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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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