Lattice Semiconductor stock rose 16% on Wednesday, a day after Hillsboro reported strong quarterly results and issued a solid outlook for 2026.
Lattice stock closed Wednesday at $105.77, its highest closing price in nearly 40 years as a publicly traded company. The company’s market value rose to $14 billion.
Lattice is the second most valuable company after Nike, based in Oregon. The company designs “companion chips” called field-programmable gate arrays that provide support functions for everything from digital cameras to data centers running advanced artificial intelligence. Lattice technology helps manage power, cooling, security, and other features.
Lattice’s sales plummeted more than 30% in 2024 due to a glut of computer chips plaguing companies across the industry. But the surge in demand for AI systems is once again in demand for Lattice’s chips. The company said demand for its chips in data centers has increased 85% year over year.
The company said it expects sales for the first quarter to increase by nearly 40% compared to the same period last year. CEO Ford Tamer said AI, data centers, average prices and a broad customer base are driving the business.
“We believe we can achieve even higher growth in 2026 and beyond,” Tamer said.
Lattice’s sales totaled $523 million last year, an increase of 2.7% from 2024. Earnings totaled $3.1 million, or 2 cents per share. This compares to year-ago earnings of $61.1 million, or 44 cents per share.
The company has approximately 1,200 employees worldwide. In recent years, about a third of them have worked in the U.S. Lattice hasn’t said how many U.S. employees it has at its Hillsboro headquarters. Tamer works in Silicon Valley.
