Lattice Semiconductor Reports Third Quarter 2024 Results
Lattice Semiconductor Corporation (LSCC)
Last lattice semiconductor corporation earnings: 4/28 04:00 pm
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Source: Business Wire
HILLSBORO, Ore.--(BUSINESS WIRE)--Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal third quarter ended September 28, 2024.Revenue for the third quarter of 2024 was $127.1 million, with GAAP gross margin of 69.0% and GAAP net income of $0.05 per diluted share. On a non-GAAP basis, gross margin was 69.0% with net income per diluted share of $0.24. Third quarter of 2024 results include a one-time GAAP-only charge of $6.5 million related to actions the Company took to drive a comprehensive reduction in spending during the quarter to better align its resources to support the current business level and drive more efficiency across the business. The actions are expected to result in a 14% workforce reduction and 14% reduction in non-headcount operating expenses. The Company expects the operating expense reduction will help drive annual earnings expansion in the low double-digit range in 2025.Ford Tamer,
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News
- Analysts Just Slashed Their Lattice Semiconductor Corporation (NASDAQ:LSCC) EPS Numbers [Yahoo! Finance]Yahoo! Finance
- Lattice Semiconductor Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Lattice Semiconductor Co. (NASDAQ: LSCC) had its price target lowered by analysts at Raymond James from $55.00 to $52.00. They now have an "outperform" rating on the stock.MarketBeat
- Lattice Semiconductor Cuts Jobs as Profit and Sales Slump [Yahoo! Finance]Yahoo! Finance
- Lattice Semiconductor Co. (NASDAQ: LSCC) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $56.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
LSCC
Earnings
- 11/4/24 - Beat
LSCC
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LSCC's page on the SEC website