Lattice Semiconductor Q2 Results Top Estimates

2022.08.01 23:58

By Yasin Ebrahim

Invesing.com — Lattice Semiconductor reported Monday quarterly results that topped Wall Street expectations as strong chip demand in its computing and automotive end markets bolstered performance. 

Lattice Semiconductor (NASDAQ:LSCC) was up 2.8% in afterhours trading.

The company reported second-quarter earnings of $0.42 per diluted share on revenue of $161.4 million, that was ahead of estimates for $0.40 on revenue of $157.98 million. 

“Growth was driven by our strategic segments of communications and computing, and industrial and automotive,” the company said. 

Looking ahead the company expects revenue in a range of $161 million to $171 million. That is ahead of analysts’ forecasts for $161.4 million.

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