Lattice Semiconductor Q4 Results Meet Revenue Estimates, Stock Jumps

Financial Performance

* Revenue: $117.4 million, in line with analyst projections ($117.1 million)
* Adjusted EPS: $0.15, below analyst consensus ($0.19)

Key Financials

* Revenue guidance for Q1 CY2025: $120 million, exceeding analyst estimates ($118.3 million)
* Adjusted EPS guidance for Q1 CY2025: $0.22,高于分析师预测（$0.21）
* Operating margin: -10.4%, down from 25.3% in Q4 CY2023
* Free cash flow margin: 33.8%, decreased from 40% in Q4 CY2023
* Inventory days outstanding: 206, reduced from 241 in Q3 CY2024
* Market capitalization: $7.35 billion

CEO Statement

"We achieved record design wins, significantly reduced operating expenses, and delivered a strong 31.8% adjusted EBITDA margin in 2024," said CEO Ford Tamer.

Industry Outlook

* 5G and Internet of Things (IoT)
* Autonomous driving
* High performance computing (HPC), particularly AI and machine learning

Company Overview

Lattice Semiconductor specializes in customer-programmable chips that enhance CPU performance for complex tasks like machine learning.

Growth and Revenue

* Annualized revenue growth: 4.7% over the past five years
* Year-on-year revenue decline: 12.2%
* Q4 CY2024 revenue: 31.2% decrease to $117.4 million
* Revenue guidance for Q1 CY2025: 14.8% decline (year-on-year)
* Analyst expectations for revenue growth: 2.6% in the next 12 months

Inventory Levels

* Inventory days outstanding (DIO): 206, 47 days above the five-year average

Key Takeaways

* Improved inventory management
* Revenue guidance exceeding estimates
* Lower-than-expected EPS
* Optimistic outlook from CEO
* Stock price increase of 8.7% after earnings release

For an in-depth analysis of Lattice Semiconductor's financial performance and investment potential, refer to our full research report.