LSI Q3 Earnings Exceed Expectations, Revenue Up 13.9% YoY

LSI reported Q3 revenue of $157.2 million, up 13.9% YoY, and non-GAAP profit of $0.31 per share, 10.7% above analysts' estimates. The company's adjusted EBITDA was $15.67 million, and free cash flow was -$292,000. LSI's market capitalization is $678.6 million. The strong execution and favorable demand conditions supported a successful start to its fiscal year 2026.