Lattice Semiconductor Corporation ( (LSCC) ) has released its Q4 earnings. Here is a breakdown of the information Lattice Semiconductor Corporation presented to its investors.
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Lattice Semiconductor Corporation, known for its leadership in low-power programmable solutions, operates within the semiconductor industry, focusing on providing innovative technology to enhance connectivity and security across various markets.
In its latest earnings report, Lattice Semiconductor highlighted its financial performance for the fourth quarter and full year of 2024, noting a revenue of $117.4 million for the quarter and $509.4 million for the year. The company faced a one-time charge related to its assembly and test operations, impacting its gross margin. Nevertheless, Lattice achieved a notable free cash flow margin and continued its strategic initiatives, including product advancements and expanding its R&D presence.
Key financial indicators reveal a drop in revenue year-over-year, with a decline of 31.2% in the fourth quarter and 30.9% for the full year compared to 2023. Despite these challenges, Lattice reported a GAAP net income of $61.1 million for the year and maintained strong cash flows. The company also emphasized its efforts in reducing operating expenses and expanding its product portfolio, including significant advancements in its Nexus and Avant product lines.
Looking ahead, Lattice’s management expressed confidence in the company’s strategic direction and product roadmap, citing improvements in market conditions and a stronger backlog. The company remains focused on its long-term financial model, resource alignment, and continued investment in technology innovation to drive future growth.
