# Lattice Semiconductor Corp (LSCC) — Stock CV

Lattice Semiconductor Corp is a $18.3B technology company. Revenue grew 33.3% over the last year, and it keeps 6¢ of every dollar of sales as profit. It trades at 492.9× earnings — near the highest of its own history.

> Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets.

## Identity

- **Ticker**: LSCC
- **Sector**: Technology
- **Industry**: Semiconductors & Related Devices
- **Headquarters**: HILLSBORO, OR
- **Employees**: 1 174
- **Website**: https://www.latticesemi.com
- **Market cap**: $18.3B
- **Last price**: $129.02
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $651M
- **Net income**: $36.3M
- **Free cash flow**: $199M
- **P/E**: 492.9
- **Revenue growth (YoY)**: 33.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 5 |
| Growth | 31 |
| Profitability | 28 |
| Health | 75 |
| Quality | 77 |
| Moat | 56 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +33.3% YoY
- [x] Profitable — $36.3M TTM
- [ ] Profit growing — -74.0% YoY
- [x] Generates cash — $199M TTM
- [x] Debt under control — current ratio 3.02
- [x] Established company — $18.3B market cap
- [x] Not printing shares — -2.2% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [x] Financially stable — Altman Z 57.6 — safe
- [ ] Valuation not extreme — P/E 492.9

## Experience (career milestones)

- **FY2023** — Best year on record: $259M net income
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2019** — Turned profitable: $43.5M net income after a loss year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (69.0%)
- Revenue growing 33.3% year over year
- Strong cash conversion — FCF is 30.6% of revenue
- Interest covered 45.4× by operating earnings
- Altman Z-Score 57.58 — low bankruptcy-risk zone

## Watch-outs

- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $515M | $95.9M | $158M |
| FY2022 | $660M | $179M | $215M |
| FY2023 | $737M | $259M | $249M |
| FY2024 | $509M | $61.1M | $120M |
| FY2025 | $523M | $3.08M | $133M |

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Source: https://stockcv.com/LSCC — derived from company filings; may be delayed or incomplete. Information, not investment advice.