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Sep 28, 2024
Lattice Q3 2024 Earnings Report
Lattice Semiconductor's Q3 2024 financial results were announced, revealing revenue of $127.1 million and GAAP net income of $0.05 per diluted share.
Key Takeaways
Lattice Semiconductor reported Q3 2024 revenue of $127.1 million. The company's GAAP gross margin was 69.0%, with a GAAP net income of $0.05 per diluted share. A one-time GAAP-only charge of $6.5 million was included due to spending reductions, which are expected to result in a 14% workforce reduction and a 14% reduction in non-headcount operating expenses.
Q3 2024 revenue reached $127.1 million.
GAAP gross margin was reported at 69.0%.
GAAP net income was $0.05 per diluted share.
Free cash flow margin more than doubled sequentially to 31%.
Lattice
Lattice
Forward Guidance
The company expects revenue for the fourth quarter of 2024 to be between $112 million and $122 million.