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Mar 29, 2025
Lattice Q1 2025 Earnings Report
Lattice posted sequential revenue growth with margin improvements, supported by strong demand in AI, automotive, and security applications.
Key Takeaways
Lattice Semiconductor delivered a solid Q1 2025 performance, growing revenue to $120.1 million and improving adjusted EBITDA margin to 33.4%. The company reported a GAAP net income of $5.0 million and generated $23.3 million in free cash flow.
Revenue rose to $120.1 million, up from Q4 2024.
Non-GAAP EPS reached $0.22, significantly higher than GAAP EPS of $0.04.
Adjusted EBITDA margin expanded to 33.4%.
Momentum driven by design wins in AI, automotive, and security markets.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Lattice projects Q2 2025 revenue between $118.5M and $128.5M with stable margins and profitability.
Positive Outlook
- Revenue guidance of $118.5M–$128.5M indicates stable outlook.
- Non-GAAP gross margin expected around 69% ±1%.
- Non-GAAP EPS forecasted between $0.22 and $0.26.
- Total operating expenses expected to stay within $50.5M–$52.5M.
- Non-GAAP income tax rate projected between 5% and 6%.
Challenges Ahead
- Market and industry conditions could impact future performance.
- Inventory days rose YoY, potentially signaling excess supply.
- Free cash flow margin dropped from prior quarter.
- Net income margin declined significantly YoY.
- Continued macroeconomic uncertainty may affect demand.
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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