Lattice Semiconductor Corporation (LSCC)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	340,400	514,670	452,050	321,675	245,306
Revenue	US$ in thousands	509,401	737,154	660,356	515,327	408,120
Gross profit margin		66.82%	69.82%	68.46%	62.42%	60.11%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $340,400K ÷ $509,401K
= 66.82%

The gross profit margin of Lattice Semiconductor Corporation has shown a generally positive trend over the past five years. Starting at 60.11% as of December 31, 2020, the margin has steadily increased to 62.42% by December 31, 2021, and continued to rise reaching 68.46% by December 31, 2022. The trend further improved to 69.82% as of December 31, 2023, indicating a strong performance in maintaining costs of goods sold relative to sales revenue. However, there was a slight dip to 66.82% by December 31, 2024, suggesting a potential need for cost control measures to ensure sustained profitability. Overall, the company has exhibited effective management of its production costs, albeit with a recent minor decline in the gross profit margin.