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Dec 28, 2024
Lattice Q4 2024 Earnings Report
Key Takeaways
Lattice Semiconductor reported Q4 FY24 revenue of $117.4 million, a 31.2% decline YoY. GAAP EPS was $0.12, while non-GAAP EPS stood at $0.15. Net income declined sharply YoY, and the company faced a one-time charge of $7 million related to assembly and test operations. Free cash flow was $39.7 million, representing a margin of 33.8%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Lattice Semiconductor expects Q1 FY25 revenue between $115M and $125M, with non-GAAP gross margin of approximately 69%. Operating expenses are projected to be between $50M and $52M, and non-GAAP net income per share is expected to be between $0.20 and $0.24.
Positive Outlook
- Revenue guidance indicates potential stabilization
- Maintaining strong gross margin of ~69%
- Continued investment in product innovation
- Stronger backlog and improved book-to-bill ratio
- Ongoing cost management efforts reducing operating expenses
Challenges Ahead
- Decline in YoY revenue and net income
- Headwinds in industrial and automotive markets
- One-time charge impacting Q4 margins
- Increased R&D and SG&A expenses impacting profitability
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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