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Lattice Semiconductor (NASDAQ:LSCC) reported Q3’24 earnings on November 4, 2024, largely in line with consensus estimates at $127.1mm in net revenue and an EPS of $0.24/share. The earnings call was driven by Lattice’s new CEO, Ford
Lattice Has A Challenging Macroeconomic Environment To Overcome
Summary
- Lattice Semiconductor's Q3’24 earnings were in line with estimates, reporting $127.1 million in revenue and $0.24 EPS. Growth is estimated to be relatively flat going into eFY25.
- New CEO Ford Tamer aims for 15-20% long-term revenue growth and margin enhancement by focusing on small-to-mid-range FPGAs and reducing costs, including a 14% headcount cut.
- Despite a -34% revenue decline in Q3’24, Lattice expects gradual recovery and 4% growth and strong free cash flow generation in eFY25, driven by cost-cutting and inventory management.
Monte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Investment recommendations are built upon the entirety of the investment ecosystem rather than considering a company independently.
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