Lattice Semiconductor Q1 Crushes Estimates

Lattice Semiconductors Q1 results soar, with revenue surging 42% YoY to $170.9M, beating estimates by $5.1M. Adjusted EPS of $0.41 topped forecasts by $0.04, while EBITDA reached $67.75M. Q2 guidance is even stronger, with revenue projected at $185M midpoint, EPS at $0.44, and operating margins at 15.3%. Inventory days dropped to 151 from 177. CEO Ford Tamer attributed growth to higher attach rates for low-power FPGAs, with FPGA use per server climbing and new rack designs opening new opportunities. Investors reacted positively, boosting market cap to $17.43B. Key watch points include integrating AMI acquisition, managing FPGA demand in AI and industrial sectors, and maintaining operating leverage amid supply chain challenges. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cca172816242851e