Lattice Semiconductor to Acquire AMI, Expanding Secure Platform

Lattice Semiconductor ( (LSCC) ) just unveiled an announcement.

On May 4, 2026, Lattice Semiconductor agreed to acquire AMI TopCo, Inc. on a cash-free, debt-free basis for roughly $1 billion in cash and $650 million in stock, with 5.2–6.1 million new shares to be issued and part of the consideration escrowed for post-closing adjustments and indemnities. The deal, expected to close in the third quarter of 2026 pending regulatory and other customary approvals, is structured to give AMI’s owner THL registration rights and staged lock-up releases, and will be financed with balance sheet cash and up to $1.15 billion in new senior secured credit facilities from a bank syndicate.

The company said combining Lattice and AMI will create what it calls the industry’s most complete platform for secure management and control, reinforcing its strategy around companion chips and expanding its addressable market. In tandem with the transaction disclosure, Lattice reported strong first-quarter 2026 results with 42% year-on-year revenue growth to $170.9 million and sharp profitability gains, and it elevated Chief Financial Officer Lorenzo A. Flores to the additional role of principal accounting officer on May 1, 2026, signaling continued emphasis on financial discipline as it enters a new multi-year expansion cycle.

The most recent analyst rating on (LSCC) stock is a Buy with a $105.00 price target. To see the full list of analyst forecasts on Lattice Semiconductor stock, see the LSCC Stock Forecast page.

Spark’s Take on LSCC Stock

According to Spark, TipRanks’ AI Analyst, LSCC is a Outperform.

The score is driven by strong earnings-call outlook (accelerating growth and margin leverage) and a solid financial foundation (low leverage and healthy cash generation), supported by positive technical trend. These positives are tempered by very weak TTM profitability and a highly stretched valuation (extreme P/E) that increases downside risk if execution or supply conditions disappoint.

To see Spark’s full report on LSCC stock, click here.

More about Lattice Semiconductor

Lattice Semiconductor Corporation, listed on Nasdaq as LSCC and based in Hillsboro, Oregon, is a leader in low-power, small and mid-range field-programmable gate arrays (FPGAs). The company focuses on compute, communications, industrial and embedded markets, positioning its products as companion chips for secure management and control in power- and cost-sensitive applications.

In the first quarter of 2026, Lattice reported revenue of $170.9 million, up 42.2% year-on-year and 17.2% sequentially, with GAAP gross margin of 68.8% and non-GAAP gross margin of 70.0%. Net income surged to $21.8 million on a GAAP basis and $57.0 million non-GAAP, driving a 39.6% adjusted EBITDA margin and strong operating and free cash flow, as management highlighted broad-based demand and operating leverage across its end markets.

Average Trading Volume: 1,965,065

Technical Sentiment Signal: Buy

Current Market Cap: $16.56B

See more data about LSCC stock on TipRanks’ Stock Analysis page.