Filing Flows › Lattice Semiconductor (LSCC) › Q1 2025
Lattice Semiconductor (LSCC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Lattice Semiconductor (LSCC) reported revenue of $120M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +2% from the quarter before. Operating margin was 5.8%, net earnings $5.0M (4.2% of revenue).
Lattice Semiconductor, Q1 2025: revenue $120M (-15% year over year), operating margin 5.8%, net earnings $5.0M, operating cash flow $31.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +2% | -15% |
| Gross profit | $81.7M | +14% | -15% |
| Operating profit | $7.0M | — | -58% |
| Net earnings | $5.0M | -70% | -66% |
| Operating cash flow | $31.9M | -30% | +8% |
| Free cash flow | $23.3M | -41% | -11% |
What changed
Revenue was $120.2M in Q1 2025, down 15% year over year and up 2% from the previous quarter.
Gross margin was 68.0%, down 0.3 points from a year earlier. Operating profit was $7.0M, a 5.8% margin (down 6.0 points year over year). Operating expenses fell 6% while revenue fell 15%. Net earnings were $5.0M, down 66% year over year. The effective tax rate was 37.1%.
Operating cash flow was $31.9M (up 8% year over year), 635% of net earnings. Non-cash charges added back $20.4M of share-based compensation. Working capital and other items added $6.5M. Capital expenditures of $8.6M left free cash flow of $23.3M.
Questions
What was Lattice Semiconductor's revenue in the first quarter 2025?
Lattice Semiconductor (LSCC) reported revenue of $120M for the first quarter 2025 (Q1 2025), -15% from a year earlier and +2% from the quarter before.
Was Lattice Semiconductor profitable in the first quarter 2025?
Operating profit was $7.0M (5.8% of revenue) and net earnings $5.0M.