On November 6, Lattice Semiconductor rose 5.72% in Pre-Market Trading to $103.64 per share, with turnover of $336,700.
The move aligns with a broader rebound across semiconductor stocks, while the company is still benefiting from its recently reported quarterly results that beat expectations and a stronger-than-expected fourth-quarter outlook.
Lattice Semiconductor previously reported third-quarter non-GAAP EPS of $0.72 on revenue of $291 million, above market expectations of $0.55 and about $255.9 million. The company guided fourth-quarter non-GAAP EPS to $0.82-$0.86 and revenue to $325 million-$345 million, also ahead of consensus, with FPGA revenue rising about 90% year over year. In the current pre-market session, major semiconductor names were also higher, including NVIDIA, Micron Technology, Advanced Micro Devices, Broadcom, and Taiwan Semiconductor Manufacturing, reinforcing the sector-led backdrop for the stock.
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