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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%.
Lattice
Lattice
Lattice Revenue by Segment
Lattice Revenue by Geographic Location
Revenue by Segment
Communications and Computing Revenue
CapyFin.comIndustrial and Automotive Revenue
CapyFin.comConsumer Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.com 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
- Macroeconomic uncertainty affecting demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income