Lattice Semiconductor outlined plans to reach a $3 billion annual run rate by the end of 2030, as executives highlighted accelerating demand for AI inference hardware and unified control systems at The Six Five Summit on Thursday.
The company, which reported $520 million in revenue for 2025, provided a 2026 exit target of approximately $1.2 billion, up from its Q3 guidance midpoint of $1 billion. Lattice CEO Ford Tamer emphasized the shift from a 2025 focus on training infrastructure to broader AI deployment involving CPUs, storage, networking and inference acceleration.
Lattice’s push includes a merger with American Megatrends International (AMI), a 40-year firmware specialist, to consolidate control across data center components. The combined entity aims to replicate the open-standard model of Red Hat, according to Sanjoy Maity, Lattice’s senior vice president and AMI business unit leader. The collaboration, described by Tamer as a six-year “dating” period, targets pre-validated solutions for hardware management, including Board Management Controllers and Secure Control Modules.
The AI infrastructure landscape has expanded rapidly, with Lattice citing deployment growth from tens to hundreds of FPGAs per rack across millions of servers and tens of thousands of data centers. Sensor density per server has climbed to around 1,200 units, encompassing cooling systems, power distribution and optical interconnects. AMI contributes roughly 10% of the global firmware engineering workforce of 12,000, supporting Lattice’s push into high-reliability markets such as space-grade FPGAs manufactured in Austin, Texas, using FDSOI processes.
Lattice’s stock, trading at $111.68, has gained 62% year-to-date and 81% over the past year, though its valuation metrics remain elevated with a P/E ratio of 476 and a P/B ratio of 21.6. The company’s roadmap includes integration of post-quantum cryptography, 800-volt power systems and liquid cooling as part of its broader AI control platform strategy.
