Lattice Semiconductor beats estimates on strong FPGA demand

Lattice Semiconductor Corporation reported strong third quarter results that surpassed analyst expectations, driven by robust demand for its FPGA products in data center and communications applications. The company's adjusted earnings per share of $0.72 exceeded the estimated $0.55 by $0.17, while revenue reached $291.0 million, marking a 118% year-over-year growth from $133.3 million in the previous quarter.

The impressive growth was primarily attributed to FPGA revenue, which surged approximately 90% year-over-year, fueled by increased demand in data center AI and industrial applications. Lattice Semiconductor's CEO, Ford Tamer, expressed confidence in the company's outlook for the fourth quarter, projecting revenue between $325 million and $345 million, with an expected adjusted EPS between $0.82 and $0.86.

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