Lattice Semiconductor Corporation (NASDAQ:LSCC) on Monday reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.
Lattice Semiconductor reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 55 cents per share. The company reported quarterly sales of $291.035 million which beat the analyst consensus estimate of $255.540 million.
Lattice Semiconductor said it sees fourth-quarter adjusted EPS of 82 cents-86 cents and sales of $325.000 million-$345.000 million.
Ford Tamer, Chief Executive Officer, said, “We delivered record third quarter revenue of $291 million and non-GAAP EPS of $0.72, up 118% and approximately 160% year-over-year, respectively. FPGA revenue grew approximately 90%, fueled by accelerating data center AI demand and continued momentum across Industrial & Embedded applications. Strong bookings, backlog and design wins support our fourth-quarter revenue outlook of approximately $335 million and reinforce our confidence in growth into 2027 and beyond.”
Lattice Semiconductor shares gained 10.7% to $105.70 in pre-market trading.
These analysts made changes to their price targets on Lattice Semiconductor following earnings announcement.
- Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $175 to $200.
- Stifel analyst Ruben Roy maintained the stock with a Buy and raised the price target from $165 to $175.
Considering buying LSCC stock? Here’s what analysts think:
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