What is Lattice Semiconductor's gross profit margin?

What factors drove the changes in Lattice Semiconductor's revenue and profit?

What is Lattice Semiconductor's latest dividend and current dividend yield?

What does Lattice Semiconductor do and what are its main business segments?

What is the market's earnings forecast for Lattice Semiconductor next quarter?

What guidance did Lattice Semiconductor's management provide for the next earnings period?

Did Lattice Semiconductor beat or miss consensus estimates last quarter?

What were the key takeaways from Lattice Semiconductor’s earnings call?

- **Revenue Acceleration**: Q4 2025 guidance of $138-148 million (+22% YoY) reflects strongest bookings in 6+ quarters. 
- **AI Growth Engine**: AI-related revenue to jump from high-teens (2025) to mid-20% (2026) of total. 
- **Segment Momentum**: 
  - Comms/compute up 21% YoY, targeting 60%+ of revenue in 2026 
  - Industrial/automotive recovery to mid-single digits post-inventory normalization 
- **Financial Strength**: 69.5% gross margin, $34M free cash flow, and no debt. 
- **Strategic Wins**: 
  - 80%+ server revenue from Nexus FPGAs 
  - China automotive up 85% YoY 
  - PQC adoption doubling with CNSA compliance

**【CEO Summary Section】**
- Q3 revenue of $133.3 million, up 7.6% sequentially and 4.9% year-over-year, with Q4 guidance of $138-148 million (22% YoY growth at midpoint). 
- Communications & Computing segment grew 21% YoY to $60.3 million, driven by AI-optimized servers and network infrastructure. 
- Industrial & Automotive segment up 6% sequentially, with China automotive and aerospace/defense leading recovery. 
- AI-related revenue expected to reach mid-20% of total in 2026, up from high-teens in 2025. 
- Nexus FPGA family now 80%+ of server revenue, with Avant platform targeting 2027 growth in industrial/automotive. 
- 2026 outlook reflects normalized channel inventory and accelerating data center CapEx. 

**【CFO Financial Commentary】**
- Non-GAAP gross margin 69.5%, up 50bps YoY, with operating margin 29% (150bps expansion). 
- Free cash flow $34 million (25.5% margin), up from $31 million in Q2. 
- Q4 guidance: 
  - Revenue $138-148 million 
  - Non-GAAP EPS $0.30-0.34 
  - Gross margin 69.5% ±1% 
  - OpEx $54.5-56.5 million 
- 2026 revenue growth driven by comms/compute (60%+ of revenue) and AI adoption. 

**【Q&A Highlights】**
- **2026 Growth Drivers**: 
  - Comms/compute to grow 20-40% YoY, outpacing hyperscaler CapEx 
  - Industrial/automotive recovery to mid-single digits 
  - AI content per server doubling+ 
- **Regional Strengths**: 
  - China automotive up 85% YoY 
  - North America data center CapEx up 60% YoY 
- **Product Pipeline**: 
  - 5-6 new Nexus SKUs in 2026 
  - Avant targeting 2027 industrial/automotive leadership 
  - PQC adoption accelerating with CNSA compliance requirements

Lattice Semiconductor Corporation (LSCC) Q3 2025 Earnings Call Transcript

- **Revenue Resilience**: Q2 flat YoY at $124M, with Comms & Compute up 26% YoY. Q3 guidance of $133M reflects 7.2% sequential growth. 
- **AI Companion Chip Momentum**: Server attach rates surge 85% YoY, with 70-130 FPGAs per hyperscale rack. 
- **Industrial Recovery**: Inventory normalization by year-end, with robotics and ADAS driving 2026 growth. 
- **Financial Strength**: Non-GAAP EPS of $0.24, free cash flow up 34% QoQ, and $71M in buybacks YTD.

**【CEO Summary Section】**
- **Q2 2025 Results**: Revenue of $124 million, up 3% sequentially and flat year-over-year. Non-GAAP gross margin of 69.3%, adjusted EBITDA of 34.1%. 
- **Market Outlook**: Comms & Compute segment grew 20% QoQ and 26% YoY, driven by server attach rates (85% YoY growth). Industrial & Automotive inventory normalization expected by year-end. 
- **Growth Drivers**: Companion chips for AI (e.g., robotics, ADAS), record design wins, and new product revenue (on track for 70% YoY growth in 2025). 
- **Q3 Guidance**: $133 million midpoint revenue (7.2% sequential growth), 69.5% gross margin, EPS of $0.28.

**【CFO Financial Commentary】**
- **Q2 Financials**: Non-GAAP EPS of $0.24, up from $0.22 in Q1. Free cash flow of $31.3 million, up 34% QoQ. Channel inventory declining, with Comms & Compute at normalized levels. 
- **Cash Allocation**: $46 million in stock buybacks (total $71 million YTD). 
- **Q3 Outlook**: Revenue $128-138 million, gross margin 69.5%, EPS $0.26-0.30.

**【Q&A Key Highlights】**
- **Comms & Compute Growth**: Server segment up 85% YoY, driven by hyperscale CapEx, attach rates, and ASP growth. 
- **Industrial Recovery**: POS increasing, with normalized inventory by end-2025. Robotics and humanoids key growth areas. 
- **Tariff Impact**: Minimal due to supply chain diversification (Japan, South Korea, Malaysia). 
- **New Products**: Avant to contribute significantly in 2026, with 2025 new product revenue exceeding 70% YoY growth.

Lattice Semiconductor Corporation (LSCC) Q2 2025 Earnings Call Transcript

- **Q1 Execution Strong**: Revenue $120.1M in line with guidance, 69% non-GAAP gross margin.
- **Segment Growth**: Comms & Computing up YoY, Industrial & Automotive +6% QoQ.
- **New Product Surge**: Double-digit new product revenue growth, targeting high teens 2025 share.
- **Tariff Caution**: 80% revenue outside U.S., but indirect impacts could affect H2.
- **Cash Flow & Buyback**: $23.3M free cash flow, $75M remaining under buyback program.
- **2025 Outlook**: U-shaped recovery, cautious on H2 but fundamentals remain positive.

**【CEO Summary Section】**
- Q1 2025 revenue of $120.1 million matched guidance, with non-GAAP gross margin of 69% reflecting business resilience.
- Communications & Computing segment saw first year-over-year growth in two years, while Industrial & Automotive grew 6% sequentially.
- Design win momentum at record levels, with new product revenue growing double-digit YoY and QoQ.
- Targeting high teens percentage of new product revenue for full year 2025, driven by Nexus and Avant FPGA families.
- U-shaped recovery expected, with cautious outlook for second half due to potential tariff impacts.

**【CFO Financial Commentary】**
- GAAP net income of $420 million, non-GAAP EPS of $0.22 in line with guidance.
- Non-GAAP operating expenses down 3% QoQ and 6% YoY, reflecting cost control.
- Free cash flow of $23.3 million, with $75 million remaining under buyback program.
- Q2 2025 guidance: revenue $118.5M-$128.5M, non-GAAP gross margin 69%±1%, EPS $0.22-$0.26.
- Channel inventory declining, but normalization may take longer than previously expected.

**【Q&A Key Themes】**
- **Tariff Impact**: 80% of revenue outside U.S., direct impact limited but indirect risks monitored.
- **New Product Growth**: ASP and unit growth driving double-digit new product revenue expansion.
- **Inventory Management**: Internal inventory down $8M QoQ, channel inventory reduction ongoing.
- **Market Trends**: Server AI CapEx strong, industrial PMI improving, automotive flat.
- **Competitive Position**: Differentiated low-power, small-form-factor FPGA architecture maintaining share in small/mid-range market.
- **Long-Term Outlook**: 70%+ gross margin target achievable via scaling and cost reduction.

Lattice Semiconductor (LSCC)-5 May 25-2025 Q1 Earnings call transcript

- **Q4 Results**: Revenue $117.4M (down 31% YoY), with computing segment growth offsetting industrial/communications declines.
- **Product Breakthroughs**: Avant/Nexus revenue up double digits YoY; PQC FPGA solutions winning Microsoft Caliptra designs.
- **2025 Outlook**: Low single-digit growth, targeting 15-20%+ from 2026 via new products and channel normalization.
- **Strategic Moves**: 14% workforce reduction, Pune R&D expansion, and leadership team additions.
- **Key Trends**: Industrial/automotive recovery, Avant content gains >50%, and PQC FPGA leadership.

**【CEO Summary Section】**
- Q4 2024 revenue: $117.4 million (down 31% YoY, -8% QoQ), driven by inventory normalization and macroeconomic softness.
- Computing segment grew YoY, while communications & industrial/automotive declined double digits.
- Key product momentum: Nexus 2 and Avant revenue grew double digits YoY, with Avant contributing mid-teens of total revenue in Q4.
- Book-to-bill ratio >1 for past few weeks, signaling improving demand.
- 2025 outlook: Low single-digit revenue growth, targeting 15-20% growth from 2026+ via new product ramps (Nexus 2, Avant) and channel inventory normalization.
- Strategic initiatives: Pune R&D center expansion, workforce transformation (14% reduction), and leadership team additions (CFO Lorenzo Flores, CPO Nicole Singer).

**【CFO Financial Commentary】**
- Q4 non-GAAP EPS: $0.15 (excluding $7M one-time charge) / $0.20 (adjusted).
- Full year 2024 non-GAAP EPS: $0.90 / $0.95 (adjusted).
- Gross margin: 62.1% (Q4) / 67.4% (FY24), with 68.1% ex one-time charge.
- Operating expenses: $52.8M (Q4) / $215.6M (FY24), down 5% YoY.
- Cash flow: $45.4M (Q4) / $103.4M inventory (flat QoQ).
- Share buybacks: $20M in Q4, $100M authorized for 2025.

**【Q&A Key Themes】**
1. **Market Recovery**: Industrial/automotive and communications showing sequential improvement; automotive ADAS and electrification driving growth.
2. **Avant/Nexus Momentum**: Avant content gains >50% per server generation; Nexus 2 boot time 10x faster than competitors.
3. **Post-Quantum Crypto (PQC)**: Lattice FPGA uniquely positioned for PQC with Microsoft Caliptra adoption; no competitors with solution.
4. **India Expansion**: Pune R&D center hiring 100+ engineers for low-power, edge AI innovation; supports global OEMs in India.
5. **2026 Growth Path**: Targeting 15-20% growth via new products (Nexus 2, Avant) and channel inventory normalization to 3-month target by mid-2025.

Lattice Semiconductor (LSCC)-10 Feb 25-2024 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-4 Nov 24-2024 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-29 Jul 24-2024 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-29 Apr 24-2024 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-12 Feb 24-2023 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-30 Oct 23-2023 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-31 Jul 23-2023 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-1 May 23-2023 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-13 Feb 23-2022 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-1 Nov 22-2022 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-2 Aug 22-2022 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-4 May 22-2022 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-16 Feb 22-2021 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-3 Nov 21-2021 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-4 Aug 21-2021 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-5 May 21-2021 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-17 Feb 21-2020 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-27 Oct 20-2020 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-28 Jul 20-2020 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-28 Apr 20-2020 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-11 Feb 20-2019 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-29 Oct 19-2019 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-30 Jul 19-2019 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-30 Apr 19-2019 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-12 Feb 19-2018 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-25 Oct 18-2018 Q3 Earnings call transcript

Lattice Semiconductor (LSCC)-26 Jul 18-2018 Q2 Earnings call transcript

Lattice Semiconductor (LSCC)-27 Apr 18-2018 Q1 Earnings call transcript

Lattice Semiconductor (LSCC)-13 Feb 18-2017 Q4 Earnings call transcript

Lattice Semiconductor (LSCC)-7 Nov 17-2017 Q3 Earnings call transcript

LSCC

LSCC fundamentals

Earnings Call

You can ask Aime