Semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) will be reporting results tomorrow afternoon. Here’s what to expect.

Lattice Semiconductor met analysts’ revenue expectations last quarter, reporting revenues of $127.1 million, down 33.9% year on year. It was a mixed quarter for the company, with adjusted operating income in line with analysts’ estimates but an increase in its inventory levels.

Is Lattice Semiconductor a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Lattice Semiconductor’s revenue to decline 31.4% year on year to $117.1 million, a further deceleration from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lattice Semiconductor has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Lattice Semiconductor’s peers in the processors and graphics chips segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Intel’s revenues decreased 7.4% year on year, beating analysts’ expectations by 3.3%, and Qorvo reported a revenue decline of 14.7%, topping estimates by 1.4%. Intel traded down 3.3% following the results while Qorvo’s stock price was unchanged.

Read our full analysis of Intel’s results here and Qorvo’s results here.

Investors in the processors and graphics chips segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Lattice Semiconductor is down 4.2% during the same time and is heading into earnings with an average analyst price target of $63.95 (compared to the current share price of $53.28).

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.