Lattice Semiconductor topped Q2 expectations with EPS of $0.53 on $201.1 million in revenue and issued stronger Q3 guidance for EPS of $0.54-$0.58 and revenue of $210-$230 million. CEO Ford Tamer cited robust demand, accelerating backlog, and design-win momentum as reasons for continued market-share gains. Despite the beat, shares fell in pre-market trading; meanwhile Jefferies and Needham lifted price targets, underscoring potential near-term upside.
Lattice Semiconductor is set to acquire AMI for $1.65 billion, enhancing its capabilities in cloud and AI applications. This strategic move is expected to immediately improve gross margins and contribute to a projected $1 billion annual revenue run rate by 2026, presenting a strong growth opportunity for investors.
LSCC reported Q3 earnings of 28 cents per share, meeting estimates. Sales of $133.35 million exceeded the expected $133.03 million. Q4 adjusted EPS projected between 30-34 cents, estimates at 32 cents. Analysts raised price targets, indicating bullish sentiment for LSCC. CEO highlights broad-based growth and profitability expansion.
LSCC reported earnings of 22 cents per share, meeting estimates. Quarterly revenue decreased to $120.15 million but still beat estimates. Analysts maintain a Buy rating despite a stock decline of 12.7%. Management anticipates low single-digit revenue growth in 2025. 80% of revenue is from outside the US, mitigating tariff impacts.
