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Mar 30, 2024
Lattice Q1 2024 Earnings Report
Lattice Semiconductor reported first quarter 2024 results, impacted by cyclic industry headwinds but positioned for long-term growth.
Key Takeaways
Lattice Semiconductor's first quarter 2024 revenue was $140.8 million. GAAP gross margin was 68.3% and GAAP net income was $0.11 per diluted share. On a non-GAAP basis, gross margin was 69% with net income per diluted share of $0.29.
First quarter 2024 results came in as expected.
Results reflect the near-term impact of cyclic industry headwinds.
Company is well-positioned for the long-term due to product portfolio expansion.
Company executed fourteenth consecutive quarter of share repurchases.
Lattice
Lattice
Lattice Revenue by Segment
Lattice Revenue by Geographic Location
Revenue by Segment
Communications and Computing Revenue
CapyFin.comIndustrial and Automotive Revenue
CapyFin.comConsumer Revenue
CapyFin.comRevenue by Geographic Location
Asia Revenue
CapyFin.comAmericas Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Revenue for the second quarter of 2024 is expected to be between $120 million and $140 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income