North joining for very We today. off automotive, promising and you, customer executive and and European thank with top meetings returned aerospace and from partner Rick, sectors. the us Asia a everyone, and the conference I've in industrial, call from Europe. on you, customers communication our with productive Thank America, conferences Pacific our and sales sales defense European summit capped and
also inaugurated We Where visited India. we new our R&D Pune, state-of-the-art site.
in came these This of was heels All with the highly floor registrants our December show successful a Conference of and over Developers Lattice on X,XXX XX event demos. XXXX.
see to how systems. you directly innovations firsthand of from from impressive some leading hear Lattice the were they're in deploying customers Many able of their and our
for As a strengthening result announce of these more team, Lattice. we events, our we're to Today, executive further the energized and outlook for in of leadership pleased I'm additions. Lorenzo even confident long-term a he CFO their Xilinx. Flores Intel, Financial business. Lattice Vice Lorenzo Officer; to Kioxia from Chief joining where was that, is foundry CFO was at at Prior Chairman as and
we're to and team been will sales confident of at executive roles promoting significant she and coming of Nicole has to Sales. Singer at growth. and as in of Lattice's Xilinx. at field Vice President Erhaan our years. Prior over where he board am phase Vice spent She Shaikh Altera, XX that, President Human at this is new over to that And Worldwide CHRO was next Lattice People from CHRO. for that, was SiFive, Prior X Xilinx engineering . years Officer make Synaptics Chief to Resources Fungible Senior on Erhaan contributions I
serving immense Lattice, CFO. most Tonya announce has asset, to to I'm Tonya years recently appointment our Chief of role of also her the nearly X pleased the Accounting In been interim Stevens Officer. at
promotion, building demonstrate experienced Lattice, Tonya's is We look role forward near-term it the combine choosing with we're closely teams, and her. with strength. continue clear when deep to bench with expanded that value. the join and new industry this Lattice's working to enable Erhaan's background, on And Erhaan's she are thrilled Tonya future semiconductor scope, will you stay to of and which shareholder industry's one build will company us veterans strongest management along
a grow those overall acting FPGA level, trends. uniquely market tailwinds X and At Lattice secular to as high importance, is the by leverage is driven to continuing in trends positioned
best AI positioned cycles, to which those provide time functions. FPGAs and driving functions system less shorter auxiliary to First, design is integrate enable are
FPGAs. that and towards costs ASIC continue for to as which more ROI the ASSP functions rises pushes development bar that increase and Second, designs justify could
Third, more be mature certain example functions. respond. like are as perfect changing fixed cannot security A is requirements. is post-quantum Fourth, applications emerging ASIC perform PQC. that skyrocket, or more of solution fast advanced the process much FPGAs Programmability easily cryptography much nodes effective a a function than cost economical to have
is edge contextual Lastly, sensor. requiring AI the intelligence near
us Lattice performing of with other far implement it edge better is AI chips a near already which critical these power today, customers our inference advantage edge processing other tiny model for gives save in is the in and functions which to far sockets devices, tasks.
units. everywhere, segment. aggregated which explosion done a in bridged, an job fused as robotics, lead market. segments. FPGA small- require is the these electrification, these growing IoT, our applications, across industrial medical have processing faster And automation, upstream than applications sensors good mid-range devices and the massive new These by of segments intelligence to rest far them, amounts all centers amongst market, AI led artificial as growing of data are data and Lattice be telematics, in has this self-driving goal market Furthermore, of well and the to cloud, driven cars, to edge
in one the added long-term gives continue of catalyst that us to This is Lattice's of opportunities an we confidence growth as example just execute.
improvement we're term, near customer the Over consumption. seeing in
below ship maps. ensure continue with their effectively closely estimated to are true We supporting our product customers demand and working we're to road
in first continue few X to quarters, the the our our also weeks. with over stronger past been time has for We book-to-bill backlog. be ratio X for encouraged And
our well this coming the for bodes business and quarters. together, Taken
our moving continued on at communications guidance sequentially high X% to down computing QX level, developed From and million expected. normalization. line and basis, was Now and and X%, XXXX down an primarily due in $XXX.X automotive a market to our quarter On industrial with revenue fourth end results. inventory was as was
clean internal We We included comprehensive make liability this the this and best of to we're our expect continue a onetime to significant success. we the company. and charges example any the review. more the success demand not additional remarks. specific In another sustained discovered opportunity actions in our to implementing after in ensure prepared Lattice resources her of material for of realignment progress customer Tonya confident QX, do that support to position a up vigorously taking will provide is details long-term are long-term
our XX.X%. for margin to that Revenue full the robust, XXXX in bright win wins highlight we design subsegment XXXX. strong achieved a be XXXX. year is in record of as A $XXX.X to momentum Design EBITDA spot grew was million computing with continues
in Additionally, including product momentum continues to to a Nexus digits new XXXX. new from grew our be double products, Avant, revenue compared highlight and XXXX as our
of small we Nexus conference low Earlier, focus market. and time significant of security on increasing developers with benefits in about X These further builds devices, at speed keynotes of and the expanded advancements, conference capabilities December. and launch use, in connectivity to cost-effective in the systems. use. to new new applications. leading our demonstrated ease developers to you and our edge size Avant FPGA ease reliability customers' meet Lattice's on had offerings our that new and our to There, we their differentiation Furthermore, platform power, solutions using introduced leadership segments. tools of small the of in mid-range We our for also demand solution multiple heard because and performance up optimizations solutions deployment X successful customer add This the Lattice's
to you're Automate our Drive Lattice website has designs. person, factory vision, and like Lattice automation for Lattice automotive attend not multiple able showcasing applications Egde AI, sensAI videos for for embedded If for Lattice mVision in
and Radiant Propel our also tools. stickier Lattice and award-winning of software This software new differentiation continued We and tools solutions multi-generation. versions in innovation customer make introduced Lattice our enable and will solutions our
you heard in XXXX. more a recovery expect call, we U-shaped quarter's as of last ahead, Looking earnings during
EPS our industry in very are guiding current the to guide are quarter companies pleased be QX consensus our above expecting down. estimate We other a in when a
revenue For single-digit year the full anticipate year XXXX, we growth continue to full compared the low to XXXX.
range execute target XX% inventory begin midpoint our channel long-term to to target and revenue Lattice back XX% to that growth and of expect We beyond. in enable to moving XXXX of the will our
the significant next X summary, since months In we've to the our I past actions of growth. phase drive taken joined over Lattice,
our holding holding highly our and America, included design you Pacific across earlier, solutions. state-of-the-art new X, Asia some successful Europe, our and IP Nexus actions with another developers these of associated sales expanding As recent in center tools inaugurating Avant conferences Pune, and product India, portfolio North conference heard and R&D successful X
in and are charge financial strategic year-end and was thorough material comprehensive strengthening on our a that the discipline, XX% key to of including we after further a transformation additions. QX We team continuing a QX, also focus taken workforce review. implemented liability executive with in
and remains provide we're ratio All Overall, few backlog these us committed a the beyond. customer weeks, X book-to-bill over actions, stronger combined in optimistic very our confidence. for about reaching long-term and improvement to and with Lattice strategy an consumption, past XXXX increased
Let detailed for of to Tonya? our review call results. me a the now turn Tonya over
