Lattice Semiconductor Corporation (LSCC)

Operating 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
Operating income (ttm)	US$ in thousands	212,270	223,137	215,022	208,738	187,367	163,187	141,400	121,629	104,515	92,011	77,810	63,277	52,366	50,525	54,399	56,303	59,041	41,830	38,101	10,151
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
Operating profit margin		28.69%	30.06%	29.84%	29.76%	28.09%	25.76%	23.83%	22.22%	20.39%	19.26%	17.34%	14.95%	12.95%	12.69%	13.69%	14.27%	15.08%	10.80%	9.84%	2.58%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $212,270K ÷ $739,750K
= 28.69%

The operating profit margin of Lattice Semiconductor Corporation has shown a positive trend over the past few quarters, indicating an improvement in profitability. The margin increased from 28.69% in Dec 2023 to 30.06% in Sep 2023, before slightly dipping to 29.84% in Jun 2023. However, the margin remains relatively stable above 29% in the recent quarters, suggesting efficient cost management and revenue generation.

Comparing year-over-year data, the operating profit margin has significantly improved from 15.08% in Dec 2019 to the latest reported figure of 30.06% in Sep 2023. This upward trend reflects the company's ability to control costs and enhance operational efficiency, leading to higher profitability.

Overall, the consistent increase in the operating profit margin of Lattice Semiconductor Corporation indicates a positive financial performance and effective management strategies in place. Investors and stakeholders may view this as a favorable indicator of the company's financial health and potential for sustained growth.