Lattice Semiconductor Corporation (NASDAQ: LSCC) saw its stock soar 11.07% in after-hours trading on Monday, February 10th. The surge followed the company's announcement of multiple new executive leadership team appointments and its better-than-expected first-quarter guidance.

The key news driving the stock's move was Lattice naming Lorenzo Flores as its new Chief Financial Officer. Flores brings over 30 years of technology industry and financial leadership experience, having previously served as CFO at Intel Foundry, Xilinx, and UXComm. The company also appointed Nicole Singer as Chief People Officer and promoted Erhaan Shaikh to Senior Vice President of Worldwide Sales.

In addition to the executive changes, Lattice provided a strong outlook for the first quarter of 2025. The company expects revenue between $115 million and $125 million, surpassing analysts' consensus estimate of $118.8 million. Lattice's adjusted earnings per share guidance of $0.20 to $0.24 also exceeded Wall Street's expectations of $0.21.

While Lattice's fourth-quarter earnings of $0.15 per share missed analysts' estimates of $0.19, the company's CEO, Ford Tamer, struck an optimistic tone about the improving market environment. Tamer cited stronger backlog and an improved book-to-bill ratio as positive signs for the business moving forward.