Lattice Semiconductor (LSCC) Lowers Q2 Guidance

June 14, 2012 6:43 AM EDT
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.

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