Analysts Forecast 21.9% Q4 Revenue Growth to $143.2 Million and $0.32 EPS
Last quarter Lattice Semiconductor reported $133.3 million in revenue, up 4.9% year on year, but missed adjusted operating income estimates. Analysts forecast Q4 revenue of $143.2 million, a 21.9% annual gain, and adjusted earnings of $0.32 per share after a 31.2% decline last year.
1. Q3 Financial Recap
In the third quarter Lattice Semiconductor generated $133.3 million in revenue, a 4.9% increase year on year, powered by improved inventory levels. The company fell short of analysts’ adjusted operating income projections, marking a mixed performance in profitability.
2. Q4 Expectations
For the upcoming fourth quarter, analysts project revenue of $143.2 million, reflecting 21.9% growth from a year earlier, and adjusted earnings of $0.32 per share. This forecast follows a 31.2% revenue decline in the same quarter last year and assumes stable operational execution.
3. Peer Comparison and Market Sentiment
Recent Q4 reports from Qorvo (8.4% revenue rise) and Penguin Solutions (flat revenue, 1.2% estimate beat) have seen share prices drop 6.8% and 13.8% respectively. Processor and graphics chip stocks have rallied 9% on average over the past month, while Lattice shares are up 4%, trading near an $87.21 average analyst price target.