Lattice Semi Q1 revenue $140.8M, down 23.6% YoY; GAAP EPS $0.11, non-GAAP $0.29

LATTICE SEMICONDUCTOR CORP

2024-Q1 EPS reported $0.11 revenue$140,815,000

Revenue $140.8M, -17.5% Q/Q and -23.6% Y/Y; GAAP gross margin 68.3%, down 150 bps YoY.
GAAP net income $14.8M ($0.11 diluted); non-GAAP net income $40.3M ($0.29 diluted).
GAAP operating income $16.6M, -72% YoY; operating expenses rose to 54.7% of revenue.
Non-GAAP gross margin 69.0%, down 130 bps YoY; operating expenses up 550 bps R&D, 820 bps SG&A as % of revenue.
CEO cites cyclical industry headwinds; company executed 14th consecutive quarter of share repurchases.

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 0.9

LATTICE SEMICONDUCTOR CORP reported financial results for the fiscal first quarter ended March 30, 2024.

Period: the fiscal first quarter ended March 30, 2024
Result: reported results

Exact text from the filing

On April 29, 2024, Lattice Semiconductor Corporation (the "Company") issued a press release announcing the Company's financial results for the first quarter ended March 30, 2024.

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LATTICE SEMICONDUCTOR CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-013682

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