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Dec 31, 2022
Lattice Q4 2022 Earnings Report
Lattice Semiconductor reported a strong Q4 2022 with revenue growth and record operating profit.
Key Takeaways
Lattice Semiconductor announced Q4 2022 financial results, achieving a 24% increase in revenue and a record operating profit of 30.7% on a GAAP basis. The company's strategic segments, including industrial and automotive, and communications and computing, contributed to the growth. Lattice launched the Avant™ platform in December, expanding its addressable market.
Revenue increased by 24% compared to Q4 2021, marking the eleventh consecutive quarter of sequential growth.
GAAP operating profit reached a record 30.7%, and non-GAAP operating profit reached 40.2%.
GAAP gross margin expanded by 520 basis points compared to Q4 2021.
The company repurchased 290,000 shares in Q4 2022 as part of its share repurchase program.
Forward Guidance
The company's financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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