Lattice Semiconductor (Nasdaq: LSCC) reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Lattice Semiconductor met expectations on revenue and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
Lattice Semiconductor booked revenue of $71.7 million. The six analysts polled by S&P Capital IQ anticipated a top line of $72.3 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $82.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.03. The six earnings estimates compiled by S&P Capital IQ predicted $0.02 per share on the same basis. GAAP EPS were -$0.07 for Q1 compared to $0.09 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.1%, 490 basis points worse than the prior-year quarter. Operating margin was 3.4%, 1,150 basis points worse than the prior-year quarter. Net margin was -10.8%, 2,400 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $78.0 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $323.3 million. The average EPS estimate is $0.32.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 122 members out of 138 rating the stock outperform, and 16 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Lattice Semiconductor a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lattice Semiconductor is outperform, with an average price target of $8.42.

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