Lattice Semiconductor Corp. LSCC reported its fourth-quarter financial results after Monday's closing bell. Here's a look at the details from the report.
The Details: Lattice reported quarterly earnings of 15 cents per share, which missed the analyst consensus estimate of 19 cents. Quarterly revenue came in at $117.41 million, which beat the analyst consensus estimate of $117.09 million.
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“We achieved record design wins, significantly reduced operating expenses, and delivered a strong 31.8% adjusted EBITDA margin in 2024,” said Ford Tamer, CEO of Lattice Semiconductor.
“Having just come back from sales conferences in North America, APAC and EMEA, I am more confident in our strategy and product roadmap. We are starting to see signs of improvement in the broader market environment as evidenced by our stronger backlog and improved book to bill, which bode well for our business moving forward,” Tamer added.
Outlook: Lattice Semiconductor sees first-quarter earnings in a range of 20 cents to 24 cents per share versus the 21-cent estimate, and revenue in a range of $115 million to $125 million against the $118.8-million estimate.
LSCC Price Action: According to data from Benzinga Pro, Lattice Semiconductor shares are up 10.8% after hours at $60.36 Monday.
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Image: Courtesy of Lattice Semiconductor Corp.
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