Record Growth in Communications and Computing
The Communications and Computing segment was up 12% sequentially, driven by both general-purpose and AI servers.
Gross Margin Stability
Gross margin held at 69%, demonstrating the stability of Lattice's business model despite broader market headwinds.
New Product Revenue Growth
Lattice's new product revenue continues to grow year-over-year, with the total number of design wins year-to-date exceeding those in the same period last year.
Strong Cash Flow and Share Buybacks
Operating cash flows more than doubled sequentially, and Lattice continued to return cash to shareholders through share buybacks.
Focus on AI Market
Lattice is focusing on Edge AI, experiencing strong traction in AI servers, laptops, industrial, and automotive applications.