Lattice Semiconductor Reports Q1 Revenue of $170.9M, Beats Estimates, Raises Guidance, Plans $1.65B AMI Deal
LSCC•Lattice Semiconductor delivered Q1 non-GAAP EPS of $0.41 on revenue of $170.9 million, topping consensus estimates of $0.36 per share and $163.3 million. The company raised Q2 EPS guidance to $0.42–$0.46 and revenue outlook to $175–$195 million as it agreed to acquire software firm AMI for $1.65 billion.
1. Q1 Earnings and Revenue Beat
Lattice Semiconductor posted first-quarter non-GAAP earnings of $0.41 per share on $170.9 million in revenue, exceeding consensus estimates of $0.36 EPS and $163.3 million. Revenue climbed 42% year-over-year, driven by record demand in compute and communications segments.
2. Raised Second-Quarter Guidance
Management narrowed Q2 EPS guidance to a range of $0.42–$0.46 and lifted revenue outlook to $175–$195 million, reflecting confidence in sustained order momentum and backlog growth across core markets.
3. Strategic $1.65 Billion AMI Acquisition
Lattice agreed to acquire software firm AMI for $1.65 billion to expand its secure management and control platform offerings. The deal aims to accelerate product integration, enhance margin profiles and strengthen Lattice’s position in edge computing markets.
