Lattice Semiconductor (LSCC) Tops Q3 EPS by 1c

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Lattice Semiconductor Reports Third Quarter 2023 Results

October 30, 2023 4:00 PM EDT

Quarterly revenue growth of 11% compared to Q3 2022 and 1% compared to Q2 2023 Gross Margin expands to 70.0% / 70.6% for Q3 2023 on a GAAP / Non-GAAP basis, compared to 68.8% / 69.5%, respectively, for Q3 2022 Net Income improves to $0.38 / $0.53 per diluted share for Q3 2023 on a GAAP / Non-GAAP basis, compared to $0.33 / $0.48, respectively, for Q3 2022

* GAAP represents U.S. Generally Accepted Accounting Principles. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. Additional information relating to these measures is included below in... More