Welcome to our dedicated page for Lattice Semiconductor news (Ticker: LSCC), a resource for investors and traders seeking the latest updates and insights on Lattice Semiconductor stock.
Lattice Semiconductor Corporation develops low-power programmable semiconductor technology, including FPGA-based silicon products, silicon-enabling products, evaluation boards, development hardware, intellectual property licensing, services, and related sales. The company serves communications, computing, industrial, automotive, and consumer markets, with applications extending from edge systems to cloud-connected infrastructure.
LSCC news commonly covers quarterly operating results, business outlook, product demonstrations, and platform updates for edge AI, computer vision, sensor bridging and fusion, robotics, industrial HMI, security, and automotive and industrial applications. Company updates also include technology collaborations, investor conference participation, governance matters, material agreements, and capital-structure disclosures.
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.
Lattice Semiconductor (NASDAQ: LSCC) has announced that its AI and computer vision software solution, Glance by Mirametrix®, is now featured in LG's latest gram laptop lineup. This collaboration enhances user experience through advanced attention-sensing technology, offering features that improve security, digital wellbeing, and productivity. The LG gram series is now available in the U.S. and globally, integrating Lattice's innovative software to promote user engagement and safety.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 2021 Partner of the Year by NEC, acknowledging its exceptional operational and customer support. Jerry Xu, President of APAC at Lattice, expressed gratitude for this recognition and emphasized the importance of collaborative relationships in achieving shared success. NEC's Shigeki Shimizu highlighted Lattice's commitment to understanding customer needs, particularly during complex supply challenges. Lattice continues to lead in low power programmable solutions across various markets, enhancing innovation and connectivity.
Lattice Semiconductor Corporation (NASDAQ: LSCC) will host its second quarter 2022 conference call on August 1, 2022, at 5 p.m. ET. Executives, including President Jim Anderson and CFO Sherri Luther, will present financial results and business outlooks. Investors can join via phone at 1-877-407-3982 or 1-201-493-6780 using conference ID 13730685. A live webcast will also be accessible on the company’s investor relations website.
Lattice focuses on low power programmable solutions in various markets including Communications, Computing, and Automotive.
Lattice Semiconductor (NASDAQ: LSCC) has partnered with Google and Lenovo to enhance the Lenovo IdeaPad Flex 5i Chromebook with advanced machine learning capabilities. This collaboration focuses on user presence detection and privacy features, utilizing Lattice's low power FPGAs from the Nexus platform. The new laptop aims to improve user experience through innovative AI and security features while maintaining performance and efficiency.
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Lattice Semiconductor Corporation (NASDAQ: LSCC) is set to transition from the Russell 2000® Index to the Russell 1000® Index on June 27, 2022, as announced in their recent press release. CFO Sherri Luther emphasized that this move reflects the significant progress the company has made in recent years, underlining their commitment to enhancing shareholder value. This transition is a notable milestone for Lattice, highlighting their growth trajectory in the low-power programmable market.
Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable technology, will participate in the FPGA Conference Europe from July 5-7, 2022, at NH München Ost Conference Center, Munich, Germany. The event includes demo showcases, speaker sessions on FPGA innovations, and discussions on cybersecurity trends. Attendees can win a Lattice MachXO3LF Starter Kit in a daily raffle. This conference is key for professionals in the programmable logic device sector.
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