Earnings ·
Lattice Semiconductor reports Q3 revenue of $291M, up 118% year-over-year
LSCCLattice Semiconductor Corp
Lattice Semiconductor reported fiscal third-quarter revenue of $291.0 million, an 118.3% increase from the prior year period, driven by strong demand in compute and communications sectors. GAAP net income was $11.2 million, or $0.08 per diluted share, while non-GAAP net income reached $103.7 million, or $0.72 per diluted share. The company expects fourth-quarter revenue to be between $325 million and $345 million. Lattice Semiconductor is a low-power programmable logic and platform firmware leader.