Lattice Semiconductor upgraded to strong buy, fueled by 62% revenue surge

Zacks Research upgraded Lattice Semiconductor (LSCC) from hold to strong-buy on Wednesday. The rating change follows a second-quarter performance that significantly beat analyst expectations.

Lattice reported second-quarter earnings of $0.53 per share on August 4th. This result exceeded the consensus estimate of $0.44 per share.

Revenue for the quarter totaled $201.08 million. This figure marks a 62.2% increase year-over-year. The results outperformed previous market expectations.