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Lattice Semiconductor vs ON Semiconductor: Which Stock Looks Stronger in 2026?

The structural profiles are close, with ON Semiconductor carrying a narrow edge on profitability. Lattice Semiconductor still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The comparison is mainly decided in profitability, while growth remains the main counterforce.

INDUSTRY COMPARISON

Both operate in: Semiconductors

This comparison is based on industry proximity, not on functional trajectory similarity. LSCC and ON share the same industry classification.

For a similarity-based comparison, see how Lattice Semiconductor and ON Semiconductor each position within their functional peer groups in AssetNext.

Peer-Relative Score
LSCC
Lattice Semiconductor Corporation
20
Peer-Score
Signal qualityHigh
vs
ON
ON Semiconductor Corporation
22
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in profitability.

Dimension spread: LSCC vs ON Profitability 9 33 Stability 42 37 Valuation 8 9 Growth 30 9 LSCC ON
Gap Ranking
#1 Profitability +24
#2 Growth +21
#3 Stability +5
#4 Valuation +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LSCC and ON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LSCCON Relative valuation Structural strength

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
Neither side looks especially strong on profitability, though ON Semiconductor Corporation still ranks somewhat higher.
Growth
Neither side looks especially strong on growth, though Lattice Semiconductor Corporation still ranks somewhat higher.
Profitability — Dominant Gap
LSCC
9
ON
33
Gap+24in favour of ON

The profitability lead is mainly driven by a 17.3-point operating margin advantage.

What keeps the gap from being one-sided

Lattice Semiconductor still pushes back on growth, with a 35-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

Profitability is the clearest driver of the lead, with growth adding further support — though growth still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the LSCC vs ON comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how LSCC and ON each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.