Earnings Alerts

Lattice Semiconductor (LSCC) Earnings Exceed Expectations with 3Q Adjusted EPS Beating Estimates

By October 31, 2023 No Comments
  • Lattice Semi’s third-quarter adjusted EPS surpassed estimates, coming in at 53c versus last year’s 48c. The estimate was 52c.
  • The company’s revenue for the third quarter was $192.2 million, marking an 11% year-on-year increase. This slightly exceeded the estimate of $192 million.
  • Research and development expenses for the quarter totalled $42.0 million, a 21% increase from the same period last year.
  • Lattice Semi’s adjusted gross margin for the third quarter was 70.6%, slightly higher than last year’s 69.5%. This also marginally beat the estimate of 70.5%.
  • The company’s stock has received 8 ‘buy’ ratings, 6 ‘hold’ ratings, and no ‘sell’ ratings.

Lattice Semiconductor on Smartkarma

The independent investment research network Smartkarma recently published research reports on Lattice Semiconductor from analysts at Baptista Research. The reports were titled “Lattice Semiconductor Corporation: 4 Catalysts Driving Their Growth In Semiconductors! – Financial Forecasts” and “Lattice Semiconductor Corporation: Advances With The Lattice Avant Platform – Key Drivers”. Both reports had a “bull” sentiment, noting that Lattice Semiconductor Corporation had impressive results in the first and second quarters, managing an all-around beat with a significant increase in revenue. The first report highlighted the company’s growth in industrial automation, robotics, ADAS, and infotainment systems for cars, while the second report noted weaker industry-wide server-end market demand as the main cause of the segment’s sequential revenue loss.

Overall, the analyst coverage of Lattice Semiconductor on Smartkarma was positive, noting that the company had impressive results in the first and second quarters, managing an all-around beat with a significant increase in revenue. It also highlighted the company’s growth in various applications and noted the weaker industry-wide server-end market demand.


A look at Lattice Semiconductor Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Lattice Semiconductor Corporation has a bright long-term outlook, according to the Smartkarma Smart Scores. The company has a good score for growth and resilience, and a moderate score for value, dividend, and momentum. This suggests that the company is well-positioned for long-term success, as it has the potential to grow and remain resilient in a competitive market.

The company designs, develops, and markets high speed programmable logic devices. This means it provides electronic systems customers with quickly designed, easily configured components. Lattice markets its products to original equipment manufacturers of communication, computing, industrial, and military systems, making it a great choice for customers in the market for reliable, high-quality products.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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