Lattice Semiconductor Corp. will report its quarterly earnings on August 1. Rosenblatt expects 2Q22 sales to align with its consensus estimates and non-GAAP EPS above its consensus estimates.
The analyst saw 2Q22 influenced by continued ramps of new platforms within the Nexus platform as growth in Communications & Computing, Industrial & Auto, and Consumer continues.
Key points to look for during the earnings call include updates on supply chain shortages, inventory dynamics in the channel, consumer trends, and the Avant mid-sized FPGA ramp in 2H22.
For the 3Q22 guide, it saw the company guiding in line with its estimates, slightly below consensus estimates due to COVID-19-related shutdowns in China and some incremental weakness in the consumer part of the company’s business. It saw the issues already priced in and limited impact to next year’s estimates….