While Lattice Semiconductor's earnings and sales for Q1 2024 have surpassed analyst expectations, the significant decrease in both earnings and sales compared to the previous year could temper investor enthusiasm. The positive beat on expectations may provide some short-term positive sentiment, but the year-on-year decline highlights potential challenges in growth or market conditions that could concern investors. Therefore, the short-term impact on LSCC's stock price is assessed as neutral, reflecting a balance between the positive earnings beat and concerns over declining performance.