Lattice Semiconductor Corporation (LSCC)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	514,670	517,789	501,960	479,884	452,050	421,064	385,157	357,497	327,316	301,097	280,578	258,330	245,306	239,738	238,871	238,332	238,422	233,435	230,360	220,570
Revenue (ttm)	US$ in thousands	739,750	742,381	720,500	701,474	666,971	633,429	593,440	547,401	512,592	477,839	448,836	423,177	404,418	398,270	397,467	394,481	391,430	387,170	387,207	393,364
Gross profit margin		69.57%	69.75%	69.67%	68.41%	67.78%	66.47%	64.90%	65.31%	63.86%	63.01%	62.51%	61.05%	60.66%	60.19%	60.10%	60.42%	60.91%	60.29%	59.49%	56.07%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $514,670K ÷ $739,750K
= 69.57%

The gross profit margin of Lattice Semiconductor Corporation has shown a positive trend over the past several quarters, indicating an improvement in the company's ability to generate profit from its core operations. The margin has steadily increased from 56.07% in March 2019 to 69.57% in December 2023. This demonstrates management's effectiveness in controlling production costs and pricing strategies to enhance profitability. The consistent uptrend suggests that the company has been able to maintain pricing power while effectively managing its cost structure. Overall, the increasing gross profit margin reflects positively on the company's operational efficiency and long-term profitability potential.