Lattice Q3 Beat and Above-Guidance Driven by AI-Focused FPGA Growth
Beat-and-raise-news supported by AI/data-center demand; explicit guidance above estimates; stock up ~11% pre-market; analysts lifting targets reinforces upside potential.
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Beat-and-raise-news supported by AI/data-center demand; explicit guidance above estimates; stock up ~11% pre-market; analysts lifting targets reinforces upside potential.
What happened, with direct paths to the underlying reporting
Lattice reported a strong third quarter with EPS of $0.72 and revenue of $291.0 million, topping estimates and guiding Q4 above expectations at about $335 million in revenue and $0.82-$0.86 per share. Management highlighted FPGA growth fueled by data-center AI demand and momentum across Industrial & Embedded applications, supported by backlog and design wins. The upbeat results prompted a roughly 11% pre-market stock jump and price-target upgrades from analysts, signaling near-term upside.
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