Lattice Semiconductor Stock Dips Post Earnings Despite Positive Guidance

HILLSBORO, Ore. – Lattice Semiconductor Corporation (LSCC) reported its latest earnings on Monday, delivering a double beat that slightly exceeded Wall Street expectations. The semiconductor company’s earnings per share surpassed estimates by 0.55%, while revenue was 0.25% above projections.

Despite this positive announcement, LSCC experienced a sharp decline in after-hours trading, dropping to a low of $65.00 before stabilizing around $72. The initial sell-off stemmed from two main factors: a decrease in GAAP profit and investor disappointment over the company’s Q4 guidance, which, although indicating growth, failed to meet robust market expectations.

On September 23, LSCC had established a daily high of $76.61, but it has since struggled to maintain momentum above this critical resistance level. Market analysts note that if LSCC can break and hold above $76.61, the next significant resistance could occur at $84.69.

“The price action has shown impressive resilience, but it is crucial for bulls to conquer the $76.61 mark,” said Drew Dosek, a technical analyst. “Failure to hold could reverse the current bullish trend, with key support lying at $65.08 and further down at $61.52.”

LSCC’s performance reflects the broader market’s challenges due to ongoing economic uncertainties. Investors continue to analyze upcoming data and news for indications of future trends.