Lattice Semiconductor Earnings: What To Look For From LSCC
Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) will be announcing earnings results tomorrow after market hours. Here's what to look for.
Last quarter Lattice Semiconductor reported revenues of $192.2 million, up 11.4% year on year, in line with analyst expectations. It was a mixed quarter for the company, with a significant improvement in its inventory levels but underwhelming revenue guidance for the next quarter.
Is Lattice Semiconductor buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Lattice Semiconductor's revenue to grow 0.3% year on year to $176.5 million, slowing down from the 24.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.
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 2.5%.
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. Intel delivered top-line growth of 9.7% year on year, beating analyst estimates by 1.5% and AMD reported revenues up 10.2% year on year, exceeding estimates by 0.5%. Intel traded down 4.7% on the results, and AMD was down 1.4%.
Read our full analysis of Intel'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 7.4% over the last month. Lattice Semiconductor is up 5.4% during the same time, and is heading into the earnings with analyst price target of $76.2, compared to share price of $69.8.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
