Lattice Semiconductor (NAS: LSCC) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q2), Lattice Semiconductor beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded.
Margins increased across the board.
Lattice Semiconductor tallied revenue of $84.7 million. The four analysts polled by S&P Capital IQ hoped for revenue of $83.6 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $70.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The three earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. Non-GAAP EPS of $0.05 for Q2 were 400% higher than the prior-year quarter's $0.01 per share. GAAP EPS were $0.04 for Q2 compared to -$0.11 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 53.3%, 100 basis points better than the prior-year quarter. Operating margin was 9.2%, much better than the prior-year quarter. Net margin was 6.0%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $85.1 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $325.4 million. The average EPS estimate is $0.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 125 members out of 142 rating the stock outperform, and 17 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Lattice Semiconductor a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lattice Semiconductor is buy, with an average price target of $7.00.
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The article Lattice Semiconductor Misses Where it Counts originally appeared on Fool.com.
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