LSCC
Lattice Semiconductor Corporation
LSCC's outlook is improving despite an expensive valuation.
MU
Micron Technology, Inc.
MU has the edge over LSCC overall, supported by stronger valuation and stronger modeled upside.
LSCC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
LSCC's revenue, profitability, cash flow and balance sheet are all currently strong.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
LSCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 30x | $119 | — |
| Cheap | 51x | $16.27 | -86% |
| Fair | 88x | $28.12 | -76% |
| Expensive | 288x | $92.09 | -23% |
| Current | 371x | $119 | — |
Historical ranges are pointers, not guarantees.
LSCC's PE is in its expensive range at 371x. If earnings grow as analysts expect, today's price would be 30x next year's earnings, in its cheap range.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU has the edge over LSCC in the historical PE scenario, which offers more potential upside but is not a forecast.
LSCC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for LSCC, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
LSCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.00 | +1150% |
| Q3 2026 | $0.32 | +60% |
| Q2 2026 | $0.26 | +13% |
| Q1 2026 | $0.14 | -62% |
| Q4 2025 | $0.02 | -95% |
| Q3 2025 | $0.20 | -81% |
| Q2 2025 | $0.23 | -83% |
| Q1 2025 | $0.37 | -76% |
| Q4 2024 | $0.44 | -76% |
LSCC's earnings per share have fallen from their peak: $0.32 over the past year, against $1.85 in late 2023.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over LSCC on earnings, with more consistent year-over-year improvement.
LSCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $291M | +118% |
| Q2 2026 | $201.1M | +62% |
| Q1 2026 | $170.9M | +42% |
| Q4 2025 | $145.8M | +24% |
| Q3 2025 | $133.3M | +4.9% |
| Q2 2025 | $124M | -0.1% |
| Q1 2025 | $120.2M | -15% |
| Q4 2024 | $117.4M | -31% |
LSCC's revenue has grown year over year for five quarters in a row: $291M last quarter, up 118% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +9.4 points |
| Q2 2026 | 11% | +7.3 points |
| Q1 2026 | 15% | +9.4 points |
| Q4 2025 | 0.7% | +11 points |
| Q3 2025 | -1.1% | -7.1 points |
| Q2 2025 | 3.8% | -14 points |
| Q1 2025 | 5.8% | -6 points |
| Q4 2024 | -10% | -36 points |
LSCC's operating margin was 8.2% last quarter, up 9.4 points from the same quarter a year ago.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over LSCC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over LSCC on profitability, with a higher operating margin.
LSCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $77.6M | +128% |
| Q2 2026 | $81.3M | +160% |
| Q1 2026 | $39.7M | +71% |
| Q4 2025 | $44M | +11% |
| Q3 2025 | $34M | -14% |
| Q2 2025 | $31.3M | +112% |
| Q1 2025 | $23.3M | -11% |
| Q4 2024 | $39.7M | -42% |
LSCC's free cash flow has been positive every quarter for seven years: $243M over the past year, up 89% from the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over LSCC on cash flow, with more consistent year-over-year improvement.
LSCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +3.5M shares |
| 1 year | +4.1% | +5.7M shares |
| 3 years | +2.8% | +3.9M shares |
| 5 years | +1.5% | +2.1M shares |
| Available history | +4.7% | +6.5M shares |
LSCC has 144M diluted shares, up 4.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $15M |
| Q4 2025 | $14.1M |
| Q3 2025 | $15M |
| Q2 2025 | $45.9M |
| Q1 2025 | $25M |
| Q4 2024 | $20M |
LSCC spent $29M buying back its own shares over the past year, down 72% from the year before.
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has the edge over LSCC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
LSCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2019 | 0.3x | Very low |
LSCC's net debt is less than a year of its operating earnings (EBITDA).
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has more cash than debt.
LSCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.6 | Neutral |
| Stochastic | 32.0 | Neutral |
LSCC's weekly RSI is 52 (neutral) and its Stochastic is 32 (neutral).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
LSCC PE vs Technology Sector
| Metric | LSCC | Sector median | Relative |
|---|---|---|---|
| PE | 371x | 28x | 1,233% above |
| PE % | 87 | 35 | 52 pts above |
LSCC is trading at 371x earnings, a 1233% premium to the Technology sector's median of 28x.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over LSCC on valuation relative to its sector.
LSCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $113.1 | 5.1% above |
| 20 week MA | $119.8 | 0.8% below |
| 50 week MA | $110.3 | 7.8% above |
| 100 week MA | $84.3 | 41% above |
| 200 week MA | $77.9 | 53% above |
LSCC has the edge over MU on trend strength, trading above more of its moving averages.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 225% above its 200-week average.
LSCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.2 | $43.8 | +128% |
| 2021 | $43.8 | $75.7 | +73% |
| 2022 | $75.7 | $66.3 | -12% |
| 2023 | $66.3 | $69.0 | +4% |
| 2024 | $69.0 | $59.0 | -15% |
| 2025 | $59.0 | $76.2 | +29% |
| 2026 YTD | $76.2 | $118.9 | +56% |
LSCC has finished higher in four of the last six years, two of them by more than 50%. It's up 56% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over LSCC on returns for 2026, with the stronger performance.