Business Combination and Goodwill (Tables)

9 Months Ended

Oct. 03, 2026

Business Combination [Abstract]

Summary of purchase consideration

Purchase Consideration

(In thousands)
Fair value of Lattice common stock issued for outstanding AMI common stock	$	582,760
Cash paid for outstanding AMI common stock and vested options to purchase AMI common stock		733,492
Cash payable for outstanding AMI common stock and vested options to purchase AMI common stock		1,188
Cash paid by Lattice to retire AMI’s credit agreement		272,224
Total purchase consideration	$	1,589,664

Summary of preliminary allocation of the total purchase price

The following table presents our preliminary allocation of the total purchase price:

(In thousands)	Estimated Fair Value
Assets acquired:
Cash and cash equivalents	$	34,370
Accounts receivable		48,328
Contract assets		16,123
Inventories		170
Prepaid expenses and other current assets		3,996
Property and equipment		5,326
Operating lease right-of-use assets		20,025
Intangible assets		551,000
Goodwill		1,054,139
Other long-term assets		986
Total assets acquired		1,734,463
Liabilities assumed:
Accounts payable		6,597
Accrued liabilities		33,920
Current portion of contract liabilities		22,957
Long-term operating lease liabilities, net of current portion		17,146
Deferred income taxes		59,619
Other long-term liabilities		4,560
Total liabilities assumed		144,799
Fair value of net assets acquired	$	1,589,664

Summary of intangible assets acquired through the acquisition of AMI

The following table presents details of the identified intangible assets acquired through the AMI Acquisition:

	Useful Life (In years)		Fair Value (In thousands)
Developed technology		7.0	$	258,000
Customer relationships		10.0		256,000
Trade name / trademarks		7.0		37,000
Total identified intangible assets subject to amortization			$	551,000

Summary of future consolidated results of operations

The selected unaudited pro forma condensed combined financial information is provided for illustrative purposes only and does not purport to represent what the actual consolidated results of operations would have been had the AMI Acquisition actually occurred on December 29, 2024, nor do they purport to project the future consolidated results of operations.

	Three Months Ended					Nine Months Ended
	October 3,		September 27,			October 3,		September 27,
(In thousands)	2026		2025			2026		2025
Revenue	$	309,894	$	190,828		$	785,879	$	533,186
Net income (loss)	$	24,761	$	(23,394	)	$	27,461	$	(85,409	)