Lattice Semiconductor reported its third-quarter earnings for 2024, revealing earnings per share (EPS) of 24 cents, which met analyst estimates. However, the company's revenue of $127.091 million fell short of expectations, significantly down from $192.169 million in the same quarter last year. Following the announcement, Lattice's stock price dropped by 6% in after-hours trading. The company anticipates continued industry challenges and has guided for a 14% decrease in revenues for 2025. Additionally, Lattice is planning to cut costs and reportedly reduce its workforce by 14%. Analysts noted that the company's EPS could decline by approximately 20% in the upcoming quarters, with the second and third quarters of 2024 being identified as a fundamental trough for the company. Despite these challenges, there are indications of sequential growth, as the semiconductor sector faces a slower recovery.