A compiler is a program that translates a program written in one language (the source language) into an equivalent program in another language (the target language). Compilers perform several phases of analysis and translation: lexical analysis converts characters into tokens; syntax analysis groups tokens into a parse tree; semantic analysis checks for errors and collects type information; intermediate code generation produces an abstract representation; code optimization improves the intermediate code; and code generation outputs the target code. Compilers translate source code, detect errors, and produce optimized machine-readable code.