Lattice Semiconductor Stock Falls Following Q2 Results

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 ...