earnings
confidence high
sentiment negative
materiality 0.75
Lattice Q2 revenue $124.1M (-34.7% YoY); GAAP EPS $0.16, non-GAAP $0.23
LATTICE SEMICONDUCTOR CORP
2024-Q2 EPS reported
$0.27
revenue$264,891,000
- Revenue $124.1M, down 11.9% QoQ and 34.7% YoY; GAAP gross margin 68.3% (stable).
- GAAP net income $22.6M ($0.16 diluted EPS); non-GAAP net income $31.4M ($0.23 diluted EPS).
- Operating income GAAP $22.6M (-57.5% YoY); non-GAAP $31.5M (-58.5% YoY).
- Interim CEO cites cyclical industry headwinds and inventory normalization; sees improvement signs.
- CFO notes disciplined spending and share repurchases for 15th consecutive quarter.