Lattice Semiconductor

Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets. The company was founded in 1983 and is headquartered in Hillsboro, OR.

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Lattice Semiconductor posts stellar Q4 results, eyes market expansion

Lattice Semiconductor delivered robust financial performance in Q4 2022, with substantial revenue growth, margin expansion, and strong net income growth.
The successful launch of the Avant platform and strategic focus on software integration position the company well for future growth.
While facing challenges in the consumer market and external economic factors, Lattice has opportunities to capitalize on market strengths and drive further growth.

Lattice Semiconductor reports record Q1 growth, software strategy drives profits

Lattice Semiconductor's Q1 2023 performance reflects strong financial results, operational efficiency, and strategic product and software initiatives.
While facing challenges in specific market segments, the company's focus on profitability, innovation, and market diversification presents opportunities for sustained growth.
Analyst inquiries underscore the importance of strategic alignment and continued innovation to navigate market dynamics and drive future success.

Lattice Semiconductor posts record revenue growth, eyes diversified future

Lattice Semiconductor (LSCC) delivered robust financial results in Q2 2023 with record revenue growth and improved margins.
While facing challenges in certain end markets, the company's strategic product roadmap and financial discipline position it well for future growth.
Opportunities lie in market expansion, new product revenue streams, and operational efficiency enhancements to drive continued success.

Lattice Semiconductor reports strong Q3 performance amidst market challenges

Lattice Semiconductor delivered strong Q3 results with revenue growth, record gross margin, and expansion in operating margin.
The company faces challenges in market sensitivity, sequential revenue declines, and customer adoption pace for new platforms.
Opportunities lie in product portfolio expansion, AI applications growth, and engagements in client-side PCs for revenue growth.

Lattice Semiconductor faces revenue softening in Q4 2023

Lattice Semiconductor's Q4 2023 faced revenue softening due to industry cyclic correction, impacting key markets, with expectations for a sequentially lower Q1 '24 revenue.
Despite challenges in gross margins and market declines, the company's focus on AI-related revenue growth, pricing strength, and product opportunities presents a positive outlook.
Opportunities lie in the compute segment, market expansion in FPGA markets, and growth in automotive electronics, positioning Lattice for long-term success.
Maintaining a strong financial position with record cash generation and shareholder returns, Lattice aims to navigate challenges and capitalize on emerging opportunities.

Lattice Semiconductor meets Q1 expectations, eyes growth amid challenges

Lattice Semiconductor's Q1 performance was steady, with a focus on expanding product portfolios and software solutions. Despite challenges in certain segments and near-term revenue decline expected in Q2, the company remains optimistic about revenue growth in the second half of 2024. Opportunities lie in market share expansion and improving end market conditions.

Lattice Semiconductor reports revenue decline but sees growth opportunities ahead

Lattice Semiconductor faced revenue declines but showcased stable gross margins and profitability in Q2 2024.
Executives highlighted strong design activity, new product ramps, and customer intimacy as key drivers of growth.
Challenges include revenue declines, inventory normalization, and managing distributor inventory levels.
Opportunities in the server market, industrial growth, and software solutions present avenues for future expansion.

Lattice Semiconductor maintains stability, eyes growth in Edge AI

Lattice Semiconductor's Q3 performance reflects a balanced revenue mix with growth in certain sectors offsetting declines in others, underpinned by stable gross margins.
Strategic initiatives to enhance efficiency and focus on core strengths position the company for long-term growth and value creation for stockholders.
While challenges persist in specific sectors, Lattice remains optimistic about its trajectory, emphasizing innovation, market leadership, and financial discipline.

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Lattice Semiconductor Corp. engages in the business of developing technologies that are monetized through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. The firm also offers silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. The company was founded in 1983 and is headquartered in Hillsboro, OR.

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 Semiconductor's stock drops 8% on revenue decline, weak sales guidance

HILLSBORO, Ore.--(BUSINESS WIRE)--Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, announced financial results today for the fiscal fourth quarter and full year ended December 30, 2023. Revenue for the fourth quarter of 2023 was $170.6 million, with GAAP gross margin of 69.7% and GAAP net income of $0.71 per diluted share, including a GAAP-only income tax benefit of $0.41 per diluted share associated with a valuation release. On a non-GAAP basis, gross margin.

Lattice Semiconductor Reports Fourth Quarter and Full Year 2023 Results

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

Lattice (LSCC) to Report Q4 Earnings: What's in the Offing?

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HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today announced that it will hold its fourth quarter and full year 2023 conference call on Monday, Feb. 12, 2024. Jim Anderson, President and Chief Executive Officer, and Sherri Luther, Chief Financial Officer, will discuss Lattice Semiconductor's financial results and business outlook. The dial-in number for the live audio call beginning on Monday, Feb. 12, 2024, at 5 p.m. Eas.

Lattice Semiconductor Schedules Fourth Quarter and Full Year 2023 Results Conference Call

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #ADAS--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its new Lattice Drive™ solution stack has been named a 2024 BIG Innovation Award winner in the product category for enabling power efficient, scalable, and secure in-vehicle experiences. “At Lattice, we're committed to delivering innovation that makes it easier for our customers to achieve their design goals and get to market fast,” said Matt Dobrodziej, Corporate Vice Pres.

Lattice Wins 2024 BIG Innovation Awards

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

Lattice Is the Best Chip Stock to Buy for 2024, Says Analyst

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HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced that it was selected as ‘Most Respected Public Semiconductor Company' for the fourth consecutive year, and as the ‘Best Financially Managed Semiconductor Company' at the 2023 Global Semiconductor Alliance (GSA) Awards. GSA awards recognize companies that have demonstrated excellence through their vision, innovation, execution, and future opportunity, as determined by votes.

Lattice Wins Multiple 2023 Global Semiconductor Alliance Awards

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Today at the Lattice Developers Conference, Lattice Semiconductor (NASDAQ: LSCC) introduced a new reference sensor-bridging design to accelerate the development of edge AI applications using the NVIDIA Jetson Orin and IGX Orin platforms. Based on power-efficient Lattice FPGAs and NVIDIA Orin, the open-source reference board is designed to address developers' needs for connectivity to a diverse variety of sensors and interfaces, design scalability, and low laten.

Lattice Collaborates with NVIDIA to Accelerate Edge AI

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #Avant--Today at the Lattice Developers Conference, Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, continued its rapid product portfolio expansion with the launch of multiple new hardware and software solutions. Lattice introduced two new innovative mid-range FPGA device families built on the award-winning mid-range Lattice Avant™ platform – Lattice Avant™-G and Lattice Avant™-X, designed for general purpose and advanced connectivity, respecti.

Lattice Continues Rapid Product Portfolio Expansion Enabling the Next Era of Innovation

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today announced that its Board of Directors authorized the Company to repurchase up to an additional $250 million of its outstanding common stock through the end of December 2024. During the fourth quarter of 2023, the Company repurchased $50 million or approximately 900,000 shares. The Company has repurchased a total of approximately 4.8 million shares since the fourth quarter.

Lattice Semiconductor Expands Stock Repurchase Program With New $250 Million Authorization

HILLSBORO, Ore.--(BUSINESS WIRE)--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced the appointment of Que Thanh Dallara and John Forsyth to the Company's Board of Directors effective November 14, 2023. Mr. Forsyth will also serve as a member of the Nominating and Governance Committee and Ms. Dallara will serve as a member of the Compensation Committee. Ms. Dallara brings to the Company over 20 years of general management and enterprise transformation expe.

Lattice Semiconductor Appoints John Forsyth and Que Thanh Dallara to Board of Directors

HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #FPGA--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, announced that it has been named Manufacturer of the Year by the Portland Business Journal. Lattice was recognized with the award for driving innovation, excellence, and productivity in the region. “Lattice is committed to delivering innovation that makes it easier for our customers to achieve their solutions goals with rapid time to market,” said Glenn O'Rourke, Senior Vice President, Glo.

Lattice Wins 2023 Manufacturer of the Year Award

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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.

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HILLSBORO, Ore.--(BUSINESS WIRE)---- $LSCC #Avant--Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, announced that it has been named a Electronics Industry Awards (EIA) winner. The Lattice Radiant® design software won ‘Design Tool of the Year' and the Lattice Avant™ FPGA platform was ‘Highly commended' in the ‘Semiconductor Product of the Year' category. “Lattice is committed to delivering best-in-class FPGAs and software solutions to enable our customers to increase power efficiency, op.

Lattice Named 2023 Electronics Industry Award Winner

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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.

Why Lattice Semiconductor Shares Crashed Hard Today

The company's earnings beat expectations but its guidance disappointed as it forecast a drop in demand.

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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 Corporation (LSCC) Q3 2023 Earnings Call Transcript

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.

Lattice Semiconductor (LSCC) Q3 Earnings and Revenues Top Estimates

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.

News for Lattice Semiconductor Stock (LSCC)