莱迪思半导体股价回调5.9%，业绩改善与AI增长逻辑未变

Core Viewpoint - Lattice Semiconductor (LSCC.O) experienced a 5.90% decline in stock price on February 12, 2026, closing at $99.53, primarily due to market environment pressures and a technical correction following a significant previous day increase, with no negative impact on the company's fundamentals [1] Stock Performance - On February 12, the stock opened at $106.62, reached a high of $108.08 during the day, but closed at $99.53, resulting in a trading range of 8.20%. The trading volume was approximately $160 million, with a turnover rate of 1.13% and a volume ratio of 1.08, indicating active trading. Despite the recent drop, the stock had a cumulative increase of 22.29% over the past five days and a year-to-date rise of 35.27%, leading to profit-taking pressure due to the substantial short-term gains [2] Market Environment - On February 12, major U.S. stock indices fell collectively, with the Nasdaq down 1.70% and the S&P 500 down 1.90%, while the semiconductor sector declined by 1.66%. There was a general pullback in tech stocks, with funds flowing out of high-growth sectors. The technical correction followed a significant increase in stock price on February 11, which saw a trading volume of $638 million and a turnover rate of 4.47%, indicating concentrated buying. On February 12, some investors opted to realize profits, but there was no panic selling, with the pullback limited to within 6% [3] Performance and Business Outlook - For the third quarter of fiscal year 2025, the company reported revenue of $133 million, a year-over-year increase of 4.9%, ending a streak of seven consecutive quarters of decline. Non-GAAP net profit reached $38.2 million, up 17.2%, with a net profit margin of 28.6%. Revenue from communications and computing segments was $74 million, reflecting a 21% year-over-year growth, and AI-related revenue is expected to rise to "the twenties" percentage by 2026. The order volume for the quarter reached a six-quarter high, with the book-to-bill ratio nearing a one-and-a-half-year peak, and orders are booked through the first half of 2026. The company anticipates fourth-quarter revenue between $138 million and $148 million, representing a year-over-year growth of 18% to 26% [4] Institutional Perspectives - In February, 94% of institutional ratings were either buy or hold, with a target average price of $112.00, indicating potential upside from the closing price on February 12 [5]