Slide 1: Lattice Semiconductor Q2 2016 Earnings Call
Exhibit 99.2 LATTICE SEMICONDUCTOR Q2 2016 Earnings Call August 2016
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements that involve estimates, assumptions, risks and uncertainties, including statements relating to our expectations around our ramping Tier 1 consumer OEM wins, that we will further reduce OpEx in 3Q16 and 4Q16, and statements relating to
Slide 3: Q2 2016 Summary
Q2 2016 Summary In Milliions GAAP NON-GAAP Q2 2016 Q1 2016 Q2 2015 Q2 2016 Q1 2016 Q2 2015 Revenue 99.2 96.5 106.5 99.2 96.5 109.4 Gross Margin % 58.9% 59.2% 54.6% 59.1% 60.0% 56.9% OPEX 64.8 70.5 84.0 50.8 51.9 63.2 OP INC (loss) (6.4) (13.4) (25.9) 7.7 6.0 (0.9) OP INC (loss) % (6.4%) (13.8%) (24.
Slide 4: Recent Business Highlights
Recent Business Highlights Expands Video Interface Tier 1 Consumer OEMs World’s First Programmable Solutions for Industrial Wins Ramping ASSP (pASSP) CrossLink™ Market Advanced programmable logic solution that combines Introduced suite of 19 HDMI® Executing on plan set forth at flexibility and fast
Slide 5: Q2 2016 Financial Highlights
Q2 2016 Financial Highlights Non-GAAP Revenue ($M) Q2 2016 Revenue was $99.2 million § Q2 revenue was inline with guidance. Revenue reflects ramping Tier 1 consumer OEM $120 win and continued growth in FPGA revenue. Higher license and royalty revenue was $90 109.4 110.1 101.3 113 96.5 99.2 offset by
Slide 6: Q3 2016 Financial Guidance
Q3 2016 Financial Guidance In Thousands Low Midpoint High Revenue $110,000 $113,000 $116,000 GAAP & Non-GAAP Gross margin % 50% 52% 54% GAAP Operating expenses $56,700 $57,900 $59,100 Amortization of acquired intangible assets (8,200) (8,300) (8,400) Restructuring charges (500) (600) (700) Stock-bas
Slide 7: Execution, Revenue Momentum, Predictability
Execution, Revenue Momentum, Predictability Executing to Plan Set Forth at Start of 2016: Tier 1 Consumer OEM wins ramping and FPGA shipments of greater than 1 million units per day exiting 2Q16. OpEx Trending Lower: Expect double-digit reduction in spending in 3Q16. Increasing Revenue Momentum: Pro