NASDAQ$LSCC

Lattice Semiconductor Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Lattice Semiconductor reported a revenue increase of 19% year-over-year and a 52% expansion in non-GAAP net income year-over-year.

Lattice Semiconductor reported strong Q1 2021 results, with a 19% increase in revenue year-over-year and a 52% expansion in non-GAAP net income year-over-year. The company also saw record operating profit and gross margin expansion.

  • Revenue grew 19% year-over-year.
  • Non-GAAP net income expanded 52% year-over-year.
  • Nexus platform revenue increased sequentially.
  • Began production of second Nexus device, Certus-NX.

Headline financials

Total Revenue

$116M

Previous: $97.3M+18.9%
EPS (adj)

$0.22

Previous: $0.15+46.7%
GAAP Gross Margin

0.0%

Previous: 59.1%-100.0%
Capital Expenditures

-$1.27M

Previous: -$3.87M+67.2%
Free Cash Flow

$17.5M

Previous: $4.3M+308.0%
Net Income

$18.8M

Previous: $8.17M+130.4%
Operating Income

$20.6M

Previous: $9.74M+112.0%
Gross Profit

$70.6M

Previous: $57.6M+22.6%
Cash & Equivalents

$185M

Previous: $177M+4.9%
Total Assets

$688M

Previous: $664M+3.5%

Revenue & EPS history

Lattice · Revenue · Quarterly

$116M

Q1 2021+18.9%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Revenue for the second quarter of 2021 is expected to be between $116 million and $124 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+4.5%

Avg return

30 days after

56%

35 / 63 earnings

Positive

+33.3%

Q4 2018

Best reaction

-20.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%+1.3%+20.9%
Q4 2025+16.3%+7.3%-5.7%
Q3 2025-13.1%-12.8%+4.1%
Q1 2025-10.3%-5.4%-10.5%
Q4 2024+7.7%+18.3%+6.4%
Q3 2024-2.1%+4.3%+13.6%
Q2 2024-9.6%-18.1%-15.9%
Q1 2024-7.1%-4.0%+3.2%
Q4 2023+3.7%+5.0%+11.8%
Q3 2023-20.7%-17.8%-15.8%
Q2 2023+2.2%+1.9%+4.3%
Q1 2023+5.0%+5.8%+2.0%
Q4 2022+10.1%+7.5%+10.3%
Q3 2022+2.8%+2.5%+42.4%
Q2 2022+3.4%+4.9%-12.4%
Q1 2022+7.0%-3.6%+9.4%
Q4 2021+16.8%+9.3%+8.3%
Q3 2021+7.6%+13.6%+4.5%
Q2 2021+1.6%+7.8%+10.0%
Q1 2021-1.1%+3.0%+3.9%
Q3 2020-2.1%+2.8%+20.9%
Q2 2020-4.6%-1.7%-8.8%
Q1 2020+14.2%+6.5%+25.4%
Q4 2019+11.6%+9.3%-17.8%
Q3 2019+2.7%+4.2%-0.1%
Q2 2019+18.1%+16.1%+21.4%
Q1 2019+6.3%+16.5%-2.7%
Q4 2018+33.3%+39.4%+60.9%
Q3 2018-12.8%-18.3%-21.4%
Q2 2018+12.0%+12.3%+11.1%
Q1 2018+7.1%+4.0%+5.2%
Q4 2017-9.3%-8.3%+4.2%
Q3 2017+8.1%+9.0%-4.2%
Q2 2017-4.6%-10.0%-15.5%
Q1 2017+3.9%+3.9%+4.7%
Q4 2016-1.4%-1.0%+1.3%
Q3 2016+0.0%-0.4%-11.1%
Q2 2016-7.0%-6.0%+1.0%
Q1 2016+6.8%
Q4 2015+13.9%
Q3 2015+2.0%
Q2 2015-1.6%
Q1 2015+1.8%
Q4 2014-7.5%
Q3 2014+0.5%
Q2 2014-4.7%
Q1 2014+7.6%
Q4 2013+22.0%
Q3 2013+19.2%
Q2 2013+0.0%
Q1 2013-0.8%
Q4 2012+7.7%
Q3 2012+3.9%
Q2 2012-6.2%
Q1 2012-11.8%
Q4 2010+0.6%
Q4 2011+0.6%
Q3 2011+0.5%
Q2 2011-11.2%
Q1 2011-11.2%
Q3 2010-2.4%
Q2 2010-4.5%
Q1 2010-4.2%

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