$LSCC (-0.45%)
🔹 EPS: $0.15 (Est. $0.19) 😐
🔹 Revenue: $117.4M (Est. $117.09M) 🟢
🔹 Gross Margin: 62.1% (DOWN -690 bps YoY)
Q1'25 Guidance:
🔹 EPS: $0.20-$0.24 (Est. $0.21) 🟢
🔹 Revenue: $115M-$125M (Est. $118.8M) 🟡
🔹 Gross Margin: 69.0% ±1% (Non-GAAP)
Segment Highlights:
🔸 New Product Growth: Double-digit revenue growth for Nexus and Avant product lines.
🔸 Design Wins: Record number of design wins across key markets.
🔸 R&D Site Expansion: Opened a state-of-the-art R&D facility in Pune, India.
Strategic Developments:
🔸 Repurchase Program: Extended by $100M through Dec 2025; over 6M shares repurchased since 2020, reducing dilution by 4.3%.
🔸 Product Portfolio Expansion: Launched new Lattice Avant™ and Nexus™ platforms, enhancing edge AI, embedded vision, and automotive applications.
🔸 Software Solutions: Introduced four new solution stacks: sensAI™, mVision™, Automate™, and Drive™, with expanded IP and performance enhancements.
Executive Commentary:
🔸 CEO Ford Tamer:
"We delivered a strong adjusted EBITDA margin of 31.8% for FY24, achieved record design wins, and reduced operating expenses. Despite a challenging market, we see improving backlog and book-to-bill ratios as positive signs for 2025."
