Published on 29 Apr 2024 on GuruFocus.com via Yahoo Finance
Lattice Semiconductor Corp (LSCC) Q1 2024 Earnings: Aligns with EPS Projections Amid Industry ...
Revenue: Reported at $140.8 million for Q1 2024, slightly above the estimated $140.14 million.Net Income: GAAP net income stood at $14.8 million, significantly below the estimated $39.43 million.Earnings Per Share (EPS): GAAP EPS was $0.11, falling short of the estimated $0.28; non-GAAP EPS was $0.29, slightly surpassing the estimate.Gross Margin: GAAP gross margin was 68.3%, with non-GAAP gross margin slightly higher at 69%.Year-over-Year Comparisons: Revenue decreased by 23.6% from Q1 2023, and GAAP net income dropped by 73.5%.Quarterly Expense Trends: Research and Development expenses as a percentage of revenue increased significantly year-over-year, from 19.5% to 28.8%.Future Outlook: Expects Q2 2024 revenue to be between $120 million and $140 million with a non-GAAP gross margin around 69%.
Warning! GuruFocus has detected 2 Warning Sign with EG.