Slide 1: Lattice Semiconductor Q1 2016 Earnings Call
Exhibit 99.2 LATTICE SEMICONDUCTOR Q1 2016 Earnings Call May 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 expectation for the planned second half ramp of wins at major consumer OEMs, that we are executing to 20% operating income, and stateme
Slide 3: Q1 2016 Summary
Q1 2016 Summary GAAP NON-GAAP Q1 2015 Q4 2015 Q1 2016 Q1 2015 Q4 2015 Q1 2016 Revenue 88.6 101.2 96.5 90.4 101.3 96.5 Gross Margin % 54.0% 53.5% 59.2% 57.8% 54.6% 60.0% OPEX 74.8 90.6 70.5 45.6 51.9 51.9 OP INC (loss) (26.9) (36.4) (13.4) 6.7 3.4 6.0 OP INC % (30.4%) (36.0%) (13.9%) 7.4% 3.4% 6.2% E
Slide 4: Wins at All Key Consumer Mobile OEMs
Wins at All Key Consumer Mobile OEMs Embracing Lattice’s FPGAs to Bring Leading Edge Innovations to Market DRONES VIRTUAL MINI CAMERAS REALITY PROJECTORS [4]
Slide 5: Recent Business Highlights
Recent Business Highlights World’s Most Power Efficient Expands Award-Winning Launched Multi-Gigabit 4K Video Solution Over USB MachXO3™ Product Family Baseband Processor for Type-C of FPGAs Wireless Fiber Applications HITLESS I/O SEC / SED 900 Mbps I/O Enables 4K UHD video-out of Multi-gigabit spee
Slide 6: Execution is Key
Execution is Key Lattice 2016 Strategic Plan GROW REVENUE 20% Achieve Revenue In our Markets Execute to 20% Synergies OPINC [6]
Slide 7: Q1 2016 Financial Highlights
Q1 2016 Financial Highlights Non-GAAP Revenue ($M) Q1 2016 Revenue was $96.5 million on a GAAP and non-GAAP basis. § Q1 revenue was inline with guidance. Revenue was impacted by weakness in mobile $120 and consumer, coupled with seasonal declines in licenses and services. This was $90 109.4 110.1 10
Slide 8: Q2 2016 Financial Guidance
Q2 2016 Financial Guidance Approx. Revenue $97M to $103M Approx. Gross Margin % (Non-GAAP) 57.0% +/– 2% Approx. OPEX* (Non-GAAP) $47.5 Million +/– 3% * Excluding acquisition or restructuring related charges [8]
Slide 9: Lattice Continues to Execute to Plan
Lattice Continues to Execute to Plan Summary No surprises in Q1: Hit plan despite soft consumer market Q1 Likely Low Point: Expect Q1 to represent low point in revenue followed by a healthy 2H16 uptick Increased Visibility: In execution mode with increased visibility into planned 2H16 ramp of wins a
Slide 10: Back Up
BACK UP a LATTICE
Slide 11: Where Lattice Wins and Grows
Where Lattice Wins and Grows Breadth and capabilities of our technology gives us access to a large range of end markets Communications Industrial Consumer § Mid-Range FPGA § Mid-Range FPGA § Ultra Low Density PLD § MHL / superMHL ASSP 60 GHz Devices § Low Density FPGA § Low Density FPGA § Low Densit
Slide 12: Lattice Smart Connectivity Solutions
Lattice Smart Connectivity Solutions A complete portfolio helps our customers get a better product to market faster ASSPs FPGAs mmWave Reduce Cost & Power Fast Time-to-Market Wireless Fiber Lowest cost per gate, Wireless connector SERDES connectivity 8K & 4K UHD Lowest cost per I/O, Bridges, switche