Lattice Semiconductor reiterates 3Q guidance, sees ‘continued profitability’

Lattice Semiconductor reiterates 3Q guidance

HILLSBORO, Ore. — Lattice Semiconductor Corp., which makes programmable chips that are used in electronics, on Thursday backed its third-quarter guidance.

The company still expects revenue to be flat to up 5 percent over the second quarter, and that its gross profit margin will be 59 percent to 61 percent of revenue.

The company expects “continued profitability” in the third quarter, which ends Oct. 2.

Lattice’s chips are used by electronics manufacturers in consumer electronics, automobiles, medical and military devices, and the communications, computing and industrial markets.

The company, based in Hillsboro, did not offer more details in a brief press release released Thursday after the market closed.

Shares were unchanged in extended trading after falling 1.1 percent, or 5 cents, to $4.67 during the regular session.