Lattice Semiconductor (LSCC) PT Raised to $83 at BofA Securities

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Go back to Lattice Semiconductor (LSCC) PT Raised to $83 at BofA Securities

Lattice Semiconductor Reports First Quarter 2024 Results

April 29, 2024 4:00 PM EDT

HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal first quarter ended March 30, 2024.

Revenue for the first quarter of 2024 was $140.8 million, with GAAP gross margin of 68.3% and GAAP net income of $0.11 per diluted share. On a non-GAAP basis, gross margin was 69% with net income per diluted share of $0.29.

Jim Anderson, president and CEO, said, "First quarter 2024 results came in as expected and reflect the near-term impact of cyclic industry headwinds. Despite near-term headwinds, the Company is... More