Lattice Semiconductor Corp. (LSCC) updated its first-quarter guidance to reflect customer demand strength in the communications and consumer market segments. The company now expects first-quarter revenue to increase approximately 6% to 8% on a sequential basis. Lattice Semiconductor previously expected revenue to decline approximately 2% to 4% on a sequential basis.
The company said, due to the higher expected revenue contribution from the communications and consumer market segments, gross margin percentage is now expected to be at the lower end of prior guidance of approximately 54% plus or minus 2%.
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