AI Infrastructure Demand Broadens Beyond Chips as Lattice, Jacobs Post Record Results
Lattice Semiconductor delivers record $201.1m quarterly revenue on 62% growth while Jacobs Solutions says AI data center work now accounts for 11% of revenue and backlog swells to a record $29bn — evidence the AI capex cycle is spilling into engineering, power and edge silicon.
Fresh Q2 transcripts show the artificial intelligence buildout is widening from GPU suppliers into programmable logic, engineering services and connectivity infrastructure. Lattice Semiconductor reported record revenue driven by AI data center demand, Jacobs Solutions flagged a record $29bn backlog with data centers at 11% of revenue, and Viasat cited a 22% surge in defense awards. The read-across argues the capex wave has a longer tail than the semiconductor complex alone — even as skeptics warn the trade is increasingly dependent on the funding capacity of a handful of model developers.