earnings
confidence high
sentiment negative
materiality 0.80
Lattice Q4 revenue $117.4M (-31% YoY), GAAP EPS $0.12; appoints new CFO
LATTICE SEMICONDUCTOR CORP
2024-FY EPS reported
$0.44
revenue$509,401,000
- Q4 revenue $117.4M vs $170.6M YoY; GAAP net income $16.5M ($0.12) vs $98.7M ($0.71) in Q4 2023.
- Non-GAAP EPS $0.15; GAAP gross margin 61.1% down 860 bps YoY; FY revenue $509.4M (-30.9%).
- Board authorized additional $100M share repurchase through Dec 2025; repurchased ~6M shares since Q4 2020.
- Lorenzo Flores appointed CFO (eff. Feb 10); base $600K, sign-on $667K, ~$13.5M equity awards.
- Interim CFO Tonya Stevens becomes CAO; Erhaan Shaikh promoted to SVP Worldwide Sales.