Balance Sheet & Cash GenerationLattice’s very low leverage and multi-year positive operating and free cash flow provide durable financial flexibility. Strong cash conversion (OCF ~$193M, FCF ~$152M TTM) supports R&D, buybacks, acquisition funding and cushions cyclicality, improving long-term resilience.
High & Sustainable Gross MarginsSustained ~70% non-GAAP gross margin reflects structurally attractive product economics for low-power FPGAs and toolsets. High gross margins provide durable headroom for reinvestment and margin expansion, underpinning long-term FCF and operating leverage as revenue scales.
Strategic AMI Acquisition Expands TAMThe AMI acquisition is a structural growth catalyst: it materially expands addressable market and product breadth, and management expects immediate accretion to gross margin, FCF and EPS. If executed, the deal creates a broader platform and multi-year revenue runway.