Lattice Semiconductor Corporation (LSCC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	259,061	178,882	95,922	47,392	43,493
Revenue	US$ in thousands	739,195	656,210	512,589	404,418	390,127
Net profit margin		35.05%	27.26%	18.71%	11.72%	11.15%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $259,061K ÷ $739,195K
= 35.05%

The net profit margin of Lattice Semiconductor Corporation has shown a positive trend over the past five years, indicating the company's ability to efficiently convert revenue into profits. The margin has consistently increased from 11.15% in 2019 to 35.05% in 2023. This improvement suggests effective cost management, revenue growth, or both, contributing to higher profitability. A higher net profit margin signifies that the company is retaining a larger portion of its revenue as profit after all expenses are accounted for. It reflects a strong operational performance and potentially competitive positioning within the industry. Overall, Lattice Semiconductor Corporation's increasing net profit margin demonstrates its enhanced financial health and efficiency in generating profits over the years.