Lattice Semiconductor Corporation · NASDAQ:LSCC
Lattice Semiconductor — Q1 2018 Earnings Presentation
11 slides from Lattice Semiconductor's earnings presentation, Apr 26, 2018
Slide 1: Q1 2018 Earnings Call
Q1 2018 Earnings Call April 2018 LATTICE SEMICONDUCTOR Exhibit 99.2
Slide 2: Safe Harbor
[2] Safe Harbor This presentation contains forward-looking statements that involve estimates, assumptions, risks and uncertainties, including statements relating to our expectation that we will continue to successfully execute on the return-to-growth strategy we outlined at last fall’s investor day;
Slide 3: Lattice Focused on the Intelligent Edge
[3] Directing how things work together, and keeping them secure CONTROL Linking components and systems together, with or without wires CONNECT Making the “Things” of IoT smart & autonomous, decentralizing decisions with Artificial Intelligence COMPUTE Lattice Focused on the Intelligent Edge
Slide 4: Lattice Value Proposition
[4] Smallest SIZE Lowest POWER Lattice Value Proposition Compelling & Differentiated Solutions Fastest to MARKET Production PRICED
Slide 5: Lattice Solves "Control" Challenges
[5] Lattice Solves “Control” Challenges System complexity is growing steadily along with ever smaller physical dimensions and a continued drive for lower costs and higher security TEMPERATURE CONTROL POWER SEQUENCING SECURITY MOTOR CONTROL
Slide 6: Lattice Solves "Edge Connectivity" Challenges
[6] MULTIPLE STANDARDS MULTIPLE SENSORS WIRE-FREE EXPERIENCE Lattice Solves “Edge Connectivity” Challenges Proliferation of disparate sensors and displays drives need for low-power low-cost devices that can translate and bridge between them
Slide 7: Lattice Solves "Edge Computing" Challenges
[7] Lattice Solves “Edge Computing” Challenges Devices at the edge of the network must quickly and autonomously make decisions, as well as fit into compact spaces and minimize power use IMMEDIATE ACTION ENERGY EFFICIENCY ARTIFICIAL INTELLIGENCE
Slide 8: Q1 2018 Summary
[8] Q1 2018 Summary GAAP NON-GAAP Q1 2018 Q4 2017 Change Q1 2018 Q4 2017 Change Revenue $98.6M $95.3M $3.3M $98.6M $95.3M $3.3M Gross Margin % 57.3% 53.8% 3.5% 57.6% 54.0% 3.6% OpEx $57.3M $51.9M $5.4M $45.4M $44.1M $1.3M Net (Loss) Income $(6.0)M $(7.2)M $1.2M $6.1M $1.0M $5.1M EPS (diluted) $(0.05
Slide 9: Q1 2018 Financial Highlights
[9] 58.2 54.4 58.0 53.8 57.3 40 50 60 1Q17 2Q17 3Q17 4Q17 1Q18 104.6 94.1 92.0 95.3 98.6 $0 $30 $60 $90 $120 1Q17 2Q17 3Q17 4Q17 1Q18 Q1 2018 Financial Highlights Revenue ($M) Gross Margin (%) % Q1 2018 Revenue was $98.6 million Q1 revenue was up 3.5% sequentially and in-line with expectations.
Slide 10: Q2 2018 Financial Guidance
[10] Q2 2018 Financial Guidance Low Midpoint High Revenue $98M $100M $102M Gross margin % 54% 56% 58% GAAP Operating expenses $50.5M $51.5M $52.5M Non-GAAP Operating expenses $43M $44M $45M “Lattice continues to execute on our growth strategy. The fundamentals of our core FPGA business remain positi
Slide 11: Executing as Planned; Driving Growth
[11] 1. Stable Core Business with Control & Edge Connectivity applications 2. Future Growth Initiatives with Edge Computing 3. Improved Financial Results through resumed growth, OpEx control, and debt re-payment Executing as Planned; Driving Growth
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