Lattice Semiconductor's stock surged 9.96% in pre-market trading on Wednesday, following a significant rally in the previous extended session.
The movement comes after the company reported strong fiscal fourth-quarter 2025 results, with revenue beating consensus estimates, and provided first-quarter 2026 guidance that significantly exceeded analyst expectations. Management highlighted accelerating growth in AI and datacenters, higher FPGA attach rates per system, and increasing average selling prices as key drivers for the performance.
Multiple analysts raised their price targets on the stock following the earnings report, including RBC raising to $118 from $105, TD Cowen raising to $110 from $100, and Jefferies raising to $135 from $85, reflecting increased confidence in the company's growth trajectory.