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Jun 29, 2024
Lattice Q2 2024 Earnings Report
Lattice Semiconductor's Q2 2024 results reflected the impact of cyclic industry headwinds, with signs of improvement emerging amidst inventory normalization.
Key Takeaways
Lattice Semiconductor reported Q2 2024 revenue of $124.1 million, a GAAP gross margin of 68.3%, and GAAP net income of $0.16 per diluted share. Non-GAAP gross margin was 69.0% with net income per diluted share of $0.23.
Second quarter results reflect the impact of cyclic industry headwinds.
The company is starting to see signs of improvement.
The company continues to execute on its ongoing product portfolio expansion.
Gross margin remained stable, highlighting the durability of our business model.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Revenue for the third quarter of 2024 is expected to be between $117 million and $137 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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