Lattice Semiconductor Corp. (LSCC) reported net income for the first quarter of $1.9 million or 0.02 per share, compared to a net loss of $7.7 million or $0.07 per share for the year-ago quarter.
The latest quarter results include tax expense of $0.7 million, amortization expense from acquired intangibles of $0.7 million and restructuring charges of $0.2 million, while the year-ago quarter results included a $7.9 million or $0.07 per share income tax expense, $1.7 million of acquisition related costs and $0.6 million of restructuring related charges.
Revenue for the first quarter declined to $71.2 million from $71.7 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.01 per share on revenue of $70.56 million for the first quarter.
Looking forward, the company said it expects second quarter to increase about 15% to 20% on a sequential basis. Gross margin for the second quarter is expected to be about 51% plus or minus 2%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.