Lattice Semiconductor's (LSCC) first-quarter results reflect weak momentum across the communications and computing, and industrial and automotive markets.
Lattice Semiconductor ( NASDAQ:LSCC ) First Quarter 2024 Results Key Financial Results Revenue: US$140.8m (down 24...
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) fell 8.5% in the afternoon session after the company reported first quarter results. The quarter itself was fine: Revenue beat by about 0.5%, operating income beat by 1.5%, and EPS beat by a penny. Guidance is what is causing weakness in the stock. Both revenue and implied operating profit guidance for the next quarter were below. The weakness seems to be caused by inventory destocking headwinds in communications infrastructure