secwatch.observer — SEC 8-K summary
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Issuer:     LATTICE SEMICONDUCTOR CORP (LSCC)
CIK:        0000855658
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001437749-24-013682
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/855658/000143774924013682/0001437749-24-013682-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/855658/000143774924013682/lscc20240229_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013682

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