Q2 2025 Lattice Semiconductor Corp Earnings Call Transcript
Key Points
- Lattice Semiconductor Corp (LSCC) reported Q2 revenue of $124 million, a 3% increase over Q1, with strong non-GAAP gross margins of 69.3%.
- The company achieved a record level of design wins and expanded opportunities with partners, indicating strong market adoption of Lattice products.
- Communications and computing segments grew 20% sequentially and 26% year-over-year, driven by strong demand in data center infrastructure and AI-optimized servers.
- Lattice Semiconductor Corp (LSCC) is on track to normalize inventory levels by year-end, which is expected to drive growth in 2026.
- The company has a strong balance sheet, is debt-free, and repurchased $46 million of common stock, reflecting a commitment to returning capital to shareholders.
- Revenue for the industrial and automotive segment declined sequentially, as the company continues to adjust to true demand and normalize channel inventory.
- Automotive recovery is slower, and it remains a smaller portion of the segment, which could impact overall growth in the short term.
- The company is under-shipping true demand in industrial and automotive segments, which may affect short-term revenue growth.
- Lattice Semiconductor Corp (LSCC) faces macroeconomic and geopolitical uncertainties, including potential impacts from tariffs.
- Operating expenses increased slightly, and while the company is investing in growth opportunities, this could pressure margins if revenue growth does not accelerate as expected.
(audio progress)
Greetings and welcome to the Lattice Semiconductor's second quarter 2025 earnings call.
(Operator Instructions)
As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Rick Musche, Lattice Semiconductor's Vice President of Investor Relations. You may begin.
Thank you, operator, and good afternoon, everyone. With me today are Ford Tamer, Lattice's CEO; and Lorenzo Flores, Lattice's CFO. We'll provide a financial and business review of the second quarter of 2025 and the business outlook for the third quarter of 2025.
If you have not obtained a copy of our earnings press release, it can be found on our company website in the Investor Relations section at latticesemi.com.
I would like to remind everyone that during our conference call today, we may make projections or other forward-looking statements regarding future events
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
