Lattice Semiconductor reports record FY2023 revenue of $737M, up 12% YoY; Q4 sequential decline

LATTICE SEMICONDUCTOR CORP

2023-FY EPS reported $1.85 revenue$737,154,000

Q4 revenue $170.6M (-11.2% Q/Q, -3.0% Y/Y); GAAP net income $0.71/diluted share (incl. $0.41 tax benefit).
FY2023 GAAP revenue $737.2M (+11.6% YoY); GAAP gross margin 69.8% (+130 bps); non-GAAP gross margin 70.4% (+130 bps).
FY2023 non-GAAP operating margin record 39.8%; non-GAAP EPS $2.01, up 14.9% YoY.
Record FY2023 cash from operations, up 13% YoY; ended year with zero outstanding debt.
Q4 share repurchases ~900,000 shares, marking 13th consecutive quarter of buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LATTICE SEMICONDUCTOR CORP reported full year ended December 30, 2023 results: revenue $737.2 million, EPS $1.85 per diluted share.

Period: full year ended December 30, 2023
Revenue: $737.2 million
EPS: $1.85 per diluted share
Result: reported results

Exact text from the filing

Revenue for the full year 2023 was $737.2 million, with GAAP gross margin of 69.8% and GAAP net income of $1.85 per diluted share, including a GAAP-only income tax benefit of $0.41 per diluted share associated with a valuation release.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LATTICE SEMICONDUCTOR CORP reported fourth quarter ended December 30, 2023 results: revenue $170.6 million, EPS $0.71 per diluted share.

Period: fourth quarter ended December 30, 2023
Revenue: $170.6 million
EPS: $0.71 per diluted share
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2023 was $170.6 million, with GAAP gross margin of 69.7% and GAAP net income of $0.71 per diluted share, including a GAAP-only income tax benefit of $0.41 per diluted share associated with a valuation release.

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Source: SEC EDGAR

accession 0001437749-24-003754

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