Stock Story –

Semiconductor designer Lattice Semiconductor (NASDAQ:) is set to report earnings after the market closes tomorrow. Here’s what to watch for.

Lattice Semiconductor met analysts’ expectations for revenue last quarter, reporting $140.8 million in revenue, down 23.6% year over year. It was a weak quarter for the company, with disappointing revenue guidance for the next quarter and a decline in operating margin.

Is Lattice Semiconductor a buy or sell in earnings mode? Find out by reading the original article on StockStory, it’s free.

Analysts expect Lattice Semiconductor’s revenue to fall 31.5% year over year to $130.2 million this quarter, a reversal of the 17.8% increase it posted in the year-ago quarter. Adjusted earnings are expected to come in at $0.24 per share.

The majority of analysts covering the company have reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its earnings trajectory. Lattice Semiconductor has missed Wall Street revenue estimates just once over the past two years, beating top-line expectations by an average of 1.1%.

Looking at Lattice Semiconductor’s peers in the semiconductor segment, some have already reported their Q2 results, giving us a hint of what to expect. SMART’s revenue fell 12.7% year-over-year, meeting analyst expectations, and Micron Technology (NASDAQ: ) reported revenue growth of 81.5%, beating estimates by 2%. SMART rose 26.3% following the results, while Micron Technology fell 7.1%.

Read the full analysis of SMART and Micron Technology’s results on StockStory.

Inflation fears have put pressure on growth stocks, and while some semiconductor stocks have done somewhat better, they haven’t been spared, with shares down an average of 3.7% over the past month. Lattice Semiconductor is down 3.7% over the same period and is headed for a profit with an average analyst price target of $80 (compared to the current share price of $55.59).