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What is Lattice Semiconductor Corp worth?

With the base-case assumptions below, a discounted cash flow model on Lattice Semiconductor Corp's reported free cash flow gives $18.93 per share. The share price was $128.05 on September 25, 2026, 576% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$132.6M
Average free cash flow, last 5 years
$175.1M
Cash
$173.3M
balance sheet of July 4, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
138,238,000
Revenue growth per year, last 5 years
5.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.0%1.0%2.0%10.0%$12.17-90%
Base5.0%4.0%2.5%9.0%$18.93-85%
Bull10.0%6.5%3.0%8.0%$31.56-75%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$23.77$25.24$27.04$29.29$32.18
8.0%$20.16$21.12$22.24$23.60$25.25
9.0%$17.52$18.18$18.93$19.81$20.85
10.0%$15.51$15.98$16.50$17.10$17.80
11.0%$13.93$14.27$14.65$15.08$15.56

Where the presets come from

Base: years 1 to 5 grow at Lattice Semiconductor Corp's revenue growth rate over the last 5 fiscal years (5.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Lattice Semiconductor Corp company page