Lattice Semiconductor Surprises Investors with Earnings Report

PORTLAND, Ore. – Lattice Semiconductor Corporation (LSCC) reported earnings after the market closed on Monday, delivering results that narrowly exceeded analyst expectations. The company beat projections on both earnings per share—by 0.55%—and revenue—by 0.25%.

Despite the positive earnings report and an optimistic forward guidance, LSCC faced a significant sell-off in after-hours trading. The stock plummeted to a low of $65.00 before bouncing back and stabilizing around the $72 range.

The immediate drop can be attributed to a decline in GAAP profit and investor disappointment regarding the Q4 guidance. Although the guidance indicates growth, it was deemed not aggressive enough to meet the high market expectations.

On a technical level, LSCC has struggled under a significant resistance point of $76.61, which was established during trading back on September 23. Bulls need to break and hold above this level to establish new bullish momentum, with a subsequent target at $84.69.

However, if this bullish momentum fails to hold, the first key support level to watch is at $65.08, which corresponds to the stock’s initial post-earnings drop. A confirmed break below that level could signal a shift in momentum, pushing the next support target down to $61.52.

As LSCC navigates these crucial price levels, investors are closely watching the market’s response to its recent earnings and future guidance.