Lattice Semiconductor (LSCC) Lowers Q2 Guidance
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Price: $67.97 +2.86%
Revenue Growth %: -24.0%
Financial Fact:
Revenue: 113.23M
Today's EPS Names:
SFST, VLTO, CLIR, More
Revenue Growth %: -24.0%
Financial Fact:
Revenue: 113.23M
Today's EPS Names:
SFST, VLTO, CLIR, More
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Lattice Semiconductor Corporation (NASDAQ: LSCC) lowers Q2 guidance.
Revenue is now expected to be approximately flat to down 3% on a sequential basis, versus prior guidance of approximately flat to up 4%.
Gross margin percentage is expected to be approximately 51% plus or minus 1%. This compares with prior guidance for gross margin to be to approximately 55% plus or minus 1%.
Total operating expenses are expected to be approximately $39.5 million, including approximately $1.0 million in acquisition related charges. This is in-line with prior guidance.
Revenue is now expected to be approximately flat to down 3% on a sequential basis, versus prior guidance of approximately flat to up 4%.
Gross margin percentage is expected to be approximately 51% plus or minus 1%. This compares with prior guidance for gross margin to be to approximately 55% plus or minus 1%.
Total operating expenses are expected to be approximately $39.5 million, including approximately $1.0 million in acquisition related charges. This is in-line with prior guidance.
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