Loading...
•
Jun 28
Lattice Q2 2025 Earnings Report
Lattice Semiconductor reported its second quarter 2025 financial results, showing broad-based growth across key financial metrics and record design wins.
Key Takeaways
Lattice Semiconductor delivered a strong second quarter in 2025, with revenue of $124.0 million, a GAAP gross margin of 68.4%, and GAAP net income of $2.9 million. The company also reported a non-GAAP diluted EPS of $0.24 and an adjusted EBITDA margin of 34.1%. Growth was seen across key financial metrics, with solid performance in communications and computing markets and anticipated recovery in industrial and automotive markets.
Revenue for Q2 2025 was $124.0 million, showing sequential growth.
GAAP net income was $2.9 million, with a diluted EPS of $0.02.
Non-GAAP diluted EPS reached $0.24, and adjusted EBITDA margin was 34.1%.
The company reported strong operating cash flow margin of 31.1% and free cash flow margin of 25.2%.
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
For the third quarter of 2025, Lattice Semiconductor expects revenue to be between $128 million and $138 million. Non-GAAP gross margin is projected to be 69.5% plus or minus 1%, and non-GAAP total operating expenses are expected to be between $52 million and $54 million. Non-GAAP net income is anticipated to be between $0.26 and $0.30 per share.
Positive Outlook
- Expected revenue growth to $128 million - $138 million.
- Anticipated increase in non-GAAP gross margin to 69.5% +/- 1%.
- Projected non-GAAP net income per share of $0.26 - $0.30.
- Non-GAAP income tax rate expected to be low, between 5% and 6%.
- Continued focus on disciplined investments in product roadmap and revenue generation.
Challenges Ahead
- Estimates are inherently uncertain due to global economic conditions and cyclical nature of the semiconductor industry.
- Pricing and inflationary pressures could impact actual results.
- Competitive actions may affect market share and profitability.
- International trade disputes and sanctions pose risks to suppliers and customers.
- Actual gross margin and operating expenses could vary due to changes in revenue levels, product mix, and manufacturing costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income