Results from two separate norming studies of lexical access in Italian were merged, permitting a comparison of word-reading and picture-naming latencies and the factors that predict each one for an overlapping subsample of 128 common nouns. Factor analysis of shared lexical predictors yielded four latent variables: a frequency factor, a semantic factor, a length factor, and a final factor dominated by frication on the initial phoneme. Age of acquisition (AoA) loaded highly on the first two factors, suggesting that it can be split into separate sources of variance. Regression analyses using factor scores as predictors showed that word reading and picture naming are both influenced by the frequency/AoA factor. The semantics/AoA factor influenced only picture naming, whereas the length and frication factors influenced only word reading. Generalizability of these results to other languages is discussed, including potential effects of cross-language differences in orthographic transparency.