Exhibit 99.1

latticelogoa06a01a01a16.gif
NEWS RELEASE

For more information contact:
David Pasquale
Global IR Partners
914-337-8801
lscc@globalirpartners.com

LATTICE SEMICONDUCTOR REPORTS FIRST QUARTER OF 2018 RESULTS

First Quarter 2018 Highlights:

Revenue at $98.6 million, 3.5% sequential growth and in-line with expectations
Company continuing to execute as planned; reports high level of customer activity across
a wide range of product families
Gross Margin improves sequentially to 57.3%
Net Loss of $0.05 on a GAAP basis and Net Income of $0.05 on a Non-GAAP Basis
Board of Directors adds three new, highly qualified, independent directors
* GAAP represents U.S. Generally Accepted Accounting Principles. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. GAAP to Non-GAAP Financial Measures."
PORTLAND, OR - April 26, 2018 -
Lattice Semiconductor Corporation (NASDAQ: LSCC), a leading provider of customizable smart connectivity solutions, announced financial results today for the fiscal first quarter ended March 31, 2018.
Selected Q1 2018 Financial Results and Comparisons (in thousands, except per share data)
 
 
GAAP — Three Months Ended
 
Non-GAAP — Three Months Ended
 
 
March 31,
2018
 
December 30,
2017
 
April 1,
2017
 
March 31,
2018
 
December 30,
2017
 
April 1,
2017
Revenue
 
$
98,623

 
$
95,266

 
$
104,587

 
$
98,623

 
$
95,266

 
$
104,587

Gross Margin %
 
57.3
%
 
53.8
%
 
58.2
%
 
57.6
%
 
54.0
%
 
58.4
%
Operating Expense
 
$
57,316

 
$
51,937

 
$
61,534

 
$
45,421

 
$
44,054

 
$
47,679

Net (Loss) Income
 
$
(5,952
)
 
$
(7,213
)
 
$
(7,275
)
 
$
6,118

 
$
1,038

 
$
7,111

Net (Loss) Income per share, basic and diluted
 
$
(0.05
)
 
$
(0.06
)
 
$
(0.06
)
 
$
0.05

 
$
0.01

 
$
0.06




1

The following information was filed by Lattice Semiconductor Corp (LSCC) on Thursday, April 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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