![]() ![]() We are pleased with the continued growth in our existing products and very excited about the expansion of our product portfolio into new greenfield opportunities with the December launch of Lattice Avant™." Topline growth was driven by our strategic segments of industrial and automotive, as well as communications and computing. Jim Anderson, president and CEO, said, "We delivered solid results with 31% year-over-year revenue growth in Q3 2022, and a 73% year-over-year increase in net income on a GAAP basis and 68% on a non-GAAP basis. Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, announced financial results today for the fiscal third quarter ended October 1, 2022. Additional information relating to these measures is included below in “Non-GAAP Financial Measures.” For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. Generally Accepted Accounting Principles. Net Income improves to $0.33 / $0.48 per diluted share for Q3 2022 on a GAAP / Non-GAAP basis, compared to $0.19 / $0.28, respectively, for Q3 2021.Gross Margin expands to 68.8% / 69.5% for Q3 2022 on a GAAP / Non-GAAP basis, compared to 62.8% / 63.6%, respectively, for Q3 2021.Record quarterly revenue with growth of 31% compared to Q3 2021 and 7% compared to Q2 2022.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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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