FSLR vs. LSCC: First Solar vs. Lattice Semiconductor Stock Comparison

November 11, 2026

How do First Solar (FSLR) and Lattice Semiconductor (LSCC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

First Solar (FSLR) and Lattice Semiconductor (LSCC) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Profile Item	FSLR	LSCC
Name	First Solar Inc.	Lattice Semiconductor Corporation
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	21.62 billion USD	14.94 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	November 17, 2006	November 9, 1989
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FSLR

LSCC

GSPC

First Solar (FSLR) vs. Lattice Semiconductor (LSCC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for First Solar (FSLR) and Lattice Semiconductor (LSCC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for First Solar (FSLR) and Lattice Semiconductor (LSCC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Total Return (1Y)	-28.81%	75.20%
Total Return (3Y, Annualized)	12.86%	26.97%
Total Return (5Y, Annualized)	10.80%	6.51%

Risk Profile

Drawdown History

FSLR

LSCC

GSPC

First Solar (FSLR) vs. Lattice Semiconductor (LSCC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for First Solar (FSLR) and Lattice Semiconductor (LSCC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Volatility (1Y, Annualized)	52.55%	63.70%
Beta (5Y)	1.67	1.83
Max Drawdown (5Y)	-59.97%	-61.09%
Avg. Volume (3M)	2.40M	1.95M

Risk-Adjusted Performance

Risk-Return Positioning

FSLR and LSCC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Sharpe Ratio (1Y)	-0.63	1.11
Sortino Ratio (1Y)	-0.85	1.71

Profitability

ROE (TTM)

Both First Solar (FSLR) at 18.71% and Lattice Semiconductor (LSCC) at 4.21% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FSLR

Semiconductors & Semiconductor Equipment industry group

18.71%

Max: 52.82%
Q3: 22.26%
FSLR: 18.71%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

LSCC

Semiconductors & Semiconductor Equipment industry group

4.21%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
LSCC: 4.21%
Q1: 1.29%
Min: -16.89%

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

First Solar (FSLR) at 37.12% retains a top-quartile share of revenue as profit, ahead of Lattice Semiconductor (LSCC) at 5.53%, which keeps about the industry-typical share.

FSLR

Semiconductors & Semiconductor Equipment industry group

37.12%

Max: 63.80%
FSLR: 37.12%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

LSCC

Semiconductors & Semiconductor Equipment industry group

5.53%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
LSCC: 5.53%
Q1: 0.90%
Min: -37.77%

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

First Solar (FSLR) at 44.37% operates in the top operating margin quartile, ahead of Lattice Semiconductor (LSCC) at 17.15%, which runs around its industry’s norm.

FSLR

Semiconductors & Semiconductor Equipment industry group

44.37%

Max: 58.66%
FSLR: 44.37%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

LSCC

Semiconductors & Semiconductor Equipment industry group

17.15%

Max: 58.66%
Q3: 30.23%
LSCC: 17.15%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
ROE (TTM)	18.71%	4.21%
ROA (TTM)	8.60%	3.83%
Net Margin (TTM)	37.12%	5.53%
Operating Margin (TTM)	44.37%	17.15%
Gross Margin (TTM)	49.25%	69.49%

Growth

Revenue Growth

Both First Solar (FSLR) at 24.09% and Lattice Semiconductor (LSCC) at 2.72% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their Revenue Growth across different time periods.

EPS Growth

First Solar (FSLR) at 18.22% is around its peer norm for EPS growth, while Lattice Semiconductor (LSCC) at -95.45% drops into the bottom quartile, signaling weaker earnings momentum.

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Revenue Growth (YoY)	24.09%	2.72%
Revenue Growth (3Y CAGR)	25.84%	-7.46%
EPS Growth (YoY)	18.22%	-95.45%
EPS Growth (3Y CAGR)	--	-74.93%

Financial Strength

Current Ratio (MRQ)

First Solar (FSLR) at 2.57 keeps current ratio within its industry’s typical mid-range, while Lattice Semiconductor (LSCC) at 1.92 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LSCC.

FSLR

Semiconductors & Semiconductor Equipment industry group

2.57

Max: 10.33
Q3: 5.62
Median: 3.33
FSLR: 2.57
Q1: 2.35
Min: 1.03

LSCC

Semiconductors & Semiconductor Equipment industry group

1.92

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
LSCC: 1.92
Min: 1.03

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

First Solar (FSLR) at 0.03 keeps leverage in the lower industry quartile, while Lattice Semiconductor (LSCC) at 0.65 runs a more typical debt-to-equity mix.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.03

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
FSLR: 0.03
Min: 0.00

LSCC

Semiconductors & Semiconductor Equipment industry group

0.65

Max: 1.46
LSCC: 0.65
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Current Ratio (MRQ)	2.57	1.92
Debt / Equity (MRQ)	0.03	0.65
Net Debt / EBITDA	-0.52	5.03

Dividends

Dividend Yield (TTM)

Neither First Solar (FSLR) nor Lattice Semiconductor (LSCC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
FSLR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LSCC

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
LSCC: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither First Solar (FSLR) nor Lattice Semiconductor (LSCC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
FSLR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LSCC

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
LSCC: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

First Solar (FSLR) at 11.63 sits in the cheaper P/E ratio quartile, while Lattice Semiconductor (LSCC) at 338.77 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

FSLR

Semiconductors & Semiconductor Equipment industry group

11.63

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
FSLR: 11.63
Min: 8.12

LSCC

Semiconductors & Semiconductor Equipment industry group

338.77

LSCC: 338.77
Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

First Solar (FSLR) at 4.31 is priced about in line with its industry on P/S ratio, while Lattice Semiconductor (LSCC) at 18.47 sits in the pricier quartile — LSCC costs more per dollar of sales.

FSLR

Semiconductors & Semiconductor Equipment industry group

4.31

Max: 21.42
Q3: 12.27
Median: 5.76
FSLR: 4.31
Q1: 2.73
Min: 0.00

LSCC

Semiconductors & Semiconductor Equipment industry group

18.47

Max: 21.42
LSCC: 18.47
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

First Solar (FSLR) at 1.99 looks cheap against book in the lower P/B ratio quartile, while Lattice Semiconductor (LSCC) at 10.53 carries a premium in the upper quartile — a clear price-to-book gap.

FSLR

Semiconductors & Semiconductor Equipment industry group

1.99

Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
FSLR: 1.99
Min: 0.20

LSCC

Semiconductors & Semiconductor Equipment industry group

10.53

Max: 14.06
LSCC: 10.53
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

First Solar (FSLR) vs. Lattice Semiconductor (LSCC): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for First Solar (FSLR) and Lattice Semiconductor (LSCC)
Metric	FSLR	LSCC
P/E Ratio (TTM)	11.63	338.77
P/S Ratio (TTM)	4.31	18.47
P/B Ratio (MRQ)	1.99	10.53
Free Cash Flow Yield (TTM)	3.18%	1.39%