Lattice Semiconductor(US:LSCC) Businesswire·2025-11-03 23:41Core Insights - Lattice Semiconductor Corporation reported record revenue in the Communications and Computing segment for Q3 2025, with total revenue of $133.3 million, reflecting a 7.6% increase quarter-over-quarter and a 4.9% increase year-over-year [2][3][4] - The company anticipates a revenue growth of 22% year-over-year for Q4 2025, with expected revenue between $138 million and $148 million [12][4] - Non-GAAP net income for Q3 2025 was $38.2 million, translating to $0.28 per diluted share, marking a 17.1% increase from the previous quarter [3][4][5] Financial Performance - Q3 2025 GAAP gross margin was 67.9%, while non-GAAP gross margin was 69.5% [3][5] - Total operating expenses for Q3 2025 were $92.1 million, up 15% from Q2 2025 [5][4] - Adjusted EBITDA for Q3 2025 was $47.4 million, representing a 35.6% adjusted EBITDA margin [3][4] Business Outlook - The company expects total operating expenses for Q4 2025 to be between $54.5 million and $56.5 million on a non-GAAP basis [12][4] - The anticipated non-GAAP gross margin for Q4 2025 is projected to be 69.5% plus or minus 1% [12][4] - The expected non-GAAP income tax rate for Q4 2025 is between 3% and 5% [12][4] Recent Developments - Lattice launched the industry's first PQC-Ready FPGA, the MachXO5-NX TDQ family, enhancing security and reliability for various applications [6] - The company repurchased common stock valued at $85 million in the first nine months of 2025 [6] - Lattice was recognized as a 2025 Top Workplace in Oregon and Southwest Washington, highlighting its commitment to employee appreciation and wellbeing [6]