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莱迪思半导体（LSCC）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
莱迪思半导体的季度营收约是微策略的1.2倍（$145.8M vs $123.0M），莱迪思半导体同比增速更快（9.3% vs 1.9%），过去两年莱迪思半导体的营收复合增速更高（8.4% vs 3.3%）
莱迪思半导体是美国专注于低功耗现场可编程门阵列（FPGA）设计制造的半导体企业，1983年成立，1989年上市，总部位于俄勒冈州希尔斯伯勒硅林区，在圣何塞、上海、马尼拉、槟城、新加坡等地设有运营网点，截至2022年员工超1000人，年营收超6.6亿美元。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
LSCC vs MSTR — 直观对比
营收规模更大
LSCC
是对方的1.2倍
$123.0M
营收增速更快
LSCC
高出7.4%
1.9%
两年增速更快
LSCC
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $145.8M | $123.0M |
| 净利润 | $-7.6M | — |
| 毛利率 | 68.5% | 66.1% |
| 营业利润率 | 30.7% | — |
| 净利率 | -5.2% | — |
| 营收同比 | 9.3% | 1.9% |
| 净利润同比 | 14.6% | — |
| 每股收益（稀释后） | $-0.06 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LSCCMSTR
| Q1 26 | $145.8M | — | ||
| Q4 25 | — | $123.0M | ||
| Q3 25 | $133.3M | $128.7M | ||
| Q2 25 | $124.0M | $114.5M | ||
| Q1 25 | $120.2M | $111.1M | ||
| Q4 24 | $117.4M | $120.7M | ||
| Q3 24 | $127.1M | $116.1M | ||
| Q2 24 | $124.1M | $111.4M |
净利润LSCCMSTR
| Q1 26 | $-7.6M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.8M | $2.8B | ||
| Q2 25 | $2.9M | $10.0B | ||
| Q1 25 | $5.0M | $-4.2B | ||
| Q4 24 | $16.5M | $-670.8M | ||
| Q3 24 | $7.2M | $-340.2M | ||
| Q2 24 | $22.6M | $-102.6M |
毛利率LSCCMSTR
| Q1 26 | 68.5% | — | ||
| Q4 25 | — | 66.1% | ||
| Q3 25 | 67.9% | 70.5% | ||
| Q2 25 | 68.4% | 68.8% | ||
| Q1 25 | 68.0% | 69.4% | ||
| Q4 24 | 61.1% | 71.7% | ||
| Q3 24 | 69.0% | 70.4% | ||
| Q2 24 | 68.3% | 72.2% |
营业利润率LSCCMSTR
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.2% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 5.8% | -5331.4% | ||
| Q4 24 | -10.4% | -842.1% | ||
| Q3 24 | 5.9% | -372.7% | ||
| Q2 24 | 18.2% | -179.7% |
净利率LSCCMSTR
| Q1 26 | -5.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.1% | 2164.1% | ||
| Q2 25 | 2.3% | 8752.7% | ||
| Q1 25 | 4.2% | -3797.2% | ||
| Q4 24 | 14.1% | -555.8% | ||
| Q3 24 | 5.7% | -293.1% | ||
| Q2 24 | 18.2% | -92.0% |
每股收益（稀释后）LSCCMSTR
| Q1 26 | $-0.06 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $0.02 | $8.42 | ||
| Q2 25 | $0.02 | $32.60 | ||
| Q1 25 | $0.04 | $-16.49 | ||
| Q4 24 | $0.12 | $4.49 | ||
| Q3 24 | $0.05 | $-1.72 | ||
| Q2 24 | $0.16 | $-0.57 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $133.9M | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $714.1M | $44.1B |
| 总资产 | — | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资LSCCMSTR
| Q1 26 | $133.9M | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $117.9M | $54.3M | ||
| Q2 25 | $107.2M | $50.1M | ||
| Q1 25 | $127.6M | $60.3M | ||
| Q4 24 | $136.3M | $38.1M | ||
| Q3 24 | $124.3M | $46.3M | ||
| Q2 24 | $109.2M | $66.9M |
总债务LSCCMSTR
| Q1 26 | — | — | ||
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B |
股东权益LSCCMSTR
| Q1 26 | $714.1M | — | ||
| Q4 25 | — | $44.1B | ||
| Q3 25 | $706.4M | $52.3B | ||
| Q2 25 | $687.0M | $47.5B | ||
| Q1 25 | $707.9M | $32.2B | ||
| Q4 24 | $710.9M | $18.2B | ||
| Q3 24 | $703.5M | $3.8B | ||
| Q2 24 | $698.8M | $2.8B |
总资产LSCCMSTR
| Q1 26 | $883.1M | — | ||
| Q4 25 | — | $61.6B | ||
| Q3 25 | $844.4M | $73.6B | ||
| Q2 25 | $808.6M | $64.8B | ||
| Q1 25 | $823.6M | $43.9B | ||
| Q4 24 | $843.9M | $25.8B | ||
| Q3 24 | $853.7M | $8.3B | ||
| Q2 24 | $827.5M | $7.1B |
负债/权益比LSCCMSTR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $57.6M | — |
| 自由现金流经营现金流 - 资本支出 | $44.0M | — |
| 自由现金流率自由现金流/营收 | 30.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $153.3M | — |
8季度趋势，按日历期对齐
经营现金流LSCCMSTR
| Q1 26 | $57.6M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $47.1M | $-8.3M | ||
| Q2 25 | $38.5M | $-34.9M | ||
| Q1 25 | $31.9M | $-2.4M | ||
| Q4 24 | $45.4M | $-17.3M | ||
| Q3 24 | $44.0M | $-41.0M | ||
| Q2 24 | $21.9M | $-23.3M |
自由现金流LSCCMSTR
| Q1 26 | $44.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $34.0M | $-11.1M | ||
| Q2 25 | $31.3M | $-37.0M | ||
| Q1 25 | $23.3M | $-5.1M | ||
| Q4 24 | $39.7M | $-17.6M | ||
| Q3 24 | $39.4M | $-41.4M | ||
| Q2 24 | $14.8M | $-24.1M |
自由现金流率LSCCMSTR
| Q1 26 | 30.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.5% | -8.6% | ||
| Q2 25 | 25.2% | -32.3% | ||
| Q1 25 | 19.4% | -4.6% | ||
| Q4 24 | 33.8% | -14.6% | ||
| Q3 24 | 31.0% | -35.7% | ||
| Q2 24 | 11.9% | -21.6% |
资本支出强度LSCCMSTR
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | 2.2% | ||
| Q2 25 | 5.8% | 1.8% | ||
| Q1 25 | 7.2% | 2.5% | ||
| Q4 24 | 4.9% | 0.2% | ||
| Q3 24 | 3.7% | 0.4% | ||
| Q2 24 | 5.8% | 0.6% |
现金转化率LSCCMSTR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 16.86× | -0.00× | ||
| Q2 25 | 13.23× | -0.00× | ||
| Q1 25 | 6.35× | — | ||
| Q4 24 | 2.75× | — | ||
| Q3 24 | 6.12× | — | ||
| Q2 24 | 0.97× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
