Lattice Semiconductor Corp Stock Price, News & Analysis

Lattice Semiconductor (NASDAQ: LSCC) has expanded its collaboration with the CC-Link Partner Association (CLPA) to enhance industrial automation applications. This partnership aims to improve power efficiency, security, and safety in smart factories as the industry advances towards Industry 4.0. Key technologies include Lattice's low power FPGAs and solutions like Lattice Automate™ and Lattice mVision™.

CLPA, founded in 2000, boasts over 4,100 member companies and provides cutting-edge solutions for open industrial networks.

Lattice Semiconductor (NASDAQ: LSCC) announced that its MachXO5™-NX FPGA was shortlisted for the 2022 Elektra Awards in the Digital Semiconductor category. This recognition highlights the product's exceptional power efficiency and reliability for applications across various sectors, including Automotive and Industrial. The Elektra Awards celebrate innovation within the electronics industry, with winners selected by a panel of experts. The ceremony will be held in London on November 30, 2022.

Lattice Semiconductor (NASDAQ: LSCC) has appointed Raejeanne Skillern to its Board of Directors and Compensation Committee. With 28 years in the enterprise and cloud computing sectors, she has held senior roles at Flex and Intel. Her experience includes leading the Data Center Group and Cloud Service Provider Platform Group at Intel. The Chairman of the Board, Jeff Richardson, praised her potential to enhance shareholder value and support Lattice's long-term growth strategy.

Lattice Semiconductor (NASDAQ: LSCC) announces the optimization of its CertusPro-NX FPGA family for automotive applications, featuring AEC-Q100 qualification. These devices provide advanced system bandwidth, power efficiency, and a compact design, supporting LPDDR4 external memory. Key benefits include up to 4X power reduction, 2X SERDES bandwidth improvement, and a 100X lower soft error rate compared to competitors. The automotive-grade FPGAs are now sampling with select customers, targeting in-vehicle applications such as ADAS and infotainment systems.

Lattice Semiconductor (NASDAQ: LSCC) will host its quarterly virtual security seminar on September 14 at 6:30 a.m. PDT. The seminar will focus on challenges and opportunities in the Communications industry, particularly in the context of 5G networks and ORAN adoption. Security experts will discuss the latest security requirements and how FPGAs can enhance cyber resiliency in telecom solutions. Registration is required for the Lattice Security Seminar.

Lattice Semiconductor (NASDAQ: LSCC) has authorized a stock buyback program of up to $150 million to enhance shareholder value, effective through December 2023. This addition follows a previous authorization of $100 million set to expire at the end of 2022. Notably, the company reported a 31% year-over-year increase in operating cash flow. The buyback strategy reflects Lattice's strong financial position and ongoing commitment to deliver value to shareholders through effective capital allocation.

Lattice Semiconductor (NASDAQ: LSCC) will meet with institutional investors at the KeyBanc Technology Leadership Forum on August 9, 2022, in Vail, Colorado. Executives including Jim Anderson (CEO), Sherri Luther (CFO), and Rick Muscha (Investor Relations) will discuss the company's strategy and financial results. A fireside chat will be webcast live at 1:30 PM ET on Lattice's investor relations website. Lattice Semiconductor is recognized as the leader in low power programmable solutions, serving markets such as communications, computing, industrial, automotive, and consumer.

Lattice Semiconductor Corporation (NASDAQ: LSCC) reported a record revenue of $161.4 million for Q2 2022, marking a 28% increase year-over-year. Gross margin expanded to 68.5% on a GAAP basis and 69.1% on a non-GAAP basis, significantly up from the previous year's figures. Net income per diluted share rose to $0.32 GAAP and $0.42 non-GAAP, reflecting year-over-year increases of 113% and 68%, respectively. The company also expanded its product portfolio and received multiple industry awards, enhancing its position in strategic markets. Revenue guidance for Q3 2022 is projected between $161 million and $171 million.