earnings
confidence high
sentiment negative
materiality 0.75
Lattice Q3 revenue $127M, down 34% YoY; GAAP EPS $0.05; 14% workforce cut
LATTICE SEMICONDUCTOR CORP
2024-Q3 EPS reported
$0.32
revenue$391,982,000
- Revenue $127.1M (-33.9% YoY); GAAP EPS $0.05, non-GAAP EPS $0.24.
- GAAP net income $7.2M vs $53.8M YoY; operating income down 86.8%.
- Non-GAAP gross margin 69.0%; free cash flow margin 31%.
- Announced 14% workforce reduction and $6.5M one-time restructuring charge.
- Expects operating expense reduction to drive low double-digit earnings expansion in 2025.