Lattice Semiconductor Earnings: What To Look For From LSCC

Jabin Bastian /
2023/02/10 4:10 am EST

Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) will be reporting results next Monday after the bell. Here's what to expect.

Last quarter Lattice Semiconductor reported revenues of $172.5 million, up 30.8% year on year, beating analyst revenue expectations by 3.7%. It was a very strong quarter for the company, with a beat on the bottom line and a significant improvement in operating margin.

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This quarter analysts are expecting Lattice Semiconductor's revenue to grow 23.2% year on year to $174.7 million, slowing down from the 32.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Lattice Semiconductor Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 3.88%.

Looking at Lattice Semiconductor's peers in the processors and graphics chips segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Qualcomm's revenues decreased 11.6% year on year, missing analyst estimates by 1.14% and AMD reported revenues up 16% year on year, exceeding estimates by 1.5%. Qualcomm traded up 2.99% on the results, and AMD was up 3.71%. Read our full analysis of Qualcomm's results here and AMD's results here.

There has been positive sentiment among investors in the processors and graphics chips segment, with the stocks up on average 10.6% over the last month. Lattice Semiconductor is up 14.6% during the same time, and is heading into the earnings with analyst price target of $74.6, compared to share price of $82.6.

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The author has no position in any of the stocks mentioned.