Lattice Q3 2022 Earnings Report
Key Takeaways
Lattice Semiconductor announced financial results for Q3 2022, with a 31% year-over-year revenue growth and a 73% year-over-year increase in net income on a GAAP basis. Topline growth was driven by industrial and automotive, as well as communications and computing segments. The company achieved an operating profit of 28.3% on a GAAP basis and a record 39.7% on a non-GAAP basis.
Delivered 31% year-over-year revenue growth in Q3 2022.
Achieved 73% year-over-year increase in net income on a GAAP basis and 68% on a non-GAAP basis.
Gross margin expansion of 600 basis points on a GAAP basis compared to Q3 2021.
Introduced CertusPro-NX FPGAs optimized for Automotive applications.
Lattice
Lattice
Forward Guidance
Revenue for the fourth quarter of 2022 is expected to be between $170 million and $180 million.