Lattice Semiconductor (LSCC) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this chipmaker would post earnings of $0.52 per share when it actually produced earnings of $0.53, delivering a surprise of 1.92%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Lattice, which belongs ...

Lattice Semiconductor (LSCC) is scheduled to report fourth-quarter 2023 results on Feb 12.For the fourth quarter, LSCC expects revenues between $166 million and $186 million. The Zacks Consensus Estimate for sales is pegged at $176.3 million, indicating growth of 0.17% from the year-ago quarter’s reported value.The consensus mark for earnings per share is pegged at 45 cents, indicating an 8.16% fall from the previous-year quarter’s reported figure. The consensus mark has been unchanged over the past 30 days ...

HILLSBORO, Ore.--(BUSINESS WIRE)--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. Eastern Time is ...

HILLSBORO, Ore.--(BUSINESS WIRE)--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 President of S ...

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

Financial Performance - Revenue for Q3 2023 was $192.169 million, a 11.4% increase from $172.509 million in Q3 2022[66] - Gross margin for Q3 2023 was 70.0%, up from 68.8% in Q3 2022, reflecting a 120 basis point improvement[76] - Total revenue for the first nine months of 2023 was $566.558 million, a 17.0% increase from $484.396 million in the same period of 2022[66] - Gross margin for the first nine months of 2023 was 69.8%, up from 68.1% in the same period of 2022, reflecting a 170 basis point improvement[76] Revenue Breakdown - Revenue from the Industrial and Automotive end market increased by 28% in Q3 2023 compared to Q3 2022, driven by strong customer adoption[71] - Revenue from the Communications and Computing end market decreased by 6% in Q3 2023 compared to Q3 2022, primarily due to softer demand[70] - Revenue from Asia decreased to $117.335 million (61.1% of total revenue) in Q3 2023 from $122.860 million (71.2%) in Q3 2022[74] - Revenue from the Consumer end market decreased by 24% for the first nine months of 2023 compared to the same period in 2022, primarily due to macroeconomic weakness[72] - Revenue attributable to distributors was 90% for Q3 2023, consistent with Q3 2022, indicating stable distribution channels[75] Expenses - Research and development expenses increased by 20.8% to $42.048 million in Q3 2023 compared to $34.820 million in Q3 2022[77] - Selling, general, and administrative expenses for Q3 2023 were $33.2 million, a 4.0% increase from $31.9 million in Q3 2022, representing 17.3% of revenue[78] - Amortization of acquired intangible assets was $870,000 in Q3 2023, flat compared to $869,000 in Q3 2022, and decreased by 10.3% to $2.6 million for the first nine months of fiscal 2023[79] - Restructuring costs decreased by 34.8% to $1.5 million in Q3 2023 from $2.3 million in Q3 2022, representing 0.8% of revenue[80] Income and Tax - Interest income (expense), net improved to $954,000 in Q3 2023 from an expense of $1.3 million in Q3 2022, a change of 175.3%[82] - Income tax expense increased significantly to $4.1 million in Q3 2023, up 1,050.8% from $356,000 in Q3 2022, driven by increased worldwide income[84] Cash Flow and Investments - Cash and cash equivalents decreased by 21.5% to $114.4 million as of September 30, 2023, down from $145.7 million at the end of 2022[89] - Cash provided by operating activities for the first nine months of fiscal 2023 was $197.6 million, an increase of $40.8 million compared to $156.8 million in the same period of fiscal 2022[91] - Net cash used by investing activities increased to $25.3 million in the first nine months of fiscal 2023 from $21.4 million in the same period of fiscal 2022, primarily due to increased capital expenditures[92] - Net cash used by financing activities rose to $203.1 million in the first nine months of fiscal 2023, up $57.1 million from $146.0 million in the same period of fiscal 2022[93] Balance Sheet and Working Capital - Accounts receivable, net increased by approximately $11.9 million, or 12.7%, to $105.9 million as of September 30, 2023, compared to $94.0 million on December 31, 2022[94] - Inventories decreased by $6.4 million, or 5.8%, to $104.0 million as of September 30, 2023, from $110.4 million on December 31, 2022, primarily due to increased product shipments[95] - Days sales outstanding increased by 1 day to 50 days as of September 30, 2023, compared to 49 days on December 31, 2022[94] - Days of inventory on hand decreased by 22 days to 165 days as of September 30, 2023, from 187 days on December 31, 2022[95] Future Outlook and Risk Management - The company may consider future acquisition opportunities to extend its product or technology portfolios and expand product offerings[88] - As of September 30, 2023, the company had no used or unused credit arrangements beyond the secured revolving loan facility described in the 2022 Credit Agreement[97] - The company has established policies to protect against market risks related to foreign currency exchange rates and interest rates, with no material changes reported since the previous disclosures[99] - The share repurchase program details are available in the quarterly report, indicating ongoing capital management strategies[98]

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 Rollan ...

Jim Anderson - President and Chief Executive Officer David Williams - Benchmark Company Ruben Roy - Stifel Nicolaus Rick Muscha We will refer primarily to non-GAAP financial measures during this call. By disclosing certain non-GAAP information, management intends to provide investors with additional information to permit further analysis of the company's performance and underlying trends. For historical periods, we provided reconciliations of these non-GAAP financial measures to GAAP financial measures that ...

FOR THE TRANSITION PERIOD FROM __________ TO __________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JULY 1, 2023 OR Commission file number 000-18032 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 LATTICE SEMICONDUCTOR CORPORATION (Exact name of Registrant as specified in its char ...

Matt Ramsay Yeah, thanks for the question, Matt. Yeah, so we're quite pleased with the results that we saw in Q1 in particular, the year-over-year growth of 22%. We feel like [indiscernible] a good start for the year, especially considering over the last two years, we've grown at over 20% per year and like I said, 12 consecutive quarters of growth. So we feel good about that. The power efficiency that we bring, the flexibility, the increasing software content that we're delivering to our customers, all of t ...