Every material Form 8-K Lattice Semiconductor filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lattice Semiconductor reported third-quarter 2024 revenue of $127.1 million, up 2.4% from the prior quarter but down 33.9% from a year earlier, with GAAP net income of $0.05 per diluted share. The company guided fourth-quarter 2024 revenue to $112 million to $122 million, and it took a one-time GAAP-only charge of $6.5 million tied to a 14% workforce reduction and a 14% cut in non-headcount operating expenses.
Q3 2024 revenue was $127.1 million, up 2.4% from Q2 2024 and down 33.9% from Q3 2023's $192.2 million.
GAAP net income was $0.05 per diluted share, versus $0.16 in Q2 2024 and $0.38 in Q3 2023; non-GAAP net income was $0.24 per diluted share.
Fourth-quarter 2024 guidance: revenue of $112 million to $122 million and non-GAAP net income of $0.15 to $0.23 per share.
Ford Tamer was appointed Chief Executive Officer and joined the Board; the company is also recording a $6.5 million one-time GAAP-only charge tied to a 14% workforce reduction.
Lattice Semiconductor's chief financial officer, Sherri Luther, resigned effective October 10, 2024, to pursue a new opportunity, and the board appointed Corporate Controller Tonya Stevens as interim CFO while it searches for a permanent successor. The company said it is reaffirming its July 29, 2024 guidance and will report results on November 4, 2024.
Sherri Luther resigned as CFO effective October 10, 2024; the company said her resignation involved no disagreement with the company
Tonya Stevens, Corporate Vice President and Corporate Controller, named interim CFO effective October 10, 2024, in addition to her existing role
Company reaffirmed guidance it provided on July 29, 2024, and will report financial results on November 4, 2024
Lattice Semiconductor appointed Ford Tamer as President and Chief Executive Officer effective September 16, 2024, and added him to its Board of Directors. He replaces Esam Elashmawi, who had served as Interim CEO since June 2024 and will remain Chief Strategy and Marketing Officer. The company also reaffirmed the guidance it gave on July 29, 2024, and the filing details a compensation package with a $800,000 base salary and substantial equity awards.
Ford Tamer became CEO and a Board member effective September 16, 2024; he replaces Interim CEO Esam Elashmawi
Base salary of $800,000, with an annual target bonus of 125% of base salary
Equity awards include $30,000,000 in sign-on awards and $5,000,000 plus $1,700,000 in fiscal 2024 long-term incentives, with $5,000,000 in fiscal 2025 awards
Company reaffirmed the guidance it provided on July 29, 2024
Lattice Semiconductor reported second-quarter 2024 revenue of $124.1 million, down 11.9% from the first quarter and 34.7% from a year earlier, with GAAP diluted earnings of $0.16 per share. The company guided third-quarter 2024 revenue to between $117 million and $137 million, and interim CEO Esam Elashmawi said the industry is starting to show signs of improvement after a period of inventory normalization.
Q2 2024 revenue was $124.1 million, down 11.9% from Q1 2024 and down 34.7% from Q2 2023.
GAAP diluted EPS was $0.16 versus $0.11 in Q1 2024 and $0.36 in Q2 2023; non-GAAP diluted EPS was $0.23 versus $0.29 in Q1 2024.
Q3 2024 outlook: revenue of $117 million to $137 million, non-GAAP gross margin of 69.0% plus or minus 1%, and non-GAAP operating expenses of $53 million to $55 million.
The company repurchased shares for the fifteenth consecutive quarter, with $30.0 million of buybacks in the first half of 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lattice Semiconductor filing is on SEC EDGAR ↗. 8-K briefs of other companies →