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Dec 30, 2023
Lattice Q4 2023 Earnings Report
Lattice reported Q4 2023 earnings, achieving revenue of $170.6 million and EPS of $0.71.
Key Takeaways
Lattice Semiconductor reported fourth quarter and full year 2023 results. The company achieved record full year 2023 revenue of $737 million, up 12% year over year. Q4 revenue was $170.6 million, with GAAP gross margin of 69.7% and GAAP net income of $0.71 per diluted share. On a non-GAAP basis, gross margin was 70.4% with net income per diluted share of $0.45.
Achieved double-digit annual revenue growth in 2023.
Record gross margin and continued profit expansion were achieved.
Operating margin of 28.8% on a GAAP basis and a record 39.8% on a non-GAAP basis for the full year 2023 was achieved.
Generated a record level of cash flow from operations in 2023, representing a 13% increase compared to the prior year.
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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