LATTICE SEMICONDUCTOR Reports Q2 Earnings for Fiscal Year 2023
August 12, 2023
🌥️Earnings Overview
LATTICE SEMICONDUCTOR ($NASDAQ:LSCC) announced on June 30, 2023 that their second quarter earnings for fiscal year 2023 had resulted in total revenue of USD 190.1 million, representing a 17.8% increase from the same period in 2023. Additionally, net income rose 13.7% year over year to USD 50.6 million.
Market Price
The report showed that the company’s stock had opened at $91.1 and closed at $90.9. Overall, the results of LATTICE SEMICONDUCTOR‘s second quarter earnings report were mixed, with some positive developments such as increased research and development expenditure, as well as some expected declines such as a decrease in stock price and overall revenue. It remains to be seen how the company will perform in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lattice Semiconductor. More…
| Total Revenues | Net Income | Net Margin |
| 722.86 | 204.84 | 28.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lattice Semiconductor. More…
| Operations | Investing | Financing |
| 261.35 | -38.39 | -236.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lattice Semiconductor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 759.07 | 184.31 | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Lattice Semiconductor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.6% | 57.1% | 29.5% |
| FCF Margin | ROE | ROA |
| 30.8% | 24.4% | 17.5% |
Analysis
At GoodWhale, we have analyzed the financials of LATTICE SEMICONDUCTOR to determine its risk rating. After a deep-dive analysis, we have determined that LATTICE SEMICONDUCTOR is a medium risk investment when considering its financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of LATTICE SEMICONDUCTOR. To know more about these warnings, you can register on our website, GoodWhale.com. There, you can access detailed information about all your investments and understand the risks associated with them. GoodWhale’s aim is to provide you with an unbiased and comprehensive assessment of your investments, so that you can make smart decisions. With our data-driven advice, you can be sure of the investments you make and the risks associated with them. More…
Peers
The company operates in two segments, Programmable Logic and Other. The Programmable Logic segment offers programmable logic devices (PLDs), including field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), Programmable Mixed Signal Products (PMSPs), and other PLDs.
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Summary
Lattice Semiconductor, a provider of customizable digital programmable logic solutions, has reported excellent second quarter results for fiscal year 2023. Total revenue grew by 17.8% to USD 190.1 million, while net income rose 13.7% to USD 50.6 million year over year. This strong performance is indicative of the company’s efficiency and financial health, and underlines their potential as a worthwhile investment.
Analysts have been positive in their assessment of Lattice Semiconductor’s prospects, citing their ability to develop innovative solutions and capitalize on market opportunities. Investors looking for long-term success should consider investing in the company’s stocks.
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