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Jul 02, 2022
Lattice Q2 2022 Earnings Report
Lattice reported Q2 2022 results with revenue growth driven by strategic segments and continued gross margin expansion.
Key Takeaways
Lattice Semiconductor reported a 28% year-over-year revenue growth in Q2 2022. Net income increased by 104% on a GAAP basis and 68% on a non-GAAP basis. The growth was driven by communications and computing, and industrial and automotive segments. The company achieved a record operating profit of 29.0% on a GAAP basis and 38.1% on a non-GAAP basis.
Revenue increased 28% year-over-year.
Net income increased 104% year-over-year on a GAAP basis.
Operating profit reached a record 29.0% on a GAAP basis.
Gross margin expanded by 720 basis points on a GAAP basis compared to Q2 2021.
Forward Guidance
Revenue for the third quarter of 2022 is expected to be between $161 million and $171 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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