Lattice Semiconductor Analysts Raise Their Forecasts Following Strong Q2 Earnings

Lattice Semiconductor Corp (NASDAQ: LSCC ) on Tuesday posted better-than-expected second-quarter results. The company reported quarterly earnings of 53 cents per share which beat the analyst consensus estimate of 44 cents per share. The company reported quarterly sales of $201.079 million which beat the analyst consensus estimate of $185.451 million. Lattice Semiconductor said it sees third-quarter adjusted EPS of 54 cents to 58 cents, versus market estimates of 47 cents. The company expects sales of $210.000 million to $230.000 million, versus estimates of $196.987 million. Ford Tamer, Chief Executive Officer, said, “We delivered an exceptional second quarter, achieving record revenue of $201 million and non-GAAP EPS of $0.53, up 62% and more than 120% year-over-year, respectively. Both metrics exceeded the high end of our guidance. The combination of strong customer demand, ac...