Investors were disappointed with Lattice's declining revenue and earnings. Disappointing second-quarter results Management tried to highlight the "durability" of Lattice's business model by pointing to the fact that the gross margin was relatively stable in the quarter, dipping slightly to 68.3% from 69.7% in the year-ago quarter. Lattice's management issued a third-quarter revenue outlook of $117 million to $137 million, which represents a 33.8% decline from Q3 2023 sales at the midpoint of guidance. Reven ...

Key Takeaways Lattice Semiconductor stock slid Tuesday, a day after the company reported second-quarter sales below what analysts had expected. Revenue and profit both fell from a year ago, with sales in Lattice's auto and industrials segment half of what they were. The company also sustained a CEO change in the quarter, with Jim Anderson departing for a competitor last month. Net income plummeted 55% to $22.6 million, but analysts had expected profit to fall even further, to $12.2 million. Jefferies Analys ...

Lattice said it expects revenue for the third quarter of 2024 to be between $117 million and $137 million and gross margin to be 69%, plus or minus 1%. Lattice Semiconductor reported quarterly earnings of 23 cents per share, which missed the analyst consensus estimate of 24 cents per share. Quarterly sales came in at $124.076 million, which missed the analyst consensus estimate of $130.172 million, according to data from Benzinga Pro. These analysts made changes to their price targets on Lattice Semiconduct ...

Lattice Semiconductor Corporation (NASDAQ:LSCC) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Rick Muscha - Vice President of Investor Relations Esam Elashmawi - Interim Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants David Williams - Benchmark Ruben Roy - Stifel John Vinh - KeyBanc Capital Markets Matt Ramsey - TD Cowen Melissa Weathers - Deutsche Bank Quinn Bolton - Needham Christopher Rolland - Susquehanna International Group T ...

This quarterly report represents an earnings surprise of -4.17%. A quarter ago, it was expected that this chipmaker would post earnings of $0.29 per share when it actually produced earnings of $0.29, delivering no surprise. Lattice, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $124.08 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.59%. This compares to year-ago revenues of $190.08 million. The company has topped consensus revenue es ...

9 Lattice Semiconductor Corporation Reconciliation of U.S. GAAP to Non-GAAP Financial Measures (in thousands, except per share data) (unaudited) | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------|-------|-------------------|-------|-------------------------------------|-------|----------------| | Income Tax (Benefit) Expense Reconciliation | | June 29, 2024 | Three | Months Ended \nMarch 30, 2024 | | July 1, 2023 | | GAAP Income tax (benefit) expen ...

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sankai Lattice Semiconductor Corporation (NASDAQ:LSCC) experienced a huge decline in share price on Monday, June 3, 2024, as a result of Dell Technologies' (DELL) Q1 earnings announcement. Despite the decline in share price, management at Dell voiced strength across AI infrastructure and positive growth for legacy servers, which are areas in which Lattice chips can be found. Despite growing demand for the next generation of server infrastructure, the stock sold off, along with many of the associated IT infr ...

UKRAINE - 2023/09/23: In this photo illustration, a Coherent Corp. logo is seen on a smartphone ... [+] screen and in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Timeline of 2007-08 Crisis The stock price of Coherent Inc. (NYSE: COHR), a semiconductor company, trades at $70 per share, about 30% below its peak level of $100 seen in February 2021. In contrast, Lattice Semiconductor (NASDAQ: LSCC) stock saw a 15% declin ...

Investors in Lattice Semiconductor Corporation (LSCC) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $30 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Click to see the trades now >> Clearly, options traders are pricing in a big move for Lattice Semiconductor shares, but what is the fundamental picture for the company? Currently, Lattice Semiconductor is a Zacks Rank #3 (Hold) in ...