Slide 1: Lattice Semiconductor Q3 2015 Earnings Call
LATTICE SEMICONDUCTOR Q3 2015 Earnings Call Exhibit 99.2
Slide 2: Safe Harbor
Page: 2 Lattice Semiconductor Q3 Earnings Call - October 2015 SAFE HARBOR This presentation contains forward-looking statements that involve estimates, assumptions, risks and uncertainties, including statements relating to our ability to achieve synergies of at least $49 million within the first yea
Slide 3: Q3 Summary
Page: 3 Lattice Semiconductor Q3 Earnings Call - October 2015 Q3 SUMMARY Revenue of $109.7 million on a GAAP basis and $110.1 million on a non-GAAP basis Net loss of $24.9 million or $0.21 per basic and diluted share on a GAAP basis, compared to net loss of $5.2 million or $0.04 per basic and di
Slide 4: More Capabilities Equal More Opportunities to Grow
Page: 4 Lattice Semiconductor Q3 Earnings Call - October 2015 MORE CAPABILITIES EQUAL MORE OPPORTUNITIES TO GROW Lattice is focused on its strategic objectives and pursuing the highest ROI expansion opportunities in Consumer, Industrial and Communications markets Significantly expanded array of
Slide 5: Lattice Is Winning
Page: 5 Lattice Semiconductor Q3 Earnings Call - October 2015 LATTICE IS WINNING Executing on multiple fronts with a powerful solutions portfolio iCE: Finding homes in many consumer devices where only a tiny FGPA can execute the “always on” functionality while conserving power Next Generation
Slide 6: Q3 Financial Highlights
Page: 6 Lattice Semiconductor Q3 Earnings Call - October 2015 Q3 FINANCIAL HIGHLIGHTS Reducing Costs & Increasing Efficiencies Revenue was $109.7 million on a GAAP basis and $110.1 million on a non-GAAP basis Gross margin was 54.5% on a GAAP basis and 55.7% on a non-GAAP basis Includes $1.2M in ch
Slide 7: Q3 Financial Overview: Synergies Actioned
Page: 7 Lattice Semiconductor Q3 Earnings Call - October 2015 Q3 FINANCIAL OVERVIEW Synergies Actioned Operating synergies raised from $30 million to approximately $49 million on an annualized basis 0 5 10 15 20 25 30 35 40 45 50 Q2 2015 Q3 2015 Q4 2015 M illion s $ Additional reductions based on re
Slide 8: Additional Infrastructure Leveling
Page: 8 Lattice Semiconductor Q3 Earnings Call - October 2015 ADDITIONAL INFRASTRUCTURE LEVELING We continue to control the variables under our control as we drive to our 20% non-GAAP operating income target. We recently took action to reduce our headcount by approximately 13%. This action resulte
Slide 9: Q4 Financial Guidance
Page: 9 Lattice Semiconductor Q3 Earnings Call - October 2015 Q4 FINANCIAL GUIDANCE Revenue for the fourth quarter of 2015 is expected to be approximately flat to plus or minus 3% as compared to the third quarter of 2015. Gross margin percentage for is expected to be approximately 57% plus or minus
Slide 10: Why Lattice Semiconductor Wins
Page: 10 Lattice Semiconductor Q3 Earnings Call - October 2015 We have the right team, technology, plan, and financial strength to succeed! Proactively sized business Aggressively pursuing many diverse opportunities Clear competitive and technological advantages Ready with a leaner, meaner o