Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) will be announcing earnings results this Monday after the bell. Here’s what to look for.
Lattice Semiconductor beat analysts’ revenue expectations last quarter, reporting revenues of $201.1 million, up 62.2% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
Is Lattice Semiconductor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Lattice Semiconductor’s revenue to grow 91.9% year on year, improving from the 4.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Lattice Semiconductor rarely misses Wall Street’s revenue estimates.
Looking at Lattice Semiconductor’s peers in the processors and graphics chips segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Penguin Solutions delivered year-on-year revenue growth of 67.7%, beating analysts’ expectations by 8.8%, and Allegro MicroSystems reported revenues up 29.2%, topping estimates by 2.1%. Penguin Solutions traded up 13.1% following the results while Allegro MicroSystems was down 13.7%.
Read our full analysis of Penguin Solutions’s results here and Allegro MicroSystems’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). Investors in processors and graphics chips stocks haven’t been spared in this environment as share prices are down 19% on average over the last month. Lattice Semiconductor is down 28.6% during the same time and is heading into earnings with an average analyst price target of $158 (compared to the current share price of $95.64).
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