Lattice Semiconductor Corporation
Lattice Semiconductor Reports Q1 2024 Financial Results
Summary
Lattice Semiconductor Corporation reported financial results for the first quarter of 2024, showing a decline in revenue to $140.8 million, a GAAP gross margin of 68.3%, and GAAP net income of $0.11 per diluted share. On a non-GAAP basis, gross margin was 69%, and net income per diluted share was $0.29. The company experienced a significant decrease in income from operations and net income compared to the previous quarter and year-ago figures, impacted by increased research and development and selling, general, and administrative expenses. The company also provided guidance for the second quarter of 2024, expecting revenue between $120 million and $140 million. Non-GAAP financial measures exclude certain charges and adjustments, providing a clearer view of operational performance.
Profitelligence Alerts
Get alerts for LSCC
Be first to know when Lattice Semiconductor Corporation files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Lattice Semiconductor Corporation
Lattice Semiconductor Corporation is a global leader in the design and development of low power, programmable logic devices. Specializing in Field-Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs), and their related software solutions, Lattice serves primarily the computing, communications, industrial, and automotive markets. These programmable logic devices are integral in enhancing the performance of electronic devices while maintaining energy efficiency, a key consideration for modern electronics engineering. Lattice’s products empower developers to create cutting-edge technologies by offering flexibility and customization in chip design. With a strategic focus on fostering innovation and collaboration across industries, Lattice Semiconductor plays a critical role in propelling technological advancement, supporting edge computing, 5G infrastructure, and industrial automation. Established in 1983 and headquartered in Hillsboro, Oregon, Lattice holds a significant position in the semiconductor industry, leveraging decades of expertise to meet the continually evolving demands of electronics design and application.
Official SEC Documents
Advertisement