Loading...
•
Apr 01, 2023
Lattice Q1 2023 Earnings Report
Lattice Semiconductor experienced strong growth and customer momentum, achieving a 22% year-over-year increase in revenue.
Key Takeaways
Lattice Semiconductor reported a strong first quarter in 2023, with a 22% year-over-year increase in revenue and significant growth in net income. The company achieved record operating profit and expanded gross margin, marking the twelfth consecutive quarter of sequential growth.
Revenue increased by 22% year-over-year.
GAAP net income grew by 55% year-over-year.
Non-GAAP net income increased by 36% year-over-year.
Sequential revenue growth of 5% compared to Q4 2022.
Lattice
Lattice
Forward Guidance
Revenue for the second quarter of 2023 is expected to be between $183 million and $193 million.