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Sep 30, 2023
Lattice Q3 2023 Earnings Report
Lattice Semiconductor reported solid growth in Q3 2023, with revenue and net income increasing 11% year-over-year.
Key Takeaways
Lattice Semiconductor announced its Q3 2023 financial results, demonstrating solid growth with an 11% year-over-year increase in revenue and net income. The company achieved a GAAP operating profit of 29.6% and a non-GAAP operating profit of 40.3%.
Q3 2023 revenue and net income increased by 11% year-over-year.
GAAP operating profit reached 29.6%, and non-GAAP operating profit was 40.3%.
Gross margin expanded by 120 basis points on a GAAP basis and 110 basis points on a non-GAAP basis compared to Q3 2022.
Free cash flow increased to 40%.
Forward Guidance
Revenue for the fourth quarter of 2023 is expected to be between $166 million and $186 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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