Lattice
🇺🇸 NASDAQ:LSCC
•
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 Revenue
Lattice EPS
Lattice Revenue by Segment
Lattice 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
- Macroeconomic uncertainty affecting demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income