Lattice Semiconductor Corporation (NASDAQ:LSCC ) Q3 2024 Earnings Call Transcript November 4, 2024 5:00 PM ET Company Participants Rick Muscha - Senior Director of IR Ford Tamer - CEO Tonya Stevens - Interim CFO Conference Call Participants Tristan Gerra - Robert W. Baird Melissa Weathers - Deutsche Bank Christopher Rolland - Susquehanna International Group Quinn Bolton - Needham and Company Srini Pajjuri - Raymond James Ruben Roy - Stifel Joshua Buchalter - TD Cowen Duksan Jang - Bank of America David Williams - Benchmark Company Operator Greetings and welcome to the Lattice Semiconductor Third Quarter 2024 Earnings Conference Call.
Lattice Semiconductor (LSCC) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.53 per share a year ago.
Lattice Semiconductor's recent portfolio enhancements make the stock lucrative, despite stretched valuations and high-level of inventories with customers.
Lattice fell short on second-quarter revenue and earnings estimates. Management said its slowdown stems from the cyclical semiconductor industry.
Shares of Lattice Semiconductor (LSCC) slid Tuesday, a day after the company reported second-quarter sales below estimates.
Lattice Semiconductor Corporation LSCC reported worse-than-expected second-quarter financial results and issued weak third-quarter revenue guidance on Monday.
Management said demand remains weak from those two end markets.
Lattice Semiconductor Corporation (NASDAQ:LSCC ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants Rick Muscha - Vice President of Investor Relations Esam Elashmawi - Interim Chief Executive Officer Sherri Luther - Chief Financial Officer Conference Call Participants David Williams - Benchmark Ruben Roy - Stifel John Vinh - KeyBanc Capital Markets Matt Ramsey - TD Cowen Melissa Weathers - Deutsche Bank Quinn Bolton - Needham Christopher Rolland - Susquehanna International Group Tristan Gerra - Robert W. Baird Srini Pajjuri - Raymond James Operator Greetings.
Lattice Semiconductor (LSCC) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.52 per share a year ago.
Are you interested in AI but don't know where to start? I can't blame you.
Lattice Semiconductor experienced a decline in share price, which, I believe, was the result of Dell's Q1 '25 earnings release. Despite the headwinds in communications and industrials & automotive, Lattice should realize tailwinds from the legacy server refresh cycle and AI infrastructure implementation. LSCC is bringing their next line of Avant chips to the market in 2H24, which should be accretive to revenue beginning in 2025.
The stock price of Coherent Inc. (NYSE: COHR), a semiconductor company, trades at $70 per share, about 30% below its peak level of $100 seen in February 2021. In contrast, Lattice Semiconductor (NASDAQ: LSCC) stock saw a 15% decline.