Lattice Semiconductor reports third quarter 2025 revenue of $133.3 million
Lattice Semiconductor Corporation reported revenue of $133.3 million for the third quarter of 2025. GAAP gross margin was 67.9%, and GAAP net income was $2.8 million, or $0.02 per diluted share. On a non-GAAP basis, gross margin was 69.5%, and net income was $0.28 per diluted share. Adjusted EBITDA was $47.4 million, representing a 35.6% margin. Net cash flow from operating activities was $47.0 million, with a free cash flow of $34.0 million. The company repurchased $85 million in common stock during the first nine months of 2025 and was recognized as a 2025 Top Workplace in Oregon and Southwest Washington. For the fourth quarter of 2025, Lattice expects revenue between $138 million and $148 million, non-GAAP gross margin around 69.5% plus or minus 1%, total operating expenses between $54 million and $55 million on a non-GAAP basis, a non-GAAP income tax rate between 3% and 5%, and non-GAAP net income per share between $0.30 and $0.34.
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