LATTICE SEMICONDUCTOR Reports Q2 FY 2023 Earnings Results on July 31st
August 23, 2023
🌥️Earnings Overview
On July 31st 2023, LATTICE SEMICONDUCTOR ($NASDAQ:LSCC) announced the second quarter earnings results for the fiscal year 2023, ending June 30th 2023. Total revenue increased 17.8% from the same period in the prior year, totaling USD 190.1 million. Net income also increased 13.7% to USD 50.6 million.
Share Price
On Monday, July 31st, LATTICE SEMICONDUCTOR reported its fiscal year 2023 second quarter earnings results. The stock opened at $91.1 and closed on the same day at $90.9. This signifies a slight negative return for investors on a day that saw generally positive returns for semiconductor stocks.
Analysts have generally been optimistic about the company’s performance in the second quarter. They note that LATTICE SEMICONDUCTOR has shown a steady improvement in all areas of their business and has a strong outlook for future growth. 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
GoodWhale has done an analysis of LATTICE SEMICONDUCTOR‘s financials, and the results are very positive. The Star Chart shows that LATTICE SEMICONDUCTOR has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Furthermore, we find that it is strong in asset, growth, profitability, and weak in dividend, making it a good option for long-term investors. Therefore, this type of company may be of particular interest to value and growth investors who are looking for a long-term investment with low risk. 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 delivered a strong performance in the second quarter of 2023, with total revenue growing 17.8% year-over-year to USD 190.1 million. Net income was up 13.7% compared to the same period of the previous year at USD 50.6 million. This performance demonstrates that Lattice is a sound investment, as reflected in the rise of the company’s stock price following their earnings report.
Analysts have expressed confidence in the company’s outlook, expecting continued positive growth in the future. Investors should consider putting their money into Lattice Semiconductor if they are looking for a reliable, long-term investment.
