Lattice Semiconductor Corp · Q4 2019 earnings

Briefing

Lattice Semiconductor reported Q4 2019 earnings with revenue of $100.24 million and GAAP EPS of $0.10.

Lattice Semiconductor Corporation announced financial results for the fiscal fourth quarter and full year ended December 28, 2019. Q4 revenue was $100.24 million and GAAP EPS was $0.10, while non-GAAP EPS was $0.17. Gross margin expanded to 59.2% on a GAAP basis and 59.6% on a non-GAAP basis.

• Gross Margin Expands to 59.2% for 4Q 2019 on a GAAP Basis and 59.6% on a Non-GAAP Basis from 56.6% and 56.7%, respectively, for 4Q 2018
• Operating Margin Increases to 15.5% of revenue for 4Q 2019 on a GAAP Basis and 24.3% on a Non-GAAP Basis from (1.8)% and 17.3%, respectively, for 4Q 2018
• Net Income Improves to $0.10 / $0.17 Per Diluted Share for 4Q 2019 on a GAAP / Non-GAAP Basis, from ($0.05) / $0.08, respectively, for 4Q 2018
• The launch was ahead of schedule and serves as a testament to the execution of our product roadmap.

Headline financials

Revenue & EPS history

Revenue for the first quarter of 2020 is expected to be between $96 million and $104 million. Gross margin percentage for the first quarter of 2020 is expected to be 59.5% plus or minus 1% on a non-GAAP basis. Total operating expenses for the first quarter of 2020 are expected to be between $36 million and $37 million on a non-GAAP basis.