.1 192.2 170.6 140.8 124.1 127.1 117.4 120.1 124.0 133.3 145.8 165.0 GROSS MARGIN (%) 24.2% Revenue Growth Q4 YoY 61.7% 62.1% 63.6% 65.1% 67.7% 69.1% 69.5% 70.0% 70.3% 70.5% 70.6% 70.4% 69.0% 69.0% 69.0% 62.1% 69.0% 69.3% 69.5% 69.3% 69.5% 68.1% EARNINGS PER SHARE ($) Gross Margin increased 730 BPS Q4 YoY 0.22 0.25 0.28 0.32 0.37 0.42 0.48 0.49 0.51 0.52 0.53 0.45 0.29 0.23 0.24 0.15 0.22 0.24 0.28 0.32 0.36 0.20 OPERATING PROFIT ($M) 116% EPS Growth Q4 YoY122% Operating Profit Growth Q4 YoY 32.4 36.7 40.1 46.6 54.6 61.6 68.5 70.7 75.6 76.0 77.4 64.6 42.2 31.5 33.8 20.1 31.5 34.1 38.7 44.8 54.7 27.1 *Non-GAAP based on earnings reported Feb. 9, 2026; Q4’24 shown with and without a one-time $7M COGS expense. Q126 reflects mid-point guidance provided Feb. 9, 2026.
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NASDAQ: LSCC FY 2025 Financial Overview REVENUE ($M) 2.7% Revenue Increase YoY GROSS MARGIN (%) 190 bps Gross Margin YoY EARNINGS PER SHARE ($) +17% EPS YoY ADJUSTED EBITDA (%) 320 bps EBITDA YoY Non-GAAP based on earnings reported February 10, 2026 *Adjusted Non-GAAP 515.3 660.4 737.2 509.4 523.3 2021 2022 2023 2024 2025 63.2% 69.1% 70.4% 67.4% 69.3% 68.7%* 2021 2022 2023 2024 2025 1.06 1.75 2.01 0.90 1.05 0.95* 2021 2022 2023 2024 2025 34.4% 42.5% 44.0% 31.8% 35.0% 33.2%* 2021 2022 2023 2024 2025
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NASDAQ: LSCC Q1 2026 Business Outlook vs Current Consensus Estimates Lattice Guidance Consensus Estimate Q1’26 Revenue Between $158 million and $172 million $148 million Q1’26 Gross Margin 69.5% plus or minus 1% on a non-GAAP basis 69.7% Q1’26 Total Operating Expenses Between $59 million and $61 million on a non-GAAP basis $56.8 million Q1’26 Tax Rate Between 4% and 6% on a non-GAAP basis ~5% Q1’26 EPS Between $0.34 and $0.38 per share on a non-GAAP basis $0.33 per share Non-GAAP based on earnings reported February 10, 2026 | *Adjusted Non-GAAP Non-GAAP measures are for informational purposes and should be considered together with GAAP. See latest earnings materials for reconciliations.
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NASDAQ: LSCC Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are forward-looking and involve estimates, assumptions, risks and uncertainties. Such forward-looking statements include without limitation statements regarding: revenue; EPS growth; gross margin and operating expense projections; our future financial performance and related drivers; our expectations related to the general market, market recovery, and growth (including AI and datacenter-related growth); attach rates and ASPs, our share repurchase program; and the guidance on the slide discussing Business Outlook . Other forward-looking statements may be indicated by words such as “will,” “could,” “should,” “would,” “may,” “expect,” “plan,” “project,” “anticipate,” “intend,” “forecast,” “future,” “believe,” “estimate,” “outlook,” “predict,” “propose,” “potential,” “continue” or the negative of these terms or other comparable terminology. Factors that could cause actual results to differ materially include, among others: global economic conditions which may affect customer demand; the cyclical nature of the semiconductor industry including fluctuating customer and distributor purchasing patters, inventory levels, and order timing; pricing and inflationary pressures; competitive actions; international trade disputes and sanctions; the impact of tariffs, trade restrictions, export controls, license requirements or similar actions on us, our suppliers, distributors, and customers (including the effect on costs and demand); potential impacts of global pandemics; changes in product mix and pricing; changes in wafer, assembly, test and other costs; manufacturing yields; our ability to sustain operational improvements; and the actual amount of compensation charges due to stock price changes; and those risks more fully described in in our filings with the Securities and Exchange Commission, including in our most recent Annual Report on Form 10-K. You should not rely on forward-looking statements because actual results could differ materially. Any forward-looking statement speaks only as of the date made. We do not intend to, and undertake no obligation to, update or revise any such statements. Use of Non-GAAP Financial Information: This presentation includes Non-GAAP measures (e.g., Non-GAAP gross margin, operating expenses, EPS, adjusted EBITDA, free cash flow). These measures are not a substitute for GAAP and should be considered together with our GAAP results. Management uses these measures for evaluating the business and believes they are useful to investors for informational and comparative purposes. See our latest earnings materials for reconciliations to the most directly comparable GAAP measures. Guidance & Non-GAAP Reconciliations: With respect to the guidance on slide discussing Business Outlook, certain information necessary to reconcile forward looking Non-GAAP measures to the corresponding GAAP measures is not available without unreasonable efforts because the amounts and timing of items we exclude (e.g., stock-based compensation; performance-based equity; legal expenses outside the ordinary course; restructuring; impairment) are inherently unpredictable. Forward-Looking Statements & Non-GAAP Information