Lattice Semiconductor (LSCC) stock slides on significant guidance miss

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Go back to Lattice Semiconductor (LSCC) stock slides on significant guidance miss

Lattice Semiconductor Reports Fourth Quarter and Full Year 2023 Results

February 12, 2024 4:00 PM EST

- Record Full Year 2023 Revenue of $737 Million, up 12% Year Over Year

HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, announced financial results today for the fiscal fourth quarter and full year ended December 30, 2023.

Revenue for the fourth quarter of 2023 was $170.6 million, with GAAP gross margin of 69.7% and GAAP net income of $0.71 per diluted share, including a GAAP-only income tax benefit of $0.41 per diluted share associated with a valuation release. On a non-GAAP basis, gross margin was 70.4% with net income per... More