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. Read the full Press Release from the Lattice Semiconductor investor web site. The LEC2 uses an extensive and structured training program covering the entire development process – from initial application concept to physical implementation. The structured training program is offered in different formats (on-line, in-person, and pre-recorded webinars) that engineers can choose from based on their specific needs.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. The LEC2 will help customers and partners train their engineers and technicians to be experts in the use of Lattice FPGAs and solutions stacks to address their design challenges. We look forward to seeing this partnership facilitate more innovative application designs based on Lattice FPGAs and solutions stacks so OEMs can add cutting-edge technologies like Edge AI and smart vision to new and existing product designs.” Lattice technologies are enabling FPGA-based solutions that were previously not possible.”Įsam Elashmawi, Chief Strategy and Marketing Officer at Lattice, said, “Eugen Krassin and his team bring decades of combined FPGA expertise to the LEC2. “The Lattice Nexus platform is a completely redesigned FPGA fabric based on a 28nm FD-SOI process technology that delivers previously unavailable levels of low-power performance, reliability, and ease-of-use to the FPGA ecosystem. “We are excited to work with the company who has modernized the low-power FPGA,” said Krassin.
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