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Components | September 16, 2011

Lattice Semiconductor updates 3Q/11 revenue guidance

Lattice Semiconductor updated its revenue guidance - flat to down 4% - for the third quarter ending October 1, 2011.

Third quarter revenue is now expected to be flat to down 4% on a sequential basis. This compares to prior guidance provided on July 21, 2011 that revenue was expected to be flat to up 5% on a sequential basis. The revised guidance reflects a recent softening of demand primarily in the communications business. Expectations for both gross margin percentage and total operating expenses are unchanged from prior guidance, at approximately 60% plus or minus 2% of revenue, and approximately USD 36.5 million, respectively.
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