Lattice Q4 2019 Earnings Report
Key Takeaways
Lattice Semiconductor Corporation announced financial results for the fiscal fourth quarter and full year ended December 28, 2019. Q4 revenue was $100.24 million and GAAP EPS was $0.10, while non-GAAP EPS was $0.17. Gross margin expanded to 59.2% on a GAAP basis and 59.6% on a non-GAAP basis.
Gross Margin Expands to 59.2% for 4Q 2019 on a GAAP Basis and 59.6% on a Non-GAAP Basis from 56.6% and 56.7%, respectively, for 4Q 2018
Operating Margin Increases to 15.5% of revenue for 4Q 2019 on a GAAP Basis and 24.3% on a Non-GAAP Basis from (1.8)% and 17.3%, respectively, for 4Q 2018
Net Income Improves to $0.10 / $0.17 Per Diluted Share for 4Q 2019 on a GAAP / Non-GAAP Basis, from ($0.05) / $0.08, respectively, for 4Q 2018
The launch was ahead of schedule and serves as a testament to the execution of our product roadmap.
Lattice
Lattice
Lattice Revenue by Segment
Lattice Revenue by Geographic Location
Forward Guidance
Revenue for the first quarter of 2020 is expected to be between $96 million and $104 million. Gross margin percentage for the first quarter of 2020 is expected to be 59.5% plus or minus 1% on a non-GAAP basis. Total operating expenses for the first quarter of 2020 are expected to be between $36 million and $37 million on a non-GAAP basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income