Lattice Semiconductor Corporation ( (LSCC) ) has released its Q1 earnings. Here is a breakdown of the information Lattice Semiconductor Corporation presented to its investors.
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Lattice Semiconductor Corporation, a leader in low power programmable solutions, serves diverse markets including communications, computing, industrial, automotive, and consumer sectors, providing innovative technology solutions from the Edge to the Cloud.
In the first quarter of 2025, Lattice Semiconductor reported a revenue of $120.1 million, with a GAAP gross margin of 68.0% and a non-GAAP gross margin of 69.0%. The company achieved a GAAP net income of $5.0 million, translating to $0.04 per diluted share, while non-GAAP net income was $0.22 per diluted share.
Key financial highlights include a 2.3% sequential revenue growth, a record level of design wins, and an expansion in operating margins. The company’s adjusted EBITDA margin stood at 33.4%, and it generated a free cash flow of $23.3 million. Strategic growth areas such as generative AI, robotics, and automotive applications contributed significantly to the revenue and design win growth.
Looking ahead, Lattice Semiconductor anticipates second-quarter revenue to range between $118.5 million and $128.5 million, with a non-GAAP gross margin of approximately 69%. The company remains focused on maintaining disciplined control over operating expenses while navigating the broader market environment.