May 4, 2021

Achronix Announces First Quarter 2021 Financial Results and Business Highlights

SANTA CLARA, Calif.–(BUSINESS WIRE)–Achronix Semiconductor Corporation, a leader in high-performance field-programmable gate arrays (FPGAs) and embedded FPGA (eFPGA) IP, today announced financial results for the first quarter of 2021, ending March 31, 2021. Financial Highlights: Revenue increased to $29.9 million from $5.5 million in the first quarter of 2020. Gross margin expanded to 78%, compared to 74% in the prior year’s quarter. GAAP net income was $8.8 million, or $0.18 per diluted shar

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