Lattice Semiconductor Sees Q1 Revenue $130M-$150M vs $174.42M Est.
Portfolio Pulse from Benzinga Newsdesk
Lattice Semiconductor projects Q1 2024 revenue to be between $130M-$150M, significantly below the estimated $174.42M. The company also forecasts a gross margin of approximately 69% and operating expenses between $54M-$56M on a non-GAAP basis.
February 12, 2024 | 9:03 pm
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Lattice Semiconductor expects Q1 2024 revenue to be significantly lower than estimates, with a projected range of $130M-$150M versus the expected $174.42M.
The projected revenue for Lattice Semiconductor in Q1 2024 is substantially below the market's expectation, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term. The significant gap between the forecasted and estimated revenues indicates potential challenges the company might be facing, which investors will likely view unfavorably.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100