Lattice Semiconductor (LSCC) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this chipmaker would post earnings of $0.24 per share when it actually produced earnings of $0.23, delivering a surprise of -4.17%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Lattice, which bel ...

Exhibit 99.1 NEWS RELEASE CONTACTS MEDIA: INVESTORS: Sophia Hong Rick Muscha Lattice Semiconductor Corporation Lattice Semiconductor Corporation 503-268-8786 408-826-6000 Sophia.Hong@latticesemi.com Rick.Muscha@latticesemi.com LATTICE SEMICONDUCTOR REPORTS THIRD QUARTER 2024 RESULTS HILLSBORO, Ore. - November 4, 2024 - Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal third quarter ended September 28, 2024. Revenue for the t ...

Lattice Semiconductor (LSCC) shares have lost 29% year to date (YTD), underperforming the broader Zacks Computer and Technology sector's return of 25%. It has also underperformed the Zacks Electronics- Semiconductors industry and peers, including Cirrus Logic (CRUS) , FormFactor (FORM) and Advanced Micro Devices (AMD) . Over the same time frame, shares of Cirrus Logic, FormFactor and AMD have gained 49.1%, 7.3% and 6.3%, respectively. The industry appreciated 40.8% YTD. In the trailing four quarters, LSCC's ...

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 ...

Core Viewpoint - Lattice Semiconductor reported disappointing second-quarter financial results and provided weak guidance for third-quarter revenue, leading to a decline in share price [4][5]. Financial Performance - Lattice Semiconductor reported quarterly earnings of 23 cents per share, missing the analyst consensus estimate of 24 cents per share [2]. - Quarterly sales were $124.076 million, which also fell short of the analyst consensus estimate of $130.172 million [2]. - The company expects third-quarter revenue to be between $117 million and $137 million, with a gross margin of 69%, plus or minus 1% [1]. Market Reaction - Following the announcement of the financial results and guidance, Lattice Semiconductor shares fell by 8.1%, trading at $50.50 [5]. Industry Context - The second-quarter results reflect the impact of cyclic industry headwinds, with ongoing inventory normalization observed in the industry [6]. - Despite current challenges, there are signs of improvement, and the company is focused on product portfolio expansion for long-term growth [6].

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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