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Lattice Semiconductor Reports First Quarter 2025 Results
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for
About this update from Lattice Semiconductor Corporation
[{"type":"text","content":" HILLSBORO, Ore.--(BUSINESS WIRE)--\nLattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal first quarter ended March 29, 2025.\n\nRevenue for the first quarter of 2025 was $120.1 million, with GAAP gross margin of 68.0%, and GAAP net income of $0.04 per diluted share. On a non-GAAP basis, gross margin was 69.0%, with net income per diluted share of $0.22. GAAP net income and GAAP net income margin for the first quarter of 2025 were $5.0 million and 4.2%, respectively, with adjusted EBITDA of $40.1 million, which is a 33.4% adjusted EBITDA margin for the first quarter of 2025. GAAP net cash flow from operating activities for the first quarter of 2025 was $31.9 million, which is a GAAP operating cash flow margin of 26.5%, and free cash flow and free cash flow margin of $23.3 million and 19.4%, respectively.\n\nFord Tamer, Chief Executive Officer, said, \"The first quarter of 2025 developed as expected, with sequential revenue growth, a record level of design wins, and a further expansion of our operating margins. Revenue and design win growth are being led by new applications, notably in generative AI in the datacenter, robotics in industrial, in-cabin and ADAS in automotive, AR/VR in consumer, security, including post-quantum cryptography, and far edge AI for lower power applications. While we are encouraged by our progress, we are monitoring the market environment, along with the broader industry, as it could have an impact on our outlook.\"\n\nLorenzo Flores, Chief Financial Officer, said, \"Revenue, gross margin, and improved profitability, including adjusted EBITDA at 33.4%, were all in line with our outlook for the first quarter of 2025. The prior realignment of our resources, coupled with our resilient supply chain and global customer base, position us well. We're maintaining disciplined control over operating expenses while continuing to focus on execution.\"\n\nSelected First Quarter 2025 Financial Results and Comparisons (in thousands, except per share data)\n\n\n\n \n\n\n\n \n\n\n\nGAAP Financial Results (unaudited)\n\n\n\n\n\n \n\n\n\n \n\n\n\nQ1 2025\n\n\n\n \n\n\n\n \n\n\n\nQ4 2024\n\n\n\n \n\n\n\n \n\n\n\nQ1 2024\n\n\n\n \n\n\n\n \n\n\n\nQ/Q\n\n\n\n \n\n\n\nY/Y\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$\n\n\n\n120,150\n\n\n\n \n\n\n\n \n\n\n\n...