Lattice Semiconductor Corp Stock Price, News & Analysis

Lattice Semiconductor (NASDAQ: LSCC) announced its participation in the 2024 OCP Global Summit, taking place at the San Jose Convention Center from October 15-17, 2024. The company will showcase its latest FPGA solutions for datacenter challenges in AI, security, control, and networking.

Lattice's demo showcase at Booth #A36 will feature:

• AI-server solutions for signal management and security
• Communication solutions with attestation over LTPI
• Post-Quantum Cryptography (PQC) and Caliptra solutions
• Remote Management solutions with Open BMC and Open BIC
• Center-Secure ORAN solutions

Additionally, Lattice will present engineering workshops on topics such as leveraging FPGAs for Root of Trust functions, Platform Root of Trust architecture, and future-ready green ORAN.

Lattice Semiconductor (NASDAQ: LSCC) has appointed Dr. Ford Tamer as its new CEO and Board member, effective immediately. Tamer replaces Esam Elashmawi, who served as Interim CEO since June 2024 and will continue as Chief Strategy and Marketing Officer. Tamer brings extensive experience in semiconductors, networking, and enterprise software, having previously served as President and CEO of Inphi for over nine years. He holds an M.S. and Ph.D. from MIT and currently serves on the boards of Teradyne and Groq. The company has reaffirmed its guidance provided on July 29, 2024.

Lattice Semiconductor (NASDAQ: LSCC), a leader in low power programmable solutions, has announced its participation in the FPGA World Conference 2024. The company will showcase its latest FPGA technology innovations, particularly in embedded vision applications, through speaker track sessions and demo showcases. The conference will take place in both Stockholm and Copenhagen, featuring Lattice's presentations on 'Sensor Fusion Applied to Maximize Accuracy for Industrial Applications'. This international forum brings together researchers, engineers, teachers, students, and hackers to discuss topics related to complex FPGA systems, FPGA/ASIC-based products, and educational and industrial cases.

Lattice Semiconductor (NASDAQ: LSCC) has been recognized as a 2024 Top Workplace in the San Francisco Bay Area by The San Francisco Chronicle. This award is based on direct employee feedback measuring various aspects of the employee experience, including feeling 'Respected & Supported', 'Enabled to Grow', and 'Empowered to Execute'.

Esam Elashmawi, Interim CEO & Chief Strategy and Marketing Officer, expressed pride in this recognition, highlighting Lattice's commitment to fostering an empowering culture. The Top Workplaces program, which celebrates organizations with 150+ employees, invited over 42,000 organizations to participate. Lattice's selection was based solely on employee feedback gathered through an engagement survey by Energage.

Lattice Semiconductor (Nasdaq: LSCC), a leader in low power programmable solutions, has announced its participation in the KeyBanc Capital Markets Technology Leadership Forum on August 6, 2024. Key executives, including Esam Elashmawi (Interim CEO & Chief Strategy and Marketing Officer), Sherri Luther (CFO), and Rick Muscha (VP of Investor Relations), will present the company's strategy and recent financial results.

A fireside chat with institutional investors is scheduled for 1:30 p.m. Eastern Time and will be webcast on the investor relations section of Lattice Semiconductor's website. This presentation offers an opportunity for investors and analysts to gain insights into the company's performance and future plans in the semiconductor industry.

Lattice Semiconductor (NASDAQ: LSCC) reported its Q2 2024 financial results, showing revenue of $124.1 million, a 34.7% decrease year-over-year. The company's GAAP gross margin was 68.3%, with a GAAP net income of $0.16 per diluted share. On a non-GAAP basis, gross margin was 69.0% with net income of $0.23 per diluted share.

Despite industry headwinds and inventory normalization, Lattice's management sees signs of improvement. The company continues to expand its product portfolio and maintain disciplined spending. For Q3 2024, Lattice expects revenue between $117 million and $137 million, with a non-GAAP gross margin of approximately 69.0%.

Lattice Semiconductor (NASDAQ: LSCC) has announced the return of its annual Lattice Developers Conference on December 10-11, 2024. This hybrid event will feature keynote presentations, breakout sessions, new product announcements, technical trainings, and FPGA-based technology demonstrations. The conference aims to bring together Lattice's customer and partner ecosystem, focusing on edge AI, security, and advanced connectivity applications using low power FPGA solutions.

The in-person conference and exhibits will take place in San Jose, California on December 10, 2024, with a virtual component running from December 10-11, 2024. Attendees will have the opportunity to explore cutting-edge trends and opportunities in the FPGA industry alongside ecosystem partners and industry leaders.

Lattice Semiconductor (NASDAQ: LSCC) has expanded its small FPGA portfolio with new logic-optimized Lattice Certus-NX FPGA devices. The addition includes two new capacity points, Certus-NX-28 and Certus-NX-09, with multiple package options. These devices offer class-leading power efficiency, small size, and reliability with flexible migration options, designed to accelerate applications in Communications, Computing, Industrial, and Automotive sectors.

Built on the Lattice Nexus FPGA platform, the new Certus-NX FPGAs boast up to 4X lower power consumption, up to 3X smaller form factor, and up to 100X lower soft error rate compared to competing FPGAs. They also feature the highest I/O count per package and fastest instant-on configuration performance. The devices are now shipping and supported by the latest Lattice Radiant design software.

Lattice Semiconductor (Nasdaq: LSCC) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Monday, July 29, 2024, at 5 p.m. Eastern Time. Interim CEO & Chief Strategy and Marketing Officer Esam Elashmawi and CFO Sherri Luther will lead the discussion on the company's financial performance and business outlook. Investors and interested parties can access the call via phone or a live webcast on the company's investor relations website.

To join the audio call, participants can dial 1-877-407-3982 (US) or 1-201-493-6780 (International) using the conference ID 13747663. This event provides an opportunity for stakeholders to gain insights into Lattice Semiconductor's recent performance and future strategies in the low power programmable solutions market.