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Sep 26, 2020
Lattice Q3 2020 Earnings Report
Lattice Semiconductor expanded operating profit driven by growth in communications and computing, and industrial and automotive markets.
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„¢.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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