Lattice Semiconductor reported record third-quarter revenue of $291.0 million on November 2, 2026, an increase of 118.3% from the year-earlier quarter, as demand for programmable chips in AI servers and networking equipment accelerated. The Hillsboro, Oregon, company said FPGA revenue rose approximately 90%, while its recently acquired AMI firmware business added $39.1 million of quarterly revenue. The headline growth therefore reflects both expansion in existing chip sales and an acquisition.

According to the company’s earnings release and SEC filing, revenue climbed from $133.349 million in the comparable 2025 period to $291.035 million for the quarter ended October 3. GAAP net income was $11.2 million, or $0.08 per diluted share, compared with adjusted earnings of $0.72 per diluted share. The adjusted figure excludes certain costs and is not interchangeable with GAAP profit.

Lattice and AMI executives explain the open control plane for AI racks and autonomous infrastructure at the October 2026 OCP Global Summit. Source: AMI’s official summit recordings; technical context, not the November earnings call.

Where AI servers need programmable chips

Field-programmable gate arrays, or FPGAs, can be configured after manufacturing to perform control, interface and security functions. They are not substitutes for the GPUs that train large AI models. In server racks, smaller programmable devices can supervise startup sequences, secure firmware, manage power and connect components using specialized protocols.

Lattice reported $171.9 million in Compute and Communications revenue, $80.0 million from Industrial and Embedded products and $39.1 million from AMI. FPGA-only revenue was approximately $252 million. The AMI acquisition closed on July 27, meaning the reported quarter includes roughly two months of AMI revenue while the year-earlier quarter did not. Comparing consolidated growth without identifying the acquired contribution would overstate organic expansion.

The results build on earlier BitcoinVersus.Tech reporting about Lattice and Arm’s server-security collaboration, the Open Compute Project’s secure control-plane workstream and post-quantum cryptography in FPGA hardware. Together, the developments illustrate growing demand for specialized management silicon alongside high-performance processors.

Margins, cash flow and next-quarter forecast

GAAP gross margin was 67.4%, down from 67.9% a year earlier. Non-GAAP gross margin reached 70.9%. Operating cash flow totaled $95.0 million, and non-GAAP free cash flow was $77.6 million. Different accounting treatments and acquisition-related expenses help explain why adjusted profitability is substantially higher than reported GAAP earnings.

Lattice Semiconductor and AMI describe their secure AI-infrastructure control-plane approach at OCP Global Summit 2026. Source: official AMI event recording.

Management forecast fourth-quarter revenue between $325 million and $345 million, with a $335 million midpoint, and non-GAAP earnings between $0.82 and $0.86 per diluted share. Both figures are projections rather than completed sales. Demand concentration in AI infrastructure, supply constraints, competition and integration of AMI remain material execution risks.

The company also highlighted its Mach-N2 secure-control FPGA family, Sentry 5.0 platform firmware protection and collaborations on rack management. For background on the broader hardware shift, BitcoinVersus.Tech previously examined AI-assisted FPGA design and programmable and hardened electronics for demanding environments. Those applications differ, but all rely on reliable specialized hardware outside the main compute processor.

What comes next

The fourth-quarter report will show whether Lattice can sustain rapid FPGA growth while absorbing a full quarter of AMI operations. Investors and data-center operators should monitor product shipments, reported versus adjusted margins, inventory and the conversion of new design wins into recurring production orders. A strong revenue forecast does not establish future market share or guaranteed improvements in server efficiency.

Editor’s Note: Lattice Semiconductor’s November 2 financial release and SEC filing are primary sources. The two official Lattice–AMI summit videos document the company’s technology strategy and predate the earnings report. The featured image is an original editorial rendering, not a photograph of a specific Lattice product. Acquisition revenue and forward-looking guidance are identified separately.

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