Twenty-three percent of the company’s business was in the Americas, up from 15 percent one year ago, while 20 percent of its business was in Europe and Africa, up from 13 percent one year ago.īy segment, Lattice saw $66.3 million of its revenue come in from its communications and computing sales in Q1, up 3.4 percent from $64.1 million one year ago, while its industrial and automotive unit brought in $108.3 million, up 55.6 percent from $69.6 million one year ago. In Q1, 57 percent of Lattice’s business was in Asia, down from 72 percent one year ago. These are solid investments by Lattice that we believe will pay future rewards. Introducing new products does more than just give opportunities for more sales, though – it also generates new ideas and creativity for manufacturers that are shopping for the best components to integrate into their business and consumer products. Both new product lines, we believe, are smart moves to bolster the company’s future sales and performance.
In December 2022, the company launched its Lattice Avant FPGA products, which aim to double the vendor’s sales opportunities and give it products that can be used in markets where it does not have a major sales presence. Lattice’s market focus so far has been on the low- to mid-tier FPGA business segment, but it is starting to branch out to more powerful FPGAs with its recent Lattice MachXO5T-NX Advanced System Control FPGAs for IoT devices and factory automation tasks which require deeper levels of direct system controls. We believe it is hard not to be impressed since this company has been doing this consistently throughout the semiconductor downturn of the last year or so. Lattice is pulling out this performance because the FPGA market is hot, and Lattice is doing things right to drive its growth in a difficult semiconductor market. Q1 2023 non-GAAP gross margin by percentage of 70.3 percent, up from 67.7 percent one year ago.įor Lattice Semiconductor, we see this as a solid quarter overall, particularly because it occurred during the still challenging macroeconomic conditions that are affecting companies across the tech and consumer markets.Q1 2023 non-GAAP gross margin of $129.6 million, up 27.2 percent from $101.9 million one year ago.The EPS beat analyst consensus estimates of $0.50 per diluted share from. Q1 2023 non-GAAP earnings per diluted share (EPS) of $0.51 per share, up from $0.37 per share one year ago.Q1 2023 non-GAAP net income of $71.8 million, up 36.2 percent from $52.7 million one year ago.The Q1 revenue figure topped analyst consensus estimates of $180.01 million from. Q1 2023 revenue of $184.3 million, up 22.5 percent from $150.5 million one year ago.Here are Lattice Semiconductor’s fiscal Q1 2023 earnings results by the numbers: Lattice Semiconductor Q1 2023 Revenue Hits $184M, Up 22.5% YoYĪnalyst Take: Lattice Semiconductor’s revenue increase of 22.5 percent in Q1 marks another impressive quarter for the company, which saw particularly healthy growth in its industrial and automotive market segment.Īnd Lattice continues to be poised for more growth, we believe, due to the expansion of its innovative and useful Field-Programmable Gate Array (FPGA) product line that is gaining new models to serve more tasks for device makers, despite a still difficult macroeconomic environment around the world.
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Read the full Press Release from the Lattice Semiconductor investor web site. The News: Lattice Semiconductor’s revenue for the first quarter of 2023 reached $184.3 million, up a record 22.5 percent from $150.5 million one year ago, as the low-power programmable FPGA maker reported its latest earnings figures on May 1 for the period ending April 1, 2023.
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