Earnings Call Summary | Lattice Semiconductor(LSCC.US) Q4 2023 Earnings Conference
Earnings Call Summary | Lattice Semiconductor(LSCC.US) Q4 2023 Earnings Conference
Non-GAAP gross The following is a summary of the Lattice Semiconductor Corporation (LSCC) Q4 2023 Earnings Call Transcript:
以下是莱迪思半导体公司（LSCC）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Lattice reported Q4 revenue of $170.6 million, down 11% sequentially and 3% YoY.
Annual Revenue for 2023 was up by 12%, marking the third consecutive year of double-digit revenue growth.
Non-GAAP gross margin declined slightly in Q4 2023 to 70.4%, but showed an annual increase of 130 basis points.
Operating expenses were higher in both Q4 and the full year of 2023.
Record non-GAAP operating margin of 39.8% achieved in 2023, up 120 basis points year-over-year.
Despite decline in Q4, the company demonstrated strong EPS growth in 2023, with non-GAAP earnings per diluted share up by 15% YoY.
The company generated a record $270 million cash from operations, a 13% YoY increase, and achieved a record 34% free cash flow margin in 2023.
莱迪思公布的第四季度收入为1.706亿美元，环比下降11％，同比下降3％。
2023 年的年收入增长了 12%，标志着收入连续第三年实现两位数增长。
非公认会计准则毛利率在2023年第四季度略有下降至70.4％，但每年增长130个基点。
第四季度和2023年全年的运营支出均有所增加。
2023年实现了创纪录的39.8％的非公认会计准则营业利润率，同比增长120个基点。
尽管第四季度有所下降，但该公司在2023年表现出强劲的每股收益增长，非公认会计准则摊薄后每股收益同比增长15％。
该公司创造了创纪录的2.7亿美元运营现金，同比增长13％，并在2023年实现了创纪录的34％的自由现金流利润率。
Business Progress:
业务进展：
Continuing double-digit growth witnessed in the industrial and automotive end market for the fourth consecutive year.
Heavy investment in product development and customer support.
The company repurchased 900,000 shares ($50 million) in Q4 2023, marking a thirteenth consecutive quarter of share buybacks.
Despite cyclic correction affecting the semiconductor industry, Lattice saw robust annual growth, and expects revenue growth to ramp up in 2024 thanks to improving market conditions and product ramps.
Successful launch and growing activity in AI infrastructure, with a doubling of AI-related revenue expected in the coming years. Specific applications to watch include data center servers, AI-enabled PCs and ADAS in automotive applications.
Major whitespace opportunity identified in auto electronics, seen as a promising long-term growth area.
Record level of design wins reported over the previous year across all products including Nexus, pre-Nexus, and Avant, indicating a growing pipeline of opportunities ahead.
工业和汽车终端市场连续第四年持续实现两位数增长。
在产品开发和客户支持方面投入大量资金。
该公司在2023年第四季度回购了90万股股票（合5000万美元），这是连续第十三个季度进行股票回购。
尽管周期性调整影响了半导体行业，但莱迪思实现了强劲的年度增长，并预计由于市场状况的改善和产品的增长，2024年的收入增长将加快。
成功推出人工智能基础设施并不断扩大其活动，预计未来几年与人工智能相关的收入将翻一番。值得关注的特定应用包括数据中心服务器、支持人工智能的电脑和汽车应用中的 ADAS。
汽车电子领域发现了重大的空白机会，被视为一个有前景的长期增长领域。
去年，包括Nexus、Pre-Nexus和Avant在内的所有产品的设计胜利水平创历史新高，这表明未来的机遇越来越多。
More details: Lattice Semiconductor IR
更多详情： 莱迪思半导体红外
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