Welcome to our dedicated page for Lattice Semiconductor news (Ticker: LSCC), a resource for investors and traders seeking the latest updates and insights on Lattice Semiconductor stock.
Lattice Semiconductor Corp (NASDAQ: LSCC) is a global leader in smart connectivity solutions, providing intellectual property and low-power, small form-factor devices that enable over 8,000 global customers to deliver innovative and differentiated products efficiently. Founded in 1983 and headquartered in Portland, Oregon, Lattice Semiconductor has a broad exposure across various markets, including consumer electronics, industrial equipment, communications infrastructure, and licensing.
The company's core business revolves around the development and distribution of semiconductor technology. They offer a range of products, solutions, and licenses through their core Lattice business segment, which includes silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales.
Notably, in March 2015, Lattice Semiconductor acquired Silicon Image, a leader in setting industry standards such as HDMI®, DVI™, MHL®, and WirelessHD®. This acquisition has bolstered Lattice's position in the market and added significant value to their portfolio.
Lattice's products are globally recognized, with the majority of sales derived from customers in Asia. The company's innovative solutions cater to a diverse range of applications, helping to drive advancements in consumer electronics, industrial automation, and communication technologies.
With a commitment to providing market-leading solutions, Lattice continues to focus on expanding its product offerings and enhancing its technology to meet the evolving needs of its customers. The company's strategic partnerships and recent projects reflect their dedication to innovation and excellence in the semiconductor industry.
Lattice Semiconductor (LSCC) has granted 323,255 restricted stock units (RSUs) and performance restricted stock units to two new executives on February 10, 2025. Lorenzo Flores, the new CFO, received 106,375 RSUs and 132,969 performance units, while Nicole Singer, the new Chief People Officer, received 27,702 RSUs and 86,209 performance units.
The performance-based units are tied to both total shareholder return (TSR) relative to Russell 3000 Index companies and year-over-year revenue growth. Revenue growth targets must exceed Gartner's Non-Memory Semiconductor Revenue Growth benchmark, with potential payouts ranging from 0% to 250% based on performance. TSR performance units can multiply up to 200% for extraordinary performance.
These inducement grants, approved under Nasdaq Rule 5635(c)(4), are part of Lattice's 2025 Inducement Equity Incentive Plan.
Lattice Semiconductor (NASDAQ: LSCC) has announced its participation plan for embedded world 2025 in Nuremberg, Germany. The company will showcase its latest FPGA technology through expert-led conference sessions and booth demonstrations focusing on Edge AI, connectivity, video, and security.
The exhibition will feature demonstrations of Lattice's programmable solutions for Automotive, Industrial, and Security applications at the Edge. The company's presence includes three conference sessions covering MIPI for Embedded Vision, Cellular IoT, and Smart Sensing Based on Edge AI. These sessions will discuss machine vision processing, green FPGA applications in 5G/6G radio units, and sensor hub technologies.
The event will take place from March 11-13, with Lattice's booth located in Hall 4, Booth #528 at the Exhibition Centre Nuremberg.
Lattice Semiconductor (LSCC) reported Q4 2024 financial results with revenue of $117.4 million and full-year 2024 revenue of $509.4 million, marking a 30.9% decline from 2023. Q4 GAAP gross margin was 61.1%, impacted by a $7.0 million one-time charge related to assembly and test operations.
The company achieved strong free cash flow margin of 33.8% in Q4 2024 and maintained a 31.8% adjusted EBITDA margin for the full year. Notable highlights include double-digit growth in new product revenue, record design wins, and an additional $100 million share repurchase authorization through December 2025.
For Q1 2025, Lattice expects revenue between $115-125 million, with non-GAAP gross margin around 69% (±1%) and non-GAAP net income between $0.20-0.24 per share. The company reports seeing signs of market improvement with stronger backlog and improved book-to-bill ratio.
Lattice Semiconductor (NASDAQ: LSCC) announced key changes to its executive leadership team. Lorenzo Flores has been appointed as Chief Financial Officer, Nicole Singer as Chief People Officer, and Erhaan Shaikh has been promoted to Senior Vice President of Worldwide Sales. Additionally, Tonya Stevens, who served as interim CFO since October 2024, has been promoted to Chief Accounting Officer.
These appointments come as Terese Kemble, Chief People Officer since 2019, and Mark Nelson, Senior Vice President of Worldwide Sales since 2019, announce their retirement. Both will remain with the company temporarily to support the transition. Shaikh, who has been with Lattice since 2020, was previously Corporate Vice President of Worldwide Channel Sales.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 2025 SEAL Sustainable Product Award for its Lattice Nexus™ 2 small FPGA platform. The platform was recognized for its exceptional power efficiency, performance, and compact form factor.
Chief Strategy and Marketing Officer Esam Elashmawi emphasized the company's dedication to delivering energy-efficient solutions that promote sustainable progress. The recognition marks the ninth SEAL Business Sustainability Award event, with SEAL Awards Chairperson Matt Harney noting that companies are increasingly focusing on detailed sustainability improvements across various aspects of their operations.
The award highlights Lattice's commitment to creating a sustainably connected future through innovation, with the Nexus 2 FPGA platform enabling customers to achieve both their design and sustainability objectives.
Lattice Semiconductor (LSCC) has announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for Monday, February 10, 2025, at 5 p.m. Eastern Time. CEO Ford Tamer and Interim CFO Tonya Stevens will present the company's financial performance and business outlook. Investors and interested parties can join via phone at 1-877-407-3982 or 1-201-493-6780 using conference ID 13751120, or through a live webcast available on the company's investor relations website.
Lattice Semiconductor (NASDAQ: LSCC) has received the 2025 BIG Innovation Award for its next-generation Lattice Nexus™ 2 FPGA platform. The platform was recognized for its exceptional power and performance efficiency, advanced connectivity, and security features.
The award highlights Lattice's commitment to delivering versatile FPGA solutions that help customers achieve their design goals and accelerate time to market. The recognition came through a global nomination process, where submissions were evaluated by business leaders and executives.
Chief Strategy and Marketing Officer Esam Elashmawi emphasized the company's focus on delivering technologies that excel in low power, fast performance, and small size. BIG Innovation Awards CEO Russ Fordyce acknowledged Lattice Semiconductor's role in driving technological advancements that positively impact the global community.
Lattice Semiconductor (NASDAQ: LSCC) announced significant expansions to its FPGA portfolio at the Lattice Developers Conference 2024. The company introduced the Lattice Nexus 2 platform for small FPGAs and the Certus-N2 FPGA family, built on 16 nm FinFET technology. The new platform offers up to 3X lower power consumption, 3.2X faster MIPI speed, and 5X smaller size compared to competitive devices.
The company also launched new mid-range options with Avant 30 and Avant 50 devices, alongside updates to their design software tools and application-specific solution stacks. Key features include advanced connectivity with 16G SERDES, PCIe Gen 4 support, and enhanced security with 256-bit AES-GCM and SHA3-512 compliance.
Lattice Semiconductor (Nasdaq: LSCC) has announced a new $100 million stock repurchase program authorized by its Board of Directors, extending through December 2025. The company has already demonstrated its commitment to shareholder value by repurchasing approximately 6 million shares since Q4 2020, reducing dilution by 4.3%.
The program, effective immediately, allows Lattice to purchase shares through open market and private transactions at management's discretion. The repurchase timing and volume will be influenced by market conditions, share price, and regulatory considerations, with transactions conducted in compliance with Rule 10b-18 of the Securities Exchange Act of 1934.
Lattice Semiconductor (NASDAQ: LSCC) has been awarded the 'Most Respected Public Semiconductor Company' title at the 2024 Global Semiconductor Alliance (GSA) Awards in the $500 Million to $1 Billion annual sales category. The award recognizes excellence in vision, innovation, execution, and future opportunity based on GSA member votes.
Ford Tamer, CEO of Lattice, expressed gratitude for the prestigious recognition, crediting the company's team, customers, and partners for this achievement. GSA CEO Jodi Shelton congratulated Lattice and highlighted the company's industry contributions. The GSA Awards are significant within the semiconductor industry, as GSA members represent 70% of the $550B+ semiconductor market.
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