- Lattice Semiconductor ( NASDAQ: LSCC ) shares jumped after t opping consensus mark in Q3 , with 31% Y/Y growth in revenue and 73% Y/Y increase in net income.
- Top-line growth was driven by strategic segments of industrial and automotive, as well as communications and computing.
- Board of Directors authorized the company to repurchase up to an additional $150M of its outstanding common stock through the end of December 2023.
- Q4 Outlook : Revenue is expected to be between $170M and $180M vs. consensus of $169.5M; Gross margin rate is expected to be 69.5% plus or minus 1% on a non-GAAP basis; Total operating expenses to be between $51M and $53M on a non-GAAP basis.
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Lattice Semiconductor shares higher on topping consensus in Q3