Lattice Semiconductor Corp. (NASDAQ:LSCC) released its first-quarter results after Monday's closing bell. Here's a look at the details from the report.
The Details: Lattice Semiconductor reported quarterly earnings of 22 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $120.15 million, which beat the analyst consensus estimate of $120.13 million, but is down from revenue of $140.81 million from the same period last year.
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“The first quarter of 2025 developed as expected, with sequential revenue growth, a record level of design wins, and a further expansion of our operating margins. Revenue and design win growth are being led by new applications, notably in generative AI in the datacenter, robotics in industrial, in-cabin and ADAS in automotive, AR/VR in consumer, security, including post-quantum cryptography, and far edge AI for lower power applications,” Ford Tamer, CEO of Lattice, said.
While we are encouraged by our progress, we are monitoring the market environment, along with the broader industry, as it could have an impact on our outlook,” Tamer added.
Outlook: Lattice Semiconductor sees second-quarter adjusted earnings of between 22 cents and 26 cents per share, versus the 24 cent estimate, and revenue in a range of $118.5 million to $128.5 million, versus the $123.61 million analyst estimate.
LSCC Price Action: According to data from Benzinga Pro, Lattice Semiconductor stock was down 2.78% after hours at $51 on Monday.
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