Lattice Semiconductor reported fiscal third‑quarter 2025 results, posting revenue of $133.349 million, a 4.9% year‑over‑year increase and a 7.6% sequential rise, surpassing the consensus estimate of $133.028 million.
Diluted earnings per share were $0.28, matching the consensus estimate. Adjusted earnings per share were $0.28, and adjusted EBITDA reached $47.4 million, a 35.6% margin.
The Communications and Computing segment generated $74.0 million in revenue, representing 55.5% of total revenue and growing 21% year‑over‑year and 8% sequentially, driven by demand for AI and data‑center applications.
Non‑GAAP gross margin for the quarter was 69.5%. Operating expenses increased due to higher stock‑based compensation, but the company maintained a positive adjusted EBITDA margin.
Management guided fiscal fourth‑quarter revenue to roughly $143 million, about 0.7% above analyst expectations, and adjusted EPS to $0.30–$0.34. The company expects inventory normalization in industrial and automotive markets by year‑end and plans to continue expanding its AI‑centric product portfolio.
Lattice’s liquidity remains strong, with significant cash reserves and an undrawn credit facility, and the company repurchased shares during the quarter, underscoring its commitment to shareholder returns.
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