secwatch.observer — SEC 8-K summary
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Issuer:     LATTICE SEMICONDUCTOR CORP (LSCC)
CIK:        0000855658
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001437749-24-033132
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lattice Q3 revenue $127M, down 34% YoY; GAAP EPS $0.05; 14% workforce cut
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/855658/000143774924033132/0001437749-24-033132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/855658/000143774924033132/lscc20240730_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer