Lattice Semi Posts Record Q2 Revenue, Guides to $1B Run Rate
LSCC has more than doubled off its 52-week low of $48.34.
Summary
Lattice Semiconductor delivered record Q2 revenue of $201.1M, up 62% YoY, and non-GAAP EPS of $0.53, more than doubling from a year ago, beating estimates on AI-related server demand. Both metrics exceeded the high end of guidance. The company guided Q3 revenue to $220M at the midpoint, representing 65% YoY growth in its FPGA business, and $255M including two months of contribution from the recently closed AMI acquisition. This trajectory puts Lattice on a $1B annual revenue run rate ahead of schedule. The AMI deal, funded by the $1.15B credit facility secured in June, is now complete, adding a secure management and control platform to Lattice's portfolio. Gross margins expanded to 71.7% non-GAAP, and free cash flow reached $81.3M, demonstrating strong operating leverage.
At the time of this announcement, LSCC was trading at $138.16 on NASDAQ in the Technology sector, with a market capitalization of approximately $18.9B. The 52-week trading range was $48.34 to $157.01. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.