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Lattice semiconductor group8/7/2023 Q1 2023 non-GAAP gross margin of $129.6 million, up 27.2 percent from $101.9 million one year ago.The EPS beat analyst consensus estimates of $0.50 per diluted share from. Q1 2023 non-GAAP earnings per diluted share (EPS) of $0.51 per share, up from $0.37 per share one year ago.Q1 2023 non-GAAP net income of $71.8 million, up 36.2 percent from $52.7 million one year ago.The Q1 revenue figure topped analyst consensus estimates of $180.01 million from. Q1 2023 revenue of $184.3 million, up 22.5 percent from $150.5 million one year ago.Here are Lattice Semiconductor’s fiscal Q1 2023 earnings results by the numbers: Lattice Semiconductor Q1 2023 Revenue Hits $184M, Up 22.5% YoYĪnalyst Take: Lattice Semiconductor’s revenue increase of 22.5 percent in Q1 marks another impressive quarter for the company, which saw particularly healthy growth in its industrial and automotive market segment.Īnd Lattice continues to be poised for more growth, we believe, due to the expansion of its innovative and useful Field-Programmable Gate Array (FPGA) product line that is gaining new models to serve more tasks for device makers, despite a still difficult macroeconomic environment around the world. Read the full Press Release from the Lattice Semiconductor investor web site. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.The News: Lattice Semiconductor’s revenue for the first quarter of 2023 reached $184.3 million, up a record 22.5 percent from $150.5 million one year ago, as the low-power programmable FPGA maker reported its latest earnings figures on May 1 for the period ending April 1, 2023. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”ĭownload Free ChatGPT Stock Report Right Now > Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. Lattice Semiconductor and Meta Platforms could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks. The industry has moved +24.9% so far this year. Currently, this 147-stock industry is ranked #88. Meta Platforms, however, belongs to the Internet - Software industry. This group has gained an average of 13.3% so far this year, so LSCC is performing better in this area. The stock currently has a Zacks Rank #1 (Strong Buy).īreaking things down more, Lattice Semiconductor is a member of the Electronics - Semiconductors industry, which includes 40 individual companies and currently sits at #165 in the Zacks Industry Rank. The consensus estimate for Meta Platforms' current year EPS has increased 29.3% over the past three months. One other Computer and Technology stock that has outperformed the sector so far this year is Meta Platforms (META). This shows that Lattice Semiconductor is outperforming its peers so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 18.6% on average. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.īased on the most recent data, LSCC has returned 26.6% so far this year. Over the past 90 days, the Zacks Consensus Estimate for LSCC's full-year earnings has moved 4.8% higher. Lattice Semiconductor is currently sporting a Zacks Rank of #2 (Buy). The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Computer and Technology group currently sits at #11 within the Zacks Sector Rank. Lattice Semiconductor is one of 642 companies in the Computer and Technology group. Lattice Semiconductor (LSCC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers.
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