Lattice Semiconductor Reports First Quarter 2024 Results
Lattice Semiconductor Corporation (LSCC)
Last lattice semiconductor corporation earnings: 4/28 04:00 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
HILLSBORO, Ore.--(BUSINESS WIRE)--Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal first quarter ended March 30, 2024.Revenue for the first quarter of 2024 was $140.8 million, with GAAP gross margin of 68.3% and GAAP net income of $0.11 per diluted share. On a non-GAAP basis, gross margin was 69% with net income per diluted share of $0.29.Jim Anderson, president and CEO, said, "First quarter 2024 results came in as expected and reflect the near-term impact of cyclic industry headwinds. Despite near-term headwinds, the Company is well-positioned for the long-term as we execute on the largest product portfolio expansion in our history."Sherri Luther, CFO, said, "We remain disciplined in our spending, while continuing to invest for long-term growth. In addition, we continued to return capital to shareholders by executing on our fourteenth consecutive quarter of share repurchases."Selected First Quart
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LSCC
Earnings
- 4/29/24 - Beat
LSCC
Sec Filings
- 5/13/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- LSCC's page on the SEC website