Lattice Semiconductor reports Q3 EPS 24c, consensus 24c

Reports Q3 revenue $127.1M, consensus $127.1M. Ford Tamer, Chief Executive Officer, said, “Through my meetings with employees, customers, and partners, since joining Lattice, I’m even more convinced that we are in an excellent position to expand market share over the long-term. Third quarter 2024 results were inline with the Company’s prior expectations, which reflects the disciplined execution of our strategy and a continued focus on operational efficiency. After careful consideration, we proactively took action in the third quarter to better align our resources to the current business level, while maintaining the stability and integrity of our leadership product roadmap, customer support and demand creation infrastructure. Importantly, we do not expect any additional reductions will be needed. While we expect continued near-term industry headwinds, I am excited about the opportunity to build on Lattice’s strong foundation.”