NASDAQ$LSCC

Lattice Semiconductor Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Lattice Semiconductor reported a strong Q4 2022 with revenue growth and record operating profit.

Lattice Semiconductor announced Q4 2022 financial results, achieving a 24% increase in revenue and a record operating profit of 30.7% on a GAAP basis. The company's strategic segments, including industrial and automotive, and communications and computing, contributed to the growth. Lattice launched the Avant™ platform in December, expanding its addressable market.

  • Revenue increased by 24% compared to Q4 2021, marking the eleventh consecutive quarter of sequential growth.
  • GAAP operating profit reached a record 30.7%, and non-GAAP operating profit reached 40.2%.
  • GAAP gross margin expanded by 520 basis points compared to Q4 2021.
  • The company repurchased 290,000 shares in Q4 2022 as part of its share repurchase program.

Headline financials

Total Revenue

$176M

Previous: $142M+24.1%
EPS (adj)

$0.49

Previous: $0.32+53.1%
GAAP Gross Margin

69.4%

No prior period
Capital Expenditures

$10.3M

Previous: $2.34M+338.4%
Free Cash Flow

$71.7M

Previous: $20.4M+251.8%
Net Income

$51.9M

Previous: $16M+224.7%
Operating Income

$54M

Previous: $17.3M+211.7%
Gross Profit

$122M

Previous: $64.9M+88.3%
Cash & Equivalents

$146M

Previous: $182M-20.1%
Total Assets

$799M

Previous: $680M+17.4%
Stock-Based Comp

$14.3M

Previous: $10.1M+41.2%

Revenue & EPS history

Lattice · Revenue · Quarterly

$176M

Q4 2022+24.1%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company's financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release.

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 Q4 2022

Historical avgQ4 2022

+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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