NASDAQ$LSCC

Lattice Semiconductor Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Lattice Semiconductor expanded operating profit driven by growth in communications and computing, and industrial and automotive markets.

Lattice Semiconductor reported improved financial performance in Q3 2020, with operating profit expansion and diluted EPS increasing 13% on a GAAP basis and 12% on a non-GAAP basis compared to the prior quarter. Gross margin also expanded sequentially and year-over-year.

  • Operating profit increased to 12.4% / 26.5% on a GAAP / Non-GAAP basis.
  • Gross margin expanded to 60.5% / 61.5% on a GAAP / Non-GAAP basis.
  • Net income improved to $0.09 / $0.19 Per Diluted Share on a GAAP / Non-GAAP basis.
  • Lattice launched Sentry™ Solutions Stack and the Lattice SupplyGuard™.

Headline financials

Total Revenue

$103M

Previous: $103M-0.4%
EPS (adj)

$0.19

Previous: $0.17+11.8%
GAAP Gross Margin

60.5%

No prior period
Capital Expenditures

-$9.78M

Previous: -$11.7M+16.6%
Free Cash Flow

$2.83M

Previous: $1.81M+56.1%
Net Income

$12.6M

Previous: $13.5M-6.9%
Operating Income

$12.8M

Previous: $16.7M-23.2%
Gross Profit

$62.3M

Previous: $61.4M+1.4%
Cash & Equivalents

$182M

Previous: $97.4M+87.1%
Total Assets

$682M

Previous: $593M+15.0%

Revenue & EPS history

Lattice · Revenue · Quarterly

$103M

Q3 2020-0.4%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Revenue for the fourth quarter of 2020 is expected to be between $99 million and $107 million. Gross margin percentage for the fourth quarter of 2020 is expected to be 61.0% plus or minus 1% on a non-GAAP basis. Total operating expenses for the fourth quarter of 2020 are expected to be between $36.5 million and $37.5 million on a non-GAAP basis.

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 Q3 2020

Historical avgQ3 2020

+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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