Lattice Q3 2020 Earnings Report
Key Takeaways
Lattice Semiconductor reported improved financial performance in Q3 2020, with operating profit expansion and diluted EPS increasing 13% on a GAAP basis and 12% on a non-GAAP basis compared to the prior quarter. Gross margin also expanded sequentially and year-over-year.
Operating profit increased to 12.4% / 26.5% on a GAAP / Non-GAAP basis.
Gross margin expanded to 60.5% / 61.5% on a GAAP / Non-GAAP basis.
Net income improved to $0.09 / $0.19 Per Diluted Share on a GAAP / Non-GAAP basis.
Lattice launched Sentryâ„¢ Solutions Stack and the Lattice SupplyGuardâ„¢.
Lattice
Lattice
Forward Guidance
Revenue for the fourth quarter of 2020 is expected to be between $99 million and $107 million. Gross margin percentage for the fourth quarter of 2020 is expected to be 61.0% plus or minus 1% on a non-GAAP basis. Total operating expenses for the fourth quarter of 2020 are expected to be between $36.5 million and $37.5 million on a non-GAAP basis.