LATTICE SEMICONDUCTOR CORP
For the period ended Sep 28, 2024. Filed Nov 4, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2024 · Filed Nov 4, 2024
LSCC$113.89+8.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 28, | September 30, | September 28, | September 30, | |
| (In thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $127,091 | $192,169 | $391,982 | $566,558 |
| Cost of revenue | 39,403 | 57,608 | 123,335 | 170,835 |
| Gross margin | 87,688 | 134,561 | 268,647 | 395,723 |
| Operating expenses: | ||||
| Research and development | 41,398 | 42,048 | 120,722 | 119,983 |
| Selling, general, and administrative | 30,994 | 33,217 | 87,468 | 102,583 |
| Amortization of acquired intangible assets | 870 | 870 | 2,609 | 2,609 |
| Restructuring | 6,899 | 1,509 | 11,182 | 1,427 |
| Total operating expenses | 80,161 | 77,644 | 221,981 | 226,602 |
| Income from operations | 7,527 | 56,917 | 46,666 | 169,121 |
| Interest income (expense), net | 936 | 954 | 3,176 | 588 |
| Other income (expense), net | (249) | 14 | (41) | (257) |
| Income before income taxes | 8,214 | 57,885 | 49,801 | 169,452 |
| Income tax expense | 1,024 | 4,097 | 5,184 | 9,097 |
| Net income | $7,190 | $53,788 | $44,617 | $160,355 |
| Net income per share: | ||||
| Basic | $0.05 | $0.39 | $0.32 | $1.16 |
| Diluted | $0.05 | $0.38 | $0.32 | $1.15 |
| Shares used in per share calculations: | ||||
| Basic | 137,709 | 137,948 | 137,577 | 137,697 |
| Diluted | 137,894 | 139,828 | 138,274 | 139,927 |
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 28, | September 30, | September 28, | September 30, | |
| (In thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income | $7,190 | $53,788 | $44,617 | $160,355 |
| Other comprehensive income (loss): | ||||
| Translation adjustment | 758 | (369) | (12) | (637) |
| Comprehensive income | $7,948 | $53,419 | $44,605 | $159,718 |
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