LSCC Stock Recent News

Lattice Semiconductor's (LSCC) 4Q adjusted EPS came in at $0.45 versus an estimated $0.45 and revenue came in at $170.60M versus an estimated $176.26M. George Tsilis discusses this most recent earnings report.

Lattice Semiconductor Corp.'s LSCC, +1.81% stock declined 8% in after-hours trading Monday after the company posted a decline in quarterly revenue and offered weak sales guidance. Lattice Semiconductor reported fiscal fourth-quarter net income of $98.7 million, or 72 cents a share, compared with net income of $51.9 million, or 38 cents a share, in the same quarter a year ago.

Lattice's (LSCC) fourth-quarter 2023 results are likely to reflect strength across industrial, automotive and computing end markets.

Benchmark analyst David Williams raised his price target on Lattice Semiconductor to $95 from $70, and reaffirmed a Buy rating.

Mid-cap designer Lattice Semiconductor Corp. NASDAQ: LSCC is the latest chipmaker to tumble on weaker-than-expected forecasts, tied mainly to slower sales of electric vehicles.

Lattice beat Q3 earnings and revenue expectations but disappointed investors with weak Q4 guidance. Soft sales in the industrial and automotive sectors contribute to subdued Q4 projections.

Lattice Semiconductor Corporation (NASDAQ:LSCC ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants James Anderson - President, CEO & Director Rick Muscha - Senior Director, IR Sherri Luther - CFO & SVP Conference Call Participants Mark Lipacis - Jefferies Tristan Gerra - Robert W. Baird & Co. Blake Friedman – Bank of America Merrill Lynch Srinivas Pajjuri - Raymond James & Associates David Williams - The Benchmark Company Nathaniel Bolton - Needham & Company Christopher Rolland - Susquehanna Financial Group Matthew Ramsay - TD Cowen Ruben Roy - Stifel, Nicolaus & Company Operator Greetings, and welcome to the Lattice Semiconductor Third Quarter 2023 Earnings Call.

Lattice Semiconductor (LSCC) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.48 per share a year ago.

Shares of Lattice Semiconductor Corp. LSCC, -4.05% dropped more than 13% in the extended session Monday after the company beat Wall Street expectations for its third quarter but called for lower current-quarter sales. Lattice earned $54 million, or 38 cents a share, in the third quarter, compared with $46 million, or 33 cents a share, in the year-ago period.

Lattice Semiconductor Corporation (NASDAQ:LSCC ) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Rick Muscha - Director, Investor Relations Jim Anderson - President and Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants Srini Pajjuri - Raymond James David Williams - Benchmark Company Matthew Ramsay - TD Cowen & Company Tristan Gerra - Baird Christopher Rolland - Susquehanna Ruben Roy - Stifel Nicolaus Operator Greetings. Welcome Lattice Semiconductor Second Quarter 2023 Earnings Call.