Lattice Semiconductor Corporation (LSCC) Morgan Stanley Technology, Media & Telecom Conference 2026 March 4, 2026 7:05 PM EST
Company Participants
Fouad Tamer – CEO, President & Director
Lorenzo A. Flores – Senior VP & CFO
Conference Call Participants
Joseph Moore – Morgan Stanley, Research Division
Presentation
Joseph Moore
Morgan Stanley, Research Division
Great. Welcome back, everybody. I’m Joe Moore, Morgan Stanley Semiconductor Research. Very happy to have today the management team of Lattice Semiconductor, Ford Tamer, Lorenzo Flores. I don’t cover the company, so if I ask questions that I shouldn’t ask, just answer the question I should have asked. It’s fine. No harm done. But we’ve spent a lot of time in the FPGA space, and I like the Lattice story a lot. So Ford, I think you wanted to start with some opening kind of commentary? Or you want to share…
Fouad Tamer
CEO, President & Director
Sure, if you’d like me to. So first, thank you for having us, Joe. And for those of you who don’t know, it’s Joe’s birthday. So happy birthday.
Joseph Moore
Morgan Stanley, Research Division
That’s getting a lot of advertising, but thank you.
Fouad Tamer
CEO, President & Director
So excited to be here and see some familiar faces. I’ll take you through — I’ve been at Lattice now for 17 months. So let me take you through the past 17 months and then fast forward to today. I joined 17 months when the inventory situation at the time was 6 months of inventory in the channel. The revenue had decreased from $730 million to $500 million in 2024. We had to cut costs. We took a 14% restructuring.
And at the time, we said what we were going to do. And at the time, we said we were going to grow 25% in ’26 compared