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:
以下是萊迪思半導體公司（LSCC）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
萊迪思公佈的第四季度收入爲1.706億美元，環比下降11％，同比下降3％。
2023 年的年收入增長了 12%，標誌着收入連續第三年實現兩位數增長。
非公認會計准則毛利率在2023年第四季度略有下降至70.4％，但每年增長130個點子。
第四季度和2023年全年的運營支出均有所增加。
2023年實現了創紀錄的39.8％的非公認會計准則營業利潤率，同比增長120個點子。
儘管第四季度有所下降，但該公司在2023年表現出強勁的每股收益增長，非公認會計准則攤薄後每股收益同比增長15％。
該公司創造了創紀錄的2.7億美元運營現金，同比增長13％，並在2023年實現了創紀錄的34％的自由現金流利潤率。
Business Progress:
業務進展：
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.
工業和汽車終端市場連續第四年持續實現兩位數增長。
在產品開發和客戶支持方面投入大量資金。
該公司在2023年第四季度回購了90萬股股票（合5000萬美元），這是連續第十三個季度進行股票回購。
儘管週期性調整影響了半導體行業，但萊迪思實現了強勁的年度增長，並預計由於市場狀況的改善和產品的增長，2024年的收入增長將加快。
成功推出人工智能基礎設施並不斷擴大其活動，預計未來幾年與人工智能相關的收入將翻一番。值得關注的特定應用包括數據中心服務器、支持人工智能的電腦和汽車應用中的 ADAS。
汽車電子領域發現了重大的空白機會，被視爲一個有前景的長期增長領域。
去年，包括Nexus、Pre-Nexus和Avant在內的所有產品的設計勝利水平創歷史新高，這表明未來的機遇越來越多。
More details: Lattice Semiconductor IR
更多詳情： 萊迪思半導體紅外
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